There has been remarkable resilience in the Indian equities and for the week ended June 19, 2020, Sensex and Nifty rallied 2.8% and 2.7%. Furthermore, what outperformed was the small cap space with gains of 3.6%.
So, while the coronavirus and consequent lockdown brought huge financial dislocation there are stocks from the small, mid-cap space as also the penny stocks that have huge gains to their investors to the tune of up to scintillating 850%. Here is the list:
1. Alok Industries:
After the company has been well taken over by RIL as the major stakeholder with holding of 83.33 crore equity shares and since the lockdown lows struck in March, the company has provided 850% return. The company is into textiles and has come out of insolvency proceedings. On June 19, 2020, the stock closed at Rs. 37.95 on the BSE.
2. Andhra Cement:
From the lows of Rs. 1.45 hit on March 16, the stock on June 19 struck 52-week high price of Rs. 7.35 per share, a 400% jump in share price. It is to be noted that demand from cement is now making a come-back from the government projects as also from rural and semi-urban areas.
3. Adani Green:
Amid the backdrop that the company is considering fund raising to the tune of $12 billion in the next 4-5 years, the stock has jumped a huge 258% and meaning to say that in a span of just 1 year your Rs. 1 lakh are now worth Rs. 9.5 lakh. The company is working on becoming the largest renewable energy player globally. On June 19, 2020, the stock closed at a price of Rs. 414 on the BSE, while during the day it made a 52-week high price of Rs. 420.60 per share.