• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Five Indian multibagger penny stocks that stunned markets in 2024 with returns as high as 75,000%

by December 27, 2024
written by December 27, 2024

As the Indian stock market witnessed all-time highs in 2024, penny and micro-cap stocks were not left out of the rush, and shares of over 200 such companies soared between 300% and more than 75,000% in CY24.

What’s noteworthy was that 99 of these companies reported net sales of less than ₹10 crore in FY24, a figure that contrasts starkly with their inflated valuations and current market caps.

“The frenzy around obscure small-cap stocks mirrors the 2007 retail excitement before the global financial crisis,” Dhiraj Relli, MD and CEO, HDFC Securities, said in an Economic Times report.

“Many SMEs and small caps have seen their valuations skyrocket despite no meaningful improvement in business fundamentals.”

Invezz brings you five multibagger penny stocks that stunned the markets this year:

Shri Adhikari Brothers

Indian media and entertainment conglomerate Shri Adhikari Brothers saw its share price zoom in 2024.

While its year-to-date price stood at Rs 1,742.20, a gain of 59,975.86%, at its 52-week high earlier this month, the stock was up by a whopping 76,450% YTD.

The market capitalisation of the company, which posted Rs 3 crore turnover and Rs 21 crore loss in FY24, stood at Rs 4,420 crore on December 27.

Sri Adhikari Brothers Network has interests spanning broadcasting, films, content production, and publishing.

Aayush Wellness

Aayush Wellness’ share price was up by 3,534.08% YTD on December 27. Even with a revenue from operations of less than Rs 84 lakh in FY24, the market cap of the company stood at Rs 633 crore.

Aayush Wellness, founded in 1989, operates in health and wellness solutions business, focused on offering products that combine wellbeing with innovation.

Marsons

Manufacturer of distribution and power transformers, Marsons’ share price surged by a whopping 2,756.16% YTD. In October, at a high of Rs 349.40, the share price was up by 4,251%.

The company’s net sales in FY24 stood at Rs 6.5 crore while its net profit in the last financial year stood at 60 lakh.

BITS

The share price of BITS was up by 1,738.51% year-to-date. Its market cap stands at Rs 358 crore with a net sales of Rs 1 crore in FY24.

As per the company’s website, its primary business is to provide education in various fields, including Art, Commerce, Science, Computer Software, Computer Hardware, Business Management, Hotel Management, and Engineering & Technical Education.

Vantage Knowledge Academy

Vantage Knowledge Academy’s share price was up by 1,557.76% year-to-date on December 27. It’s market cap stands at Rs 2,150 crore.

The company reported FY24 net sales at Rs 4.3 crore while PAT at Rs 1.4 crore.

The company is engaged in the business of education and publication.

Why penny stocks must be invested in with caution

Despite the stellar returns, it should be noted that penny stock, especially those trading below Rs 100, carry risks like low liquidity, high volatility, and often inadequate financial transparency.

A high book value might indicate that a company possesses significant assets relative to its market price, potentially hinting at an undervalued opportunity, but it is important to approach with caution as these assets may not always be liquid or accurately valued.

Further, book value alone fails to capture critical factors like earning potential, market position, or financial stability.

In August, the Indian markets regulator SEBI warned investors about the risks of investing in shares of obscure companies, citing cases where certain small and medium enterprises (SMEs) engaged in price manipulation by creating a misleading image of their operations.

SEBI pointed out that after listing, some SMEs or their promoters issued public statements to portray a favourable outlook for their businesses, often followed by corporate actions like bonus issues, stock splits, and preferential allotments to sustain the illusion.

By October, SEBI had acted decisively against Trafiksol ITS Technologies, canceling its SME IPO and ordering the company to refund investors’ money after uncovering serious irregularities.

“Retail investors, driven by FOMO (fear of missing out) and unverified social media tips, are blindly funneling money into these stocks without proper due diligence,” said Relli of HDFC Securities.

The post Five Indian multibagger penny stocks that stunned markets in 2024 with returns as high as 75,000% appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Osamu Suzuki, the driving force behind Suzuki Motor’s success in India, dies at 94
next post
Democratic pols ditch Twitter after Elon Musk takeover, report shows

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • ApeCoin and Akita Inu: New Targets and Prices for This Week

    September 24, 2024
  • Trump: Jimmy Carter died a happy man because Biden holds title for ‘worst’ president in history

    April 17, 2025
  • Patel camp decries Durbin accusations as ‘politically motivated’ attempt to derail FBI confirmation

    February 12, 2025
  • Emmanuel Macron calls ’emergency meeting’ for European leaders to discuss Trump: report

    February 16, 2025
  • Thailand, Cambodia reach ceasefire deal to end conflict that displaced 260K, Trump says

    July 28, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,546)
  • Investing (634)
  • Stock (860)

Latest Posts

  • Chuck Schumer calls out Republicans for ‘wasting time’ as tentative funding deal is announced

    September 23, 2024
  • Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

    February 17, 2025
  • JONATHAN TURLEY: Defiant billionaire Bezos could radically change journalism as we know it

    October 30, 2024

Recent Posts

  • Ahead of election, what do Latin Americans, Europeans think about Donald Trump, Kamala Harris?

    November 4, 2024
  • Lawmakers push to revive low-income broadband subsidy as providers pivot

    September 11, 2024
  • Is XRP a Good Investment? Expert Insights for 2024

    July 12, 2024

Editor’s Pick

  • US flies joint patrol with the Philippines near shoal region guarded by China

    February 4, 2025
  • ‘New Golden Age’: Republican lawmakers ecstatic as Trump takes office with slate of new orders

    January 20, 2025
  • Trump nominates Rep. Lori Chavez-DeRemer as secretary of labor

    November 23, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock