5 Multibagger Penny Stocks Which Gave Upto 386% Return YTD

Volatile market conditions have led experts to advice caution and while the Nifty has turned negative for the year, the penny stock pack has not succumbed to the market conditions and in fact some of the scrips have given multibagger returns. Here are few such scrips which delivered handsome returns of over 100% on a YTD basis.

Before that during correction, while small caps tend to see huge correction, some of the small caps are defying trend and seeing breakout as per technicals.

Visesh Infotechnics:

This computer-software medium and small enterprise in trade on February 21, 2022 is up over 3.5% and last quoted at around Rs. 1.45 per share. The scrip on a YTD basis has yielded a return to the tune of 107%. In its recently held board meet, the company informed of the appointment of Mr. Vishal Anand as a Chief Executive Officer (CEO) of the Company w.e.f., 9th February, 2022. Further, it is important to inform you that earlier Mr. Vishal Anand was the Chief Executive Officer (CEO) of the Company for the period of two years i.e., 12th February, 2015 to 13th February, 2017. Kindly take the same on your records and oblige.

According to the company's linkedin profile, the company established in 1989 as an ERP Software Products Company is today, a mature and fast growing company committed to providing reliable and cost-effective I.T. solutions to organizations globally

 

BLS Infotech:

Again a scrip from the similar space signifying the pace at which IT and related products have penetrated the markets, the scrip of the company has gained manifold. The company is in the field of mobile app and web development since 2015 and works on the following technologies such as CMSs: WordPress, Drupal, Opencart, Magento, PHP Frameworks:-Code egniter etc.

 

Khoobsurat:

The company's share price has hit 52-week high price today after being locked in the upper circuit. Promoter shareholding in the company is low. Also, for the December ended quarter the company's profit has increased by a margin to Rs. 0.16 crore.

The company was incorporated on 17th April 1982 in city of Kolkata, West Bengal. The Company's present Authorised Capital and Paid up Capital are ₹1500.00 Lakh and ₹ 1328.44 Lakh respectively. The Face Value of Equity Shares is ₹ 1/- at present. In December 2015, the Company has sub-divided the Face Value of its Equity Shares from ₹ 10/- to ₹ 1/- per share.
The company's line of business of the Company can be divided into following sections / Segments - include Financing Activities; serving to both Individuals and Corporate Entities and Investment in Shares & Securities

 

Tuni Textiles:

The textiles weaving company has also made massive returns and its 1-year return are at 753%. The small cap stock with a m-cap of 66 crore is in the business of manufacturing and marketing of synthetics, fabrics and also deals with texturised yarn. The main products of the company are grey fabrics and polyester texturised yarn, the raw materials used are yarn and POY.

The company's fundamentals are not very encouraging with poor ROE and a high PE among others.

 

Madhusudan Securities:

This is again a small cap scrip currently priced at Rs. 5.11 per share. Also, the scrip is locked in lower circuit. The company too does not share good fundamentals.

Madhusudan Securities Ltd. is in the business of the company is engaged in financial activities. Income is generated from the sale of shares and securities and dividend.

Should you buy into penny shares?

Betting on the shares with good fundamentals such as a low P/E, good earnings visibility, stable business conditions are the key. And if it is true for a penny stock, what is bad in it, you can certainly pocket in those shares as a share with good fundamentals always tend to show up in the near to long term. And why these above mentioned scrips is not clear but experts are of the view that some of the penny scrips end up seeing back to back upper circuits and this can be one likely reason, as fundamentally there seems no major reason.

 

Penny stock	Current price	YTD gains in 2022
Visesh Infotechnics	Rs. 1.45	107.00%
BLS Infotech	Rs. 3.06	386.00%
Khoobsurat	Rs. 2.25	350.00%
Tuni Textiles	Rs. 5.12	188.00%
Madhusudan Securities	Rs. 5.11	221.00%

 

Disclaimer:

We do not recommend buying into any of the above penny scrips. Also the market conditions are highly volatile. Please take a call accordingly.

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