Multibagger Alert: Penny Stocks Under Rs 10 That Gave Returns Up To 453 Per Cent YTD
Penny stocks can be exciting because they are cheap and can go up a lot in value. However, they are also very risky.
Penny Stocks often attract investors seeking multibagger potential. These low-priced stocks can offer significant returns. However, it's crucial to tread cautiously. Penny stocks are highly volatile and often lack fundamental strength, making them risky investments.
Advantages of Penny Stocks
- Affordability: Penny stocks are relatively inexpensive, making them accessible to small investors.
- High Potential Returns: Due to their low price, even a small percentage increase can result in significant returns.
- Market Sentiment: Positive market sentiment or news can drive rapid price appreciation.
Disadvantages of Penny Stocks
- High Volatility: Penny stocks are often highly volatile, making their prices fluctuate wildly.
- Lack of Liquidity: Low trading volumes can make it difficult to buy or sell these stocks quickly.
- Risk of Manipulation: Penny stocks are susceptible to manipulation by market participants, leading to artificial price swings.
- Poor Fundamentals: Many penny stocks lack strong fundamentals, such as consistent earnings and revenue growth.
- High Risk of Loss: The risk of losing the entire investment is significantly higher compared to established, Large-Cap stocks.
Penny stocks can be exciting because they are cheap and can go up a lot in value. However, they are also very risky. Their prices can change quickly, and it can be hard to buy or sell them. Sometimes, people try to trick others into buying or selling these stocks at the wrong price. It's important to know a lot about a company before investing in its penny stock.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Following are 30 penny stocks that gave multibagger returns up to 453 per cent year-to-date (YTD Basis):
|
Company Name
|
LTP (Rs)
|
YTD Returns (%)
|
|
Blue Chip India Ltd
|
9.12
|
453
|
|
Omansh Enterprises Ltd
|
2.57
|
414
|
|
Dhenu Buildcon Infra Ltd
|
9.59
|
392
|
|
Tridev InfraEstates Ltd
|
8.98
|
296
|
|
ARC Finance Ltd
|
2.75
|
282
|
|
JMG Corporation Ltd
|
8.16
|
269
|
|
Bridge Securities Ltd
|
5.64
|
248
|
|
Excel Realty N Infra Ltd
|
1.41
|
236
|
|
Shyama Computronics And Services Ltd
|
6.80
|
227
|
|
Gemstone Investments Ltd
|
3.73
|
216
|
|
Baroda Extrusion Ltd
|
9.19
|
214
|
|
Supreme Engineering Ltd
|
3.31
|
205
|
|
Svam Softwares Ltd
|
7.75
|
196
|
|
Vandana Knitwear Ltd
|
6.09
|
188
|
|
Taparia Tools Ltd
|
8.76
|
186
|
|
Landmarc Leisure Corporation Ltd
|
2.17
|
165
|
|
Kretto Syscon Ltd
|
1.53
|
160
|
|
Viji Finance Ltd
|
3.76
|
158
|
|
Universal Arts Ltd
|
5.47
|
156
|
|
Eureka Industries Ltd
|
8.95
|
154
|
|
Shangar Decor Ltd
|
9.70
|
141
|
|
Radaan Mediaworks India Ltd
|
4.41
|
135
|
|
Mid East Portfolio Management Ltd
|
9.27
|
124
|
|
Ramchandra Leasing & Finance Ltd
|
2.06
|
124
|
|
SGN Telecoms Ltd
|
1.17
|
113
|
|
Tiaan Consumer Ltd
|
6.95
|
113
|
|
Beeyu Overseas Ltd
|
5.75
|
110
|
|
Khyati Multimedia Entertainment Ltd
|
3.47
|
109
|
|
Evexia Lifecare Ltd
|
3.98
|
109
|
|
Perfect-Octave Media Projects Ltd
|
4.15
|
108
|
Do you own any of the above penny stocks into your portfolio? Do let us know in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.