Over 1,000% return: Super rich investors made big money in these 30 stocks; do you own any?
Analysts believe that a gush of liquidity and sustained inflows by foreign institutional investors aided the domestic equity market
As the benchmark equity indices BSE Sensex and NSE Nifty scaled to record highs in June 2021, investors wealth zoomed by Rs 125 lakh crore since March 2020 lows despite uncertainties caused by the Covid pandemic.
Analysts believe that a gush of liquidity, measures taken by RBI and government and sustained inflows by foreign institutional investors aided the domestic equity market. As a result, at least 30 shares on the BSE have rallied over 1,000% during the past year. These stock are also owned by high net worth investors (HNIs). Investors who hold shares worth over Rs 2 lakh in a company are classified as HNIs.
Top gainers
With a rally of 2,125%, Tanla Platforms emerged as the top gainer in the list. Shares of the company zoomed to Rs 863.30 on June 8, 2021 from Rs 38.80 on March 24 last year. It was followed by Mcleod Russel (up 1974%), Adani Total Gas (up 1901%) and Subex (up 1856%).
Cloud communications firm Tanla Platforms recently reported a consolidated net profit of Rs 102.54 crore for the fourth quarter ended March 2021. It had posted a consolidated net loss of Rs 89.12 crore in the year-ago period.
“We delivered another fantastic quarter to cap a record-breaking 2021 across all key parameters, with over Rs 2,300 crore in full-year revenue. These stellar results continue to demonstrate Tanla’s strong platform and enterprise offerings, our focus on customer success, and commitment to enable their communication needs,” Tanla Platforms chairman and CEO Uday Reddy said in the statement.
For the entire fiscal ended March 2021, the company posted a profit of Rs 356.13 crore. It had registered a loss of Rs 211.16 crore in 2019-20. Bihar Sponge (up 1834%), Saraswati Commercial (up 1736%), Intellect Design Arena (up 1558%) and RRIL (up 1530%), Digispice Technologies (up 1431%), CG Power (up 1411%), Syncom Formulations (up 1372%) and Jaykay Enterprises (up 1,311%) stood among other major gainers in the list.
Intellect Design Arena has recently achieved the Unicorn status in 7 years since it got demerged out of Polaris. The company is engaged in the business of providing a financial platform for corporate banking, retail banking, brokerage solution, treasury management and insurance software. Shares of the company have jumped to Rs 767.85 from Rs 46.30 in March last year.
Brokerage ICICI Securities has a ‘Buy’ call on Intellect Design with a price target of Rs 875. “Improving deal wins, increased penetration in the US and Europe market, digital-ready product portfolio, healthy pipeline, huge addressable and underpenetrated market and improved annuity revenues bode well for revenue growth,” the brokerage said.
PG Electroplast, Danlaw Technologies, Venus Remedies, Smruthi Organics, GBL Industries, Dhanvarsha Finvest, Adani Enterprises, Balaji Amines, Godawari Power, GTL, Garware Synthetics, Share India Securities, Kopran, ARC Finance, Saregama India, Zenith Health Care, Tata Teleservices (Maharashtra) and Proseed India stood among other players which rallied over 1,000% since March 2020.