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Top 6 Penny Stocks With Multibagger Returns: Stocks With Returns Over 1400%
Penny stocks have quite low market capitalisation and they are generally listed on a smaller exchange. These stocks may have prices below Rs 10. Penny stocks are considered to be high risk stocks as a result of lack of liquidity, lesser number of shareholders, and restricted disclosure information. There are chances that you buy a penny stock at a low price, but find it difficult to discover buyers when you desire to sell it. We have analyzed top 6 penny stocks that could assist investors build wealth. Here are they:
| Company Name | Return |
|---|---|
| Impex Ferro Tech Ltd | 1442% |
| Punjab Alkalies & Chemicals Ltd | 1106% |
| Goldiam International Ltd | 809% |
| TGV Sraac Ltd | 528% |
| Suzlon Energy Ltd | 198% |
| South Indian Bank Ltd | 77% |
1. Impex Ferro Tech Ltd
The current market price of the stock is R 5.28 apiece with intra day decline of 2.58%. The stock's 52-week high is quoted at Rs 17 apiece and 52-week low is quoted at Rs 1.29 apiece, respectively.
It has a market capitalisation of Rs 46 crore. The stock has delivered a return of 1442% in last 3-years and 332% in last 1 year only. The small cap company was incorporated in 1995 and operates in Metals-Non Ferrous sector.
2. Punjab Alkalies & Chemicals Ltd
The current market price of the Punjab Alkalies is Rs 82 apiece with 52-week high at Rs 100 apiece and 52-week low at Rs 28 apiece, respectively. The company has a market capitalisation of Rs 1987 crore.
The stock has given a return of 1106% in last 5-years, 847% in last 3-years, and 146% in last 1-year. The small cap company, incorporated in 1975, operates in the Chemicals sector. Its key product is Caustic Soda Lye and it is the biggest producer of Caustic Soda in the North India region. The by-products are Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen gas, among others.
3. Goldiam International Ltd
The current market price of the Goldiam International Ltd is Rs 141 apiece with 52-week high quoted at Rs 216 apiece and 52-week low quoted at Rs 116 apiece, respectively. The company has a market capitalisation of Rs 1538 crore. The stock has given a return of 809% in last 5-years and 405% in last 3-years. The small cap company operates in Gems and Jewellery sector. It is engaged in the manufacturing and exporting of gold and diamond jewelry to global retailers.
4. TGV Sraac Ltd
The current market price of the stock is Rs 139 apiece with 52-week high at Rs 182 apiece and 52-week low at Rs 44 apiece, respectively. It has a market capitalisation of Rs 1488 crore.
The stock has given a 5-years return of 139% and 3-years return of 528%. In last 1-year, the shares have jumped 140% with 60% jump in just 3 months only. The small cap company was incorporated in 1981 and operates in Chemicals sector. It is engaged in the production of chlor-alkali products, chloromethane, castor derivatives and fatty acids.
5. Suzlon Energy Ltd
The current market price of Suzlon is Rs 8 apiece with 52-week high at Rs 12 apiece and 52-week low at Rs 5 apiece, respectively. The company has a market capitalisation of Rs 8,159 crore. The stock has given a return of 198% in last 3-years. The small cap company operates in Power sector and incorporated in 1995.
6. South Indian Bank Ltd
The current market price of South Indian Bank is Rs 14 apiece with an intraday gain of 3.64. Its 52-week high is Rs 14.64 and 52-week low is Rs 7 apiece. It has a market capitalisation of Rs 2982 crore. The stock has given a return of 52% in 1-year, 77% in last 3-months only, and 53% in last 1-month.
The banking company came into existence way back in 1929. It declared a consolidated income of Rs 1,995 crore, up 6.80 for the quarter ended September 30, 2022.
Disclaimer
The above penny stocks have given multibagger returns to investors. 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.
