5 Stocks That Gained Over 100% In 7 Months While Nifty Held Almost Steady At 17400

Indices in trade on April 20, 2022 on improved global cues notched levels of close to 17400 on the Nifty and similar were the levels last seen seven months ago on September 20, 2021 when Nifty was at similar levels.

So, as Nifty remains steady in the backdrop of multiple events globally such as the ongoing Ukraine-Russia which is extending only and the US Fed's call to aggressively taper its balance sheet and at the same time increase rates in order to curb the rising inflation that has scaled to 4-decade high.

Coming to the core topic, here are 5 stocks that during the same seven months period have garnered returns to the tune of over 100%.

BSE:

The monopoly stock during the same period moved from a price of Rs. 385.95 as on September 20, 2021 to Rs. 841.3 per share as on April 21, 2022. Since late of February to March even despite the market turmoil on account of the prevalent geo-political tensions,BSE zoomed heavily mainly on bonus share issuance. The company announced a bonus share issuance in the proportion of 2:1.

Furthermore, multibaggers return from the stock are attributed to the financial intermediary's good financial as well as operational performane. In the December quarter, the company posted 86% increase in net profit to Rs. 58.6 crore.

2. Adani Green:

In the seven months timeframe, the stock has registered gains to the tune of 148.5% surging from a price of Rs. 1311.15 to Rs. 2811.5 as on April 21, 2022.
In fact this is among the stocks that has gained the most in 2022 with year to date return of 116.7%.

Because of the clean energy focus, this renewable energy company has been soaring high but as technical suggests the stock is currently in an indecisive state.

 

3: GNFC:

Gujarat Narmada Fertilizers shares have been among the top performers return wise in 2022 with YTD return of 93% and in the period under review of 7 months has scaled from a price of Rs. 355.25 to Rs. 878.10 per share as on April 21, 2022.

The company has been gaining on the back of healthy financials with consolidated net profit more-than-doubling to Rs 540.78 crore from Rs 242.59 crore in the corresponding quarter of previous fiscal.

 

4. Bharat Dynamics:

This is another defence sector that has been a multibagger for the year 2022 with returns of 105%, while in the 7th months time it gained in price from Rs. 386.85 as on September 20, 2021 to last Rs. 767 as on April 21, 2022, implying return of 98%.

This stock is another a near multibagger stock over the period and has run up after the company signed an agreement with the Indian Army for the manufacture of Konkurs.

 

5. Sharda Cropchem:

The pesticides and agro chemical stock in the period under review i.e. since September 20 has gained from Rs. 330.9 as on the closing to Rs. 693.4 per share as on April 21, 2022. This is gain of 109%. On a YTD basis, the returns are over 131%.

The company on the back of record breaking Q3 financials posted decent gains and even saw gains despite the sell-off in the market then.