New Delhi: The BSE Sensex finally crossed its previous record high in the last trading week and on Friday it rose 374.71 points to reach 52,474.76. Whereas at the end of the week, Nifty 50 closed 129.10 points higher at 15,799.35. The BSE Midcap index gained 2 per cent and Smallcap by 3.5 per cent. Last week, except banks and capital goods, all sectoral indices saw good buying. IT, FMCG, Healthcare, Metals and Infrastructure were at the forefront. Meanwhile, there were 5 stocks that gave investors more than 89 percent returns last week.
KM Sugar Mills
KM Sugar Mills is a small company. Its market cap is currently Rs 339.48 crore. The stock rose 89.23 per cent in 5 trading sessions last week. This stock rose from Rs 19.5 to Rs 36.90 in 5 days. On Friday, it closed at Rs 36.90 with a gain of 10 per cent. With an 89.23 per cent return, the investors’ Rs 1 lakh would have crossed Rs 1.89 lakh. However, always before investing in the stock market keep in mind that investing in the shares of a small company carries a lot of risk.
California Software also made huge profits for investors last week. The share of this company rose from Rs 9.99 to Rs 16.75. In this way, investors got a return of 67.67 percent from the shares of the company. The market cap of this company is Rs 25.95 crore. 67.67 percent return in 5 days is many times higher and better than options like FD. On Friday, the stock closed at Rs 16.79 with a gain of more than 9 per cent.
Bedmutha Industries was also ahead in terms of giving returns. The stock gave 61.73 per cent return last week. Its stock jumped from Rs 23.65 to Rs 38.25. That is, investors got 61,73 percent return from this stock. The market cap of this company is Rs 124.86 crores. On Friday, the stock closed at Rs 38.7 with a gain of more than 3 per cent.
RS Software also gave very strong returns to investors last week. Its stock jumped from Rs 28.45 to Rs 45.15. Investors got a return of 58.7 per cent from this stock. The market cap of this company is Rs 116.07 crores. On Friday, the stock closed at Rs 45.15 with a gain of more than 19 per cent.
White Organic also filled the bag of investors last week. Its stock jumped from Rs 41.90 to Rs 66.30. That is, investors got a return of 58.70 percent from this stock. The market cap of this company is Rs 41.23 crore. On Friday, the stock closed at Rs 11.78 with a weakness of about 5 per cent. Many things can give momentum to the stock market next week. These include some upcoming IPOs, economic data points, foreign investment and declining corona cases.