5 Penny Stocks That Gave Multibagger Returns Of Upto 170% In A Month's Time

Penny stocks can be a delight for some if they just click on the right stock as they are available cheaper and can earn good profits in short term. Nevertheless, these are not quite popular and one need to be thorough in their analysis to make quick bucks from them.

5 Multibagger penny stocks with gains of up to 170% in 1-month

Millennium Online

This small cap company that in a month has clocked over 170% return, rising from Rs. 1.56 per share to Rs. 4.22 as on April 13, 2022. The company's 52-week high price is Rs. 5.64. further its lifetime high is of Rs. 41.8 per share.

In trade today also the stock has hit an upper circuit.

The company is in the business of manufacturing and trading of computer systems and peripherals. Some of its peer companies are Redington, Cerbra Integrated among others.

ACI Infocom

The share price of ACI Infocom-a firm from the Computers hardware space spurted as much as 145% in a month's time from Rs. 0.89 to Rs. 2.18 per share. The company is in the business of usiness of information technology, construction and allied activities. Its peers are big IT giants such as TCS, Infosys among others. In a year's time also the stock has garnered return to the tune of 561%.

Jhaveri Credits

This company into commodity broking has spurted 136% during a month's time from a price of Rs. 3.05 to Rs. 7.19 in trade today. This is also the stock's upper circuit limit.

The Company provides broking platform on various exchanges to the clients for dealing in various commodities traded on those exchanges in present, spot and future dealings.

Alps Industries

The textile segment company has also spurted and hit upper circuit in trade today. The stock's price today is Rs. 4.85, while its price a month ago has been Rs. 2.20. The stock on the BSE has hit a price of Rs. 5.18.The Company operates in three segments: Home Furnishing and Fashion Accessories, Yarn and Architectural Products.

 

Starlite Components

This is a trading concern that in 1-month has bagged 134% returns moving high in price from Rs. 2.95 as on March 11, 2022 to Rs. 6.91 as of today.

Starlite Components is engaged in providing Electronic Ballast, Lamp Components and Drivers and Lighting Fixtures, Fittings and Light-emitting diode (LED) Lamp.

The company's peers include Havells, Polycab, Vguard among others.

Few facts on Penny stocks in India

Penny stocks as is known are low priced stocks with no well defined definition. They can be a good bet for beginners who do not want to spend aggresively on stocks or may be are not in a position so to say. Nevertheless their risk appetite needs to be high. Some of the features of the penny stock are their high unpredictability, low volume, high volatility, usually small companies and very high on risk.

Also other negatives of these stocks include susceptibility to price manipulations, sudden delisting as well as scrutiny. They usually trade in the trade to trade basket. Also, hence no intra-day trading is permitted in such stocks.

Conclusion: Here we have just listed the stocks that during the month's time has yielded multibagger returns and not delved into their analysis. So in a case in any of the above scrip excites you, you need to do a thorough analysis as all the above are highly risky with probability to offer good gains.