4 Stocks That Doubled Investors’ Money in Less Than a Month

The Indian stock market has experienced a turbulent April, with fluctuations driven by various news events. Initial relief from geopolitical tensions was soon overshadowed by reports of slower economic growth in the U.S., where the economy expanded at its slowest pace since the second quarter of the previous year. Adding to the concern, rising inflation led to fears of stagflation, a term dreaded by central bankers.

Amidst these developments, four stocks defied the broader market trend, delivering over 100% returns to investors in less than a month. Let’s take a look at these multibagger stocks:

1. Navkar Urbanstructure Ltd 

Navkar Urbanstructure’s stock price surged by 173.4% from its closing price in March. On Friday, the stock hit its upper circuit limit of 5%, closing at Rs 11.78 per share on the BSE. The stock has consistently reached its upper circuit limit since the start of the month. The company is involved in infrastructure activities, such as supplying RCC pipes, and is expanding its commercial reach by participating in various government tenders.

2. KP Green Engineering Ltd

KP Green Engineering specializes in the manufacturing of fabricated and hot-dip galvanized steel products. Their product line includes lattice tower structures, substation structures, solar module mounting structures, cable trays, earthing strips, and beam crash barriers. The stock made its debut on the BSE SME on March 22, 2024, at Rs 200 against a final issue price of Rs 144. It has since risen by 131% from the previous month’s closing price, effectively doubling investors’ money in a short period.

3. Setco Automotive Ltd

Setco Automotive, a penny stock, locked at an upper circuit limit of 5% on Friday, closing at Rs 12.83 per share on the BSE. The trading volume reached 79,157 shares, with the stock at its 52-week high. Since March, the stock has increased by 106.60%, doubling investors’ returns. The company manufactures clutch products, systems, and hydraulics (pressure converters).

4. Piccadily Agro Industries Ltd

Piccadily Agro Industries is India’s largest independent manufacturer and seller of malt spirits, also producing ethanol, extra neutral alcohol (ENA), CO2, and white crystal sugar. Known for its award-winning Indri Whisky, the stock price has doubled since March, reaching its 52-week high, and was locked in an upper circuit for the tenth consecutive session on Friday. The company’s net profit for the fourth quarter of FY24 skyrocketed to ₹43.02 crore.

Despite the broader market’s volatility, these four stocks have provided investors with remarkable returns.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.