Top 5 fastest multibagger penny stocks of 2024; top stock jumps by 430.5 per cent!

Top 5 fastest multibagger penny stocks of 2024; top stock jumps by 430.5 per cent!

Karan Dsij

Top performing multibagger penny stock of 2024 jumps by 430.5 per cent

Celebrations abound in India, not just for the soaring heights achieved by the Indian benchmark indices, but also for the union of two beloved individuals: Anant Ambani, son of Mukesh Ambani, and Radhika Merchant. The pre-wedding festivities of this dynamic duo have attracted luminaries from around the world, treating attendees to a dazzling array of entertainment, from Bollywood extravaganzas to Rihanna's electrifying performances.

Interestingly, amidst the glamour and glitz, some stocks on D-Street, colloquially known as Penny Stocks, have outshone even the most dazzling performances, transforming into multibaggers in remarkably short spans of time.

Assessing sectoral performance on a year-to-date basis, the standout performer is Nifty PSU Bank, boasting an impressive surge of nearly 25 per cent. It's closely followed by Nifty Energy and Nifty Realty, boasting gains of 18.78 per cent and 18.25 per cent, respectively.

Now, let's delve into the top five fastest penny multibagger stocks of 2024:

Stock Name

CMP in Rs

% Gains YTD

Market cap Rs in cr

Shakti Press

40.05

430.5

14.1

Gyan Developers and Builders

30.63

293

9.19

Marsons

27.48

255

385

Kisan Mouldings

43.31

236

147

Madhusudan Securities

36.21

226

31.5

 

Are any of the above-mentioned penny stocks part of your investment portfolio? Feel free to share in the comments below.

Disclaimer: The article is for informational purposes only and not investment advice. 

 

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