The global markets have been soaring over the past few weeks. Still, despite the global bearish sentiments, the Indian markets are showing little signs of downfall and making positive moves consistently. In the positive market sentiment, many stocks have seen new highs and are on their way to a new high. Investors are searching for stocks with strong momentum to the upside to taking profits.
So, here are 3 Stocks that have given robust returns in the previous month and are in strong upside momentum.
Tata Investment Corporation Ltd.
Tata Investment Corporation Ltd is a mid-cap investment company that is part of the Tata Group. The company invests in unlisted and listed equity shares, mutual funds, debt instruments, and much more.
This Tata stock has been hitting new highs and moving to the upside with huge momentum. The current market capitalization of the stock is Rs. 12,824 Crores, with a current market price of Rs. 2,532. The company has given a good return of over 97.18% in one year; however, in one month, the stock has given whopping returns of over 69.07%.
Jai Corp Ltd.
Jai Corp Ltd is a small-cap company that is a part of the metal sector in India. The company manufactures steel, Spinning yarn, and Plastic Processing. The company is also involved in the Development of Buildings and Land and investment advisory services.
The stock's current market price is Rs. 192, and the stock's market price on 22 August was Rs.126. In the previous month, the stock had given robust returns of over 52%; over one year, the stock gave 46.74% returns.
Mazagon Dock Shipbuilders Ltd.
Mazagon Dock Shipbuilders Ltd. is a leading shipbuilding company in India. It specializes in building and repairing submarines, ships, and other types of vessels for various local and international clients. It was established in 1934 as a private corporation and was taken over by the Indian government in 1960.
The stock of Mazagon Dock Shipbuilders is currently trading at Rs. 460.15, and in one month, the stock has given returns of over 51.32%.