Penny stocks are known to deliver high returns in a shorter time period as these stocks tend to hit circuits more often. Penny stocks have a market capitalization of less than Rs 500 Crore and have a share price lesser than Rs 100. These companies tend to have zero or negative sales and profits and thus are generally covered by analysts as they are high-risk investments.
Here are 4 penny stocks that hit the upper circuit consecutively in the last five days:
KCL Infra Projects Ltd
The shares of KCL Infra Projects have gained more than 40 percent in the last six trading sessions as the share price has risen from Rs 2.84 a piece on January 2nd up to the current level of Rs 3.96. The stock jumped as it hit an upper circuit consecutively.
KCL Infra Projects Ltd is engaged in the business of Construction and development of properties & Infrastructure Activities. Additionally, the company also provides advisory services.
The company has a market capitalization of Rs 94 Crore. In Q2FY23, the company reported a total revenue of Rs 6.33 Crore and a net profit of Rs 16 lakhs.
Adcon Capital Services Ltd
The shares of Adcon Capital Services started the year at Rs 2.84 a piece and have been hitting the upper circuit consecutively to zoom by 27 percent and trade at Rs 3.60 levels on Monday.
Adcon Capital Services Limited is a Non-Banking Financial Company (NBFC) engaged in the business of providing loans and advances, investment in shares of other companies, and providing other related Financial Services.
The company has a market capitalization of Rs 108 Crore. In Q2FY23, the company reported a total revenue of Rs 5 lakhs and a net loss of Rs 28 lakhs.
Jai Mata Glass Ltd
The shares of Jai Mata Glass have also been hitting an upper circuit for the last six days and have gained more than 25 percent in the period, the prices rising from Rs 1.15 at the start of the year and trading at Rs 1.44 on Monday.
Jai Mata Glass Ltd is engaged in the glass business and procuring orders as a sales agent in India’s eastern and northern regions. The company sells Patterned Glass, EFG-Elegant Frosted Glass, and the K Series which includes Karishma, Kartier, Kasumi, Kemistry, Kingstar, Kohinoor, and Kretive.
The company has a market capitalization of Rs 10 Crore. In Q2FY23, the company reported a total revenue of Rs 15 lakhs and a net profit of Rs 8 lakhs
Standard Capital Markets Ltd
The shares have gained 27 percent this year so far as they kept hitting an upper circuit of 5 percent consecutively. Thus, the stock price rose from Rs 21.85 at the start of January to Rs 27.75 on Monday.
Standard Capital Markets Ltd is in the business of Non-banking Financial activities. The company offers various types of loans such as Personal loans, Gold loans, Working capital loans, and syndication of loans.
The company has a market capitalization of Rs 10 Crore. In Q2FY23, the company reported a total revenue of Rs 65 lakhs and a net profit of Rs 2 lakhs.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
