Top performing stocks in January 2021 so far
Markets continued their uptrend in January with Sensex gaining as much as 1.7 per cent since January 1, running up to January 18. Several stocks were seen outperforming the markets with as many as 60 stocks gaining more than 50 per cent in the first 18 days of the month.
Meera Industries, a textile machinery manufacturing company with a low market-cap, ranked as the top-performing stock of January for the period under consideration i.e. from January 1 to January 18. The stocks almost doubled, trading with gains of more than 94 per cent.
Meera Industries is followed by Rama Steel Tubes, clocking gains of more than 82 per cent since January 1.
Purple Entertainment, another low market-cap company with a market cap of not more than Rs 27 crore, featured amongst the top gainers of January by clocking an impressive return of 77 per cent.
Following is a list of the top 10 performing stocks of January 2021:-
Company Name
|
Sector
|
Market Cap (Rs. crores)
|
Returns from January 1,2021 to January 18,2021(%)
|
Meera Industries Ltd.
|
Textile
|
84.95
|
94.02
|
Rama Steel Tubes Ltd.
|
Automobile & Ancillaries
|
141.07
|
82.61
|
Purple Entertainment Ltd.
|
Media & Entertainment
|
27.28
|
77.25
|
Swastika Investmart Ltd.
|
Finance
|
52.22
|
73.42
|
Ashirwad Capital Ltd.
|
Finance
|
17.24
|
72.4
|
Orchid Pharma Ltd.
|
Healthcare
|
9.23
|
70.81
|
Standard Batteries Ltd.
|
Trading
|
9.3
|
70.52
|
Raj Oil Mills Ltd.
|
Agriculture
|
160.23
|
70.49
|
Radix Industries (India) Ltd.
|
FMCG
|
79.39
|
69.28
|
NIBE Ltd.
|
Textile
|
26.45
|
69.15
|