There are several stocks that have turned volatile and remain high reward, high risk bets. Here are a few of those. We are not analyzing these based on fundamentals, but, are just mentioning that they can either make or lose money for investors. Only the facts are presented and not a fundamental analysis.

Vakrangee

After having hit 26 straight lower circuit filters, following resignation of its auditors, we are once again seeing heavy upward traction in the stock of Vakrangee Ltd. The company which had delayed its quarterly results, saw a jump in its share price, following declaration of its quarterly numbers.

This stock had come crashing down, after the auditors resigned, following reports that information was not received on the jewelery and bullion business of the company.

The shares have now crashed from levels of Rs 500 to the current levels of Rs 43. This remains a risky stock under Rs 50, but, at the same time can deliver returns as well.

Sanwaria Consumer

This stock is also seeing heavy volumes in the last few days. However, it has never been in the midst of a storm, and also has a huge turnover of Rs 5,000 crores. The company is a large player in the basmati and soya business.

Many investors have been recommending this stock, as the valuations are just under 10 times, p/e multiple. For a company that is rapidly expanding, by setting up retail outlets, the the shares of Sanwaria Consumer maybe a little undervalued at Rs 14.

In fact, Sanwaria Consumer shares had it a high of Rs 32, and has halved in the last few months. The fall in the share price is largely in line with market conditions, where small and midcap stocks have fallen over the last few weeks.

Another good under Rs 50 stock, which has the potential to rally.

Manpasand Beverages

Manpasand Beverages is a stock that is not under Rs 50, but, could be a high reward, high risk bet. Like Vakrangee, here again the auditors resigned over lack of clarity on certain business areas. The company has now appointed another auditor.

The shares of the company have crashed from levels of Rs 500, to the current levels of Rs 145. The company in the past had had a very marquee set of investors, including the likes of Goldman Sachs India Fund, SBI Emerging Businesses Fund, ICICI Pru Balanced Advantage Fund and Birla Sun Life Insurance Company.

With the auditors resignation, the price has crashed and many large institutional investors have lost money. Interestingly, this is a debt free company, which manufactures the "Mango Sip" and "Fruits Up" brand.

On Monday, the stock hit the lower end of the circuit filter, as worries remained. This stock could once again be a high reward, high risk bet.

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