According to recent reports, as many as 26 companies have given over 100% returns in the last month. While there are no guarantees in the stock market, investing in equities with discipline and intensive research can help individuals build wealth and fulfill their investment goals.
One sector that has shown strong growth recently is the textile, apparel & accessories sector, with Cityman Ltd being a notable example. Its stock has risen 152% in the last 30 days, hitting an all-time high of Rs 47.72 on April 28, 2023. Additionally, its quarterly net profit grew 5,743.7% YoY to Rs 3.3 crore, which is an impressive growth rate compared to the sector average net profit growth YoY for the quarter of -73%.
Another company that has experienced significant growth is Srivasavi Adhesive Tapes, with its stock giving 111.3% returns in the last month. The company, established in 2010, is listed on the SME board on the NSE and is one of the notable names in manufacturing, trading, and exporting a range of adhesive tapes and foams.
Pulsar International has also seen a meteoric rise, with its stock jumping 5,134% from its 52-week low of Rs 2.07 on May 5, 2022, to Rs 108.34 as of April 28, 2023. The company belongs to the commodity trading & distribution industry.
Maagh Advertising and Marketing Services, which belongs to the advertising & media agencies industry, has given 106.3% returns in the last 30 days. The company creates and executes advertising campaigns across various media to help businesses and brands grow.
Lastly, Ranjeet Mechatronics Ltd, which belongs to the construction & engineering industry, has seen a 103% jump in its stock price over the last 30 days. Rakesh Vallabhbhai Swadia is the promoter of the company.
It’s worth noting that the above stock list is not a recommendation. It’s important for investors to consult with their investment advisers before making any financial decisions.
