Within largecaps, top gainers include Bharat Heavy Electricals (206%), REC (270%), Power Finance Corporation (191%), Trent (194%), Zomato (217%) and Adani Green Energy (199%).
The stock of Kalyan Jewellers has been in an uptrend for the past two years. It advanced more than 8% in a week and over 20% in a month. It has risen more than 60% in the last six months. In terms of price action, it is trading well above most of the crucial short- and long-term moving averages such as 5, 10, 30, 50, 100 and 200-DMA, which is a positive sign for the bulls.
India Inc's December quarter earnings showed weakening profit momentum at an overall level but we filtered out a list of 16 smallcap companies which reported over 100% growth in sales and profit on a YoY basis. Waaree Renewable Technologies, Advait Infratech, Cressanda Railway Solutions, and Swelect Energy Systems were among the top performers. 14 out of 16 of these stocks have already given multibagger returns in last one year.
South Indian Bank's stock witnessed a significant rebound in recent years, with a 375% increase in price since June 2022. The new management's focus on quality lending resulted in strong financial performance, including a 197% rise in standalone net profit in Q3 FY24.
In every year since CY20, the stock has delivered a multi-bagger return. In CY20, CY21, and CY22, the stock generated returns of 194%, 247%, and 110.24%, respectively. In the recently concluded CY23, the stock achieved an impressive return of 382%.
In just over three months, Swan Energy's shares skyrocketed from ₹120 to ₹742, marking a remarkable 518% surge, driven predominantly by a 160% rally in the last five months.