Rs 10,000 to Rs 17 lakh in 1 year! THESE penny stocks turn multibagger

financialexpress.com:

Multibagger returns: The Indian stock market has witnessed a stellar return in the last one year, with frontline indices soaring as much as 40%. Benchmark indices Sensex and Nifty have risen by 25% and 28%, respectively during this period. Broader indices have seen even broader rally. BSE200 and BSE500 have jumped up to 39% over the last one year. Other broader indices like Nifty100 and Nifty500 surged up to 34% and 40%, respectively during this period.

Amidst this rally, several microcap stocks have seen their prices skyrocketing by over 15,000%. Here are five penny stocks that have generated returns ranging 4000% to 16,500%.

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Sri Adhikari Brothers Television Network Ltd shares have zoomed over 16,545% or 170 times over the past one year. On June 27, 2023, the stock price quoted Rs 1.40 per unit, and one year later, its shares are trading at 237.68 apiece (closing price on June 27, 2024).

At this rate of return, an amount of Rs 10,000 invested in this penny stock one year back would have turned into Rs 17 lakh.

If we look at the return the stock has generated over the last 6 months, the surge is over 9,000%. Its growth year-to-date in 2024 is over 8,000%.

Ceenik Exports India Ltd (NDA) stock has surged over 5,654% in the last one year and 577% in the last six months. Year-to-date, the stock has gained 538%. With its 1 year return of 5,654%, the stock would have turned an investment of Rs 10,000 into Rs 5,51,500.

Viceroy Hotels Ltd has seen its stock surge by 4,280% in the last one year and about 164% in the last 6 months and year-to-date. In this penny stock, an investment of Rs 10,000 would have grown into Rs 4.56 lakh.

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