₹1 lakh crore on September 11 as its stock price reached an all-time high of ₹92.35 per share. Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, bounced back strongly this year after a poor show in 2022, where the stock lost 52.83%. In the current year so far, the stock spiked from ₹451 apiece to ₹825 apiece, translating into a gain of 83%.
Other notable performers include UCO Bank, Aurobindo Pharma, SJVN, Polycab India, Bharat Heavy Electricals, Indian Overseas Bank, Linde India, Solar Industries India, General Insurance Corporation, Trent, Supreme Industries, Glenmark Pharmaceuticals, Vodafone Idea, L&T Finance Holdings, Macrotech Developers, Persistent Systems, Torrent Power, Lupin, Godrej Industries, The New India Assurance Company, and Nippon Life India Asset Management, which have all yielded returns between 60 and 115% over the last one-year period. Impressively, 175 BSE small-cap stocks have delivered returns of over 100% in the last one-year period, with Jai Balaji Industries standing at the top of this line-up, delivering a return of 1350%. Jai Balaji Industries primarily operates in the steel sector.
The company is engaged in the production of a wide range of steel products, including pig iron, sponge iron, ferro alloys, steel billets, and TMT bars (Thermo Mechanically Treated bars). Over the last four months, starting from July to October, the stock finished each month delivering fabulous returns of 106.51%, 72.25%, 61.38%, and 25%, respectively. Meanwhile, some analysts are suggesting that the small-cap space is at risk of a correction after the steep rise over the last few months.Read more on livemint.com