Since April 2022, 23 stocks on SME exchanges rallied over 100 per cent since April 2022, when the focus was on the wild swings of the benchmark equity indexes. A slew of factors like sustained outflows by foreign institutional investors, a hike in interest rates by global central banks and the ongoing war between Russia and Ukraine kept the market sentiment cautious.
Cool Caps Industries was the top gainer on the NSE Emerge platform in FY 23 with a rally of 1,100 per cent. The company's shares went up to Rs 502.15 on March 24, 2023, from Rs 41.85 on March 31, 2022. The company is involved in the business of caps and closures catering to the packaged drinking water and carbonated soft drink industry. You need to invest a minimum of 1 lakh in SME stocks. According to Zeroda s trading platform Kite, an investor requires around 1.25 lakh to invest in Cool Caps Industries at the current market price, as the stock trades in a lot of 250 shares.
The next wealth creator is Growington Ventures, which is listed on the BSE SME Platform. The company's shares went up 932 per cent to Rs 99.85 during the period from March 24, 2023 to March 24th, 2023. The BSE Smallcap index has cracked 5 per cent so far in FY 23.
Naysaa Securities increased by 865 per cent Captain Pipes, up 668 per cent RMC Switchgears up 575 per cent and Empyrean Cashews up 548 per cent on SME exchanges in the current financial year. Market watchers say that SMEs are early-stage companies that carry higher risk due to lower liquidity.
The data available with Ace Equity also highlighted that other SME stocks like A And M Jumbo Bags, Solex Energy, Filtra Consultants and Engineers, Achyut Healthcare, Atam Valves, Captain Technocast, Maruti Interior Products, Clara Industries, Evans Electric, Affordable Robotic Automation, Network People Services Technologies, Bombay Metrics Supply Chain, A And M Jumbo Bags, Atal Realtech and Foce India also gained between 100 per cent and 255 per cent in FY 23.