3 Multibagger Penny Stocks That Have Harvested Up To 150% Return Over The Past Month
This small-cap stock from the textile space has performed phenomenally even amidst this market chaos. The return over 1 month of the action was around 147%. The share as of December 31, 2021 was priced at Rs. 6.8 per share, signifying a YTD yield of 724%. One of the reasons for the quick gains in the scrip is that the stock hit the back to back upper circuit and until yesterday we saw the stock hit the 5% upper circuit, where it hit its all-time high. lifetime. So if we compare the stock to the index, it generated alpha returns.
The company previously known as Kansal Fibers was only recently rebranded and is engaged in spinning, weaving, knitting, combing and manufacturing all kinds of fibers.
This is another penny scrip that has outperformed and is from the wrapper space. The Company is engaged in the printing of labels, stationery, magazines and cartons. KCL has diversified into engineering goods, electrical and mechanical heat tracing and turnkey projects through its subsidiaries. The promoter’s participation in the scrip was maintained at a good level above 59%.
This small cap certificate falls under the edible oil category and just a month ago it was priced at Rs. 46.85 as of Feb 7, 2022. Thus gaining 122% over the period. The company’s m-cap was the latest at Rs. 34 crores. It is usually a weak liquid stock where any trigger can provide a big upside or a big downside.
Based in Gujarat, the company is a solvent extraction plant. In fact, the company was the first of its kind in India for solvent extraction of edible oils. The company was the major exporter of de-oiled meal from India and also had a well-established domestic market for solvent-extracted refined groundnut and rapeseed oil which was marketed and sold under reputable brands “DIAMOND” and “STAR “, both of which are registered trademarks of IEL (formerly Indian Extractions Ltd.)
|Store||Industry||1 month return||1 year return||CPM|
|Tooth Agro||Textile||147%||700%||Rs. 56.05|
|Kaiser Corporation||Packaging and Diversified Entity||150%||5638%||Rs. 22.95|
|IEL||edible oil||122%||Rs. 103.8|
Multibagger penny stocks are listed for informational purposes only and are not a recommendation to buy these stocks.