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Microcap stock Nidhi Granites has given multifold returns to its investors in the last 1 year. The stock has skyrocketed around 333 percent in this period from ₹68.21 in April 2023 to currently trade at its record high ₹295.15.
The Nifty Microcap 250 index has surged over 100% in FY24, while during the same period, the Nifty50 index has gained 27%. It's noteworthy to know that 96 out of the 250 stocks in the microcap index have become multibaggers in FY24, and in fact, 192 stocks have outperformed the Nifty Microcap index during this time frame.
While these securities can be legitimate investments, they're also high-risk, so approach them with caution.
Hazoor Multi Projects is reaping the benefits of a heavy order book, which has drawn the attention of foreign investors to the stock
Kaycee Industries posted its earnings for the September quarter on 1 November. Operating margins remained stable in the double digits, and the company clocked marginal growth in its top line and bottom line