In less than 1 year the stock gave multibagger returns of 386.22 per cent. 

In just 6 months, the stock gave multibagger returns of 405.69 per cent and in less than a year, it returned 484.59 per cent. 

Though SME IPOs lack the huge numbers and marketing blitzkrieg of mainboard peers, they try to make it up with eye-popping returns if last one year data is anything to go by. 

Additionally included is a list of stocks that have more than doubled in just one month!

Since its listing day, the shares of Jayant Infratech have locked in back-to-back upper circuits. 

Herein, David is referred to as the SME IPOs. SME stands for small & medium enterprises and is considered to be the backbone of India’s growing economy.   

The shares of Jayant Infratech are in huge demand. Back-to-back buyers lock has pushed the stock to its all-time high after it more than doubled since its listing on July 13. This SME IPO stock got listed on BSE SME platform on July 13 after recording a gain of 19 per cent on its listing day. The issue price for Jayant Infratech was Rs 53 per share.

The shares of Jayant Infratech were seen getting locked in the upper circuit during Thursday's trading session as the market traded with a positive bias.