Penny stocks are low-priced stocks that trade at a small market value, often under $1. These stocks carry high risk but can deliver massive returns if the company grows. The market has seen a downturn from its all-time high of 26,277.35 on September 27, 2024, to its current level of 23,295.65, marking an 11.35% decline. Despite this drop, some penny stocks have turned into multi-baggers, offering investors significant gains even in a weak market.
Here are a few penny stocks that turned into multi-baggers during the market downturn
Pro Fin Capital Services Limited
With a market capitalization of Rs. 139.92 crore, the shares of Pro Fin Capital Services Limited were trading at Rs. 4.40 per equity share, down nearly around 3.93 percent from its previous day’s close price of Rs. 4.58. Over the last six months, the stock has given a return of 358.33 percent.
Pro Fin Capital Services Limited’s revenue has increased from Rs. 4.23 crore in Q2 FY24 to Rs. 6.97 crore in Q2 FY25, which has grown by 57.68 percent. The net profit has also grown by 261.76 percent from Rs. 0.68 crore in Q2 FY24 to Rs. 2.46 crore in Q2 FY25.
Pro Fin Capital Services Limited operates as a non-banking financial company and focuses on investments, trading in shares and securities, and providing short-term loans and advances.
Yuvraaj Hygiene Products Limited
With a market capitalization of Rs. 79.87 crores, the shares of Yuvraaj Hygiene Products Limited hit a 2 upper circuit of Rs. 8.81 per share on Monday, up from its previous closing price of Rs. 8.64 per share. Over the last six months, the stock has given a return of 351.79 percent.
Yuvraaj Hygiene Products Limited’s revenue has increased from Rs. 5.10 crore in Q3 FY24 to Rs. 18.68 crore in Q3 FY25, which has grown by 266.27 percent. The net profit has also grown by 2,000 percent from Rs. 0.12 crore in Q3 FY24 to Rs. 2.52 crore in Q3 FY25.
Yuvraaj Hygiene Products Limited manufactures and supplies hygiene and cleaning products, including scrub pads, scrubbers, and other household cleaning items. The company is involved in producing bathroom, kitchen, floor, and outdoor cleaning solutions, as well as personal hygiene products.
Quasar India Limited
With a market capitalization of Rs. 81.39 crores, the shares of Quasar India Limited hit a 5 lower circuit of Rs. 1.71 per share on Tuesday, down from its previous closing price of Rs. 1.79 per share. Over the last six months, the stock has given a return of 242 percent.
Quasar India Limited’s revenue has increased from Rs. 10.26 crore in Q3 FY24 to Rs. 11.57 crore in Q3 FY25, which has grown by 12.77 percent. The net profit has also grown by 67.53 percent from Rs. 0.77 crore in Q3 FY24 to Rs. 1.29 crore in Q3 FY25.
Quasar India Limited is involved in trading goods, commodities, and related materials on a retail and wholesale basis. The company also trades and invests in shares, stocks, commodities, and derivatives and is also engaged in the agricultural trading business.
Svam Software Limited
With a market capitalization of Rs. 19.25 crores, the shares of Bridge Securities Limited hit a 2 upper circuit of Rs. 11.40 per share on Monday, up from its previous closing price of Rs. 11.18 per share. Over the last six months, the stock has given a return of 249.69 percent.
Bridge Securities Limited’s revenue has increased from Rs. 0.03 crore in Q3 FY24 to Rs. 0.06 crore in Q3 FY25, which has grown by 100 percent. The net profit of the company has turned negative into positive, from a net loss of Rs. -0.07 crore in Q2 FY24 to a profit of Rs. 0.09 crore in Q2 FY25.
Svam Software Limited specializes in software development and related IT services. The company offers customized software development, sells and purchases software, hardware, and accessories, and manages turnkey software projects. SVAM also provides IT services, enhancing data access and automating business processes.
Bridge Securities Limited
With a market capitalization of Rs. 40.64 crores, the shares of Bridge Securities Limited hit a 2 upper circuit of Rs. 12.09 per share on Monday, up from its previous closing price of Rs. 11.86 per share. Over the last six months, the stock has given a return of 211.60 percent.
Bridge Securities Limited’s revenue has increased from Rs. 0.23 crore in Q3 FY24 to Rs. 0.75 crore in Q3 FY25, which has grown by 226.09 percent. The net profit has also grown by 284.21 percent from Rs. 0.19 crore in Q3 FY24 to Rs. 0.73 crore in Q3 FY25.
Bridge Securities Limited is involved in trading products like seeds and agricultural produce, including rice, wheat, onions, potatoes, tomatoes, and pulses. The company also provides investment and financial services such as dealing in shares, stocks, and debentures and engaged in securities trading, stock broking, and leasing.
Written By – Nikhil Naik
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