With over 7000 per cent gain, these top 5 small-cap stocks have seen the highest recovery from their 52-week low!
As the saying goes “The comeback is always stronger than the setback.” These stocks have seen a strong comeback and have become the talking point on D-Street.
Stocks and other tradable securities are constantly changing in value based on supply and demand, but market participants pay particular attention when they approach a particular price. Two of the key price levels are the 52-week high and the 52-week low.
The stock’s 52-week high is the highest closing price in the past year. Likewise, its 52-week low is the lower price it has closed at within the last year. These two-price act like upper and lower bookends that define the price range also known as the 52-week range in which the stock traded during the year.
You might have read many articles talking about the stock which are trading at the 52-week high price as these stocks tend to be on the market participant's radar. It is believed that the stock which is trending is likely to continue to trend higher and as a result, the market participants take the opportunity to make handsome returns. However, in this article, we will look at the other side of the spectrum, where we will talk about stocks which have seen massive up-move from their 52-week low price.
As the saying goes “The comeback is always stronger than the setback.” These stocks have seen a strong comeback and have become the talking point on D-Street.
So, here is the list of the top 5 Small-Cap stocks which have seen the highest recovery from the 52-week low.
Baroda Rayon Corporation is right at the top when it comes to the highest recovery from the 52-week low as the stock has surged a whopping 7409 per cent from its 52-week low and currently, it is trading at Rs 331.9. All these stocks have turned multibagger for the investors who had bought at the 52-week low and would have gained as much as 7409 per cent.