5 Smallcap Stocks Which Gave 2X Returns In Last 3 Months

5 Smallcap Stocks that gave 2X returns

Ever wondered how some smallcap stocks can double your money in just three months? You know, the stock market is full of surprises, and sometimes, the biggest returns come from the smallest companies. 

5 Smallcap Stocks that gave 2X returns

Guess what?

We’ve found five smallcap stocks that have done exactly that—given 2X returns in just 90 days! These hidden gems have caught the market’s attention with their impressive performance and rapid growth. 

Curious to know more about these high-flyers? Just go through this article to know the details.

Overview

Before diving deeper, let’s have a brief overview of those five smallcap stocks along with their return-

Small Cap Stocks3 Month Return (%) 
Oriana Power Limited311.93
Owais Metal346.83
Trident Techlabs213.42
Alphalogic Tech261.43
Tinna Trade213.05
5 Smallcap Stocks that gave 2X returns in the last 3 months

Now, let’s move into the details!

1. Oriana Power

Oriana Power Stock

Oriana Power has made new headlines for holding the top position among small-cap stocks, giving double returns in the last three months. Here is the detailed data-

ParticularsData
Current Market Price (Rs.)2792.05
Price to Earning Ratio (P/E)98.74
Market Capital (Rs. Crore)5355.88
Dividend Yield (%)0.00
NP Qtr (Rs. Crore)48.55
Sales Qtr (Rs. Crore)318.82
Return on Capital Employed (ROCE)
% increase
79.39
3 Month Return (%)311.93
Oriana Power

Don’t you wonder how did this happen?

First, Oriana Power keeps winning big contracts. Recently, they commissioned a 29 MWp solar power plant for a steel manufacturer in Karnataka and secured a 5 MWp solar plant contract that guarantees revenue for the next 25 years. They also signed a major deal for a 76.62 MW solar power plant with a development cost of Rs.3.3 billion. These consistent order wins build investor confidence and drive the stock price up.

Next, their financial performance has been stellar. Over the past few years, Oriana’s revenue and profit have surged impressively. We have already explained it in detail here- Oriana Power Stock Up By 780% In 1 Year: What’s Driving This Rally?

Government support also plays a role. Oriana benefits from subsidies, making their projects more profitable and attracting more investors. They are also expanding strategically. Oriana secured a contract for a Compressed Bio Gas plant in Maharashtra, diversifying their income streams and reducing reliance on a single source.

Additionally, their high Return on Equity (ROE) of 37%, far above the industry average, shows they’re efficient at generating profits, making them an attractive investment.

Finally, strong market sentiment and investor confidence, fueled by consistent performance and positive news, create a buzz that attracts more investors, driving the stock price higher and giving 2X returns.

2. Owais Metal

Owais Metal

If you have watched the stock market keenly, you must have observed that Owais Metal’s stock has doubled in value in just three months.

ParticularsData
Current Market Price (Rs.)1266.55
Price to Earning Ratio (P/E)148.86
Market Capital (Rs. Crore)2302.89
Dividend Yield (%)0.00
NP Qtr (Rs. Crore)8.68
Sales Qtr (Rs. Crore)49.85
Return on Capital Employed (ROCE)
% increase
51.27
3 Month Return (%)346.83
Owais Metal

How did this happen?

Look, Owais Metal and Mineral Processing Limited had a successful IPO, and their share price soared after starting commercial production at a new facility in Rajasthan. This plant produces quartz stone slabs and is a big step forward for the company, allowing them to produce and market the final product themselves.

In March, they also got authorization to handle rare and valuable minerals like tin, titanium dioxide, niobium pentoxide, and tantalum pentoxide. This opened up new revenue streams.

Additionally, they’re planning to build a plant in Meghnagar to extract rare earth elements from waste, aligning with their growth strategy and strengthening their market position.

These strategic moves—expanding production, entering the rare minerals market, and innovative recycling—have driven their stock to impressive heights. Now, you see why Owais Metal’s stock has skyrocketed!

