Up to 830% surge in 100 days! These stocks are fast & furious

NEW DELHI: While investors cheered the rally that lifted the BSE Sensex past the 30,000 mark from its December lows, a couple of stocks travelled at lightning speed and gained up to 830 per cent in just over three months, leaving every other stock and index way behind!

You may call it fast and furious! But it’s true.

It’s the 100th trading day since December 26, 2016, when the BSE Sensex had hit its low points of 25,753.74 following the demonetisation drive. The 30-share pack has since got over those blues and zipped past its previous lifetime high to set up a new peak.

By the end of May, the old adage “sell in May and go away” stands demolished as the market waded through all concerns – domestic or overseas – and rode the momentum created by the euphoria over the goods & services tax (GST).

As many as 116 BSE-listed stocks have rallied over 100 per cent during this period, while over 500 others have seen their share prices soar over 50 per cent.

As many as 13 stocks have jumped over 200 per cent during this period. They included CCCL, Indiabulls Ventures, LT Foods and ITDC, with individual market-capitalisation of up to Rs 5,400 crore.

The biggest gainer of the rally was a penny stock, Padmalaya Telefilms, which has rallied 833 per cent since December 26. The company now enjoys a market capitalisation of Rs 21 crore, compared with Rs 2.2 crore it had quoted as of December 26.

Indiabulls Ventures has seen its shares surge 594 per cent or 7 times during these 100 days to Rs 138 a share from mere Rs 20 apiece while the market-cap grew from Rs 582 crore to Rs 5,419 crore.

Smallcap stock Consolidated Construction Consortium (CCCL) has surged 227 per cent during this period, followed by Websol Energy, Weizmann FinCorp, Goldstone Infratech and Adi Rasayan, which have rallied between 235per cent and 263 per cent.

Shares of ITDC surged 231 per cent in this period. This stock has been rising ever since the Cabinet approved disinvestment of three ITDC hotels at Bhopal, Bharatpur and Guwahati.

Shares of LT Foods, which aims to double its revenue to Rs 6,000 crore by 2020 and is looking for organic as well as inorganic growth to become a FMCG company, have jumped 13 per cent during this period.

Some other penny stocks such as R&B Demins and Oriental Trimex have advanced over 200 per cent.

But penny stocks are usually a risky proposition. According to a recent study by a domestic brokerage, there are just 42 per cent chances that a penny stock would yield returns even after three years of investment.