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4 stocks thrashing the ASX today

The S&P / ASX 300 Index (Index: ^AXKO) (ASX: XKO) is up just 0.3% in mid-afternoon trading with most of the heavyweight stocks that dominate our index seeing similar gains.

If you’re looking for stock that can go on to be 10-baggers (stocks that can their share prices rise my a multiple of ten), then you need to ignore the top end of the market and focus on the smaller end of the market. Now I don’t mean those stocks trading under $10 million market caps. The ones I’m thinking of are those in a sweet spot of between $50 million and a few hundred million.

Here are four ideas from that end of the market that are thrashing the index today, with potentially more to come…

Nearmap Ltd (ASX: NEA) posted its maiden full year profit today – $7.1 million on revenues of $17.8 million and shares jumped 20.5%. The aerial photomapping company says it is targeting between $30 and $50 million in revenues by the end of 2015. You can read more about Nearmap’s results here.

Vita Group Limited (ASX: VTG) which operates mobile phone stores, mostly on behalf of Telstra Corporation Ltd (ASX: TLS). Yesterday the company posted a 66% rise in underlying profit as revenues grew just 4%. As a bonus for shareholders, Vita also upped its dividend by 64% to 4.64 cents per share, and that’s fully franked! No wonder shares are up nearly 15% today.

Infomedia Limited (ASX: IFM) is a global supplier of electronic car parts catalogues to the automotive industry.  Today the company reported growth of 22% in net profit to $12.3 million, and a 34% increase in its fully franked dividend. Infomedia shares were up 10.5% to 97.3 cents. The company is targeting a net profit of more than $14.5 million next financial year.

Carnarvon Petroleum Limited (ASX: CVN) shares are still flying – up another 10% today, and 171% since Monday. In partnership with its larger partner Apache Energy and two other partners, Carnarvon reported one of the most significant Australian oil discoveries in recent times at its Phoenix South-1 well offshore North Western Australia.

Another company I am bullish on is one that the Motley Fool's top analyst, Scott Phillips, recently identified. With strong growth prospects and a fat, fully franked dividend yield, this could be the 'story stock' of 2014-15! Get The Motley Fool's #1 pick now in our newly updated investment report. It's yours FREE. Simply click here for your copy of "The Motley Fool's Top Stock for 2014-15." If you wait too long, you might miss out!

Motley Fool writer/analyst Mike King owns shares in Nearmap. The Motley Fool owns shares of Infomedia. You can follow Mike on Twitter @TMFKinga

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