7 Penny Stocks That Became Multibaggers In Last 6 Months In 2023

Seven penny stocks delivered multibagger returns to investors in the last 6-months only. These stocks are Archana Software, Kuber Udyog, Innovative Ideals and Services, Minal Industries, Veerhealth, Avance Technologies, and Tirth Plastic. These stocks offered shareholders maximum return up to 429% in a span of just 3-months. The stocks are priced under Rs 20. Check details below:

1. Archana Software: Current market price of the penny stock is Rs 15.69 per share with intraday gain of 1.95%. Its 52-week high price is Rs 15.69 apiece and 52-week low price is Rs 2.32 apiece, respectively. Its market capitalisation is Rs 9.52 crore. Archana Software shares soared 358% in last 3-months, gained 332% in last 6-months, and offered 862% return in last 3-years.

2. Kuber Udyog: The penny stock's current market price is Rs 5.22 per share on BSE with intraday jump of 1.95%. Its 52-week high price is Rs 5.22 apiece and 52-week low price is Rs 0.89 apiece, respectively. The company has a market capitalisation of Rs 1.79 crore. Kuber Udyog shares gave shareholders return of 331% in last 3-months only and soared 411% in last 1-year.

3. Innovative Ideals and Services (India) Ltd: Innovative Ideals stock's current market price is Rs 16.90 per share on BSE with intraday gain of 4.97% after it touched upper circuit. The company's market cap is Rs 19.23 crore. Innovative Ideals shares rallied 112% in last 1-month, gained 429% in last 3-months, and soared 269% in last 1-year.

4. Minal Industries: The penny stock's current market price is Rs 4.34 apiece with intraday gain of 1.88%. Minal Industries has a market capitalisation of Rs 83.28 crore. In last 3-months, Minal Industries stock gained 255%. Its 52-week high price is Rs 4.34 per share and 52-week low price is Rs .79 per share, respectively.

5. Tirth Plastic: Current market price of Tirth Plastic share is Rs 6.14 apiece with intraday gain of 1.99%. Its 52-week high price is Rs 6.14 per share and 52-week low price is Rs 0.30 per share, respectively. Its market cap is Rs 2.73 crore. Tirth Plastic shares offered shareholders return of 187% in last 3-months.

6. Avance Technologies Stock Outlook & Return: Current market price of IT Software stock Avance Technologies is Rs 1.39 per share on BSE. Its 52-week high price is Rs 2.66 per share and 52-week low price is Rs 0.18 apiece, respectively. The company has a market capitalisation of Rs 55.10 crore. Avance Technologies shares offered return of 414% in last 6-months, delivered return of 531% return in last 1-year, soared 456% in last 3-years, and gained 1290% in last 5-years. Avance Technologies Ltd may declare stock split on September 25, 2023 as the board of directors have scheduled a meeting to consider the same.

7. Veerhealth Care Limited: Small cap stock operating under the pharmaceuticals sector, Veerhealth Care Limited hit 5% upper circuit on Friday as shares are trading ex-bonus today. Current market price of Veerhealth Care share on BSE is Rs 21.65 apiece with intraday jump of 5.00%. Veerhealth Care shares delivered 151% return to shareholders in last 6-months span. Veerhealth Care has a market capitalisation of Rs 43.28 crore. Veerhealth Care shares gave 40% return in last 3-months, soared 151% return in last 6-months, jumped 214% in last 1-year, gained 322% in last 2-years, and rose 455% in last 3-years.

Disclaimer

The penny stocks just highlights the rally and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.