Delivering big time! These 10 penny stocks more than doubled investors' wealth in first half of 2023
1/11
Windfall Gains!
Penny stocks, typically with market capitalisation of less than Rs 1,000 crore, are more volatile but also have the potential to turn multibaggers in a short period of time. Here are 10 such stocks which have risen up to 300% in the first half of the current year.
2/11
Softrak Venture Investment
Softrak Venture Investment has surged as much as 307% so far this year. The stock, which has a market cap of just about Rs 26 crore, is currently trading at Rs 5.90. The company is into professional and technical business services.
3/11
Sheetal Diamonds
Shares of Sheetal Diamonds have offered 270% returns to investors on a year-to-date basis. The CMP is Rs 18. The company manufactures, supplies, and exports an exclusive range of real natural loose diamonds and jewelry.
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4/11
Soma Textiles and Industries
Soma Textiles, a leading textile fabric manufacturer and exporter, has more than tripled investors' wealth by surging 215% YTD. The CMP is Rs 28.87.
5/11
Artemis Electricals
Artemis Electricals has soared 159% so far this year. The CMP is Rs 16.65. The company manufactures indoor and outdoor LED luminaries.
6/11
Futuristic Securities
Futuristic Securities has given 130% returns to investors in the first half of this year. The current market price is Rs 18.43. Futuristic Securities provides financial and related services.
7/11
UY Fincorp
UY Fincorp, with a market capitalisation of just Rs 3.59 crore, has risen 120% on a year-to-date basis. The CMP is Rs 26.52. The company provides fund-based and fee-based services for hassle-free financial solutions.
8/11
Kiran Print-Pack
Shares of JMD Ventures delivered 111% returns to investors YTD. The CMP is Rs 24.36. The company offers diversified commercial services, including audio and video production, studio designing, e-commerce, and music academy, among others.
9/11
JMD Ventures
Shares of JMD Ventures delivered 111% returns to investors YTD. The CMP is Rs 24.36. The company offers diversified commercial services, including audio and video production, studio designing, e-commerce, and music academy, among others.
10/11
Vintron Informatics
Vintron Informatics jumped just over 100% this year. The company has a market cap of Rs 43.33 crore and a CMP of Rs 5.53. The company manufactures electronic security and surveillance products in India.
11/11
Hindustan Bio Sciences
Hindustan Bio Sciences, which has diversified operations in pharmaceutical and biotechnology sectors, surged 103% YTD. The CMP is Rs 7.69.
(With data inputs from Ritesh Presswala)
(With data inputs from Ritesh Presswala)