Micro cap stocks that have a good chance to move upward

31, 2020 the five largest US companies-Facebook, Apple, Amazon, Microsoft and Google-accounted for nearly a quarter of the market capitalization of the S&P 500 Index 1. But so is portfolio diversification, and we think many investors-particularly those with a traditional 60-40 allocation-may not have enough of it.ДЄs of Dec. Majority of the company's shares are owned by the promoters with only 25% available with the public.We on the GSAM Fundamental Equity team believe exposure to secular growth and innovation is critically important in todayвЂ™s low-yield world. On 1 January 2021, the companyвЂ™s shares were trading at в‚№13.68 and at present, they trade at в‚№182.30, a whopping rally of 1,233%! On the other hand, India is now setting up solar and wind farms in 2 years or less. Building a thermal power plant used to take more than 5 years. India's investments in renewable energy have accelerated in recent years. It owns the largest solar panel module manufacturing facility in India with a capacity of 2,000 megawatt. The company also provides solar energy solutions employing over 2,500 people globally. Mumbai-based Waaree is the largest solar PV module manufacturer in India. The company started with assisting diversified financial services to MSMEs but later in 2016, ventured into renewable energy sector. Well, Waaree Renewable Technologies seems to make the most of this theme as its shares have risen 1,233% since the start of this year.Д®rstwhile known as Sangam Renewables, the company offers sustainable partnership by providing renewable energy solutions to industrial, institutional & commercial sectors, and improve their profitability through long-term renewable power supply. Remember we wrote to you about how SolarвЂ™s hot and India is on the cusp of aВ solar revolutionВ as the Indian government plans to achieve 450 GW (gigawatts) of installed renewable capacity by 2030. #3 Waaree Renewable Technologies (1,233%) The company has a total of 7.2 m shares out of which 72.5% are held by public and 27.5% by the promoters. Moreover, the company is expanding its warehousing and third-party logistic activities to cater to the growing demand of customers. The company has a growth plan to expand into tier-2 and tier-3 cities in India to cater to exporters and importers who will be taking advantage of 'Make in India' initiative. This class includes activities of financial advisers, mortgage advisers and brokers, bureaux de change (foreign exchange services) etc. The combined entity is now called Flomic Global Logistics.ДЇlomic Global is engaged in activities auxiliary to financial intermediation.

This logistics services firm was earlier called Flomic Freight Services, which in November 2020 completed its amalgamation with Vinaditya Trading. Currently, they trade at в‚№37.45 with a marketcap of в‚№269.6 m. On 1 January 2021, the companyвЂ™s shares were trading at в‚№1.95 per share. The next company in this list is Flomic Global Logistics, which has delivered 1,821% returns since January 2021.

Check out its latest shareholding pattern. The sector did suffer greatly in 2020 but it has recovered.ДЄs of June 2021, promoters of the company hold 43.6% stake in the company. The company has invested in cutting-edge machinery from (SAVIO) Italy and NSC (France). Its profit in the latest June 2021 quarter stood at в‚№2.3 m, a rise of 360% against в‚№0.5 m in the same period last year.Д«ut how is this company earning profits without any revenues? Well, it has been able to log profit on the back of other income which stood at в‚№5.4 m.ДЄdinath Textiles is a textiles-focused company with 4,800 spindles installed. WhatвЂ™s interesting is the company has recorded zero sales in last five quarters. The stock rose to its all-time high of в‚№35.09 on the BSE yesterday.ДЇor the year ended March 2021, Adinath Textiles has reported a 557.1% rise in bottomline to в‚№3.2 m. This microcap companyвЂ™s share stood at в‚№1.71 on 1 January 2021. Adinath Textiles share price has delivered 1,952% returns since the start of this year.

Micro cap stocks that have a good chance to move upward