These 5 penny stocks skyrocketed up to 6000% in just 1 year; But, should you buy?

Pranati Deva
Updated: 25 Mar 2022, 12:06 PM IST
TL;DR.

In times of volatility and overall weakness in market sentiment across sectors, these 5 penny stocks have have given exorbitant returns to its investors, rising between 2000 and 6000 percent just in the last 1 year. In general, penny stocks are stocks that have single-digit stock price. However, analysts feel that investors should mostly avoid such stocks amd only very high risk investors with a fundamental knowledge of the markets should consider investing in them. While they give massive returns in small periods, the risks associated are also excruciatingly high. Also, investors must consult their financial advisors before buying these stocks.

Sejal Glass: Sejal Glass Limited is an India-based company engaged in the business of manufacturing value added glass in various forms, such as tempering, designing, insulating and laminated glass. The stock rose from around ₹5.5 last year to currently trade at around ₹333, surging arounf 5,975 percent in 1 year. It is a smallcap firm with a market cap of ₹353 crore. Since December last year, the stock has surged over 100 percent each month.

Salem Erode Investments: Incorporated in 1931, Salem Erode Investments is a financial firm. It was started to acquire tea gardens. grow. raise, tend and cultivate tea, coffee, cinchona, rubber and carry on the business of tea planter. In 1992, it changed its name to Salem Erode Investment Limited to become a financial advisory firm. The stock surged from around ₹2.5 last year in March to currently trade around ₹111, up around 4200 percent in 1 year. It has a market cap of ₹121 crore and has rallied over 100 percent in January and February. The stock has gained 78 percent in March till date.

Vegetable Products: Vegetable Products is a smallcap firm focused on the business activity of manufacturing edible oil. The Company also focuses on providing a range of agro products. Its market cap stands at ₹858 crore. The stock skyrocketed from around ₹2.5 in March last year to currently trade around ₹83, witnessing a massive 3,000 percent rise in just 1 year. The stock rose 76 percent and 95 percent in January and February, respectively but has fallen 7 percent in March till date.

Cressanda Solutions: Incorporated in 1985, Cressanda Solutions Limited provides software, digital media, and information technology (IT) enabled services. Its software services include onsite-offshore development of various business applications, IT consulting, and offshore application development, maintenance, testing, and migration services. The stock rose from below ₹1 last year to ₹16 currently, up 3,075 percent in just 1 year. The form, with a market cap of ₹496 crore rose over 120 percent just in March till date.

Flomic Global Logistics: Flomic Global Logistics is a logistics services firm that offers ocean freight services, cargo supervision and loading, onward transportation, cargo tracking, etc. The smallcap firm rose from around ₹5 last March to currently trade around ₹130, rising 2,600 percent in 1 year. It's market cap stands at ₹233 crore. However, the stock hasn't performed well in 2022. It gave negative double-digit returns in January and February and is up just 1 percent in March till date.

First Published: 25 Mar 2022, 12:06 PM IST