News for Samtex Fashions Limited (SAMTEX.BO)

In the Nifty50 index, 41 stocks closed in the green, while 9 stocks ended in the red.

In the Nifty 50 index, 12 stocks were trading in the green, while 38 stocks were trading in the red.

In the Nifty pack, 12 stocks closed in the green, while 38 stocks ended in the red.

In the Nifty pack, 37 stocks closed in the green, while 13 stocks ended in the red.

In the Nifty pack, 33 stocks closed in the green, while 17 stocks ended in the red.

The ace investor owns more than 50 stocks, the value of which is estimated to be around Rs 5,000 crore. While multibagger BSE is his largest bet where he held around 1.5% stake at the end of the December quarter, 11 of his bets have given double-digit returns in 2024 so far.

In the Nifty pack, 35 stocks were trading in the green, while 15 stocks were trading in the red.

Some of the stocks had delivered solid returns and, despite the steep falls, are still sitting on strong one-year returns, data compiled by Trendlyne suggests. Data showed Samtex Fashions sank 64 per cent from its 52-week high, Dhampur Sugar slumped 55 per cent; DCM Nouvelle plunged 53 per cent over its one-year high.

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.

Penny stocks have no defined theoretical definition. However, stocks in single digits or below Rs 10 are bracketed in this club. In this study, companies with a market cap of less than Rs 1,000 crore at the end of 2021 have been considered.

These 25 stocks have rallied between 100-160 per cent since January 1, 2022, suggests data available with ACE Equity. Ten other names have rallied more than 90 per cent during the period under review. This is at a time when the recent selloff has shaved off gains for BSE Sensex and NSE Nifty, with both turning flat on a year-to-date (YTD) basis.

Picking penny stocks that can yield handsome return over a period of time is not everyones cup of tea. Nevertheless, the bull run running for some 18-19 months has helped some of these counters to even rally sharply in up to 4 digits.