Curated By: Business Desk
Last Updated: November 17, 2023, 10:20 IST
Investors who purchased a share of those shares a yr in the past will now reap its advantages.
Penny shares are priced very low, largely underneath Rs 30 per share. Many buyers are skeptical about investing in penny shares. This is due to their low liquidity and a restricted historic monitor document within the inventory market. There, nevertheless, have been cases the place penny shares have turned out to be multibaggers. This area articulates the checklist of these such shares.
1. Harmony Capital Services Ltd
Shares of Harmony Capital Services Ltd have reaped in income to buyers within the final yr. In 2022, the value of this share was Rs 5.29, which has now elevated to Rs 59.30. In this manner, this multibagger inventory has given a 966 p.c return to buyers in a single yr.
2. Espire Hospitality Ltd
Espire Hospitality Ltd has additionally developed right into a multibagger inventory in a yr. One yr in the past, the value of this share was Rs 13.77. On November 16, the value of this multibagger inventory closed at Rs 70.76 on the Bombay Stock Exchange. It has rallied with an increase of about two per cent and offered a return of 413 p.c to buyers in a yr.
3. Caspian Corporate Services Limited
Caspian Corporate Services Ltd, a penny inventory, additionally developed right into a multibagger inventory in a single yr. This share, which was obtainable for Rs 7 a yr in the past, closed at Rs 35.87 on the National Stock Exchange on November 16. The inventory has rallied with an increase of about 2.93 p.c. This signifies that buyers have been given 412 p.c returns in a single yr.
4. GVK Power & Infrastructure Limited
Shares of GVK Power & Infrastructure Ltd closed at Rs 11.25 on November 16 with a acquire of three.21 p.c. In 2022, the value of this share was Rs 2.80. This signifies that this penny inventory has given a 301 p.c return to buyers in a single yr.
5. Lancor Holdings Limited
The closing value of Lancor Holdings Ltd’s shares on the BSE was Rs 40.04 on November 16. In 2022, the value of this inventory was Rs 17.80. The buyers have seen double returns on their cash invested in a yr.
