Indian stock market: These 5 penny stocks turn into multibaggers YTD, give up to 210% returns
BSE Sensex has dropped 1.5% year-to-date (YTD), while the Nifty 50 is down more than 0.4% since the beginning of 2024. The drop in the Indian stock market has been largely led by the outflow of foreign institutional investors’ (FII) money amid rising bond yields in the US. However, despite the volatility in the market, some penny stocks registered whopping gains so far this year.
Some of these penny stocks on Dalal Street have risen around 100% to 200% in 2024 so far. Also Read: Stock market today: Why small-cap index today crashed over 1000 points — explained with 5 reasons Here is the list of top gainer penny stocks this year: 1] Svaraj Trading & Agencies: This micro-cap stock has jumped 210% in 2024 so far. The stock trades at ₹20.13 apiece with a market capitalization of ₹29.69 crore on the BSE.
It hit a 52-week high of ₹20.95 on February 8, 2024. The company is in the business of trading and investment in securities. This stock is listed in XT category on BSE.
This is one of the multibagger penny stocks of the Indian stock market as it has delivered near 189% return in the last one month, whereas in the last three months, this multibagger penny stock has risen around 212%. 2] Earum Pharmaceuticals: Earum Pharmaceuticals is engaged in the pharmaceutical business involving marketing, trading and distribution of a wide range of pharmaceutical formulation products, of which around 120 products are marketed by the company under its own brand name, the manufacturing of which is outsourced by it to third parties. Apart from pharmaceutical formulation products, it also deals in trading of active pharmaceutical ingredients (API’s).
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