Watch for these 26 penny stocks defied gravity to zoom up to 2,600 per cent in first half of 2022
The first half of 2022 saw intense selling pressure on the Indian equities as a result of growing inflation, FPI outflow, tightening monetary policy, geopolitical concerns, and weakening currency.
The first half of 2022 saw intense selling pressure on the Indian equities as a result of growing inflation, FPI outflow, tightening monetary policy, geopolitical concerns, and weakening currency.
Penny Stocks multibagger Multi-bagger returns to the investors in the first half of the ongoing calendar year.
According to Ace Equity data, 26 equities have so far generated returns of up to 2,660 per cent in 2022 with three stocks experiencing gains of over 1,400 per cent.
The trading & distribution company Kaiser Corporation, situated in Mumbai, is at the top of the list after soaring 2,667.03 per cent during the first half of 2022. The stock increased from its close of Rs 2.79 on December 31, 2021, to Rs 77.2 on June 30, 2022.
Following are the penny stocks that rose 2,600 per cent from January:
Sr No.
Company Name
Price on 31/12/2021
Price on 30/06/22
Return (per cent)
1
Kaiser Corporation ltd.
2.76
77.2
2667.03
2
Gallops Enterprises
4.56
79
1632.46
3
Hemang Resources
3.09
48.55
1471.2
4
Alliance Intergated Metalliks
2.71
25.3
833.58
5
Beekay Niryat
7.41
50.15
576.79
6
BLS Infotech
0.63
4.09
549.21
7
Sadhna Broadcast
2
12.15
507.50
8
Mid India Industries
3.53
21.2
500.57
9
Cressanda Solutions
6.47
31.7
389.95
10
Khoobsurat
0.5
2.13
326.00
11
Diligent Industries
2.88
9.94
245.14
12
Step Two Corporations
5.98
19.95
233.61
13
VCU Data Management
9.97
30.15
202.41
14
Toyam Industries
4.11
12.32
199.76
15
Triveni Glass
7.62
22.65
197.24
16
Jaihind Synthetics
7.28
21.45
194.64
17
Regency Trust
1.4
3.97
183.57
18
BCL Enterprises
0.85
2.15
152.94
19
Swadeshi Polytex
6.14
15.44
151.47
20
Modern Steels
7.94
19.65
147.48
21
MPS infotechnics
0.29
0.71
144.83
22
Sonal Adhesives
9.34
22.51
141.01
23
Gilada Finance & Investments
8.56
19.5
127.8
24
Madhusudan Securities
1.59
3.44
116.35
25
Tine Agro
6.8
14.5
113.24
26
Lesha Industries
6.3
12.6
100