Eight microcap stocks rally 21 times

Kaiser Corporation, S&T Corporation, Alliance Integrated Metaliks and Hemang Resources are among eight microcap stocks that left investors scratching their heads as the stocks soared up to 21 times or 2,000 per cent in 2022, defying gravity. The eight stocks had a combined market value of not more than 100 crore at the beginning of the year. According to the data from AceEquity's corporate database, they have a combined m-cap of up to 1,850 crore.

Penny stock of Kaiser Corporation rallied 1,987. From mere Rs 2.79 apiece on December 31, to Rs 58.25 a piece level, the 81 per cent or 21 times went up on December 31. The company is involved in printing and printing mainly for small and medium corporate companies.

The stock of Penny Hemang Resources increased by 1,731 per cent or 18.3 times to Rs 74.71 from Rs 3.09 level. The company is engaged in the trading of imported coal, Meghalaya coal and indigenous coal.

The penny stock Alliance Integrated Metaliks rallied from Rs 2.71 a piece to Rs 41.90 a piece, up 1,448. 98 per cent. Alliance Integrated Metaliks is engaged in the manufacturing of steel with a concentration in the manufacturing of specialty steel and alloy products.

The shares of S&T Corporation, a tour operator, rallied 1,425 per cent or 15.25 times to Rs 332.60 level from Rs 21.80 level. This company offers a wide variety of domestic and international tours for individual travelers and groups. It also develops real estate projects.

RMC Switchgears, a maker of energy meters, increased by 1,136 per cent or 12.36 times to Rs 288 from Rs 23.30 level. The company offers junction boxes, feeder pillars and othjer power distribution and circuit protection switchgears.

KBS India, Sejal Glass and IFL Enterprises were three other stocks that have rallied over 1000 per cent so far this calendar. KSB India offers wealth management services. Sejal Glass offers value added glass for exterior and interior applications, including decorative glass. The company also entered the finance and insurance broking business.