Indian equities are going through a bull phase with huge fund inflows from the domestic buyers, which might be due to the demonetisation activity. In 2017, Indian stock markets have emerged as one of the top performers among the major economies of the world. Despite heavy sell-off pressure from the FIIs (foreign institutional investors) for the last 2-3 months and broadly a lower-than-expected corporate earnings, domestic markets are hovering near lifetime highs.
Over the last 12 months, India has witnessed some of the major overhauls in the economy, notably, the big two reforms led by Narendra Modi government — demonetisation and GST. These reforms have impacted most of the sectors in either of the ways, but the stock market has welcomed all these mega-changes by adding brownie points to the ongoing rally. Benchmark indices Sensex and Nifty have advanced in range of 27-28%. Now with a month left to ring the New Year 2018, we take a look at 11 small cap stocks which have grown up to 8 times in last one year.
Shares of Sanwariya Consumer jumped nearly 8 times in a period of 12 months. Today only, shares surged 5% and were locked in the upper circuit. The stock of Sanwariya Consumer rose as much as 696% to Rs 22.05 over the last one year. Earlier this month, the stock made a 52-week high of Rs 29.1.
Shares of Mirc Electronics have grown over 4 times in last 1 year with major upside achieved after the September month. The stock of Mirc Electronics has zoomed more than 300% to Rs 54.
Shares of GVK Power and Infrastructure have nearly tripled over the last one year with a notable appreciation observed after the month of June. The stock of GVK Power and Infrastructure advanced nearly 170% to a level of Rs 16.
Shares of Bombay Burmah Trading Corporation have also tripled in the 12-month period with the sizeable upside witnessed after the September. The stock of Bombay Burmah Trading Corporation rose over 190% to Rs 1520.
Other small stocks which have gained are
|Stock||Yearly return (%)|
|Sharda Motor Industries||120|
|APL Apollo Tubes||110|