Before you invest in the stock market, you need a good plan for how to invest. You have to choose the types of companies you want to buy, the industries you want to invest in, and the range of market cap you want in your portfolio. One of these options is the small-cap market. The Indian financial market has a wide range of small-cap shares for investors who are interested. If you don’t know what small-cap stocks are, take a look at the definition in the next section. Only then should you keep reading about the best shares in this market segment.
Small cap stocks are the shares of companies that have a total market value of less than 500 crores. Most of the time, these are businesses that are just starting out or getting stronger in the market. Because of this, the stocks of these companies tend to be riskier than those of companies that have been around longer.
List of top five small-cap stocks to buy this year
- Ujjivan Financial Services
- Gokaldas Exports
- Bajaj Consumer Care
- Delta Corp
- Thyrocare Technologies Ltd
Details are here for top small-cap stocks
1. Ujjivan Financial Services
A microfinance organization, Ujjivan Financial Services is based in India. It was founded in 2004 and has its main office in Bangalore. The organization currently offers financial goods and services to underserved and unserved populations, with a focus on women and low-income groups. Ujjivan offers a number of services, such as microloans, savings accounts, and insurance. As of January 16, 2023, the market price of the company was $267. The share price of Ujjivan Financial Services has gone up by almost 70% in the last six months, making it one of the best small-cap stocks you can buy right now.
2. Gokaldas Exports
Gokaldas Exports Ltd. is the largest textile and clothing exporter in India. The company’s main office is in Bengaluru, which was set up in 1979. It is one of India’s biggest exporters of ready-made clothes and has a big presence in the US and Europe. The company has a wide range of products for men, women, and children, such as shirts, trousers, shorts, skirts, and dresses. As of January 16, 2023, the market price of Gokaldas Exports was $377, which was a 12% increase over the previous six months.
3. Bajaj Consumer Care
Bajaj Consumer Care Ltd is an Indian company that sells consumer goods. It makes and sells products for personal care and home care. The business is part of the Bajaj Group, which is one of India’s largest and most well-known companies.
Some of the things the company makes are toilet soaps, liquid soaps, hair oils, hair gels, and talcum powder. It also has a reliable system for getting its products to stores and supermarkets all over India. Also, the company makes a number of well-known and respected products, such as Bajaj Brahmi Amla Hair Oil, Bajaj No marks Cream, and Bajaj Almond Drops Hair Oil. As of January 16, 2023, a share of the company was worth about $173, up by more than 7% in the last six months.
4. Delta Corp
Delta Corp Ltd. is the largest gaming and hotel business in India. The company was founded in 1996 and has its main office in Mumbai, India. It runs a number of casinos, offshore gambling ships, and luxurious resorts and hotels.
Delta Corp. is the only company in India that has a pan-Indian license to run both live and online games. Most of its business is done in the casino and hospitality divisions. Delta Corp has also been recognized for its commitment to corporate responsibility, quality, and customer service with a number of important awards and certifications. On January 16, 2023, the price of the company’s shares was 211, which was a 20% increase over the previous six months.
5. Thyrocare Technologies Ltd
Leading Indian laboratory services provider Hyrocare Technologies Limited offers a variety of laboratory services to both people and businesses. Mumbai, India is home to the company’s headquarters, which it established in 1996. These days, a large range of diagnostic procedures are available, including solutions for clinical pathology, biochemistry, haematology, and histology.
Moreover, Thyrocare runs a central laboratory and maintains a network of collecting facilities all over India. Even more, it has received accreditation from a number of national and international organizations, including the College of American Pathologists and the National Accreditation Board for Testing and Calibration Laboratories (NABL) (CAP).
Now that you know which small-cap firms have the most potential this year, you can come up with a plan to buy these assets and add them to your portfolio. To buy stocks on the stock market, you must have both a Demat account and a trading account first. If you don’t already have a Demat account with Motilal Oswal, you can always open one quickly and easily online.