For the Indian Markets, 2022 proved to be a roller coaster ride. The benchmark indices reached new highs in the first few days of December, but they gradually stabilised and have since fallen by about 2% for the month.
The benchmark Nifty and Sensex are each up 6% year to date (YTD) in 2022.
India’s market attractiveness over medium to long term depends on manufacturing sector emerging as major engine of growth as rebound in private sector investment
“Among other things, India’s relative attractiveness over the medium to long term would depend on the manufacturing sector emerging as a major engine of growth (PLI and China + 1), as well as a rebound of the private sector investment cycle fueled by manufacturing sector growth. After a robust 40 percent increase in earnings in FY22, we anticipate that the Nifty-50 Index’s net profits will increase by 10% in FY23, 16.4% in FY24E, and 15.8% in FY25E. The Nifty50 index is currently trading at a PE of 22.1 times FY23E earnings, 19.1 times FY24E earnings, and 16.5 times FY25E earnings. Utilize market downturn opportunities to acquire quality equities (with appealing valuations) in order to maximise long-term investing returns, advised Kotak Institutional Equities in a note.
Also Read: Chanda Kochhar, ex CEO ICICI Bank arrested with her husband by CBI in loan fraud case
Inspite of Market volatility during the year, 6 stocks surge 345 percent
Despite the year’s high volatility, 6 stocks have increased by over 345 percent, providing remarkable profits. It’s crucial to remember that the majority of these are small-cap penny stocks. Despite the fact that investors have made big returns on those equities, it is important to exercise caution and diligence. These stocks are high-risk and can drastically decrease on any relevant news, despite the fact that they can offer excellent gains. Such stocks should only be purchased in extremely modest weightages by high-risk investors. Before making any changes to your portfolio, kindly contact with your financial advisor.
The issues with those stocks stem from the fact that they are very small businesses with scant analyst coverage, scant information in the public domain, and frequently unavailable management insights.
Star performers of 2022
Kaiser Group
Kaiser Corporation, a packaging company, saw a 1,935 percent increase in share price in 2022, rising from Rs 2.8 in December 2021 to almost Rs 57 now. Despite the stock’s high volatility in 2022, it produced multibagger gains in the first four months of the year, increasing 4.579 percent from January to April. Through its subsidiaries, Kaiser Corporation Limited offers turnkey project management and engineering services in India. Additionally, it has two business divisions: infrastructure projects and printing. Additionally, the business prints magazines, stationery, packaging materials, labels, and cartons. In November 2013, the business, which was originally known as Kaiser Press Limited, changed its name to Kaiser Corporation Limited. Based in Mumba, India, Kaiser Corporation was established in 1993.
SEL Manufacturing
Shares of textile firm SEL manufacturing has surged over 1427 percent in 2022 up from Rs 42 in December 2022 to Rs 646 in December currently. The stock has risen 26 percent in December so far after falling for 7 consecutive months since May. In this period, it lost, 70 percent. However, it gave multibagger returns between January-April 2022, up 3,915 percent in these 4 months. SEL Manufacturing Company Limited engages in the spinning, knitting and processing of yarns and fabrics in India and internationally. Its products portfolio includes knitted garments, terry towels , knitted and processed fabrics and various kinds of yarn, as well as ready-made garments.
KBS India
The wealth management company jumped from Rs 9.5 percent in December 2021 to Rs 121 currently, giving its investors a massive 1,169 percent return in 2022. The stock has been in the green for 6 consecutive 6 months since July , of which it has given multibagger returns in 2 of them (August and September). Between July-December , the stock has advanced 999 percent. KBS India Limited operates as a stock broking company in India. It also trades in shares ; and provides brokerage services. The company was formerly known as KBS Capital Management Ltd and changed its name to KBS India Limited in March 2011. KBS India Limited was founded in 1935 and is based in Mumbai , India.
Kakatiya Textiles
The price of the textile stock has climbed 817 percent in 2022 so far, from Rs 5.7 in December 2021 to more than Rs 52 at the time of writing. The company recorded multibagger gains of 148% in October and 114% in September, after losing 6.5 percent in December (so far) and 38 percent in November.
Kakatiya Textiles produces and sells cotton yarn. The company was established in 1981 and is located in Tanuku, India.
Supreme Holdings and Hospitality
The stock increased by 613 percent in 2022, rising from Rs 17 in December 2021 to Rs 123 now. While the stock has lost 13% and 10% of its value in November and December, respectively (to date), it had produced gains for 9 consecutive months between February and October. The stock has increased 848 percent throughout this time. In India, Supreme Holdings and Hospitality (India) Limited develops projects for both commercial and residential use. It is involved in real estate, construction, hotel services, and land development.
Cressanda Solutions
In 2022, Cresanda Solutions’ stock has provided investors with outstanding gains. This penny, which was worth Rs 6.5 in December of last year and is now worth about Rs 29, has increased 345 points in this time. The stock is currently up 17.5% in December after dropping 19% and 14% in November and October, respectively. Additionally, it provided multibagger returns in April and March 2022, increasing by 123% and 156%, respectively.
Software, digital media, and IT-enabled services are all provided by Cressanda Solutions. Its software services include the creation of numerous business applications both on-site and off-site. IT consultancy, offshore application development, services for migration, testing, and maintenance. The business was established in 1985 and has its headquarters in Mumbai, India. The company recently disclosed that it has a contract with a significant institutional client for the provision of tech-powered infrastructure solutions for unmet passenger needs in India. It stated that it will be crucial in handling every aspect of this famous project, which is expected to cost Rs 15,000 million in its first year of operation.
Also Read: Airlines may be forced to provide seats for free under new ticket downgrading rules
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
