Stocks to watch today, August 12, 2024: GIFT Nifty indicates a negative start for the benchmark equity indices on Monday. Here is the list of buzzing stocks to watch during today's trading session
Net Sales at Rs 8.27 crore in September 2022 down 6% from Rs. 8.80 crore in September 2021.
Quarterly Net Profit at Rs. 0.12 crore in September 2022 down 98.29...
Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.
The data available on AceEquity suggests that as many as 150 penny stocks have scripted a 'rags to riches story', rallying up to 1,700 per cent in the last six months. Meanwhile, Sensex has corrected about 6 per cent in the same period from its 52-week high of 62,245 touched on October 19.
A general trend is that most of the multibaggers in the list are from smallcap space, where there is more room for them to grow. Among better-known names that have surged multifold in the period are NDTV, DB Realty, Ugar Sugar Works, Triveni Glass and Gujarat Mineral Development Corporation.
Read more about Several BSE-listed microcap stocks turn multibagger since start of 2022 on Business Standard. At a time when the weak broader market subdued the Indian equity market consistently, several stocks on the BSE turned multibagger since the start of the calendar year 2022.
Shares of Tranway Technologies, Triveni Glass, Orosil Smiths, Kellton Tech, BCL Enterprises, Ruttonsha International Rectifier, Tinna Rubber and Infra, Shanti Educational and Zodiac Energy have jumped between 100-145 per cent during the period under review.