Top micro-cap stocks that gave multi-bagger returns in October, do you own them?
Micro-cap stocks are a subset of the equity market that have lower capitalization, in comparison with large-cap stocks.
Micro-cap stocks are a subset of the equity market that have lower capitalization, in comparison with Large-Cap stocks. They generally have a market capitalization below Rs.1,000 crores but may be more in some cases. The purpose of micro-cap stocks is to provide investors with an opportunity of higher returns in the market that may not be achieved in large-cap stocks. Small-Cap companies tend to be more volatile than larger companies but they also tend to offer higher growth potential.
In this market rally, the shares K&R Rail Engineering Ltd. rose from 26.15 per share on October 7, to 90.30 per share on November 7, delivering a stellar return of 230 per cent in just one month. The stock has been making a new 52 week high from October 14. While the Sensex and Nifty50 has just climbed by 5.5 and 5.58 per cent respectively.
Following are the best Micro-Cap Stocks that outperformed in October: