News for Adinath Textiles Limited (ADINATH.BO)

This means Rs 1 lakh invested in any of these stocks on March 31 last year has now turned into over Rs 10 lakh at present.

Penny stocks are generally considered those which trade in a single-digit or penny price or those which have a very low market cap.

Read more about Over 850 Indian penny stocks more than doubled in the past 18 months: Data on Business Standard. Some penny stocks or low-priced stocks have given massive returns in the past 18 months with 102 stocks rising over 1000% and 10 stocks rising over 5000 per cent.

Select stocks from the broader market have managed to deliver a massive return to investors in 2021. Read more to know.

The stock market shrugged off Covid blues and created wealth for investors. Here’s a review of the performance of the domestic indices, the winning sectors and stocks

This trend is akin to the frenzy witnessed during the dotcom boom of 2000, which saw many dud companies in the sector rally to abnormally high levels on speculative activity.

Several penny stocks have delivered multi-fold returns in a short span of time. Here are a few of them.

Stock of Adinath Textiles has delivered 1,953% returns to shareholders in one year. The microcap share, which stood at Rs 1.55 on August 25, 2020, rose to an all-time high of Rs 31.83 on BSE today. An amount of Rs 1 lakh invested in Adinath Textiles stock 12 months ago would have turned into Rs 20.53 lakh today.