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Small & Midcap Mantra | A stock with m-cap of less than Rs 1,000 crore triples in 1 year. Is it on your watch list?

So far this year, Sanghvi Movers has outperformed the benchmark index, advancing about 80 percent compared with an over 12 percent gain in the Nifty and a 37 percent increase in the BSE Smallcap Index

June 25, 2021 / 12:47 PM IST
 
 
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The stock price of Sanghvi Movers, the largest crane rental company in India, has more than tripled in the past 12 months compared with an over 50 percent rally in the Nifty during the same period.

So far this year, too, Sanghvi Movers has outperformed the benchmark index, advancing about 80 percent compared with an over 12 percent gain in the Nifty and a 37 percent increase in the BSE Smallcap Index.

With a market-capitalisation of about Rs 840 crore, Sanghvi Movers hit a fresh 52-week high of Rs 208.90 on June 15, 2021.