Multibagger Penny Stocks: 2022 turned out to be a volatile year for the Indian stock market due to the rise in interest rates and geopolitical tensions. However, during this period, there have been some penny stocks, which have increased the capital of their investors tremendously. Most of these are those stocks, about which very little is heard in the market. The major indices of the stock market - BSE Sensex and Nifty-50 have gained about 7% so far this year. However, here we are telling you about 7 such penny stocks, which have gained more than 1,000% so far this year. Penny stocks generally refer to stocks that cost less than Rs 10 and are considered one of the riskiest categories for investment.
1. Kaiser Corporation
This is one of the biggest multibagger stocks of the year 2022. The company's shares have gained about 1,959 per cent so far this year. At the beginning of the year 2022, this stock was trading at a price of Rs 2.80, which has now increased to around Rs 57. The company has presented the result of loss for the second consecutive quarter. Its revenue has declined by 50 percent on a quarterly basis and by more than 75 percent on an annual basis. Its debt increased to Rs 10.43 crore in September from Rs 5.76 crore in March. The company is engaged in the business of printing of labels, packaging materials, magazines and cartons.
2. Alliance Integrated Metaliks
The company manufactures metal products for towers and bridges. At the beginning of the year 20222, the company's shares were trading at Rs 2.71, which has now increased to Rs 45. In this way, so far in 2022, its shares have jumped by about 1,578 percent. The company has posted losses for the last 22 consecutive quarters. At the same time, its revenue has declined for the fourth consecutive quarter. However, the company has registered operating profit for the seventh consecutive quarter amid a decline in cost. Its debt increased to Rs 335.82 crore in the September quarter from Rs 302.17 crore in the previous quarter.
3. Hemang Resources
It is a coal supplier and also provides infrastructure services. At the beginning of the year 2022, its shares were trading at Rs 3.09, which has now increased by about 1,612 per cent to Rs 53. The past few quarters have seen impressive growth in its revenue and reduction in debt, which can be attributed to the rise in its shares. The company's revenue was zero in the September quarter of last year, which has increased to Rs 86.72 crore in the September quarter this year. Its revenue was 68.81 crores in the June quarter. It has reported net profit for the fifth consecutive quarter. Along with this, the company also brought down its debt in the September quarter to Rs 3.39 crore, which was Rs 21.59 crore in March 2021.
4. KBS India
The company offers wealth management services, including investment planning in the stock market and securities brokerage services. The company's shares, which were trading at around Rs 9.50 earlier this year, have now gained 1,378 per cent to Rs 141. In the year 2021, the company's shares saw a rise of about 140%. The company's net profit in FY22 stood at Rs 39 lakh, up from Rs 1 lakh a year earlier. At the same time, the company's revenue during this period was Rs 1.86 crore, which was zero a year ago.
5. Sonal Adhesives
The stock price has gained about 1,359 per cent this year. At the beginning of the year 2022, this stock was trading at a price of Rs 9.30, which has now increased to Rs 136. The company's revenue for the September quarter stood at Rs 21.08 crore, as against Rs 13.07 crore in the same quarter last year. The company's net profit increased manifold to Rs 28 lakh in the September quarter from Rs 1.14 lakh a year ago. The company's debt came down to Rs 3.34 crore in the September quarter from Rs 27.06 crore a year ago.
6. Beekay Niryat
The share price has risen nearly 1,000 per cent this year. At the beginning of the year 2022, this stock was trading at Rs 7, which has now increased to Rs 80. The company invests in corporate shares, trades in jute and jute products, and grants syndicated loans. Its revenue stood at Rs 2.85 crore in the September quarter, up from Rs 19 lakh in the previous quarter. Prior to this, it had zero revenue for several quarters. Its total debt rose to Rs 6 crore at the end of the September quarter, from Rs 67 lakh a year ago.
7. Ashnisha Industries
At the beginning of the year 2022, this stock was trading at Rs 0.96, which has now increased by almost 1,000 per cent to Rs 10. The company has started reporting its revenue from the last two quarters. Its revenue in the September quarter stood at Rs 1.15 crore, up from Rs 53 lakh a quarter earlier. At the same time, the company's net profit stood at Rs 7 lakh in the September quarter, which was Rs 25 lakh a year ago. The company is in the business of steel production and provides trading and investment services.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. StockPro never advises anyone to invest money here.
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