According to Ace Equity Data, 98 smallcap stocks became multibaggers in the year 2024, out of which 7 stocks returned more than 250% to investors. These stocks have not only pushed the smallcap index to new highs, but have also given investors a chance to earn big.
Retail company V2 Retail has given tremendous returns to its investors in the year 2024. The company emerged strongly in the retail sector and set new records with outstanding performance. The company has given investors a return of 365% in 2024
Indo Tech Transformers Company is a company operating in the electrical transformer segment. Shares of the company witnessed a tremendous rally due to increase in industrial demand. Due to which investors have got good profit. The company has given 346% return in 2024.
Refex Industries performed well in the cooling and energy segments, due to which its stock continued to rise. The shares of this company have given good returns to its investors this year. The company has given a return of 311% in the year 2024.
The company, which specializes in engineering plastics, attracted investors with high customer demand and good performance. Its investors are very happy with the company's returns. Investors of Shaily Engineering Plastics Company have got 345% return in a year.
PC Jeweler in the jewelery segment showed strength with festive season demand contributing significantly to its growth. PC Jeweler Company has given 244% return in 2024.
This electronics manufacturing stock benefited from increased middle class demand and PG Electroplast Company has given investors 290% return in 2024.
Garware Hi-Tech Films, a leader in hi-tech films and industrial products, has been in the news for its new projects and technological innovations. The company has given 266% return to investors in the year 2024.
The 35% growth recorded in the BSE Smallcap index this year has made it clear that investor confidence in small and mid-sized companies is on the rise. According to market experts, smallcap stocks have not only shown stability but have also enriched investors' portfolios by giving high returns.
The year 2024 has made it clear that investing in smallcap stocks with proper strategy and research can yield better returns. However, investors should always invest with caution given the volatility of the market. Smallcap stocks will remain promising in the coming years, but investors will benefit only with proper selection and long-term thinking.
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