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On December 31, 2021 the BSE Sensex ended the year 2021 at 58,254 and now in 3 trading weeks into the new year while the index has advanced 1.3% to 59,037 levels, some of the scrips/stocks from the index, largely micro and small caps have delivered multibagger returns. Few of them scaling or logging such high returns following consecutive days’ of hitting upper circuit limit.
Below are mentioned such stocks that owing to positive momentum in them for no clear reasons surprised as well as puzzled investors.
KIFS Financial:
The small cap scrip from the finance sector in the previous trading session was locked in 5% upper circuit at Rs. 133.4 per share. The price of the share as on December 31, 2021 was at Rs. 43.5, logging gains to the tune of 207% so far in 2022.
The company is an NBFC registered with RBI under the ‘loan company’ category and is a subsidiary of KIFS Securities Ltd.- A Khandwala Integrated Venture based out of Ahmedabad, which is the flagship entity of the Khandwala group.The group is into the business of Stock & Commodities Broking, Arbitrage, Depository Services and Portfolio Management.
In the September ended quarter of Fy22, the company’s net profit stood at Rs. 1.38 crore as against Rs. 0.56 crore in the same quarter in the previous year. The company’s net profit in the June quarter was at Rs. 0.91 crore. Operating income at the company has registered a 3 years CAGR of 51.25%. Promoters shareholding is 74.41%.
AK Spintex:
This stock has zoomed from the price of Rs. 27.95 on December 31, 2021 to last trade at Rs. 84.9 per share on the BSE, giving 204% returns on a YTD basis. The company has clocked such high returns led by 15 straight sessions of upper circuit. As per the company there is no price sensitive development that is driving the rally in the stock.
To leverage the opportunities in the textile space in the 1980s, AK Spintex began its operations in the area of fabric processing. Bhilwara-Rajasthan based company manufactures apparels, fashion accessories etc.
Daulat Securities:
Kolkata based Daulat Securities was incorporated in the year 1949. The company is into the stock broking business. In the previous session, the scrip hit an upper circuit limit of Rs. 52.9. The stock’s year to date return has been at 162%. The reason for the surge in the scrip is not known.
The company’s net profit for the period ending September of Fy 22 was at Rs. 0.8 crore as against Rs. 0.26 crore in the same period last year. Operating income at the firm registered a 3 years CAGR of 70.24%. Promoters shareholding in the firm is at over 54%. However the stock’s negatives include poor ROE track record of 0.69%, poor ROCE of 0.71% over the last 3-years.
3 BSE Stocks That Gave Multibagger Returns So Far In Cy 2022
| KIFS Financial | NBFC | 43.5 | 133.4 | 207 |
| AK Spintex | Textile | 27.95 | 84.9 | 204 |
| Daulat Securities | Finance | 20.2 | 52.9 | 162 |
Disclaimer:
The story is just for informational purpose and readers and investors should not construe it to be an advice or recommendation to buy into the listed scrips. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Neither the company nor the author will be liable for any losses caused as a result of decisions based on the article.
