The Economic Times daily newspaper is available online now.

    5 stocks defy gravity, rally up to 600% in just 150 days

    Synopsis

    The last five months in particular turned highly volatile for domestic stocks.

    Rise-gain---GettyGetty Images
    Five little-known companies had their own designs as they rallied as much as 610 per cent during August 17 last year to January 18 this year.
    NEW DELHI: Manifold returns in a matter of just five months are a stuff dreams are made up of, you could say. But that's a reality as Dalal Street threw up such opportunities recently despite a roller-coaster 2018.

    The last five months in particular turned highly volatile for domestic stocks on sudden spike in oil prices, default by a leading NBFC player, the rupee trajectory and uncertainties that engulfed state elections.

    But five little-known companies had their own designs as they rallied as much as 610 per cent during August 17 last year to January 18 this year.

    BSE Sensex and Smallcap indices came off 4.10 per cent and 14 per cent, respectively, during this period.

    We run you through the stocks that defied the trend and delivered big in just five months.

    Mishtann Foods

    Mishtann Foods

    If you invested just Rs 10,000 in Mishtann Foods in August last year, you could have had over Rs 70,000 at the moment. Shares of Ahmedabad-based retailer of Basmati Rice and Wheat rallied to Rs 33, from Rs 4.60 earlier. For the September quarter, the company posted net profit of Rs 2.90 crore as against Rs 0.70 crore in the same quarter last year. The company is yet to announce its financial results for the three months to December.

    Apoorva Leasing Finance and Investment Company

    Apoorva Leasing

    The scrip shot up 448 per cent to Rs 18.40 from Rs 3.40 during the same period. The company is into the business of investing in financial instruments, including equity, debentures, bond, mutual funds and the like. It registered a net profit of Rs 1.20 crore in Q2 FY19 over Rs 0.70 crore in year-ago period.

    Quantum Build-Tech

    Quantum Build Tech

    The scrip multiplied investors' wealth by over 5 times during the past five months. Shares of Quantum Build-Tech jumped to Rs 11.40, from Rs 2.2 on August 17 last year. Formerly known as Quantum Softech, Quantum Build-Tech initially developed a few financial applications and exported these to the US and Europe, but could not sustain during the recession in 2001-03.

    Present promoters Punukollu Kodanda Rambabu and Kodali Vijayarani have taken over the management control from the old ones by acquiring their shareholding in the company through Sebi takeover guidelines. These promoters have implemented construction projects, apart from continuing software development and allied activities.

    Vikas Proppant & Granite

    Vikas Proppant

    Shares of Vikas Proppant & Granite climbed 325 per cent to Rs 4.70, from Rs 1.10, during the said window. The manufacturer of guar gum powder posted a net profit of Rs 11.90 crore for July-September as against net loss of Rs 0.70 crore in the same period last year. It's also involved in grading of guar splits and its derivatives and offers its products under the ADICOL name.

    Coastal Corporation

    Coastal Corporation

    Coastal Corporation, which was incorporated in 1981 and has business dealings in aquaculture, rallied over 350 per cent during the past five months, to Rs 338.10 from Rs 74.80. It posted 183 per cent year-on-year rise in net profit at Rs 16.50 crore in Q2 FY19 over Rs 5.80 crore in Q2 FY18.

    (Disclaimer: Stocks mentioned in the article are for information purpose only. Market participants should consult their financial advisors before taking any positions.)



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in