- Date : 24/07/2022
- Read: 2 mins
About 26 stocks are showing a 2,770% return in the year 2022, as per Ace Equity. Among these, three particular stocks have delivered more than 1,400 %.
New Delhi: Indian equity has been undergoing a severe turmoil situation in the first half of 2022. The reasons for this are falling Rupee currency, geopolitical tensions, rising inflation, monetary policy tightening, and FPI exodus.
Despite this stock market crisis, more than 24 penny stocks have delivered extraordinary humungous returns to the investors. These massive returns have been generated in the first half of the ongoing calendar.
On the top of the list is Kaiser Corporation, the Mumbai-based trading and distribution firm. This firm alone has delivered a whopping 2,667.03% during the first half of 2022.
On December 31, 2021, it closed at INR 2.79. However, on June 30, 2022, it was showing a very impressive rise to INR 77.2.
In second place is Gallops Enterprises, an Ahmedabad-based realty firm. It is showing a more than delightful 1,632% return for the relevant period. Following it is Hemang Resources, a Chennai-based coal trading firm, at 1,471% for the concerned period.
Several players were able to garner 500%+ returns like Mid India Industries (500 % up), Sadhna Broadcast (510 % up), BLS Infotech (550 % up), Beekay Niryat (575 % up, and Alliance Integrated Metaliks (835 % up).
As you can see, plenty of players were able to deliver handsome returns of 200-400%. Among these are Toyam Industries, VCU Data Management, Step Two Corporation, Diligent Industries, Cressanda Solutions, Diligent Industries, and Khoobsurat.
As of now, there is no agreed-upon definition of penny stocks among economists.
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.