Over the past one year, mid- and Small-cap stocks have emerged as popular choices among investors, as evidenced by their remarkable performance. The majority of these stocks have achieved new record highs, while others have marked new 52-week highs.
Let's take a closer look at some of the standout performers that are priced under ₹100 and have given spectacular returns to their shareholders. Leading the pack of these impressive performers is IDFC First Bank, which recorded a remarkable gain of 150.80% in the last one year. During this period, the stock has moved from ₹31 apiece to ₹77.75. In May, the stock jumped nearly 17% on speculation about the bank's inclusion in the MSCI Standard Index.
Industry experts suggest that IDFC First Bank may potentially enter the index during the upcoming MSCI review scheduled for August 2023, driven by its exceptional performance.
The list goes on with other banking stocks that have outperformed the market including UCO Bank, Equitas Small Finance Bank, and Union Bank of India delivering returns of 142%, 116%, 111.6%, and 94%, respectively, within just one year.
In addition, shares of Punjab National Bank, IDBI Bank, Bank of Maharashtra, Central Bank of India, and Bank of India have delivered stellar returns to their shareholders, with a return of 70%, 70%, 64%, 60%, and 56%, respectively.
Suzlon Energy, India's largest renewable energy solutions provider, has witnessed a remarkable surge in its shares, soaring 95% over the past year, particularly in the last three months, resulting in a substantial return of 75.30%. This impressive rally can be attributed to the company's successful acquisition of multiple orders and strong Q4 earnings, which propelled the stock to reach new 52-week highs.
In May, Suzlon Energy secured a significant order from Vibrant Energy for the development of a 99 MW wind power project. The order includes 33 wind turbine generators (WTGs) from Suzlon's new 3 MW series, featuring the innovative Hybrid Lattice Tubular (HLT) tower.
Additionally, the company announced another major order during the same month from Serentica Renewables, a platform focused on decarbonization. Suzlon Energy will install 68 WTGs, each with a rated capacity of 3 MW, along with the Hybrid Lattice Tubular tower for Serentica's 204 MW wind power project in Koppal, Karnataka.
Furthermore, Suzlon Energy secured a significantly large order from Torrent Power Limited to develop a 300 MW wind power project. As part of this order, the company will install 100 WTGs with a rated capacity of 3 MW each, utilizing the Hybrid Lattice Tubular tower.
Bharat Heavy Electricals (BHEL), a leading engineering and manufacturing company in the energy and infrastructure sectors, was another stock that delivered exceptional returns to its shareholders. In the last one-year period, the stock moved from ₹42.10 apiece to the current position of ₹83.80, producing a fabulous return of nearly 99%.
Housing & Urban Development Corporation (HUDCO), a public sector company, experienced a strong spike in its share price, soaring from ₹33.90 apiece to ₹57.75, resulting in an impressive return of 70.35%. Likewise, Indian Railway Finance Corporation witnessed (IRFC) a substantial increase of over 63.8% in its share value during the same period.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie.