Monday, April 22, 2024
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HomeStocksSME Stocks: A Treasure Trove of Multibaggers in FY24

SME Stocks: A Treasure Trove of Multibaggers in FY24

64% of these multibagger stocks have seen returns in the 100-200% range, which is nothing to sneeze at. But there's more! 10% of them have gone above and beyond.

SME Stocks in FY24

SME stocks have been quite the talk of the town in FY24, and not just because they’ve been doling out alpha returns like candy on Halloween. No, these little guys have been making waves for some less savory reasons too, with regulators shining a spotlight on suspected stock manipulation within this segment. But hey, every roller coaster ride has its ups and downs, right? So, let’s buckle up and take a closer look at how these SME stocks listed on NSE Emerge have fared in this wild ride we call the stock market.

Performance is Like Tale of Two Cities

As of March 22, 2024, there were about 93 stocks in the mix, and it’s like a tale of two cities with 72 of them strutting their stuff with positive returns. Here’s a quick rundown of the top performers:

– NPST SM: Leading the pack with a jaw-dropping gain of 738.43%, this stock is the belle of the ball.

– SURANI SM: Not too far behind, clocking in at 708.95%, this one’s definitely been turning heads.

– SWARAJ SM: With a respectable 615.27% gain, it’s been a smooth ride for investors in this stock.

– And the list goes on, with names like DYNAMIC, ABCOTS, and JSLL also putting in some impressive performances.

Name % Gain
NPST  SM 738.43
SURANI SM 708.95
SWARAJ SM 615.27
DYNAMIC SM 457.95
ABCOTS SM 455.45
JSLL SM 440.09
CADSYS SM 402.28
SPECTRUM SM 334.78
ARHAM SM 295.35
KOTYARK SM 248.09
PHANTOMFX SM 200.46
RMDRIP SM 198.8
ANLON SM 172.93
AURDIS SM 167.72
KRISHNADEFSM 166.27
SRIVASAVI SM 163.95
VMARCIND SM 144.85
PARTYCRUS SM 141.6
PRITIKA SM 141.14
SYSTANGO  SM 139.46
SHERA SM 135.29
ABINFRA SM 131.16
KHFM SM 122.61
EMKAYTOOLSSM 119.39
BAHETI SM 114.7
BEWLTD SM 114.59
IPSL SM 111.9
SHUBHLAXMISM 107.41
CMNL SM 105.18
ANNAPURNA SM 105.12
SOLEX SM 102.86
BETA SM 96.99
PRECISION SM 89.15
KORE  SM 87.53
OMFURN SM 80.73
CONTI SM 80
DUGLOBAL SM 78.58
FOCE SM 76.83
INNOVANA SM 75.24
LLOYDS SM 72.62
AILIMITED SM 72.46
PROPEQUITYSM 66.25
SABAR SM 61.25
REXPIPES  SM 57.96
BRIGHT SM 55.86
EUROBOND SM 54.42
LEMERITE SM 52.08
DOLLEX SM 49.43
PARIN SM 40.77
AGARWALFT SM 40.54
SHIGAN SM 37.58
ARIHANTACASM 36.94
SKP   SM 36.43
KANDARP   SM 35.29
AMEYA SM 33.33
VERTEXPLUSSM 26.48
JFLLIFE   SM 25
MAHICKRA  SM 24.49
ARISTO SM 23.85
KNAGRI SM 23.43
TIMESCAN  SM 23.12
GOLDSTAR  SM 20.59
GICL  SM 17.28
SONUINFRA SM 16.99
MWL   SM 16.82
FROG  SM 16.32
PROLIFE   SM 9.1
HOMESFY   SM 7.88
LRRPL SM 6.43
MHHL  SM 6.03
TAPIFRUIT SM 1.49
VITAL SM 1.46
CMRSL SM -0.77
SWASTIK   SM -1.32
QMSMEDI   SM -5.89
VIAZ  SM -6.08
JAINAM SM -6.95
SMVD  SM -7.62
COOLCAPS  SM -9.57
UWCSL SM -11.94
NIDAN SM -15.81
MADHAVBAUGSM -16.79
VIVO  SM -18.44
UMA   SM -18.87
UCL   SM -19.56
JALAN SM -31.91
RITEZONE  SM -36.19
USASEEDS  SM -40.6
GSTL  SM -61.25
CLOUD SM -72.83
BMETRICS  SM -81.62
CMMIPL ST -85.83
RILINFRA  SM -88.8

But it’s not all sunshine and rainbows in SME land. We’ve got our fair share of underperformers too, with 21 stocks ending up in the red for FY24. Tough break, folks.

Multibagger Stocks

Now, here’s where things get really interesting. Brace yourselves because a whopping 31 stocks have hit the coveted multibagger status, delivering returns of over 100%. That’s right, more than a third of the bunch have been knocking it out of the park! But hey, with great rewards come great risks, and not all investors have been so fortunate.

64% Multibagger Stocks gained between 100-200% Range

So, let’s crunch some numbers, shall we? Turns out, 64% of these multibagger stocks have seen returns in the 100-200% range, which is nothing to sneeze at. But there’s more! 10% of them have gone above and beyond, raking in returns of 200-300% and even 500-750%. Now that’s what I call hitting the jackpot! And for the lucky 16%, it’s been a wild ride with returns ranging between 300-500%.

Now, I know what you’re thinking: “Is investing in SME stocks worth the risk?” Well, my friend, that’s a question only you can answer. So, spill the beans! Do you have a favorite SME stock in your portfolio? And what are your thoughts on the risk factor? Share your thoughts in the comments below and let’s keep this conversation rolling!

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. 
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