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5 Top Penny Stocks That Became Multibaggers Of 2022
Penny stocks refer to those stocks that trade at quite low prices with low market capitalisation. They are largely liquid and generally find them listed on relatively smaller exchange. Penny stocks may have prices below Rs 10. These stocks are risky in nature due to lack of liquidity, limited disclosure information, and less shareholders. But, sometimes risky bets end up giving higher returns. Below are 5 penny stocks that became multibaggers of 2022:
1. Shanti Educational Initiatives Ltd
The last trading price of the Shanti Educational is Rs 67.40 apiece with a 52-week high at Rs 116 and 52-week low at Rs 8 apiece. The company has a market capitalisation of Rs 1085 crore.
It is company with low debt, and it has achieved highest recovery from 52-week low. There is no apparent threat to this stock. It has registered dip in net profit with declining profit margin QoQ. The stock has given a return of 550% in just 1-year period.
The small cap company was incorporated in 1998 and engaged in Learning & Education sector.
2. Swiss Military Consumer Goods Ltd
The last trading price of Swiss Military Consumer Goods Ltd is 19.95 apiece with an intraday decline of 1.97%. The stock's 52-week high is quoted at Rs 30 apiece and 52-week low is quoted at Rs 2.96 apiece, respectively.
The company has a market capitalisation of Rs 392 crore. It is a company with high TTM EPS growth and it has also achieved highest recovery from 52-week low. The stock faces no threat. The shares have given a return of 172 in last 1 year and 833% in last 3 years.
The small cap company was formed in 1989 and engaged in Miscellaneous sector.
3. JMD Ventures Ltd
The penny stock's last trading price is quoted at Rs 10.24 apiece. Its 52-week high is Rs 10.24 apiece and 52-week low is Rs 1.91 apiece, respectively. It has a market capitalisation of Rs 29.55 crore.
JMD Ventures has given whopping return of 229% in just last 3 months and 396% return in last 1 year. The company has no debt in the last 5 years. It is a company with high TTM EPS growth. It operates in Media & Entertainment sector.
The small cap company came into existence in 2000. The company in September 2022 only fixed record date for 1:1 bonus share.
4. ABC Gas (International) Ltd
The last trading price of the penny stock is Rs 94.70 apiece on BSE with an intraday gain of 4.99%. Its 52-week high is Rs 153 apiece and 52-week low is Rs 10.66 apiece, respectively. It has a market capitalisation of Rs 18.75 crore. The stock with its strong return of 232% in 3 months and 462% in 1 year emerged as the multibagger penny stock of 2022. The small cap company came into existence in 1980 and operates in Metals Non-Ferrous sector.
5. Sonal Adhesives Ltd
The last trading price of Sonal Adhesives Ltd is Rs 95.80 apiece with its 52-week high at Rs 111 and 52-week low at Rs 6.67 apiece, respectively. The company has a market capitalisation of Rs 58 crore. The shares have given 3-months return at 164% and 1-year return at 722%. With its strong return throughout the year, it has become multibagger penny stock of 2022. The small cap company came into existence in 1991 and operates in Plastics sector.
Disclaimer
The above is the list of penny stocks that have given multibagger returns in the last 1-year and became multibagger penny stocks of 2022. Greynium Information Technologies, the Author, and the respective Brokerage House 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.
