Since the March world over mayhem seen in stock markets globally Indian indices, there is no stopping and no looking back. Nifty though currently is seeing some consolidation in a range it will pick up momentum though the last 18 months gains shall not transpire in even 36 months as iterated by Kotak AMC's Mr. Nilesh Shah.
Further as per him, realty and realty ancillaries shall be seeing good upturn going forward given a host of favourables low rate, need for bigger homes amid work from home regime etc. Notably, the best way forward shall be to pick quality stocks for long term. And in fact there is viewed that we will see a shift from investment into high P/E to low P/E stocks. Here we have taken precisely small cap stocks that have turned multibagger in the last one year:
1. Radhe Developers:
This penny realty stock just a year back quoted at a price of Rs. 9 per share and now trades at Rs. 200.3, offering 2132 percent in just 1-year time frame.
The construction and contracting-housing firm is based out of Gujarat and offers residential, commercial, weekend homes & plotted projects.It has niche in various aspects like Design, Sustainability & Customer Satisfaction .The Group is currently developing an estimated million sq ft of prime real estate development and has 3 ongoing projects across Ahmedabad.
The stock's current m-cap is Rs. 504 crore.
2. Parsvnath Developers:
The stock of Parsvnath Developers gained 657 percent in the last one year. Its year to date return have been 256 percent.
In the previous June ended quarter the company's sales grew 60 percent year on year to Rs. 16 crore. The company however posted net loss of Rs. 35.87 crore during the quarter, which reduced sequentially.
The stock saw a number of positives in the ongoing fiscal year including release of pledged shares, promoter buying the scrip. As of September 2021 quarter, the promoter stake in the firm has remained constant and increased from March to 69.14 percent.
3. Anant Raj:
Previously referred as Anant Raj Industries is a Delhi-based construction & development company formed in early 1970s.. It is also one of the largest Land Bank / Property Owners of Delhi NCR. Its Businesses include:
• Residential Townships, Group Housings
• Commercial Developments
• IT Parks
• Malls / Office Complexes
• Affordable Housings
• Data Centers
• Hospitality / Serviced Apartments.
The company stock in the last one year has surged 318% while its YTD returns have been to the tune of 177%. The company's latest m-cap stood at Rs.2213 crore.
4. PNC Infratech:
The stock quoting at a price of Rs. 337 has recorded a surge of 102 percent in the last 1-year. It is one of the premium construction company into the area of construction of highways, runways, bridges, flyovers, power transmission lines. Also the company is a ISO 9001:2008 certified company for its well defined quality system. The company has carried out the construction of high-value EPC turnkey projects.
Besides there are other small cap stocks from the space including Indiabulls Real Estate, Purvankara, Ajmera Realty, Vascon, Hubtown and Dhrun Consultancy that have reaped multibagger returns during the time frame.
Here the list has been collated only to provide the scale to which the realty stocks particularly small caps have rallied during the period. Readers should not construe it to be a call for buying in these shares.