Doubled Money in Just One Month: Lakhpati Stocks Turned Rs 50,000 to Over Rs 1 Lakh in July
In essence, these stocks transformed investors into Lakhpatis in no time
The month of July has historically been a prosperous period for the Indian equity markets, and this year was no exception. Since 2020, the NSE benchmark Nifty50 index has consistently delivered positive returns in July. This winning streak continued for the fourth consecutive year, with the Nifty50 ending the month with impressive gains of about 4 per cent. This performance is significantly above the average monthly return for July, which stands at 2.6 per cent based on data since 2002.
This above-average performance of the Nifty50 index spurred a flurry of stock-specific activity on Dalal Street, with many stocks delivering substantial returns. Several stocks stood out, generating more than 100 per cent returns in July alone. For investors, this translated into significant gains, with an investment of Rs 50,000 in these stocks turning into over Rs 1 lakh in just one month. In essence, these stocks transformed investors into Lakhpatis in no time.
Here are the stocks that delivered exceptional returns in July:
Top Performing Stocks in July 2024
|
Stock Name
|
% Gain
|
Investment of Rs 50,000- No of Shares
|
CMP
|
Current Value of Rs 50,000
|
|
MARBLE
|
159.44
|
3577
|
36.27
|
129721
|
|
SUMEET IND_T
|
151.67
|
23923
|
5.26
|
125837.3
|
|
EMERALD
|
136.87
|
1664
|
71.18
|
118435.9
|
|
ASHIKA
|
102.93
|
611
|
166.04
|
101466.6
|
Marble City India: Leading the pack, Marble City India saw an extraordinary gain of 159.44 per cent. An investment of Rs 50,000 at the beginning of July would now be worth Rs 1,29,721.
Sumeet Industries: This penny stock delivered a phenomenal 151.67 per cent return. A Rs 50,000 investment in Sumeet Industries would have turned into Rs 1,25,837.30.
Emerald: With a gain of 136.87 per cent, Emerald also provided substantial returns. Investing Rs 50,000 would now be valued at Rs 1,18,435.90.
Ashika: Delivering a solid 102.93 per cent return, Ashika turned a Rs 50,000 investment into Rs 1,01,466.60, reinforcing the trend of high-yield opportunities in July.
Disclaimer: The article is for informational purposes only and not investment advice.
Note: A filter of 50,000 volume has been used.