6 penny stocks turned multibagger, delivered up to 285% returns in 2024. Do you own any?
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Multibaggers
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:
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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.
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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.
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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.
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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.
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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.
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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.