Five Companies That Doubled Their Share Price in Just Two Months

The Indian stock market has been a bit of a roller coaster ride in 2024. While the S&P BSE Sensex Index only went up 0.47% in the past two months, there’s been a lot of movement underneath the surface. This volatility is likely due to factors like the upcoming elections, which can make investors jittery.

Against this backdrop of market turbulence, the stock prices of the following five companies managed to defy the odds and doubled within this short period.

1. Tahmar Enterprises Ltd. (Formerly Sarda Papers Ltd.)
   

   Tahmar Enterprises Ltd, previously known as Sarda Papers Ltd, witnessed an astounding 220.21% increase in its stock price, rising from Rs 2.82 on March 13, 2024, to Rs 9.03 on May 14, 2024. The company transitioned its primary business from trading coated paper to the distillery industry, a strategic move that seems to have resonated well with investors.

2. Alphalogic Techsys Ltd.
   

   Alphalogic Techsys Ltd, a provider of IT services in mobile and web app development, UI/UX consulting, and business intelligence, saw its stock price soar by 219.13% during the same period. From Rs 77.1 on March 13, 2024, it surged to Rs 246.05 on May 14, 2024, reflecting investors’ confidence in the company’s growth potential in the tech sector.

3. Navkar Urbanstructure Ltd.
   

   Navkar Urbanstructure Ltd, engaged in infrastructure development and construction projects, experienced a remarkable 210.74% increase in its stock price. Starting at Rs 4.47 on March 13, 2024, it reached Rs 13.89 by May 14, 2024, underscoring investors’ optimism towards the company’s role in infrastructure development.

4. Vuenow Infratech Ltd. (Formerly Known as Good Value Irrigation Limited)
   

   Vuenow Infratech Ltd, previously known as Good Value Irrigation Limited, underwent a significant transformation as it plans its revival in the irrigation business. Despite operating at a lower level currently, the company witnessed a staggering 209.62% increase in its stock price. Starting at Rs 6.65 on March 13, 2024, it climbed to Rs 20.59 by May 14, 2024, hinting at investors’ anticipation of its rehabilitation plan.

5. Oswal Yarns Ltd.
   

   Oswal Yarns Ltd, primarily involved in manufacturing and trading knitted cloth, observed a remarkable 205.02% increase in its stock price. From Rs 8.17 on March 13, 2024, it surged to Rs 24.92 by May 14, 2024, reflecting investor confidence in the textile industry’s growth potential.

It’s important to note that stocks surging to this extent may be exploited by market operators, indicating that the above companies are small-sized businesses which are easy to manipulate. Investors should exercise caution and conduct thorough research before making investment decisions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.