Indian indices have traded mixed this year, as the BSE Sensex soared 2.80 per cent, the BSE Midcap index soared 0.28 per cent and the BSE Smallcap index plunged 2.96 per cent.

The stock has a PE multiple of 6.16 and an ROE of 368.02 per cent respectively.

Wall Street indices ended lower overnight after the latest Fed rate hike. Mirroring the weakness on Wall Street, the majority of global indices witnessed a downturn. 

The stock has increased by 54.72 per cent year to date, although the BSE Sensex has only increased by 5.66 per cent. Investors must keep this stock on their watch list.

Following are the penny stocks that gave multi-bagger returns in just 1 month:

About 1,207 shares have advanced, 2,309 declined and 124 are unchanged. PSU Banks, FMCG and pharmaceutical companies have witnessed healthy buying interest but IT and teck equities continue to struggle. However, the Indian indices ended the day higher.

The FIIs purchased shares worth Rs 369 crore during the most recent trading session, while DIIs sold shares worth Rs 295 crore.

The markets depicted a substantial amount of volatility in a month which was full of surprises i.e. in May 2022. The major event in early May was the unscheduled MPC meet called by RBI amidst rising inflation. It ended up hiking repo rates by 40 bps and CRR by 50 bps. Both the benchmark indices i.e. Sensex and Nifty closed the month on a lower note. The broader markets also ended the month on a tepid note. On the sectoral front, the sectors which shone despite heavy selling were autos and FMCG whereas the one that faced a big pressure point was the metal sector.