2024 turned out to be a volatile but great year for the Indian stock market. The Sensex and Nifty stabilized after hitting new record levels, but the real gains came from investors in smallcap stocks. This year, the BSE Smallcap index registered a growth of nearly 35%, giving investors great profits.

98 smallcap stocks became multibaggers

According to data from Ace Equity, 98 smallcap stocks became multibaggers in the year 2024, out of which 7 stocks gave investors a return of more than 250%. These stocks not only took the smallcap index to new heights, but also gave investors an opportunity to earn big.

V2 Retail Stock

Returns: 365%

Last Trading Price: Rs 1467 per share

V2 Retail gave great returns to investors this year. This company emerged strongly in the retail sector and recorded excellent performance.

Indo Tech Transformers Stock

Return: 346.53%

Last trading price: Rs 3,105.65 per share

This company, which operates in the electrical transformer segment, saw tremendous growth due to the increase in industrial demand.

Refex Industries Stock

Return: 311.62%

Last trading price: Rs 520 per share

Refex Industries performed well in the cooling and energy segment, causing its stock to rise steadily.

Shaily Engineering Plastics Stock

Returns: 345%

Last trading price: Rs 1,489.95 per share

The company, which specializes in engineering plastics, attracted investors with its high customer demand and improved operations.

PC Jeweller Stock

Returns: 244%

Last trading price: Rs 173 per share

PC Jeweller showed strength in the jewellery segment and festive season demand contributed significantly to its growth.

PG Electroplast Stock

Returns: 290%

Last trading price: Rs 930 per share

This electronics manufacturing-related stock benefited from rising middle-class demand.

Garware Hi-Tech Films Stock

Returns: 266%

Last Trading Price: Rs 5100 per share

A leader in high-tech films and industrial products, the company remains in the news for its new projects and technological innovations.

Smallcap stocks dominate

The 35% growth recorded in the BSE Smallcap Index this year has made it clear that investors' confidence in small and medium-sized companies is increasing. According to market experts, smallcap stocks have not only shown stability but also enriched investors' portfolios by giving high returns.

Lessons for the year 2024

The year 2024 made it clear that investing in smallcap stocks with the right strategy and research can give better returns. However, given the volatility of the market, investors should always invest with caution. Smallcap stocks will have potential in the coming years, but investors will benefit only with the right selection and long-term thinking.