2 Penny Stocks Priced Under Rs 26 Gave Return Over 174% In 1-Month, Do You Own?

2 Penny stocks priced under Rs 26 gave return over 174% in last 1-month only. These 2 stocks operate in Telecommunications sector and Textile sector. These stocks are Kavveri Telecom Products and Soma Textiles & Industries Ltd. These stocks have been hitting back to back upper circuits and trading new 52-week high. Check details below:

1. Soma Textiles & Industries Ltd

The stock's last trading price is Rs 25.81 apiece with intraday gain of 4.96% on BSE. It has been hitting back to back upper circuit and trading new 52-week high for the last 2 days (March 1 and March 2, 2023).

It hit several upper circuits in February and traded new 52-week high. It gave whopping return of 174% in just last 1-month only.

It gave 240% return in last 3-months, 246% return in last 6-months, and 160% return in last 1-year. It gave 1175% return in last 3-years and 88% return in last 5-years.

The small cap company came into existence in 1940 and operates in Textile sector. Soma Textiles & Industries Ltd is engaged in the manufacturing of cotton yarns, shirt and trouser fabrics, and denim, among others.

2. Kavveri Telecom Products

Last trading price of Kavveri Telecom Products is Rs 6.38 apiece with 10% intraday rally. It touched upper circuit on March 2, 2023. Kavveri Telecom Products has a market capitalisation of Rs 12.84 crore.

It delivered strong returns to investors in a short span of time. It gave 157% return in just 1-month and 236% return in last 3-months. The Telecommunication sector fell 36% in last 6-months.

Kavveri Telecom is a leading telecom products manufacturer, providing world-class, hardware products and solutions for the telecom industry. Founded in 1991 by a highly innovative team, Kavveri Telecom designs, develops, tests and implements a diverse range of products, from concept to deployment.

Disclaimer

The penny stocks have given multibagger returns to investors in just 1-month. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.