These are top-performing penny stocks when Sensex declined by more than 700 points
Many other companies belonging to sectors such as real estate, finance, agriculture, etc. were trending unfazed by the dip in market sentiments.
Since June 15, Sensex has tumbled around 1.38 per cent. A board across selling is seen as investors rushed to book profits and cash in their rewards from the recent market rally.
Even in subdued markets, penny stocks were seen outperforming. The shares of SREI Infrastructure Finance skyrocketed by around 75.76 per cent since June 14, 2021, after the company received a term sheet from Makara Capital Partners Pte Ltd (Singapore) for an investment in a subsidiary. SREI Infrastructure Finance, which is a wholly-owned subsidiary of SREI Infrastructure received a term sheet that indicates interest for an investment of about Rs 2,200 crore via subscription to equity shares and other securities, subject to other terms & conditions.
Reliance Communications, belonging to ADAG, continued its upward momentum; thus, securing a place in our list of the top-performing penny stocks.
Additionally, many other companies belonging to sectors such as real estate, finance, agriculture, etc. were trending unfazed by the dip in market sentiments.
Below is a list of penny stocks, which outperformed when Sensex tumbled by more than 700 points:
|
Company name
|
Returns (per cent)
|
|
Since June 15 TD
|
Since June 1 TD
|
YTD
|
|
SREI Infrastructure Finance Ltd
|
46.66
|
102.66
|
82.95
|
|
Supertex Industries Ltd
|
30.08
|
52.96
|
277.36
|
|
Mega Nirman & Industries Ltd
|
26.69
|
56.4
|
-54.04
|
|
Nila Spaces Ltd
|
25.76
|
59.62
|
42.29
|
|
Century Extrusions Ltd
|
17.86
|
47.76
|
88.93
|
|
Pacheli Industrial Finance Ltd
|
15.75
|
46.98
|
113.36
|
|
Reliance Communications Ltd
|
15.71
|
81.25
|
130.85
|
|
Cranex Ltd
|
15.7
|
14.67
|
21.79
|
|
ABC Gas (International) Ltd
|
15.68
|
35.51
|
67.68
|