These stocks doubled investors wealth in just a month

Juggling between hope and fear, the Indian benchmark indices seems to have gone into a state of flux once again in the month of April 2021. The surging Coronavirus cases in India have kept the upmove of markets under check, while on the other hand, superior Q4 results, and vaccine optimism offered support at the lower levels. Overall, the Indian stock markets hovered in a broad range just like a ping-pong game; balls were passed back and forth.   

Amidst all these, there are certain stocks that have witnessed galloping upmove in the month of April.  We have considered stocks from NSE, which have logged triple-digit gains in the month of April 2021.   

The first stock on the list is Arvee Laboratories. It got listed on NSE on March 22, 2021. In the month of April 2021, it gained 151.62 per cent and interestingly, in all the trading sessions of April 2021, the stock was locked in the upper circuit. An investment of Rs 50,000 in the stock at Rs 55.40, would have translated into a purchase of 903 stocks while the investment of Rs 50,000 would have turned into a whopping Rs 1,25,878 in a span of just one month. Other stocks like Times Guaranty, Tantia Constructions, and Vivimed Labs have given returns in excess of 100 per cent in the month of April.   

The stock of Bal Pharma has also nearly doubled in just a span of one month. The stock had closed at Rs 53.70 in the month of March 2021, while trading at Rs 108 on NSE on April 30, 2021.   

The stock of Cinevista has also doubled in a span of one month. The stock made a 52-week high of Rs 16.95 on April 22, 2021, and then, witnessed a drastic fall from its 52-week as it was trading at Rs 11.95, but still, it was up by nearly 101 per cent from the last month close of Rs 5.95.   

The stock of Morepen Laboratories has been in the news lately as it jumped nearly 101 per cent in the month of April. Further, the stock has recorded the highest-ever monthly volumes. Promoter holding in the stock remains unchanged at 34.54 per cent in March 2021 quarter. Meanwhile, FIIs/FPIs have decreased their holdings from 0.76 per cent to 0.68 per cent in March 2021 quarter while institutional investors have decreased holdings from 5 per cent to 3.56 per cent during the same time period.   

Other stocks which have doubled in the month of April are RattanIndia Enterprises and Nureca as they have logged gains of 100 per cent and 101 per cent, respectively.