7 Debt Free Stocks That Have Risen By More Than 100% From 52-Week Lows

There are seven debt-free stocks we have identified that have risen upto 1018% from their 52-week lows. The companies are SG Finserve Ltd, Tanfac Industries Ltd, Jyoti Resins, Shanthi Gears, TD Power Systems, Aptech, and I D F C. The details of each are given below.

1. SG Finserve Ltd

SG Finserve Ltd is registered as a non-banking financial company (NBFC) that provides broking, distribution, investment research, online trading, wealth management, investment banking, and insurance. It was incorporated in 1994 as Moongipa Securities Limited which was later renamed to SG Finserve.

In the last one and three years, the share price has skyrocketed by 1018.88% and 22126.92% respectively.

2. Tanfac Industries Ltd

Tanfac Industries Ltd was incorporated in 1972. It is engaged in the manufacture of inorganic fluorine-based chemicals like anhydrous hydrofluoric acid, sulphuric acid, oleum, aluminum fluoride, potassium fluoride, potassium bifluoride, boron trifluoride complexes, calcium sulphate (gypsum), isobutyl acetophenone, acetic acid, peracetic acid, poly aluminum chloride, etc.

The company is a joint venture promoted by the Aditya Birla Group, which holds a 25% stake in the company, and Tamil Nadu Industrial Development Corporation (TIDCO). The company began commercial production in March 1985 and is amongst the leading producers of Hydrofluoric Acid and its derivatives.

In the last one year, its share price soared by 249.79% and over the last three years, it has grown exponentially by 1,151.08%.

3. Jyoti Resins and Adhesives Ltd

Incorporated in 1993, Jyoti Resins & Adhesives Ltd is a manufacturer of synthetic resin adhesives. The company manufactures various types of wood adhesives (white glue) under the brand name EURO 7000, which was launched in 2006 and is now the second-largest selling wood adhesive brand in India in the retail segment.

The price of the stock has surged massively by 129.52% in over a year while in three years, it has skyrocketed by 3,883.33%.

4. Shanthi Gears Ltd

Shanthi Gears Ltd is operating in the Auto Ancillaries sector incorporated in the year 1972. It is in the business of design, manufacture, supply, and servicing of gears and gearboxes. The company's product portfolio encompasses a range of customized gearboxes, loose gears, worm gearboxes, and helical gearboxes.

In the last one year, its share price has soared by 78.66% and over the last three years, it has surged massively by 408.98%.

5. TD Power Systems Ltd

TD Power Systems Ltd is one of the leading manufacturers of AC generators in the range of 1 MW up to 250 MWA for prime movers such as steam & gas, hydro, wind turbines, and diesel & gas engines. The company was incorporated in 1999 and is engaged in manufacturing AC generators and electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications.

The share price of the stock has surged massively by 125.07% in over a year while in three years it has skyrocketed by 1145.83%.

6. Aptech Ltd

Aptech Ltd is a pioneer in the non-formal education and training business in the country with a significant global presence. It was established in 1986 and has 800 centers. It has a presence in diverse sectors ranging from IT training, media & entertainment, retail & aviation, beauty & wellness, banking & finance, and the pre-school segment amongst others.

In the last one and three years, the share price has skyrocketed by 61.36% and 319.68% respectively.

7. IDFC Ltd

IDFC Limited was incorporated in 1997. It is a non-banking finance company (NBFC) regulated by the Reserve Bank of India. It continues to hold investments in IDFC FIRST Bank and IDFC AMC. It held 39.98% in IDFC FIRST Bank and 99.96% in IDFC AMC. IDFC's holding in IDFC FIRST Bank has further reduced to 36.60% post the QIP issue done by the bank in April 2021.

Its share price has rallied by 79.14% in the last one year and zoomed by 579.9% over the past three years.

Disclaimer

This article is for information purposes only. The article should be treated as informational and not an advisory to invest. Neither the author nor Greynium Information Technologies Pvt Ltd should be held responsible for decisions based on this article.