News for Kakatiya Textiles Limited (KAKTEX.BO)

Ambar Protein Industries and IKAB Securities & Investment also rallied 2,636 per cent and 1,847 per cent respectively during the period. Gensol Engineering also rose 1,637 per cent during the same period, the data suggest.

An inclusion of select little-known stocks from the broader space has managed to add spark to investors' portfolios despite the tepid performance of the benchmark equity indices since Diwali last year. Data available with Ace Equity showed that as many as 14 stocks in the smallcap space have soared over 1,000 per cent since November 4, 2021. On the other hand, Sensex and Nifty have plunged nearly 3 per cent during the same period.

Investing in penny stocks can be tricky. It could backfire in most cases if proper research is not carried out.

The data available on AceEquity suggests that as many as 150 penny stocks have scripted a 'rags to riches story', rallying up to 1,700 per cent in the last six months. Meanwhile, Sensex has corrected about 6 per cent in the same period from its 52-week high of 62,245 touched on October 19.

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.

The S&P BSE SmallCap index was trading 0.75 per cent up at 20774.59.

The index was trading 1.03 per cent up at 20451.06.

The index was trading 1.83 per cent down at 20335.5.

The index was trading 1.48 per cent down at 19746.68.

The S&P BSE SmallCap index was trading 0.3 per cent up at 21158.91.