Why these All Ords shares have almost doubled in value this month

The All Ordinaries index may be racing higher this month, but its 11% gain pales in comparison to some of the gains being made in November.

Three All Ords shares that have been on fire this month are listed below. Here’s why they are rocketing higher:

Japara Healthcare Ltd (ASX: JHC)

The Japara Healthcare share price has surged 102% higher since the start of the month. Investors have been buying the aged care provider’s shares in November despite there being no news out of the company. The catalyst for this gain appears to have been due to its rival, Regis Healthcare Ltd (ASX: REG), receiving a takeover offer from investment house Washington H. Soul Pattinson & Co Ltd (ASX: SOL). This led to sector wide upgrades being made…