Penny stocks are shares of small publicly traded companies that are listed on stock exchanges with a Market Cap of upto 200 crores and the stock prices being less than Rs 50. They are not widely traded securities and their potential gains are usually determined by sharp spikes in market volatility. Penny stocks can be risky to invest in due to their lack of liquidity. However, they can provide higher returns.
Here are 3 Multibagger Penny stocks with high promoter holdings:
Caspian Corporate Services Ltd.
Caspian Corporate Services Limited started its trading session at Rs 18.17 and closed at Rs 19.25 gaining 5.94 percent. In the span of three months, the stock has logged a multibagger return of 181 percent.
Caspian Corporate Services Limited provides consultancy and advisory services. The Company provides fund raising services for entities seeking investments or aspiring to raise capital through private entities, venture capital funds, and angel funding.
On a QoQ basis, the company improved its revenues and net profits. Revenues moved from Rs 15 lakhs in Q2 to Rs 21 lakhs in Q3. Net profits of the company moved from Rs 6 lakhs in Q2 v/s Rs 20 lakhs in Q3. In the past 2 quarters, the promoters have kept their holdings constant at 74.95 percent.
Mercury Metals Ltd.
Mercury Metals Ltd started its trading session at Rs 13.60 and closed at Rs 13.48 showing a downfall of 0.88 percent. In a span of 1 year, the company has provided Multibagger returns to its stakeholders with about 1,415 percent returns.
Mercury Metals Limited, BSE Listed is proud to introduce its range of EV (electric vehicles) with the view to save the environment and conserve our natural resources.
Mercury Metals Limited is pioneer in the manufacturing of Electric Scooter, Electric Car, Electric Bus, Electric Vintage car, Electric Golf Car and Electric Vehicles in India. We develop custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc.
On a QoQ basis, the revenues of the company moved from Rs 2.9 crores in Q2 to Rs 2.01 crores in Q3. Net profits of the company moved from Rs 6 lakhs in Q2 v/s Rs 32 lakhs in Q3. In the past 2 quarters, the promoters have kept their stakeholdings constant at 62.56 percent.
Swadeshi Polytex Ltd
Swadeshi Polytex Ltd started its trading session at Rs 36.84 and closed at Rs 38.30 showing an upward movement of 3.96 percent. In a span of 1 year, the company has provided Multibagger returns to its stakeholders with about 623 percent returns.
Swadeshi Polytex Ltd is engaged in the business of real estate development. In addition to that, it also deals in immovable properties and other related assets as owners, advisors, developers, service providers and brokers.
Having a quick glance at the financials of the company, the revenues have increased from Rs 4.50 crores in Q2 v/s Rs 9.95 crores in Q3. Net profits, on a similar note, have increased from Rs 3.64 crores in Q2 v/s Rs 7.90 crores in Q3. The promoters stakeholding in the company has been constant at 63.21 percent from the past 5 quarters.
Written by Amit Madnani
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