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These 10 penny stocks have jumped a level up

Geyatee Deshpande
/ Categories: Trending, DSIJ News

When penny stocks lock-in at their respective upper circuits for consecutive days, they tend to give higher returns

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These 10 penny stocks have jumped a level up

Penny stocks are known to trade at low rates for a number of reasons. The most common being that a larger portion of the investing community isn’t much inclined towards them and if they do invest, then they exit as soon as they deliver good returns.  

Investors tend to stay away from such stocks because either unreliable or less information is available regarding their fundamentals & businesses. However, on the contrary, penny stocks are also known to reward multi-bagger returns within a few trading sessions.  

Since such type of stocks are quite illiquid; in most cases, only a few orders can lead to hitting the circuit limit on the exchange. When these stocks lock-in at their respective upper circuits for consecutive days, they tend to give higher returns.  

Most of the time, a movement in penny stocks is seen due to some news or turnaround event while other times, owing to strong fundamentals and growth outlook. However, the speculation also leads to an increase in trading volumes and prices soar.  

Recently, as many penny stocks were outperforming, a few have shined too well to jump out of the category of penny stocks. If you consider penny stocks as those trading below Rs 10, here is a list for you: 

Company name   Returns (per cent)   LTP (Rs)  
Since June 1 TD   YTD  
SREI Infrastructure Finance Ltd   102.66   82.95      15.93  
Arcee Industries Ltd   89.63   130.37      11.82  
Reliance Power Ltd   87.63   365.04      16.99  
GTL Ltd   87.58   182.52      19.34  
Andhra Cements Ltd   86.34   173.78      18.19  
Peninsula Land Ltd   79.95   114.95      12.95  
Brightcom Group Ltd   76.43   71.91      16.19  
Fundviser Capital (India) Ltd   75.14   93.92      12.10  
Jump Networks Ltd   64.66   -16.69      12.78  
Jaiprakash Associates Ltd   62.92   79.57      13.36  
Previous Article Nifty back in green: Buy-the-dip strategy works again; J&K Bank and Birla Cable lock in 20 per cent upper circuit
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