10 microcaps that gave multibagger returns in October

Even though the broader markets underperformed headline indices in October, some of the microcaps with m-cap of up to Rs 200 crore have rallied to deliver multibagger returns in the month. Take a look:

The engineering, design and construction (EDC) company gained over 172% during the month. The company commands a market cap of Rs 120 crore. The stock’s last traded price was Rs 76.05 per share.

The company’s stock during October gained 152%. The company with an m-cap of Rs 43 crore is engaged in the trading of edible oils. The stock rallied from a price of Rs 93.8 on September 30 to Rs 236.35 on October 31.

The Rs 14-crore leather and leather products company’s shares during the period rallied by a whopping 152%.

The Delhi-based textile manufacturer also saw its share price jump as much as 151% during October month.

Shares of this engineering firm in a month climbed 150% to Rs 67.6 per share on October 31. The company is into general construction (including alteration, addition, repair and maintenance) of residential buildings, carried out on own account basis or on a fee or contract basis.

The steel company's stock in a month gained 150% as it rose from Rs 25 to Rs 63 in October. The company’s m-cap is worth around just Rs 3 crore.

The Rs 54-crore company’s share price jumped 148% last month. The firm is engaged in the sale and manufacture of cotton yarn.

The stock of the company during the period under review gained 147%. Established in the year, the company is engaged in the export and local trading of agro products.

During the period, the company’s stock zoomed by 147%. The company is engaged in the leisure and hospitality industry, mainly resorts, entertainment and recreational arenas, restaurants, shopping malls and other related/ancillary activities.

The Rs 173 crore company saw its stock zoom by around 146% in October month. The company is into the manufacture of enclosures of energy meters, low tension/high tension distribution boxes and panels, junction boxes, feeder pillars and other power distribution and circuit protection switchgear.