Penny stocks are quite popular with small investors because of their potential for huge gains. These stocks are priced very low, and such companies have low market capitalization as well. These stocks are often illiquid, meaning they are traded in lower quantities compared to other stocks. While there is a perception that penny stocks can offer high returns.
Listed below are such penny stocks that have delivered multibagger returns on a YTD basis:
Kay Power & Paper Ltd
With a market capitalization of Rs. 40.8 crores, the shares of Kraft paper and power generation company started Tuesday’s trading session on a higher note at Rs. 39.93 compared to its previous close of Rs. 38.20. During the trading session, the shares hit a low of Rs. 38.15, losing around 1 percent and closed the day at Rs. 38.37 apiece.
Looking at the company’s financial statements, the revenue increased by around 11 percent from Rs. 8.19 crores during the September quarter to Rs. 9.09 crores in the December quarter. In addition, the net profits zoomed by 93 percent from Rs. 28 lakhs to Rs. 54 lakhs during the same period.
The stock has delivered a multibagger return of 101 percent on a YTD basis. For example, if someone had invested Rs. 1 lakh since the inception of the year, then the worth of those shares would be Rs. 2.01 lakhs now.
Kay Power & Paper Ltd is primarily engaged in the manufacturing of MG Kraft Paper and power generation. The company produces MG Kraft Paper with a capacity of 80 to 180 GSM and a B.F. of 16 above. Additionally, Kay Power & Paper Ltd operates a Power Plant with a generation capacity of 6 M.W.
Trishakti Industries Ltd
With a market capitalization of Rs. 91.9 crores, the shares of the financing and commission & consultancy services company started Tuesday’s trading session on a higher note at Rs. 61.86, clocking 5 percent upper circuit compared to its previous close of Rs. 58.92 apiece.
Looking at the company’s financial statements, the revenue decreased by 11 percent from Rs. 36.43 crores during the September quarter to Rs. 32.33 crores in the December quarter. On the other hand, the net profits magnified by 213 percent from Rs. 8 lakhs to Rs. 25 lakhs during the same period.
The stock has delivered a multibagger return of 106 percent on a YTD basis. For example, if someone had invested Rs. 1 lakh since the inception of the year, then the worth of those shares would be Rs. 2.06 lakhs now.
Recently, the company forayed into the infrastructure sector with a brand-new fleet of cranes and other heavy equipment. Furthermore, they had also successfully secured contracts for prestigious projects of Larsen & Toubro (L&T) and Rail Vikas Nigam Limited (RVNL) for the Kolkata Metro expansion, which will lead to a significant profitability growth of over Rs. 20 Million per annum.
Headquartered in West Bengal, Trishakti Industries was incorporated in 1985. It is a a multiple business sector company including sectors of logistics & infrastructure, Oil & Gas, Food related items and agency service provider companies worldwide and in India.
Colab Cloud Platforms Ltd
With a market capitalization of Rs. 162 crores, the shares of the IT company started Tuesday’s trading session on a higher note at Rs. 15.87, gaining 5 percent compared to its previous close of Rs. 15.12 apiece.
Looking at the company’s financial statements, the revenue magnified by 522 percent from Rs. 18 lakhs during the September quarter to Rs. 1.12 crores in the December quarter. In addition, zoomed by 83 percent from Rs. 48 lakhs to Rs. 88 lakhs during the same period.
The stock has delivered a multibagger return of 140 percent on a YTD basis. For example, if someone had invested Rs. 1 lakh since the inception of the year, then the worth of those shares would be Rs. 2.40 lakhs now.
Colab Cloud Platforms Limited, formerly known as JSG Leasing Limited, is a company that operates in the asset management and custody banks industry, which is part of the diversified financials sector.
Written By Vaibhav Patil
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