Five most successful penny stocks in last ten years! Do you own any of them?
When it comes to investing, penny stocks are one of the most popular categories of stocks for investment among the retail participants.
Have you ever wondered why there is a lot of hype around penny stocks? The most prominent factor behind this is the perception that these are available at a cheap valuation i.e. these trade at a lower price. Besides, investors believe that they can buy a good chunk of these stocks with a reasonable amount of capital. Also, a lot of people have the get-rich mentality, which means that they expect penny stocks to turn into a ‘diamond’ someday!
As we know, the last 15-16 months have been fabulous for the markets. We have seen many penny stocks go on insane runs and delivering multifold returns during this period.
However, in this article, we will not talk about those stocks that have seen a run-up during this period; instead, we will discuss the top five most successful penny stocks in the last ten years.
So here is the list of the top five most successful penny stocks:
Suven Life Sciences: The company is involved in the business activities of manufacturing pharmaceuticals, medicinal chemicals, and botanical products. It turned out to be an over 100X bagger in the last ten years as the stock jumped more than 13,000 per cent.
Welspun India: The company is involved in the business activities of manufacturing other textiles. The stock gained over 5,000 per cent in the last 10 years.
Apcotex Industries: The company is involved in the business activities of manufacturing synthetic rubber in primary forms. The stock has delivered more than 2,300 per cent to its shareholder in the last 10 years.
Trident: Trident is involved in the business activities of spinning, weaving, and finishing textiles. The stock has jumped 1,986 per cent in the last 10 years.
Alembic Ltd: The company is engaged in pharmaceuticals, real estate, and power asset businesses. It is up by 1,335 per cent in the last 10 years.