This Penny Stock has given the best returns since the market crash of 2020

Our research suggests that there are at least 21 penny stocks that gained by more than 1000 per cent since April 2020 when the Sensex bottomed out, till June 30 i.e., H1 of 2021.

Since the market crash forced by the pandemic led lockdown, we have seen several stocks multiply in their value. Several penny stocks have gained in price substantially since the market hit bottom in 2020.

Our research suggests that there are at least 21 penny stocks that gained by more than 1000 per cent since April 2020 when the Sensex bottomed out, till June 30 i.e., H1 of 2021.

Ashiana Agro emerges as the top penny stock gainer since April 2020 till June 30, 2021. The share price of Ashiana Agro has jumped by 4303 per cent during the period and what is even noteworthy is the fact that the shares of Ashiana Agro have gained by ~30 per cent since July 1 till date, after a stellar rally since April 2020.

Ashiana Agro Industries is involved in financing activity and generates income from interest on loans.

The compounded profit growth in past five years is 25% and its RoE is 1.2 per cent. At current price the stock PE is 231.

Penny stock investing is an art that very few investors understand. Thorough research and fundamental analysis is required before investing in penny stocks.