While the Sensex saw modest returns of 6.5% in 2024 (from January 1st to June 14th), a handful of penny stocks surged dramatically, with gains ranging from 100% to an impressive 285%. According to Ace Equity data, six penny stocks with the latest volume of over 5 lakh and a market cap below Rs 1000 crore have turned into multibaggers. Here's the list:
ETMarkets.com
2/7
CNI Research | CMP: Rs 8.95
CNI Research has delivered a staggering 285% return in 2024 so far. Its 52-week high and low stand at Rs 9 and Rs 1.9, respectively.
Agencies
3/7
Navkar Urbanstructure | CMP: Rs 13.76
Navkar Urbanstructure has seen a remarkable 253% return year-to-date.. The 52-week high and low of the stock were Rs 16.8 and Rs 3.7 on BSE.
PTI
4/7
Sunshine Capital
Sunshine Capital has surged by 166% in the calendar year 2024.. The 52-week high and low of the stock were Rs 4.13 and Rs 0.46 on BSE.
iStock
5/7
Franklin Industries | CMP: Rs 6.4
Franklin Industries has rewarded its investors with a 147% return in CY24. The 52-week high and low of the stock were Rs 8.26 and Rs 0.7 on BSE.
ANI
6/7
UTL Industries | CMP: Rs 4.54
UTL Industries has gained 109% in the calendar year 2024. The 52-week high and low of the stock were Rs 4.54 and Rs 1.5 on BSE.
Reuters
7/7
Excel Realty N Infra | CMP: Rs 0.83
Excel Realty N Infra has delivered nearly 100% returns to its investors in CY24. Its 52-week high and low are Rs 0.9 and Rs 0.34, respectively.
The top multibagger stocks for the next 10 years in India, based on market capitalization, include Vikram Thermo (India) Ltd, Premier Polyfilm Ltd, Alufluoride Ltd, G M Polyplast Ltd, and E Factor Experiences Ltd. These stocks are anticipated to offer significant growth opportunities across various industries.
Do penny stocks ever "go big"? Penny stocks can certainly "go big," but the problem is these parabolic moves are usually short-lived. Penny stocks frequently double or triple in price in short periods, but these companies usually have a very bleak 5-year chart.
Identifying multi-bagger stocks involves thorough research and analysis. Look for companies with strong financials, consistent growth, good management, and a large market opportunity. Other factors to consider include low debt, high return on equity, and a unique business model.
Another simple answer to the question – of how to identify Multi-Bagger stocks is to look for businesses that have high margins. Usually, multi-baggers command high margins either due to a lack of competition or because they command a leading position in the industry.
Which stocks may benefit from the Union Budget? JM Financial highlighted several stocks that are expected to be in focus ahead of the Budget which include Mahindra & Mahindra Ltd, Hero MotoCorp Ltd, ITC Ltd, Sumitomo Chemical India Ltd, Reliance Industries Ltd, Power Grid, and NTPC Ltd.
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