These stocks below Rs 100 doubled in less than seven months!
Despite this geopolitical unrest, several stocks on the secondary market in India have been able to provide outstanding returns to their shareholders.
Sensex was trading with decent gains of 184 points in the mid-morning session at 55,582 points. Likewise, Nifty 50 was spotted in the green territory with an increase of 57 points at a level of 16,577. The market breadth is strong as 1,977 shares advanced whereas 1,160 shares declined on Sensex. Around 80 stocks touched a new 52-week high while only 19 stocks made a fresh 52-week low.
The ongoing Russia-Ukraine conflict, rising interest rates, and the concerns of a recession contributed to a sell-off that has been going on in the global stock market for more than a fortnight. However, despite this geopolitical unrest, several stocks on the secondary market in India have been able to provide outstanding returns to their shareholders. The money of stockholders has actually doubled during the past seven months.
Investing is a long-term game. One needs a healthy appetite for risk as well as a lot of patience in order to generate profitable returns. Additionally, picking the correct growth stocks is crucial. These organisations have profited from a strong order book position and promising order intake prospects.
The following is a list of low-priced stocks that have more than doubled in a short period of time:
|
Sr.No
|
Company Name
|
Sector
|
Price on Jan 3, 2022
|
Latest Price
|
YTD Returns
|
|
1
|
Shanti Educational Initiatives Ltd
|
Education & Training
|
99.95
|
1055.05
|
955.58
|
|
2
|
Magellanic Cloud Ltd
|
Finance
|
75.45
|
371
|
391.72
|
|
3
|
Axita Cotton Ltd
|
Textile
|
85.03
|
260.7
|
206.59
|
|
4
|
Megastar Foods Ltd
|
FMCG
|
56
|
170.3
|
204.11
|
|
5
|
Parshva Enterprises Ltd
|
Trading
|
56.46
|
159.6
|
182.68
|
|
6
|
Vistar Amar Ltd
|
Trading
|
74.55
|
206.5
|
177
|
|
7
|
Lords Chloro Alkali Ltd
|
Chemicals
|
64.5
|
171.8
|
166.36
|
|
8
|
Ritco Logistics Ltd
|
Logistics
|
51.15
|
134.75
|
163.44
|
|
9
|
Shish Industries Ltd
|
Plastic Products
|
74.4
|
195.5
|
162.77
|
|
10
|
BLS International Services Ltd
|
Miscellaneous
|
95.15
|
238.6
|
150.76
|
|
11
|
Sadhana Nitro Chem Ltd
|
Chemicals
|
57.85
|
127
|
119.53
|
|
12
|
Chennai Ferrous Industries Ltd
|
Iron & Steel
|
100
|
215.35
|
115.35
|
|
13
|
Virat Industries Ltd
|
Textile
|
92.3
|
198.15
|
114.68
|
|
14
|
Shukra Pharmaceuticals Ltd
|
Healthcare
|
84.95
|
173.7
|
104.47
|
|
15
|
Mahalaxmi Rubtech Ltd
|
Textile
|
69.2
|
139.4
|
101.45
|
|
16
|
Gujarat Mineral Development Corporation Ltd
|
Mining
|
73.75
|
148.2
|
100.95
|