The Indian equity markets ended in the green on September 09. The Nifty50 ended with a gain of 35 points, or 0.19%, at 17,833.35, while the Sensex closed at 59,793.14, up 105 points, or 0.18%.
On a weekly basis, the Sensex rose 1.68 percent while the Nifty increased 1.68 percent. The BSE small-cap index gained 2.53 percent in the same period, while the BSE midcap index surged 1.86 percent.
The BSE Small-Cap index has outperformed the BSE Sensex in the last six months. The BSE Small-Cap index has risen 13.47%, from 26,021.90 to 29,528.74 points (as of September 09). while the Sensex gained 11.92% during the same period.
In the last six-month period, a dozen small-cap stocks have doubled investors' wealth. Usually, small-cap stocks are highly volatile and risky. While they give exceptional returns, they can also tank as quickly as they rise. Data from Trendlyne showed that foreign investors preferred to raise stakes in small and midcap companies in the June quarter.
Elecon Engineering Company's shares have risen nearly 50% in the last three months, and the stock has returned 155.78 percent to shareholders since the beginning of March. The stock is trading at an all-time high of Rs. 376.10. The stock has been on a one-way rally since May, with a 125 percent return to date.
In the June quarter, FIIs increased their stake in the stock to 2.1 percent, up from 1.7% the previous quarter.
Chennai Petroleum was the second top gainer in the BSE small-cap index. In the last six months, the stock has risen from around ₹113.55 to ₹288 levels, representing a nearly 153.63 percent increase. According to Mint, ace investor Dolly Khanna has added Chennai Petro to her portfolio during Q1FY23.
Chennai Petro's net profit increased 314.05% to ₹1001.92 crore in the March 2022 quarter, while it increased 331.04% sequentially. Net margins stood at 6.10% in the Mar-22 quarter compared to 2.77% in Mar-21. NPM was higher sequentially compared to 2.34% in Q3.
|Scrip Name||% 6 Month Return|
|West Coast Paper Mills||143.49|
|BLS International Services||121.9|
|Cantabil Retail India||111.6|
|Kirloskar oil Engines||102.4|
|Seshasayee Paper & Boards||101.1|
Meanwhile, the shares of major paper manufacturing companies in India have surged over 100 percent since the onset of the war in Ukraine, and one paper stock, West Coast Paper Mills, stock, jumped 143. 49 percent in the last six months. In the last one year, the share price has surged from ₹236.80 to current levels of ₹576.60, ascending to the tune of nearly 146.72 percent in this period.
Mirza International shares have delivered mind-boggling returns to shareholders. In the last six-month period, Mirza International's share price has surged from ₹147.85 to the current level of ₹357.30, climbing by almost 142 percent. Further, over the last one year, the market price of the stock has zoomed by 498.49 percent.
The company's consolidated net profit grew almost 3-fold to ₹41 crore in Q1FY23 as against ₹11.6 crore in the corresponding quarter last year. Total revenue increased by nearly 92.35% to ₹485.9 crore in the June-end quarter of FY23, compared to ₹252.6 crore in the same period last year.
The next on the list was Fineotex Chemical Ltd. Services. This multi-bagger stock has delivered a fabulous return of over 129.60 percent in the last six months and 213.8 percent in the last one year.
Another paper stock, Andhra Paper, closed at ₹482.85 on the NSE in Friday's trade, with the stock gaining over 126.63 percent in the last six months and 108.75% in the last one year.
BLS International Services, TGV SRAAC, Cantabil Retail India, Rossell India, Kirloskar Oil Engines, and Seshasayee Paper & Boards Ltd. are among the other stocks in the BSE small-cap Index that have increased by 100 to 120 percent.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie.