Multibagger Penny Stocks 2024: Stocks That Delivered Multibagger Returns In 3-Months

Some penny stocks often end up offering attractive returns to investors in a short span. Penny stocks are such stocks that are priced quite low and most of them are under Rs 30 per share.

These companies have low market capitalization as well. These stocks are illiquid in nature implying they are traded far less in quantity as compared to other stocks in share market. Illiquid implies investors likely to find it tough to find buyers and sellers for such stocks in share market. Below are few penny stocks that delivered multibagger returns in a small tenure:

Sarveshwar Foods: Last trading price of Sarveshwar Foods shares on BSE is Rs 10.31 apiece with intraday fall of 4.71%. The company in 2023 announced 2:1 bonus issue and 1:10 stock split. The 52-week high price of Sarveshwar Foods stock on BSE is Rs 15.73 per share and 52-week low price is Rs 2.07 apiece, respectively. The company has a market capitalisation of Rs 1009.16 crore. The FMCG stock offered investors return of 115% in last 3-months. Sarveshwar Foods share zoomed 112% in last 6-months and zoomed 302% in last 1-year.

Salasar Techno: The 52-week high price of Salasar Techno is quoted at Rs 34.08 apiece and 52-week low price is quoted at Rs 7.20 apiece, respectively. Salasar Techno has a market capitalisation of Rs 4018.93 crore. Salasar Techno shares gave return of 93% year-to-date (YTD), zoomed 155% in last 3-months, gave return of 205% in last 1-year, and offered surge of 396% in last 2-years. Salasar Techno Engineering (STEL) is in news for acquisition plans and latest order win from Tamil Nadu GeneraIon and DistribuIon CorporaIon Limited (TANGEDCO). Last trading price of Salasar Techno Engineering share on BSE is Rs 21.51 apiece with intraday gain of 4.16%. It recommended 4:1 bonus share and ex-bonus date was Feb 1, 2024.

Comfort Intech: Last trading price of Comfort Intech share on BSE is Rs 10.06 per share with intraday dip of 1.47%. The company’s market cap is Rs 321.86 crore. Comfort Intech shares zoomed 68% in last 6-months, gave return of 271% in last 1-year, and offered gain of 1278% in last 3-years.

Vintron Informatics: Last trading price of Vintron Informatics Ltd shares on BSE is Rs 30.66 apiece with intraday surge of 1.98%. It operates in the IT Software sector industry.

The company has a market capitalisation of Rs 240.24 crore. Vintron Informatics shares surged 139% in last 3-months, soared 666% in last 6-months, and gave return of 2455% in last 2-years.

Mid East Portfolio Management: Last trading price of Mid East Portfolio Management shares on BSE is Rs 9.61 apiece. The 52-week high price of Mid East Portfolio Management shares on BSE is Rs 11.75 apiece and 52-week low price is Rs 2.80 apiece

, respectively. The company has a market capitalisation of Rs 4.83 crore. Mid East Portfolio Management shares surged 131% year-to-date (YTD) and rallied 215% in last 1-year.

Smart Finsec Ltd: Last trading price of Smart Finsec shares on BSE is Rs 12.58 apiece with intraday fall of 1.95%. The NBFC sector company has a market capitalisation of Rs 37.74 crore. Smart Finsec shares fell 15% in last 1-month, gave return of 55% in last 6-months, soared 99.37% in last 1-year, and gained 137% in last 3-years.

Disclaimer: The stocks highlight rally in shares and are not recommendation to buy, sell or hold.

We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.

Renu Baliyan Goodreturns
source: goodreturns.in