20 multibagger penny stocks which cost less than Rs 10 give gains of up to 750% in 2017

Penny stocks are giving multibagger gains owing to the stupendous rally in the equity markets in calendar year 2017.

20 penny companies have surged at least 100 per cent in the ongoing calendar year till December 4.

In contrast, the benchmark equity index BSE Sensex is up only 24 per cent year-to-date.

Sanwaria Consumer Multibagger with 757% gain

Sanwaria Consumer gave a return of 757 per cent and was the top gainer on the NSE.

The stock jumped from just Rs 2.55 on January 2, 2017 to Rs 21.85 on December 4, 2017.

Sanwaria Consumer, earlier known as Sanwaria Agro Oils, is a fast-moving consumer goods (FMCG) food processing company. The company is engaged in the manufacturing and selling of rice, edible oil and staple food products, such as pulses, sugar, soya chunks and wheat flour etc.

Manaksia Steels and Paramount Communications

Manaksia Steels and Paramount Communications have given returns of 379 per cent and 271 per cent, respectively, on a year-to-date basis till December 4.

Manaksia Steels surged from Rs 8.85 to Rs 42.40 during the period, while Paramount Communications jumped from Rs 3.30 to Rs 12.25.

Other multibagger penny stocks

Techindia Nirman, Magnum Ventures, Rattan India Infra, GVK Power and Infrastructure, Cinevista and Oriental Trimex are the top gainers with gains of 243 per cent, 242 per cent, 213 per cent, 171 per cent, 153 per cent and 153 per cent, respectively, on a year-to-date basis.

GVK Power and Infrastructure recently reported a net loss of Rs 76.94 crore for the quarter ended September 30, 2017. The company had posted a net loss of Rs 13.41 crore in the corresponding period a year ago.

CCCL, Sambhaav Media, Soma Textiles, Indowind Energy, ISMT, Nu Tek India, Genus Paper,Jaiprakash Associates, Manaksia Coated and Manaksia Aluminium spurted also between 100-150 per cent since January this year.

Jaiprakash Associates has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan. The company also said that the Jaypee Infratech has more assets than liabilities and it is a fit case for resolution.

Some penny stocks gave a loss. This includes FCS Software, Prakash Steelage, Lanco Infratech,Gemini Communication, MPS Infotecnics and Rasoya Protein which lost over 75 per cent during January 2-December 4 this year.

Penny stocks have to be studied carefully

It is well known that the businesses of penny stocks have to be studied carefully. These types of stocks are highly volatile and can rise and fall rapidly.

While such stocks can give multibagger gains, there is also a high risk of losing the capital.

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