MULTIBAGGER PENNY STOCKS
6 penny stocks turned multibagger, delivered up to 285% returns in 2024. Do you own any?
While the Sensex saw modest returns of 6.5% in 2024 (from January 1st to June 14th), a handful of penny stocks surged dramatically, with gains ranging from 100% to an impressive 285%. According to Ace Equity data, six penny stocks with the latest volume of over 5 lakh and a market cap below Rs 1000 crore have turned into multibaggers. Here's the list:
Multibagger tracker: 7 low-priced stocks double money in 6 months as FIIs raise stake
Low-priced stocks attract institutional interest, yielding multibagger returns within six months. Nitco leads with a 179% surge, followed by IFCI, Newtime Infrastructure, Unitech, Hindustan Motors, Cupid, and PVP Ventures.
Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month
Smallcap investors suffered losses due to the Mahadev Online Book scam involving entities like Hari Shankar Tibrewala. Several listed stocks linked to the scam saw significant value depreciation, causing panic in the stock market.
What are penny stocks? How to identify promising opportunities there? Shweta Jain answers
Penny stocks are often misunderstood, but smallcap companies offer more reliable information and better quality businesses. If you are okay with losing money, then you look at a penny stock. But if you are looking at investment, then smallcap is the way to go. To identify promising penny stocks, investors should evaluate information, business prospects, founders' background, audited results, and auditors amidst the vast choices available.
Beneficiaries of possible lower interest rates? 5 construction & contracting companies with upside potential of up to 32%
Whether it is an individual or a company, interest rates matter to every segment of the economy, the only difference is how strong is this co-relationship. For an individual, his or her EMI, right from home loans to personal loan to auto loan is decided by interest rates. For companies the cost of capital is decided by interest rates and capital is the lifeline for all companies. When it comes to companies, there are certain sectors which get impacted by movement in interest rates more than others. The reason is that both the demand for their product and service and their own ability to grow and have better margins has strong co-relationship with interest rates. Now with higher probability of interest rate coming down, will companies from contracting and construction space which work on wafer thin margins have better margins? If Yes, then order books which in any case are brimming may deliver more than expected.
Want to invest? Look at largecaps and midcaps where there is value: Sanjiv Bhasin
Sanjiv Bhasinrecommends investing in PB Fintech, as it has shown strong performance and has the potential for significant growth. He also highlights Tata Motors as a valuable auto company and suggests considering Tata Comm as another promising stock. Bhasin believes there is still opportunity in the real estate market and plans to reveal a top pick in the sector. He discusses the earnings of Voltas and SRF, noting that both have strengths despite some weaknesses.
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It's raining money! 88% of all BSE stocks are up, 20% turn multibagger from March lows
Out of the 3,708 stocks traded on BSE, a vast majority of 3,245 or 88% have given positive returns from the lows of March 20 till December-end. When it came to multibaggers, the list went up to 736 which means every 5th stock has doubled money.
7 penny stocks with impressive trading volumes soar over 100% in 2023
Many investors opt for penny stocks with the hope of achieving quick and massive returns on their investments. Nevertheless, it's crucial to acknowledge the inherent risk associated with penny stock investments, given that many of these stocks have low trading volumes. ETMarkets has identified 29 penny stocks that turned into multibaggers in the calendar year 2023. Our selection process involved identifying stocks currently priced below Rs 20 per share with a market capitalization of below Rs 500 crore. We further refined our selection by choosing only those stocks that boasted a trading volume exceeding 50 thousand for both their latest traded volume and 1-month average traded volume, resulting in a final selection of seven stocks meeting these criteria.
10 penny stocks turn multibaggers, deliver up to 410% returns post Q1. Do you own any?
At a time when Nifty50 delivered only 2.5% returns post Q1 of the financial year 2024 (1st July - 20th September 2023), several penny stocks have rallied 130-410%. As per Ace Equity data, here's a list of the top 10 penny stocks that have delivered up to 410% returns:
41 multibaggers, 80% win rate! SME IPOs spreading FOMO among bluechip warriors
Out of the 105 SME IPOs that got listed on Dalal Street so far in the calendar year 2023, a majority 84 have given positive returns. This translates into a win rate of 80%, which means four out of every five SME IPOs made money.
Penny stocks give large returns to D-Street investors, gain up to 67% last week
Penny stocks have outperformed benchmark indices in India, with 636 penny stocks giving index-beating returns in the past week. Companies with market capitalisations of less than INR500 crore ($67m) have performed well in a positive market backdrop, with 60 penny stocks providing returns of 20-66%.
