- Date : 27/07/2022
- Read: 3 mins
5 Penny stocks more than doubled in the last month.
The US Federal Reserve is expected to hike the interest rates further in the upcoming July meeting. The increase of interest rates by the US Federal Reserve has kept the markets across the globe volatile. The returns this year have been negative, and the small-caps and midcaps have performed even worse.
Yet, in this volatility, some penny stocks have been outperforming the markets. Here we bring you 5 penny stocks with 120% to 170% returns in the last month. For instance, if you invested Rs 1 Lakh in these stocks last month, you would have Rs 2.2 – 2.7 Lakhs. Read to know more.
Top penny stocks in the last month
The stock returns are given below:-
As seen in the list above, the returns on these stocks are 120% to 170%. Haria Apparels was incorporated on 1st February 2011 as a Limited Company. The company is in the business of manufacturing and exporting ready-made garments. The company has several products, including napkins, bedcovers, cushions, caps, t-shirts, curtains, etc. Rs 1 Lakh invested in the stock one month ago would get you Rs 2.7 Lakhs today. The stock has had a good return in the last year as well, with more than 294% returns.
Kore Foods Ltd is a food processing company founded in 1983. The company is based out of Goa and produces quality cashew nuts, almonds, and pistachios for exports as well as domestic sales. The company has special products for 5-star hotels as well. The stock has returned 167.46% in the last month.
DSJ Keep Learning is in the ed-tech sector, and it helps educational institutes build technology infrastructure. It also has a career-enablement platform to help professionals grow in their careers. The stock has had a 281% return in the last year and 168.48% in the last month.
Sturdy Industries Ltd was founded in 1989, and it is in the manufacture of cables, conductors, sprinklers, etc. The stock has a return of almost 120% in the last month.
Regency Ceramics is a tile manufacturer and exporter, and the stock has given a 120% return in the last month. In the last year, the stock has given more than 260% return. Rs 1 Lakh invested in the stock one year ago would mean an investment of almost Rs 3.6 Lakhs today.
These penny stocks given above have given good returns in the last month. The markets were volatile, but these stocks were on fire in the last month. Past performance is no guarantee of future returns, and you should do your own due diligence. But if the historical returns are an indicator, these stocks have been outperforming the markets and are giving returns even in these volatile times. Read this expert article to understand the 4 key indicators to identify undervalued stocks
Disclaimer: This article is intended for general information purposes only and should not be construed as investment advice. The reader should separately obtain investment advice when making financial decisions.