3. Trident Techlabs

Trident Techlabs

The 3rd spot is grabbed by Trident Techlabs which gave 2X returns to the investors in the last three months-

ParticularsData
Current Market Price (Rs.)638.60
Price to Earning Ratio (P/E)117.78
Market Capital (Rs. Crore)1103.57
Dividend Yield (%)0.00
NP Qtr (Rs. Crore)12.46
Sales Qtr (Rs. Crore)64.24
Return on Capital Employed (ROCE)
% increase
38.12
3 Month Return (%)213.42
Trident Techlabs

You see, Trident Techlabs has a sky-high Price to Earnings (P/E) ratio. Usually, you’d be wary of such steep P/E unless the company’s growth is exceptional. And guess what? Last year, Trident Techlabs grew its earnings per share (EPS) by an impressive 17%. However, over the past three years, EPS growth has been almost stagnant, which isn’t ideal.

Despite this, investors are extremely bullish on Trident Techlabs. They’re holding onto their shares tightly, expecting the company to outshine the market, even though the overall market is expected to grow by 24% next year—higher than Trident’s recent medium-term growth.

This strong investor confidence, despite the mixed growth signals, has driven the stock price up. Only the boldest investors believe these prices will hold, considering the pressure of maintaining such high growth. And see, it gave 2X returns as well.

4. Alphalogic Tech

Alphalogic Tech

Alphalogic Techsys has been riding a wave of strong momentum. Just look at the following data-

ParticularsData
Current Market Price (Rs.)295.00
Price to Earning Ratio (P/E)334.50
Market Capital (Rs. Crore)1382.22
Dividend Yield (%)0.00
NP Qtr (Rs. Crore)1.18
Qtr Profit Var %-25.38
Sales Qtr (Rs. Crore)17.75
Qtr Sales Var %106.16
Return on Capital Employed (ROCE)
% increase
17.09
3 Month Return (%)261.43
Alphalogic Tech

This firm provides technology consulting and support services across various industries, from e-commerce to healthcare. Recently, their net profit for the December quarter rose by 34.5% year-on-year, reaching ₹74 lakh, while their total income jumped by over 27% to ₹1.63 crore. This kind of financial performance catches the eye of investors.

Additionally, ICICI Direct highlights that Alphalogic Techsys’ stock is performing well above its moving averages, indicating sustained upward momentum. This means that the stock has been consistently climbing, attracting more investor interest.

Another key factor is the increased stake by promoters, which signals confidence in the company’s future. Despite some weaknesses like poor cash generation and declining net cash flow, the positive momentum and strong financial results have driven the stock price up and given double returns making it an attractive option for investors looking for growth.

5. Tinna trade

Tinna Trade Stock

Suppose you’re watching Tinna Trade’s stock price and seeing it double in just three months. 

ParticularsData
Current Market Price (Rs.)308.45
Price to Earning Ratio (P/E)10113.00
Market Capital (Rs. Crore)1213.56
Dividend Yield (%)0.00
NP Qtr (Rs. Crore)-0.01
Qtr Profit Var %97.87
Sales Qtr (Rs. Crore)88.57
Qtr Sales Var %68.83
Return on Capital Employed (ROCE)
% increase
7.37
3 Month Return (%)213.05
Tinna Trade

Tinna Trade Limited, based in New Delhi, trades various agricultural and non-agricultural products. Despite reporting no net profit in the December quarter, compared to a loss of Rs.0.15 crore last year, and experiencing a sales decline of nearly 40%, the stock has shown impressive momentum.

One key factor is that Tinna Trade’s stock price is above its short-, medium-, and long-term moving averages, indicating strong upward momentum. The stock even hit a new 52-week high recently, which is a strong positive signal for investors. 

Additionally, the book value per share has been improving over the last two years, indicating a strengthening financial position.

Although there are concerns like high-interest payments and declining profits, the overall positive momentum and financial improvements have boosted investor confidence, driving the stock price up significantly.

Final Thoughts

And there you have it! These five smallcap stocks have doubled in value over the last three months, showcasing the potential hidden in smaller companies. From strategic expansions to impressive financials, they’ve proven to be winners. 

Keep an eye on the market, and you might spot the next high-flyer ready to turn heads and boost portfolios!

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Published By: Supti Nandi
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