Nomura raises stake in penny multibagger Mishtann Foods to 1.28%
Nomura Singapore has increased its stake in Mishtann Foods to 1.28%, or 12,825,854 shares, according to the FMCG product company. Mishtann said on Wednesday that it would launch new products in the domestic market, including iodised salt, crystal salt and rock salt. The move is expected to bolster the firm’s topline, it added. Offers made by Mishtann in the Basmati rice segment include Raw, Sella and Steam and cater to both wholesale and retail customers. The company also has a presence in the wheat and pulses segment and has set up a subsidiary in the United Arab Emirates.
This Ashish Kacholia-owned money spinner turned Rs 10,000 to Rs 11 lakh in 10 years
Fineotex Chemical, a smallcap speciality chemical company, has seen its shares rise by 10,837% over the last decade. The company has a market capitalisation of around INR2,800 crore ($383m) and has seen its sales grow from INR96 crore in 2013 to INR368 crore in 2022. The firm makes specialty chemicals and enzymes for various industries and also produces adhesives used in the wood and paper industry.
Multibagger penny stock in specialty chemicals biz aims to be debt free this fiscal, shares rally
Vikas Ecotech's shares jumped 3% after it announced its plans to become a debt-free company during FY24. The company has already repaid debt worth ₹5 crore, bringing the total debt reduction to ₹79.1 crore. Vikas Ecotech aims to pay back an additional ₹29.5 crore before the end of March quarter, reducing the levels to ₹54.8 crore at the end of FY23. The company produces rubber-plastic compounds and additives, serving different sectors such as agriculture, healthcare and textiles, among others. Vikas Ecotech has a market capitalisation of ₹262.76 crore and is trading at a PE of 28.57.
Up 104% this year! Multibagger penny stock to trade ex-bonus on Wednesday
SRU Steels has announced a bonus issue of equity shares in the proportion of 1:2 to increase the stock's liquidity and decrease its price. A multifold jump in net profit to Rs 49 lakh in the March quarter has triggered a 104% surge in the company's shares so far this year.
Rs 10,000-investment swells to Rs 11 lakh! This smallcap multibagger soared 11K% in just 10 years
The multibagger stock has risen from being a penny stock available at just Rs 10.20 in April 2003 to over Rs 600 currently. In the last five years, the shares have surged 522% and the same jumped nearly 830% in the last three years.
Up to 3,230% return! 59 stocks that turned multibaggers in FY23
Among other stocks, defence PSU stock Mazagon Dock Shipbuilders has rallied around 180% during the year amid government's increasing thrust on domestic manufacturing and defence spending.
Two multibagger penny stocks to trade ex-split in next four days
A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio
Multibagger penny stock that has risen 621% in 1 year sets record date for stock split
Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
Year-end special: Multibagger Alert! Over 50 penny stocks rally up to 1,900% in 2022
Penny stocks have no defined theoretical definition. However, stocks in single digits or below Rs 10 are bracketed in this club. In this study, companies with a market cap of less than Rs 1,000 crore at the end of 2021 have been considered.
Up to 1,560% returns! These 130 stocks turned multibaggers in Sept quarter
According to the data available from Ace Equity, at least 130 stocks turned multibaggers during the July to September period and delivered up to 1,560% returns on a quarter-to-date basis (QTD). Among them, 15 stocks zoomed more than 300%, whereas another dozen counters have jumped between 200-300%.
Multibagger penny stock hits upper circuit after Mauritius-based fund buys stake
The Hyderabad-based fashion company imported its machinery from South Korea and Italy for research and development (R&D) and is on an expansion spree and looking for both organic and inorganic growth opportunities, particularly in other developing countries, including the Indian subcontinent and Africa.
These 5 penny stocks turn multibaggers in 2022; do you own any?
Ideally, investors should always look for good fundamental stocks but sometimes in the stock market, the riskiest bets return the highest. We analysed penny stocks which have turned multibaggers in the calendar year 2022.
These 26 penny stocks defied gravity to zoom up to 2,800% in the first half of 2022
Alliance Integrated Metaliks (835 per cent up), Beekay Niryat (575 per cent up), BLS Infotech (550 per cent up), Sadhna Broadcast (510 per cent up) and Mid India Industries (500 per cent up) are other players to gain more than 500 per cent.
This multibagger loses sheen post 1,250% rally in a year; can it regain lost momentum?
The stock is Radhika Jeweltech, a gem and jewellery player, which has zoomed as much as 1,250 per cent in a little over a year. However, it has dropped about 20 per cent from its 52-week high amid ongoing correction. Shares of Radhika Jeweltech surged 1,240 per cent from Rs 15 in April 2021 to scale its new lifetime peak of Rs 201 on May 20, 2022. That said, the stock is currently trading near Rs 165.
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