Sun. Jul 21st, 2024

Small but Mighty

Many investors choose to invest in penny stocks, anticipating a quick and substantial return, despite the inherent risk associated with such investments. ETMarkets has conducted an analysis of penny stocks trading below Rs 20 per share with a market capitalization below Rs 1000 crore at the beginning of 2023. Some of these stocks have since become multibaggers, with 113 initially identified stocks showing gains of over 100% year to date. We highlight six stocks that have witnessed an impressive growth of over 900% during the same period, and they continue to trade with a minimum volume of 1000 shares. (Data Source: ACE Equity)

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