Do you own these four small caps that doubled in 2022 so far?

Do you own these four small caps that doubled in 2022 so far?

by 5paisa Research Team Last Updated: May 19, 2022, 05:11 PM IST

The global markets are in turmoil even as analysts and economists predict a US recession amid rising inflation. A stagflationary situation is what is concerning the majority of investors in the western markets.

Tech heavy index NASDAQ is down by 27%, Small Cap 2000 index is weaker by 21%, S&P 500 has slipped by 18%, Shanghai is in red by 15%, Hang Seng tumbled by 14% and DJIA has lost almost 13.34% of its weight in 2022 so far. The Indian benchmark indices have outperformed when compared to the major global indices. BSE Sensex is down by 9% and NIFTY by 8.81%. Interestingly the banks have outperformed key benchmark indices in 2022 so far. Nifty Bank is down by 6 % in 2022 so far.

While there are few stocks such as ITC, Roto Pumps and Chennai Petro which are making a fresh 52-week high for themselves in the down market trend, we have identified four smallcap stocks that have more than doubled investor wealth in 2022 so far.

BSE Smallcap index is down by 13.44% and BSE Midcap index is down by 12.58% in 2022 so far. In such bearish conditions, several small caps are seen creating wealth for the investors.

Some of the small caps that are catching investors’ attention are GSS Infotech, Commercial Engg, De Nora India, Zenith Birla, Kanani Industries and Nava Bharat Ventures. These trending stocks are trading at fresh 52-week highs when overall the markets are trading deep into the red.

While there are few stocks such as ITC, Roto Pumps and Chennai Petro which are also making a fresh 52-week high for themselves in the down-market trend, we have identified four small cap stocks that have more than doubled investor wealth in 2022 so far.

Here is the list of four small cap stocks that more than doubled the wealth of its shareholders.

Sr No. 

Company Name 

Latest Market Cap (Rs crore) 

Returns from January 1, 2022 to May 18, 2022 (%) 

Chennai Petroleum Corporation Ltd 

4668.37 

205.56 

Gujarat Mineral Development Corporation Ltd 

5758.98 

146.06 

Vadilal Industries Ltd 

1397.57 

113.74 

Mangalore Refinery And Petrochemicals Ltd 

15641.94 

106.84 

 

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SENSEX
52,907.93
-111.01 (-0.21%)
Nifty 50
15,752.05
-28.20 (-0.18%)
Nifty Bank
33,539.45
114.35 (0.34%)

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