domestic The trend of decline in the stock market continues. Due to the current situation in the Middle East, rising crude oil prices and the ongoing decline in the Indian Rupee are adversely affecting the market. However, in this period of market decline, there are many companies whose shares are witnessing a bumper rise. Here we are going to tell you about those penny stocks which have given bumper returns of up to 80 percent in the last 3 months.
Penny stocks attract investors’ attention due to their low prices
Penny stocks continue to attract investors’ attention due to their low valuations and high return potential. However, there is a lot of risk in these. Due to low liquidity, high volatility and limited transparency, there is a possibility of huge losses.
USG Tech Solutions
According to information received from BSE, shares of IT service management company USG Tech Solutions have given a bumper return of 80.42 percent in the last 3 months. On Friday, the company’s shares closed at Rs 13.73 on BSE with a rise of 4.89%.
BSE figures
Panafic Industrials
Shares of non-banking financial company Panafic Industrials have given a whopping return of 72.41 percent in the last 3 months. On Friday, the company’s shares closed at Rs 1.00 on BSE.
Tirupati Innovar
Shares of tire manufacturing company Tirupati Innovar have given a tremendous return of 65.53 percent in the last 3 months. On Friday, the company’s shares had closed at Rs 9.70 on the BSE, up 4.98 per cent.
NHC Foods
The share price of NHC Foods, a company that manufactures and exports agricultural products, has increased by 63.75 percent in the last 3 months. On Friday, the company’s shares closed at Rs 1.31 on BSE with a gain of 0.77 per cent.
Empower India
Shares of Empower India have given a strong return of 50.35 percent to its shareholders in the last 3 months. On Friday, the company’s shares had closed at Rs 2.12, down 1.85 per cent, on the BSE.
Disclaimer: This article has been written for information purposes only. Always consult your financial advisor before making any kind of investment or taking any financial risk. India TV will not be liable for any kind of risk.
SK Sharma is a content writer who writes on news, entertainment, and lifestyle topics. She has over four years of experience and is known for conveying information in simple and clear language.
