Winning Bizness Desk

Mumbai. The domestic stock market has been in the grip of lots of volatility for the past few weeks. After reaching its all-time high in October last year, the market has become a victim of sell-off. However, even after this, there are many such penny stocks, which have been successful in making their investors millionaires during this period. Some penny stocks have performed so well that their investors are on the verge of becoming millionaires within a year.

BSE gained 17 per cent during the last one year

The BSE Sensex has gained about 17 per cent during the last one year. Talking about the broader index, BSE Midcap is also in gains around 17 per cent. BSE Smallcap has outperformed big companies and this index has gone up 35 percent in a year. However, talking about penny stocks, they have given returns of up to 8,600 percent during the year. All of the 24 stocks that we are talking about have registered a growth of more than 1-1 thousand percent during the last one year.

Return of around 8,634 percent to investors

This penny stock tops the list. Last year on March 31, the price of this stock was just Rs 3.64. Right now it has reached close to Rs 318. In this way, this stock has given a return of around 8,634 percent to its investors throughout the year. On this basis, if an investor had invested only Rs 1 lakh in this stock a year ago, then today the value of his portfolio would have increased to more than Rs 87 lakh. That is, such an investor of this stock would have reached the verge of becoming a millionaire now.

Definition of 'Penny Stock'

Penny stocks are those that trade at a very low price, have very low market capitalisation, are mostly illiquid, and are usually listed on a smaller exchange. Penny stocks in the Indian stock market can have prices below Rs 10. These stocks are very speculative in nature and are considered highly risky because of lack of liquidity, smaller number of shareholders, large bid-ask spreads and limited disclosure of information.

HCP Plastene Bulkpack: This stock started trading in the stock market from March 26 last year and then its price was only Rs 8.26. Now it has become Rs 570.20.

Salem Erode Investments: This penny stock has given a return of about 4000 percent in the last one year. Last year on March 25, its price was just Rs 2.74, which has now gone up to Rs 110.85.

Vegetable Products: This stock has traveled from Rs 2.70 to Rs 82.65 in the last one year. That is, this stock has given a return of about 3000 percent during a year.

Cressanda Solutions: A year ago, this stock was worth less than a rupee. During this, it has traveled from just 49 paise to Rs 15.58, that is, it has given a return of more than 3000 percent.

Flomic Global Logistics: Last year on March 25, its price was only Rs 4.83, which is currently at Rs 128 with a strength of 2550 percent.

Radhe Developers (India): Its price was Rs 8.45 on 25 March 2021. Right now it is at Rs 171.15 with a strength of 1925 percent.

Chennai Ferrous Industries: Last year on March 31, this stock was only Rs 4.80. During the last one year, it increased by 1967 percent and now it is trading close to 100.

ISF: This stock has also given returns of more than 2000 percent in the last one year. A year ago it was trading at Rs 1.01 and has now reached Rs 21.39.

Brightcom Group: Last year on March 25, its rate was Rs 3.86 and now it has become Rs 86. In this way, the investors have made a profit of 2128 percent in a year.

Adinath Textiles: This stock is still in upper circuit today. This stock, which was just Rs 3.18 a year ago, is currently at Rs 59.20 with a rise of 1761 percent.

Khoobsurat: This penny stock has traveled from just 21 paise to Rs 3.39 till March 25, 2021 with a return of 1514 per cent.

NCL Research: This is the cheapest stock in this list. A year ago, this stock of only 10 paise is currently trading at Rs 1.57. That is, it has given a return of 1470 percent in a year.

JITF Infralogistics: The price of this share was Rs 7.40 on 25 March last year. Right now this stock is at Rs 114.80 with a jump of 1451 percent.