Q4 Results FY2024 today: Around 50 listed companies post their earnings for the fourth quarter that ended on March 31, 2024. Adani Green Energy, Godrej Properties, Tata Technologies, Titan Company and Britannia Ind are among top 50 companies scheduled to post earnings.
Triveni Glass Limited announced that Board has received the resignation letter of Ms. Sushmita Jaiswal, Company Secretary and Compliance Officer of the Company and has been accepted thereby relieved...
Global Capital Markets saw the biggest jump, as the scrip zoomed 567.73 per cent to Rs 31.25 level on Friday over December 2021-end price of Rs 4.68 apiece
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.
A general trend is that most of the multibaggers in the list are from smallcap space, where there is more room for them to grow. Among better-known names that have surged multifold in the period are NDTV, DB Realty, Ugar Sugar Works, Triveni Glass and Gujarat Mineral Development Corporation.
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.
Read more about Several BSE-listed microcap stocks turn multibagger since start of 2022 on Business Standard. At a time when the weak broader market subdued the Indian equity market consistently, several stocks on the BSE turned multibagger since the start of the calendar year 2022.
Shares of Tranway Technologies, Triveni Glass, Orosil Smiths, Kellton Tech, BCL Enterprises, Ruttonsha International Rectifier, Tinna Rubber and Infra, Shanti Educational and Zodiac Energy have jumped between 100-145 per cent during the period under review.