Stocks under Rs 10 that have zoomed up to 720% in a year
Bampsl Securities tops the table with a gain of 718 per cent, followed by Daman & Diu - based Dolat Investments Ltd that has surged 602 per cent to Rs 17.5 levels
A rising tide lifts all boats. The market rally over the past one year has seen 23 stocks that traded at Rs 10 or below on the BSE, zoom over 100 per cent during this period.
New Delhi – based Bampsl Securities tops the table with a gain of 718 per cent, followed by Daman & Diu – based Dolat Investments Ltd that has surged 602 per cent to Rs 17.5 levels, ACE Equity data shows. These stocks traded at Rs 0.23 and Rs 2.5 levels, respectively a year ago. In comparison, the S&P BSE Mid-cap and S&P BSE Small-cap indices have moved up around 12 per cent and 17 per cent, respectively during this period.
Though most analysts remain bullish on the road ahead for the markets, they caution against volatility and suggest investors look at company’s fundamentals before taking an investment call, especially in the mid-and small-cap segment which is prone to price manipulation / stock price rigging.
“The trend is not surprising. A lot of penny stocks rally in a bull market and the euphoria fizzles out soon after. That apart, penny stocks could be prone to price manipulation as well. Investors will be better off analysing parameters like earnings track record, quantum of fixed assets, promoter stake and floating stock before investing,” says G Chokkalingam, founder and managing director
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