Top-performing penny stocks; 3 Companies Doubled in Value, 2 Generated 10-fold Returns

As many as 20 penny stocks have gained more than 20 per cent in a month and more than 50 per cent in a year.

In the last month, the Nifty 50 has increased by 2.81 per cent, while Nifty Realty has shown an impressive surge of 20.30 per cent.

What's more impressive is the performance of Penny Stocks during this market rally. Penny stocks are frequently regarded as unhealthy stocks and are not preferred by long-term investors because they are deemed far too risky to include in one's portfolio.

Penny stocks are shares of small public companies that trade for less than Rs 10 per share. They are also known as microcap stocks or nanocap stocks. Penny stocks are considered to be high-risk investments because they are often illiquid and volatile. However, they also have the potential for high returns.

As many as 20 penny stocks have gained more than 20 per cent in a month and more than 50 per cent in a year in the last month, with Transgene Biotek and Softrak Venture being the best-performing penny stocks respectively. The share prices of these companies have skyrocketed.

Transgene Biotek Ltd is a biotechnology company, which manufactures and sells diagnostic kits. It involves the production and oral formulation of different proteins using TrabiORAL technology.

Softrak Venture Investment Ltd is in the business of professional, technical, and business services

Following is the list of top-performing penny stocks in the last month and year:

Disclaimer: The article is for informational purposes only and not investment advice.

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