Multibagger Share: Over the past three years, micro-cap stocks have been outperforming their counterparts, presenting investors with ample growth opportunities. Their growth trajectory suggests a higher rate of return when compared with other broader market indices.
Historic Performance Insights: From March 2020 to August 2023, the Nifty Microcap 250 TRI (Total Return Index) showcased an impressive surge, rising approximately by 574%. To offer a comparative perspective, during the same period, the Nifty 50 TRI grew by 176%, Nifty Midcap 150 TRI by 275%, and Nifty Small Cap 250 showed a performance increase of 321%.
Top 5 Stocks to Watch:
- CarTrade Tech: This share was priced at INR 543.90 on the last trading day and is held by 5 mutual fund schemes. Notable schemes holding this stock for over a year include Aditya Birla SL Balanced Advantage, HDFC Large & Mid Cap, and ICICI Pru Technology.
- Thyrocare Technologies: The share price stood at INR 553.30 on the last business day. This stock is part of the portfolios of 7 mutual fund schemes, such as Nippon India Pharma, Nippon India Retirement Fund-Wealth Creation, and Nippon India Small Cap.
- Greenply Industries: Its share was valued at INR 168.55 on the recent trading day. Schemes holding this stock for an extended period include Bandhan Emerging Business, Canara Rob Small Cap, and HDFC Mid-Cap Opportunities Fund.
- Oriental Carbon & Chemicals: Priced at INR 800.10 on the last trading day, it’s a favorite among 6 mutual fund schemes. Noteworthy schemes that have maintained this stock for more than a year are HDFC Large & Mid Cap, HDFC Small Cap, and HSBC Small Cap.
- Matrimony.com: The share’s price was INR 591.25 on the latest trading day. It is held by 6 mutual fund schemes for over a year, including ICICI Pru ESG, ICICI Pru Smallcap, Tata Digital India, and Tata Retirement Saving Fund.
Conclusion: While micro-cap shares are presenting robust growth, it’s crucial to exercise due diligence and research before investing. The stocks mentioned above have garnered attention from mutual fund schemes, indicating their potential, but investments should always align with individual financial goals and risk appetite.