While the serious business of investing is no get-rich-quick scheme, Dalal Street has offered ’25 din mein paisa double’ to investors in 6 stocks without doing any ‘Hera Pheri’ as Akshay Kumar would say.
The popular dialogue “25 din mein paisa double” in the 2006 Hindi comedy film ‘Phir Hera Pheri’ continues to be the subject of not just countless memes on social media but has also inspired retail merchandise from hoodies to laptop stickers. We also took a cue from memeverse to screen stocks with a market capitalisation of at least Rs 500 crore to find out can stock investors actually double money in just 25 days.
In the last 25 trading sessions from November 30 to January 5, there were at least 6 counters with a minimum 100% return. All of them are from the retail investor-heavy world of smallcaps.
1) VL E-Governance & IT Solutions
Shares of Vakrangee subsidiary VL E-Governance & IT Solutions, which offers e-governance and IT solutions, has rallied 144% in 25 trading days. LIC owned more than 6% stake in the smallcap which demerged from parent entity Vakrangee Ltd a few months ago.
The company is now exploring opportunities in the business of semiconductors design and engineering.
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Multibagger smallcap Oriental Rail Infrastructure zoomed 140% during the period and has given 3X return in the last one year. In a fund-raiser last month, ace investor Mukul Mahavir Agrawal had picked up 34 lakh shares of the Mumbai-based company. He now holds 5.12% stake in Oriental Rail which sells various products like seats and lavatory doors to Indian Railways.Artemis Electricals And Projects, which makes LED lights and allied products, has seen its stock making investor portfolios brighter with 124% return in 25 days.Shares of Inox Green Energy Services, which had listed at Rs 60.50 in November 2022 or 7% lower than its issue price of Rs 65, have had a great 2023. The stock has gone up 3 times in the last one year and gave 110% return in 25 trading sessions.
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Shares of Essar Shipping, which is the smallest company in the list with a market value of just about Rs 700 crore, has also more than doubled.Delhi-based PC Jeweller has also more than doubled amid investor love for buying jewellery stocks. Last year, SBI and other banks had filed petitions to initiate corporate insolvency resolution proceedings against the jeweller to recover dues.
On account of disruptions in operations and consequent liquidity squeeze resulting from ongoing litigation, the company’s domestic turnover fell to Rs 33 crore in Q2 as against a turnover of Rs 836 crore in the corresponding quarter of the previous year.
What should investors do?
While chasing momentum stocks, investors must note that what goes up fast can also come down quickly. The business of investing offers the short-term excitement of ’25 din mein paisa double’ but that should not be the starting point and seen more as a one-off case.
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Late Paul Samuleson (Nobel Prize laureate)
(Data: Ritesh Presswala)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
