As we know the stock market is very unpredictable and it gets even worse when a lot of economic and political uncertainties loom around the world, adding more volatility to the market.
The global stock markets witnessed extreme volatility due to the coronavirus spread that crippled economic activities across the globe and caused severe financial difficulties. Many shares in the Indian equity market crashed when Prime Minister Narendra Modi announced the nationwide lockdown in March 2020.
With that announcement, there was a bloodbath in the NSE and BSE, sending shivers to the investors. However, among several industries that were badly hit by the covid spread, the pharma and healthcare sector witnessed exponential growth, owing to rising demand by patients in general.
And, in recent months, the Sensex has crossed more than 60,000 and Nifty even touched over 18,000. This is seen as a historic high in the Indian stock market.
However, on Monday viz 20 December, theere was bloodbath in the stock market, as several shares hit the lower circuit and Sensex plunged over 1,300 points. The bloodbath was primaruly due to global sellloffs in the wake of omicron spread.
Meanwhile, here are seven smallcap stocks that saw an exponential jump in 2021 YTD.
3i Infotech Ltd
The shares of the Indian IT firm was trading at its YTD low of Rs 6.75 on 1 January 2021, and as on 15 December, the shares touched Rs 116.65. This signifies a jump of over 1,400 per cent YTD 2021.
Olectra Greentech Ltd
The company’s stock was trading at its YTD lowest of Rs 131.90 on 1 January 2021, and as of 16 December, the share touched at its highest of Rs 910.30, registering a jump of over 558 per cent YTD 2021.
Brighton Group Ltd
The share of the digital marketung company was trading at its YTD 20201 low at Rs 5.64 22 January, and it touched its YTD high of Rs 195.20 on 16 December. This signifies over 2,000 per cent jump.
Rattanindia Enterprises Ltd
The shares of the electric power distribution company was trading at its YTD lowest of Rs 5.15 on 7 April, 2021, and it touched its highest of Rs 70.45 on 27 July. This indicates a jump of over 900 per cent YTD 2021.
Tata Tele Business Services Limited (formally known as Tata Tele Services Limited)
The stock the Indian telecom company was trading at its YTD 2021 low of Rs 7.85 on 1 January, however, the share zoomed more than 2,000 per cent and was trading its YTD high of Rs 189.10 on 17 December.
JTL Infra Ltd
The company saw its stock trading at its YTD low of Rs Rs 39.48 on 1 January 2021 and it touched its YTD high of Rs 239.95 on 18 October. This implies an increase of over 450 per cent in its share price.
Nahar Spinning Mills Ltd
The yarn spinning mills company’s stock was trading at its YTD low of Rs 76.25 on 1 January 2021, and as of 10 November, the stock was trading at its YTD high of Rs 574.95. This signifies a jump of over 550 per cent.