An investment of Rs 1,000 on February 29 this year in Upper Ganges Sugar & Industries shares is now around Rs 6,045. This is a return of about 605 per cent given by the stock in the past six months. This is not the only stock which gave handsome return to investors during February 29 to September 2. The list includes 183 other stocks that gave more than 100 per cent return to investors on the Bombay Stock Exchange (BSE) during the period.
Other stocks that cheered investors during the period include Sudarshan Chemical Industries which jumped 417.42 per cent during Feb 29-Sep 2. It was followed by Tata Metaliks (up 416 per cent), Mahamaya Steel Industries (up 382.54 per cent) and Prakash Constrowell (up 343.31 per cent.)
Shilpi Cable (341.82 per cent), Vipul Organics (up 318.57 per cent), Medicamen Biotech (up 313 per cent), Smiths & Founders (up 290 per cent) and Store One Retail India (up 289 per cent) stood among other major gainers on BSE.
Since February-end, benchmark BSE Sensex advanced 24 per cent to 28,532.11 till September 2. However, domestic equity markets started the year 2016 on bleak note as the 30-share index tumbled 12 per cent between December 31, 2016 and February 29, 2016.
In the cement and construction material space, Kakatiya Cement Sugar & Industries, The India Cement, Heidelberg Cement, Mangalam Cement, Ramco Industries, OCL India, Visaka Industries and Saurashtra Cement gained between 101 per cent and 232 per cent. Among chemical stocks, Chemfab Alkalis, Jayant Agro-Organics, Thirumalai Chemicals, GHCL, Vivid Global Industries, Himadri Speciality Chemical, Balaji Amines, Bodal Chemical, Gujarat Alkalies, Supreme Petrochem, Deepak Nitrite and IG Petrochemical surged between 105 per cent and 278 per cent during February 29 and September 2.
NBFCs such as Satkar Finlease, Manappuram Finance, Sakthi Finance, Bengal & Assam Company, Edelweiss Financial Services Ltd, Amulya Leasing, Escorts, Capital Trust and Muthoot Finance also doubled investors wealth during the same period.
In the IT space, Aptech, Nettlinx, Moschip Semiconductor, Megasoft, Cybertech Systems, Virinchi Ltd, Vama Industries and Trigyn Technologies gained between 106 per cent and 221 per cent during since February 29 till September 2. Rajshree Sugars, Dharani Sugars, Uttam Sugar Mills, Dwarikesh Sugar and DCM Shriram are among the sugar majors that also doubled investors wealth during the period.