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  4. Adani Transmission, Saregama India and five other stocks that have gained at least 500% in the last one year

Adani Transmission, Saregama India and five other stocks that have gained at least 500% in the last one year

Adani Transmission, Saregama India and five other stocks that have gained at least 500% in the last one year
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  • Sportking India and Nahar Spinning Mills are among textile manufacturing company stocks that have become multibaggers since pandemic hit the country.
  • Another company that benefited from the pandemic situation is Music Label Saregama India whose stock surged more than 600% in the last one year.
  • Here are stocks that have delivered more than 500% returns to investors in the last one year.
At a time when the Indian benchmark index Nifty 50 has gained 51% in the last one year, there are companies which not only doubled but multiplied investors' money as much as 16 times. Industries like textile, pharmaceuticals and IT created good wealth for investors in the recent time.

Here is a list of 7 stocks that rallied 500-1500% returns to investors in the last one year.

Sportking India: Up 1529% in one year

Sportking India: Up 1529% in one year
Sportking India

The small cap textile manufacturer has delivered strong quarterly performances in the last one year. It manufactures garments for Jockey, Zara, H&M, Marks & Spencer. As casual wear became a go-to option for many people in the lockdown, textile manufacturers benefited from it.

The net profit of the company jumped significantly to ₹79 crore in June quarter as compared to ₹36 lakh in the corresponding quarter last year.

Sportking India exports to 30 countries including Morocco, Egypt, Kenya, Brazil, US, Japan, Dubai. Also, it owns manufacturing facilities in Punjab and Himachal Pradesh and has over 100 retail garment stores across states.

Nahar Spinning Mills: Up 936%

Nahar Spinning Mills: Up 936%
BCCL

The small cap apparel maker has a market value of ₹1,453 crore. It manufactures woollen and cotton hosiery, knitwears and woollen textiles. The company's products i.e. T-Shirts are being exported to reputed international brands such as GAP, Arrow, Old Navy, Banana Republic, Chaps etc. it exports to Korea, US, UK, France, Taiwan, Hongkong, Peru and many other countries.

The robust performance in the stock is reflecting the consistent profitability of the company. It reported profit of ₹100 crore as compared to loss of ₹25 crore in June quarter last year.

Kwality Pharmaceuticals: Up 913% in one year

Kwality Pharmaceuticals: Up 913% in one year
BCCL

Punjab based pharmaceutical company stock has given exemplary returns to investors as it has been making good profits over the last one year.

The company’s net profit rose to ₹8.24 crore in June quarter from ₹3.85 crore in the corresponding quarter last year.

It is a prominent manufacturer and supplier of pharmaceutical formulations such as liquid orals, powder for oral suspension, tablets, capsules, sterile powder for injections, small volume injectables, ointments, external preparations, ORS, and many other products.

Saregama India: Up 672% in one year

Saregama India: Up 672% in one year
Saregama India

Kolkata based Saregama India is a small cap company in the media and entertainment industry with a market capitalization of ₹7,302 crore.

It reported a 73.4% jump in consolidated net profit at ₹27.33 crore for the June quarter, helped by increased consumption of content on digital media during the coronavirus-induced lockdown period.

Music label Saregama India reportedly has the largest library of sound recording and publishing copyrights of Indian music across 14 different languages. The company wants to capitalise on low internet data prices and increase in usage of smartphones which has also accelerated since pandemic.

Elecon Engineering: Up 518% in one year

Elecon Engineering: Up 518% in one year
Elecon Engineering

Anand, Gujarat-based small cap manufacturing company posted a net profit of ₹23.13 crore in June quarter as against net loss of ₹18.74 crore in June 2020 quarter.

It is said to be the first one to manufacture sophisticated equipment for bulk material handling and a product range that caters to almost every industrial sector in India. Its products target a range of industries, including steel rolling mills, wind turbines, marine applications and space applications.

The market cap of the company stood at ₹1,975 crore.

Rajratan Global Wire; up 506% in one year

Rajratan Global Wire; up 506% in one year
Rajratan Global Wire

Bead wire and steel wire manufacturers for automotive tyres in India, is investing ₹250 crore for capacity expansion in the next three years. Also, it announced plans to set up a new plant in Chennai and expand the capacity of the plant in Thailand.

Post this expansion (expected by end FY22), the company said it will become the second largest bead wire manufacturer in Asia outside China with a combined capacity of 120,000 tonnes per annum (for bead wire). Net profit of the company rose 1228% to ₹21.92 crore in June quarter from ₹ 1.65 crore in June 2020.

Despite FY22 starting off on a challenging note led by an impact from the second wave of Covid-19, the company has delivered strong performance and growth. This was primarily driven by strong demand from tyre makers, both in India and abroad.

Adani Transmission: Up 631% in one year

Adani Transmission: Up 631% in one year
BCCL

The electricity distributor is the first Adani Group company to cross ₹2 lakh crore (nearly $28 billion) mark in terms of market capitalisation. It is said to be one of the largest private sector power transmission companies in India with a presence across the western, northern and central regions of India.

The company’s stocks have been rising more on speculation than company developments. In May 2021, CLSA had reportedly dropped coverage on the company saying that the stock is driven by speculation and not because the trading volumes are huge, which would reflect interest from a large number of investors. The stock has risen by 7% since then.

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