Stocks that doubled investors wealth in the past one month

Extracting the data for returns delivered by companies having a market cap of more than Rs 300 crore, around 58 per cent of the companies have outperformed the benchmark indices despite the volatile market performance.

The equity markets are still under cautious view due to the uncertainty of the Russia-Ukraine crisis along with the oil prices on the boil. Although the economy has shown positive momentum based on earnings growth, deleveraging, and rising Capex announcement along with a robust government budget, the volatility is still likely to persist due to the hawkish US Federal Reserve as well as the recent crisis between Russia and Ukraine. 

The equity markets hit their low point on March 7, 2022, after the outbreak of the war between Russia and Ukraine. The benchmark indices crashed with substantial points, spreading panic over the market environment. One month post the low point, Sensex and Nifty recovered 11.98 per cent & 11.63 per cent, respectively.  

The benefiting sector from this crisis was likely to be the Indian Large-Cap IT industry, financials, and capital goods. The IT industry has the potential to become an alternative for businesses leaving the Ukrainian and Eastern European markets. On the flip side, the automobile sector had the chance of facing hiccups due to supply chain constraints and semi-conductor shortages.  

Extracting the data for returns delivered by companies having a market cap of more than Rs 300 crore, around 58 per cent of the companies have outperformed the benchmark indices despite the volatile market performance. Seven stocks have doubled investors’ returns, delivering up to 188 per cent over the period of one month. Kaiser Corporation zoomed 188.45 per cent, followed by SEL Manufacturing Company and Cressanda Solutions, which gained up to 152.33 per cent & 148 per cent, respectively. 

Following is a list of stocks outperforming the markets during the crisis situation and doubling investors returns in past one month -