Here are 5 smallcaps turned multibaggers in 2021
Five of the stocks have surged anywhere between 100 and 234 percent this year.
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Five of the stocks have surged anywhere between 100 and 234 percent this year.
India is in the middle of the earnings season, with the companies reporting their March quarter numbers. So far, 97 of 689 BSE smallcap index companies have announced their results.
Adani Total Gas: The stock has risen 234 percent from Rs 374.90 on December 31, 2020 to Rs 1,252.50 on May 4, 2021. In the March quarter, the company's net sales grew 25 percent to Rs 614 crore against Rs 490 crore in the year-ago quarter. The company also reported a 19 percent increase in profit at Rs 145 crore from Rs 122 crore in the year-ago period.
Tata Steel BSL Ltd: The stock has risen 148 percent from Rs 39.80 on December 31, 2020 to Rs 98.65 on May 4, 2021. In the March quarter, the company's net sales grew 67 percent to Rs 6774 crore against Rs 4065 crore in the year-ago quarter. The company posted a manifold jump in profit at Rs 1913 crore from Rs 6 crore in the year-ago period.
Morepen Laboratories Ltd: The stock has risen 113 percent from Rs 30.70 on December 31, 2020 to Rs 65.25 on May 4, 2021. In the March quarter, the company's net sales grew 39 percent to Rs 287 crore against Rs 207 crore in the year-ago quarter. The company also reported a 143 percent increase in profit at Rs 27 crore from Rs 11 crore in the year-ago period.
Tata Elxsi Ltd: The stock has risen 111 percent from Rs 1832.85 on December 31, 2020 to Rs 3859.45 on May 4, 2021. In the March quarter, the company's net sales grew 18 percent to Rs 518 crore against Rs 439 crore in the year-ago quarter. The company also reported a 40 percent increase in profit at Rs 115 crore from Rs 82 crore in the year-ago period.
Gateway Distriparks Ltd: The stock has risen 100 percent from Rs 121.80 on December 31, 2020 to Rs 243.60 on May 4, 2021. In the March quarter, the company's net sales grew 17 percent to Rs 350 crore against Rs 299 crore in the year-ago quarter. The company also reported a 318 percent increase in profit at Rs 46 crore from Rs 11 crore in the year-ago period.
