A rally has been seen in the mid cap and small cap stocks in the stock market this year. So far, the Nifty 50 has gained only 3 per cent this year, while the situation is completely different in mid-cap and small-cap. In the case of these small and medium companies, every other stock has jumped more than 10 percent this year.
rally in mid cap and small cap
This year has proved to be great for mid-caps and small-caps in such a way that during the last six months of 2023, about 100 stocks have gained more than 50 per cent. At the same time, there is no dearth of such stocks, which have doubled their investors’ money by giving strong returns. We are going to tell you about 12 such stocks…
Shares giving up to 200% returns
IT company Aurionpro Solutions is at the top of this list. This stock has shown a gain of about 200 per cent since January. After this, Nucleus Software of the IT sector is on the second number, which has given a return of about 172 percent so far this year. During this period, stocks like Ddev Plastiks Industries, WPIL and Manaksia have gained 127 to 154 per cent.
These stocks doubled their money in 6 months
Jindal Saw Limited, Waaree Renewable Technologies, Zen Technologies, Titagarh Railsystems, Tanfac Industries, Kaynes Technology, JBM Group ( JBM Group) and Datamatics Global Services have also given more than 100 percent returns in 2023 so far. This means that these stocks have at least doubled their investors’ money in 2023.
This stock on the verge of becoming a multibagger
Talking about other stocks in mid cap and small cap category, M/s Bectors Food Specialties, Precision Camshafts, Zensar Technologies, Cyient, Rail Vikas Nigam Limited (Rail Vikas Nigam), Kirloskar Brothers, PTC Industries, Safari Industries and Sonata Software have shown gains ranging from 75 per cent to 100 per cent.
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