These stocks below Rs 100 doubled in less than seven months!

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These stocks below Rs 100 doubled in less than seven months!

Sensex was trading with decent gains of 184 points in the mid-morning session at 55,582 points. Likewise, Nifty 50 was spotted in the green territory with an increase of 57 points at a level of 16,577.

Sensex was trading with decent gains of 184 points in the mid-morning session at 55,582 points. Likewise, Nifty 50 was spotted in the green territory with an increase of 57 points at a level of 16,577. The market breadth is strong as 1,977 shares advanced whereas 1,160 shares declined on Sensex. Around 80 stocks touched a new 52-week high while only 19 stocks made a fresh 52-week low.   

  

The ongoing Russia-Ukraine conflict, rising interest rates, and the concerns of a recession contributed to a sell-off that has been going on in the global stock market for more than a fortnight. However, despite this geopolitical unrest, several stocks on the secondary market in India have been able to provide outstanding returns to their shareholders. The money of stockholders has actually doubled during the past seven months.  

Investing is a long-term game. One needs a healthy appetite for risk as well as a lot of patience in order to generate profitable returns. Additionally, picking the correct growth stocks is crucial. These organisations have profited from a strong order book position and promising order intake prospects.  

 

The following is a list of low-priced stocks that have more than doubled in a short period of time:

 

Sr.No 

Company Name 

Sector 

Price on Jan 3, 2022 

Latest Price 

YTD Returns 

Shanti Educational Initiatives Ltd

Education & Training 

99.95 

1055.05 

955.58 

Magellanic Cloud Ltd

Finance 

75.45 

371 

391.72 

Axita Cotton Ltd

Textile 

85.03 

260.7 

206.59 

Megastar Foods Ltd

FMCG 

56 

170.3 

204.11 

Parshva Enterprises Ltd

Trading 

56.46 

159.6 

182.68 

Vistar Amar Ltd

Trading 

74.55 

206.5 

177 

Lords Chloro Alkali Ltd

Chemicals 

64.5 

171.8 

166.36 

Ritco Logistics Ltd

Logistics 

51.15 

134.75 

163.44 

Shish Industries Ltd

Plastic Products 

74.4 

195.5 

162.77 

10 

BLS International Services Ltd

Miscellaneous 

95.15 

238.6 

150.76 

11 

Sadhana Nitro Chem Ltd

Chemicals 

57.85 

127 

119.53 

12 

Chennai Ferrous Industries Ltd

Iron & Steel 

100 

215.35 

115.35 

13 

Virat Industries Ltd

Textile 

92.3 

198.15 

114.68 

14 

Shukra Pharmaceuticals Ltd

Healthcare 

84.95 

173.7 

104.47 

15 

Mahalaxmi Rubtech Ltd

Textile 

69.2 

139.4 

101.45 

16 

Gujarat Mineral Development Corporation Ltd 

Mining 

73.75 

148.2 

100.95