With the Nifty 50 crossing the 10,200 mark on Monday, another hit on the bourses was the BSE Small Cap Index that hit record highs. With returns upto from 32% or 12 times from some of the stocks in the index, some scrips even managed to offer stupendous returns of over 1000% as in the case India Bulls Ventures.

As per First Global Sharma, Indian small caps are the best place to park in money. And this has been timed and again confirmed by him. In an interview to news channel Sharma said, "The small-caps have just barely cleared their 2008 highs. I think 2008 high was taken out three months back. So it is not as if it is a jaded or a tired bull market. The bull market and small-caps is still very, very young. In fact, it has just kind of started because you were here in 2008, you fell all the way here, you went back to 2008 and now you have just taken out. We will talk a bubble when it is doubled from here not when it has just reached a level of 10 years back".

1. IndiaBulls Ventures: Listed in the year 2008, the brokerage company managed to offer overwhelming returns of 1274% so far this year.

As said by the company, the scrip is gaining a premium owing to its presence now in the consumer lending business. On the business outlook of the company, a credit analyst with the BWR said, "The entire investor expectation is riding on the higher returns a non-bank finance company earns, compared to low margin, fee-based incomes that research, advisory and brokering firms typically make."

The scrip was last seen trading at Rs. 296 on the BSE

2. HEG : Since the beginning of this year, the two-grade graphite electrode manufacturer offered high gains to the tune of 750%. The LTP for the stock stood at Rs. 1296 on the BSE.

3. Graphite India: The company into the engineering sector has also offered stupendous returns of as much as 525% this year. The stock was last seen trading at Rs. 444.

4. Avanti Feeds: Up by over 400% this year, the frozen shrimp exporter has bagged gains to the tune of 7000% in a matter of 5 years time when the benchmark Sensex yielded 103% in return. ts.

"Avanti Feeds is expected to see continuous growth as it is a market leader in shrimp feeds business and will cater to the ever-increasing demand globally," said an analyst.

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