These are the penny stocks that doubled in 2022 after more than doubling in CY21; know more here!

In 2022, so far, penny stocks have gained upto approximately 700 per cent. 

The year 2021 belongs to small-caps and Mid-Caps of the world even as BSE Sensex gained more than 21 per cent in CY21.  

CY21 saw several stocks multiplying in price. We saw Penny Stocks outperforming the markets in CY21, which multiplied in price. What is rare to see is that penny stocks, which doubled in CY21 also managed to double in CY22, so far!  

In 2022, so far, penny stocks have gained upto approximately 700 per cent. BLS Infotech, Diligent Industries, Khoobsurat, Sylph Technologies, Gujarat Cotex, Nexus Surgical And Medicare have gained by 674 percent, 417.72 per cent, 408 per cent, 388 per cent, 360 per cent and 339 per cent, respectively on YTD basis. We find there are at least 12 penny stocks that have gained more than 100 per cent on YTD basis, that trade below Rs 20 per share.

Following is the list of four penny stocks that managed to double in CY21 and again gained by more than 100 per cent in CY22 -