Sensex and Nifty's stellar show pales in comparison to some individual stocks, which seem not too satisfied with percentage rise, and would rather grow at exponential pace, multiplying investor wealth.
Indian equity markets are on a constant upsurge since January 2017 and the benchmark indices Sensex and Nifty have risen 21-22% since the beginning of this year 2017, and have marked historic highs recently, with the broader Nifty 50 hitting the long-awaited five-digit figure of 10,000 points and the Sensex rising to an all-time high of above 32,600 points. In the last three months too, the performance has been impressive, with both Sensex and Nifty returning over 7%.
But even this stellar show pales in comparison to some individual stocks, which seem not too satisfied with percentage rise, and would rather grow at exponential pace, multiplying investor wealth. Interestingly, it may not be very expensive to buy those stocks and build a sizeable position, unlike the blue-chips. Here are 11 small-cap stocks under Rs 100, many of which have doubled in just last three months, while the others too have grown at breakneck speeds.
Shares of Jaiprakash Associates, a reasonably diversified infrastructure company, which was under a huge debt stress until very recently, have risen as much as 118% in the last three months to end at Rs 28.7 on BSE on Friday. Earlier this month, news reports broke out that ace investor Rakesh Jhunjhunwala bought over 1% stake in the company for Rs 57.5 crore in April-June quarter, after the JP Associates concluded deals to sell its cement businesses and raise cash to pare debt. Three months back the share price of the company was at Rs 13.17. Jaiprakash Associates also has presence in engineering & construction, power, cement, real estate, hospitality, expressways, IT, sports & education.
Sports and fitness service provider Toyam Industries shares have gained over 112% in just over the last one month, and are now at Rs 4.9 on BSE. The company has business interests in gaming, merchandise, consultancy and services. The stock of Toyam Industries was at Rs 2.31 on 26 April.
Man Industries (India)
Shares of manufacturer and exporter of large diameter carbon steel line pipes Man Industries (India) have risen 101.5% in the last three months to Rs 93.4 on BSE. The company provides solutions for various high pressure transmission applications for Gas, Crude Oil, Petrochemical Products and Potable Water through its products. Three months back the share price of Man Industries was at Rs 46.35%.
Petrochemical firm Bhansali Engineering Polymers shares have gained 89% in the last three months to Rs 74.35 on BSE. The petrochemical company also manufactures raw material for companies dealing in automobiles, home appliances, telecommunications, luggage, bus body. Three months back shares of Bhansali Engineering Polymers was at Rs 39.35.
GVK Power and Infrastructure
GVK shares have risen over 81.4% in the last three months to Rs 11.32 on BSE. The firm has presence across various sectors including energy, resources, airports, transportation, hospitality and life sciences. The stock of GVK Power and Infrastructure was at Rs 6.24 three months in April. Earlier this week, renowned micro-cap stock picker Porinju Veliyath said in a television interview that he expects 5-10 times growth from select infrastructure space over the next few years, while betting big on the shares of GVK Power and Infrastructure.
Shares of the infrastructure firm Jaypee Infratech, which developed the Yamuna Expressway, have gained 66% from the last three months to Rs 23.25 on BSE. The stock was trading at Rs 14.02 three months back.
Shares Alankit have jumped over 57% in the last three month to Rs 35 on BSE. Alankit has nine group companies under it with diversified activities into Financial Services, e-Governance, Insurance and Healthcare verticals. Three months back the stock was trading at Rs 22.25.
Shares of McNally Bharat Engineering Company have gained over 57% in the last three months to Rs 76 on BSE. The company is engaged in providing turnkey solutions in the areas of power, steel, aluminium, material handling, mineral beneficiation etc. The stock was at Rs 48.4 in April this year.
Earlier known as one of the leading real estate development company, Unitech Ltd’s shares have risen 56% in the last three month to Rs 8.85 on BSE. The company was established in 1971 by a group of technocrats, but a few years back, got into troubles with its founders mired under charges of participation in a multi-thousand-crore rupees scam. The stock of the real estate firm was trading at Rs 5.68 three month earlier.
Himadri Specialty Chemical
Shares of Himadri Chemicals & Industries have risen 55% to Rs 84.7 since April this year. The company manufactures coal tar pitch and develops coal tar by-products and derivatives. The stock of the company was trading at Rs 54.7 in April this year.
Another Jaypee group company, Jaiprakash Power Ventures makes it to this list, with its shares rising 53% to Rs 7.51 from Rs 4.91 three months ago. Jaiprakash Power ventures has business interests in planning, developing, implementing and operating power projects in India.