6-Month Multibaggers: Penny Stocks Under Rs 10 to Watch Now
What are penny stocks?
On Friday, the benchmark indices ended the trading session in the green with the BSE Sensex Index down by 0.27 per cent at a level of 79,033 and the NSE Nifty-50 Index down by 0.14 per cent at a level of 24,011. About 2,133 shares have advanced, 1,768 declined and 111 are unchanged on the BSE.
The market capitalisation of BSE-listed companies amounts to Rs 4,39,24,744 crore, accompanied by 267 stocks hitting a 52-week high and 21stocks reaching a 52-week low as of the closing of June 28, 2024.
On the broader market, the indices were trading in green with the BSE Mid-Cap Index up 0.41 per cent and the BSE Small-Cap Index up by 0.56 per cent.
What are Penny Stocks?
In the Indian stock market, you can find exciting opportunities in small, emerging companies with shares priced typically below ₹10. These "micro-cap" stocks offer investors the chance to get in on the ground floor of potentially high-growth businesses. While volatility is a natural part of the discovery process for young companies, careful research can help you uncover promising ventures with the potential for big returns.
Also Read: 1:1 Bonus Share & 10:1 Stock Split: Ashish Kacholia bought 9,10,000 shares of this multibagger civil construction company; Scrip hit upper circuit
Following is the list of penny stocks under Rs 10 that gave multibagger returns in just 6 months:
|
Company Name
|
LTP (Rs)
|
6 Months Returns (%)
|
|
Shekhawati Poly-Yarn Ltd
|
4.61
|
304
|
|
CNI Research Ltd
|
8.17
|
240
|
|
Rollatainers Ltd
|
4.55
|
235
|
|
M Lakhamsi Industries Ltd
|
3.76
|
219
|
|
Shyama Infosys Ltd
|
6.62
|
218
|
|
Blue Chip India Ltd
|
4.22
|
156
|
|
Vandana Knitwear Ltd
|
5.25
|
148
|
|
Sunshine Capital Ltd
|
3.02
|
146
|
|
GTL Infrastructure Ltd
|
3.27
|
141
|
|
Padmanabh Industries Ltd
|
7.76
|
118
|
|
Nila Spaces Ltd
|
9.99
|
117
|
|
Viji Finance Ltd
|
3.17
|
117
|
|
Baroda Extrusion Ltd
|
6.26
|
114
|
|
Ishaan Infrastructures & Shelters Ltd
|
8.18
|
114
|
|
Minaxi Textiles Ltd
|
4.10
|
112
|
|
Wagend Infra Venture Ltd
|
1.91
|
112
|
|
Rolta India Ltd
|
5.53
|
111
|
|
Franklin Industries Ltd
|
5.39
|
106
|
|
BGIL Films & Technologies Ltd
|
9.81
|
104
|
|
Geetanjali Credit and Capital Ltd
|
4.75
|
101
|
Do you own any of these stocks in your portfolio? Do let us know in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.