Often investors wish to invest in stocks that have high growth potential and can turn multi-bagger in the long run. Small-cap stocks are one such option. In this article, we will understand small-cap stocks and discuss some of the best small-cap stocks in BSE.
What are Small Cap Stocks?
Small-cap companies are those companies which have a market capitalisation of less than ₹5000 crores. Small-cap stocks are the stocks of small-cap companies. SEBI defines small-cap stocks as companies which rank 251st and beyond in terms of market capitalization.
Small-cap stocks are very volatile and hence can give high returns. In fact, BSE smallcap share price is up by 60% compared to its 1 year low. The majority of the small-cap stocks are of those companies which are not so established and have limited resources.
Top BSE Small Cap Gems
Here is a list of some of the best BSE smallcap companies to invest in 2024.
- Praveg Ltd
Praveg is one of the top event and exhibition management companies in India. The company has managed more than 3000 events in the last 20 years. The company is also into tourism and hospitality management.
They have successfully implemented ‘White Rann Resort’ in Rann Utsav and ‘Tent City Narmada’ at the Statue of Unity. The company is presently handling large-scale government projects also.
- Praveg Ltd Share Price as of 30th Apr 2024: ₹915.05+
- Market Cap: ₹2,245.96 Cr
- PSP Projects
PSP Projects is majorly into providing construction and allied services for government, residential, industrial and other projects in India. It was founded in the year 2008 and is based in Ahmedabad.
The company currently has the world’s biggest office complex in Surat which has a built-up area of around 66 Lakhs Sq. Ft.
- PSP Projects Share Price as of 30th Apr 2024: ₹675.10
- Market Cap: ₹2,672.02 Cr
- Gokaldas Exports
Gopaldas Exports is one of the top textile and garment manufacturing and export companies in India. The company offers a wide range of apparel products which includes outwear, activewear and fashion wear.
Gopaldas Exports produces 36 Mn garments annually and exports to 50+ countries. It operates with 15000+ machines at 20 manufacturing units.
- Gokaldas Exports Share Price as of 30th Apr 2024: ₹879.35
- Market Cap: ₹6,261.12 Cr
- Bajaj Consumer Care
Bajaj Consumer Care is the part of Bajaj Group of Companies and manufactures and markets hygiene, hair and skin products. The company sells its products through retail outlets and operating units in Assam, Uttarakhand and Himachal Pradesh.
The company’s portfolio comprises sanitiser, face wash, almond hair oil, amla hair oil, anti-marks skin cream etc.
- Bajaj Consumer Care Share Price as of 30th Apr 2024: ₹241.35
- Market Cap: ₹3,442.76 Cr
- Arvind SmartSpaces Ltd
Arvind SmartSpaces is a real estate company and an arm of Kasturbhai Lalbhai Group. The company came into existence in the year 2009. It has a strong presence in the Residential, Industrial and Retail Development areas of real estate.
Arvind Smartspaces is based in Ahmedabad. It generates income from the sale of residential and commercial units.
- Arvind SmartSpaces Share Price as of 30th Apr 2024: ₹739.30
- Market Cap: ₹3,354.09 Cr
Conclusion
Small-cap stocks have huge growth potential and can also bring diversification to your portfolio. If you are planning to invest in small-cap stocks then you can refer to the stocks given above. Do conduct proper research before investing. To invest in any of these stocks, consider Dhan.
