A list of five Nifty small-cap stocks has emerged as multi-baggers with gains of more than 100% since last Diwali.
As per Motilal Oswal report from November 21 to October 22, the reason behind India’s outperformance was the strong corporate earnings of 24% CAGR during FY20-22
Lets dive into the stocks
They are India’s leading producers of fertilizers and industrial chemicals. The stock has grown nearly 157% on NSE.
Deepak Fertilizers & Petrochemicals Corporation:
It is an agribusiness and bio-energy company who trade, produce and refine sugar. The stock has soared by 140.37% since last Diwali
Shree Renuka Sugars
They are global leaders in providing sustainable compressed air solutions for a variety of industry applications. In a year. The stock has made a jump of 152%.
Elgi Equipments
The company is a global partner to the automotive and mobility ecosystem for making software-defined vehicles. Since last year, the stock has advanced by 137%.
KPIT Technologies
They manufacture and supply various missiles and allied equipment for Indian Armed Forces. The stock has climbed by over 158% on NSE as of now.