In recent days, the Indian stock market has witnessed strong buying activity. While large-cap stocks have not seen much growth during this period, penny stocks have provided significant returns to their investors. Some penny stocks even offer double returns in the short term. In this article, we will discuss the top 3 penny stocks that have doubled their investor’s money in just one month.
Shekhawati Poly-Yarn Limited’s share closed at INR 1.10 on Thursday, 30th November 2023, with a decline of 4.35%. The company’s stock has provided a profit of 21.05% to investors in the last five days. Over the past month, the company’s shares have given a return of 130% to its investors. On Friday, 1st December 2023, the share was trading at INR 0.88, showing a 1.15% increase.
Unitech Limited’s share closed at INR 6.33 on Thursday, 30th November 2023, with a growth of 4.98%. The company’s stock has given a return of 20.84% to investors in the last five days. Over the past month, the company’s shares have provided a return of 147.13% to its investors. On Friday, 1st December 2023, the share was trading at INR 6.64, showing a 4.90% increase.
Melstar Information Technologies Limited’s share closed at INR 4.20 on Thursday, 30th November 2023, with a decline of 1.18%. The company’s stock has given a return of 11.84% to investors in the last five days. Over the past month, the company’s shares have provided a return of 97.67% to its investors. On Friday, 1st December 2023, the share was trading at INR 4.04, showing a 1.76% increase.
Overall, these penny stocks have shown significant growth and provided substantial returns to their investors in a short period of time.
Top 3 Penny Stocks that have doubled investors’ money in just one month.
1. Shekhawati Poly-Yarn Limited: The share of Shekhawati Poly-Yarn Limited closed at Rs. 1.10 on Thursday, 30th November 2023, after a decline of 4.35%. In the past five days, the company’s shares have given investors a profit of 21.05%. In the last month, the share of the company has given a return of 130% to its investors. On Friday, 1st December 2023, the share was trading at Rs. 0.88, an increase of 1.15%.
2. Unitech Limited: Unitech Limited saw its share close at Rs. 6.33 on Thursday, 30th November 2023, after a growth of 4.98%. In the past five days, the company’s shares have given investors a profit of 20.84%. In the last month, the share of the company has given a return of 147.13% to its investors. On Friday, 1st December 2023, the share was trading at Rs. 6.64, an increase of 4.90%.
3. Melstar Information Technologies Limited: The share of Melstar Information Technologies Limited closed at Rs. 4.20 on Thursday, 30th November 2023, after a decline of 1.18%. In the past five days, the company’s shares have given investors a profit of 11.84%. In the last month, the share of the company has given a return of 97.67% to its investors. On Friday, 1st December 2023, the share was trading at Rs. 4.04, an increase of 1.76%.
These penny stocks have shown significant growth in a short period of time, offering investors the opportunity to double their investment.
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