Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.
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.