The stock market hasn’t seen much activity in the past six months. The Nifty rose a modest 5% and the Sensex rose a meager 4% during this period. However, four companies have made investors rich during this period, delivering returns of up to 298%.
New Delhi: Domestic stock markets have been trading in a narrow range for the past six months, with little movement. The Nifty rose marginally by 5% and the Sensex by 4%. However, the shares of some small and medium-sized companies have made investors rich during this period. These companies have attracted the attention of foreign portfolio investors (FPIs) due to their impressive performance. These companies have delivered returns of up to 298% in the past six months.
BGR Energy Systems Limited leads this list. This company manufactures machinery for the power and petrochemical sectors. Its stock has gained 298% in the past six months, rising from ₹101.88 to ₹406. FPIs’ stake in the company, which was just 0.01% in the June quarter, increased to 0.10% in the September quarter. On Friday, the company’s shares closed at ₹406, up 0.83%.
Explosive Returns
Soma Textiles & Industries Limited, a cotton trading company, has seen a massive 243% surge in its shares over the past six months. During this period, the company’s share price rose from ₹43.08 to ₹148.15. Foreign investors held no stake in the company in the June quarter, but they acquired a 0.05% stake in the September quarter. On Friday, the stock fell 4.97% to close at ₹148.15.
HBL Power Systems Limited, an engineering company, also delivered a 108% return over the past six months. Its share price rose from ₹468.85 to ₹976.80. This company manufactures batteries and defense electronics. Foreign investors held a 4.83% stake in the company in the first quarter, which increased to 7.10% in the second quarter. The stock closed at ₹976.80 on Friday, up 1.20%.
Multibagger Returns
Gujarat Mineral Development Corporation Limited (GMDC) also nearly doubled investors’ money in the last six months. Its share price rose from ₹301.65 to ₹600.20, a 98.97% increase. Foreign investors have increased their stake in the company, seeing its performance. Their stake in the company increased from 2.25% in the June quarter to 3.32% in the September quarter. On Friday, it rose 5.98% to ₹600.20.
