Top Performing Penny Stocks of 2021

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Top Performing Penny Stocks of 2021

Aug 28, 2021

The category of penny stocks is among the most popular which retail investors prefer for investment.

Why?

It's because they trade at lower prices and investors believe they can buy a huge chunk of shares.

One other factor supporting them is low liquidity. They have less tradable shares at the bourses when compared with other category stocks.

And also, since penny stocks offer high returns in a short span of time, investors with high risk profile opt for them.

In the past couple of months, there were several penny stocks which went on to deliver multi-fold returns in a short span of time.

Here are six penny stocks which have turned into a 10 bagger, i.e., which have given over 1,000 returns since the start of 2021.

#1 Adinath Textiles (1,952%)

Adinath Textiles share price has delivered 1,952% returns since the start of this year.

This microcap company's share stood at Rs 1.71 on 1 January 2021. Today, it trades at Rs 35.09.

The stock rose to its all-time high of Rs 35.09 on the BSE yesterday.

For the year ended March 2021, Adinath Textiles has reported a 557.1% rise in bottomline to Rs 3.2 m.

What's interesting is the company has recorded zero sales in last five quarters.

Its profit in the latest June 2021 quarter stood at Rs 2.3 m, a rise of 360% against Rs 0.5 m in the same period last year.

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But how is this company earning profits without any revenues? Well, it has been able to log profit on the back of other income which stood at Rs 5.4 m.

Adinath Textiles is a textiles-focused company with 4,800 spindles installed. The company has invested in cutting-edge machinery from (SAVIO) Italy and NSC (France).

Lately, textile stocks are in favour. The sector did suffer greatly in 2020 but it has recovered.

As of June 2021, promoters of the company hold 43.6% stake in the company. Check out its latest shareholding pattern.

#2 Flomic Global Logistics (1,821%)

The next company in this list is Flomic Global Logistics, which has delivered 1,821% returns since January 2021.

On 1 January 2021, the company's shares were trading at Rs 1.95 per share. Currently, they trade at Rs 37.45 with a marketcap of Rs 269.6 m.

This logistics services firm was earlier called Flomic Freight Services, which in November 2020 completed its amalgamation with Vinaditya Trading.

The combined entity is now called Flomic Global Logistics.

Flomic Global is engaged in activities auxiliary to financial intermediation. This class includes activities of financial advisers, mortgage advisers and brokers, bureaux de change (foreign exchange services) etc.

The company has a growth plan to expand into tier-2 and tier-3 cities in India to cater to exporters and importers who will be taking advantage of 'Make in India' initiative.

Moreover, the company is expanding its warehousing and third-party logistic activities to cater to the growing demand of customers.

The company has a total of 7.2 m shares out of which 72.5% are held by public and 27.5% by the promoters.

#3 Waaree Renewable Technologies (1,233%)

Remember we wrote to you about how Solar's hot and India is on the cusp of a solar revolution as the Indian government plans to achieve 450 GW (gigawatts) of installed renewable capacity by 2030.

Well, Waaree Renewable Technologies seems to make the most of this theme as its shares have risen 1,233% since the start of this year.

Erstwhile known as Sangam Renewables, the company offers sustainable partnership by providing renewable energy solutions to industrial, institutional & commercial sectors, and improve their profitability through long-term renewable power supply.

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The company started with assisting diversified financial services to MSMEs but later in 2016, ventured into renewable energy sector.

Mumbai-based Waaree is the largest solar PV module manufacturer in India. The company also provides solar energy solutions employing over 2,500 people globally. It owns the largest solar panel module manufacturing facility in India with a capacity of 2,000 megawatt.

India's investments in renewable energy have accelerated in recent years. Building a thermal power plant used to take more than 5 years. On the other hand, India is now setting up solar and wind farms in 2 years or less.

On 1 January 2021, the company's shares were trading at Rs 13.68 and at present, they trade at Rs 182.30, a whopping rally of 1,233%!

Majority of the company's shares are owned by the promoters with only 25% available with the public.

#4 Available Finance (1,222%)

Available Finance is engaged in the business of non-banking finance.

Despite having zero sales in nearly most of its quarters, the company has been able to grow its net profit.

Trading at Rs 6.67 back in January 2021, Available Finance shares now trade at Rs 88.20 commanding a marketcap of Rs 900 m.

#5 NMS Resources Global (1,215%)

Incorporated in 1986, NMS Resources Global earlier used to focus on food processing and commodity supply sector.

Now, the company has increased its business activities by addition of more business sectors such as contracting services like civil construction, pre-engineered buildings, skill development, financial consultancy, and engineering services.

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It also provides exclusive supplies and marketing team for telecom provider companies.

The stock has delivered 1,215% gains since the start of this year.

#6 Steel Strips Infrastructure (1,134%)

Steel Strips Infrastructures is engaged in business of infrastructure, real estate, trading, and commission agency business.

The company has promoted, developed, and manages the SAB Mall in Noida. The shopping complex has been designed by world renowned Hafeez contractor.

From trading at Rs 4.10 back in January 2021, the company's shares have zoomed to Rs 50.60.

Yesterday, shares of the company zoomed 5% to a new 52-week high of Rs 55.90 but erased gains later to end 5% lower.

The company has reported negative return on equity (ROE) for three consecutive years.

Which other penny stocks have delivered stellar returns?

The penny stocks above delivered over 1,000% returns since the start of this year.

There are several such penny stocks which have delivered gains ranging from 400-900% since January 2021. Here are some of them.

Penny Stock Gainers of 2021

Company 1-Jan-21 27-Aug-21 Returns (%)
Xpro India Ltd. 34.50 349.75 914%
Ritesh Properties & Industries Ltd. 20.45 204.45 900%
SIEL Financial Services Ltd. 1.73 14.8 755%
Chandra Prabhu International Ltd. 21.40 170.45 696%
Sreechem Resins Ltd. 4.78 31.5 559%
Unistar Multimedia Ltd. 1.79 11.79 559%
HB Stockholdings Ltd. 6.18 40.4 554%
Cosmo Ferrites Ltd. 12.00 76.7 539%
Hexa Tradex Ltd. 33.70 213.5 534%
Sanrhea Technical Textiles Ltd. 8.46 52.25 518%
Nyssa Corporation Ltd. 1.01 5.79 473%
Ramgopal Polytex Ltd. 1.88 10.58 463%
Pooja Entertainment & Films Ltd. 38.95 217.3 458%
Fundviser Capital (India) Ltd. 6.25 33.25 432%
Comfort Fincap Ltd. 8.66 44.7 416%
Rama Steel Tubes Ltd. 46.00 235.7 412%
Natraj Proteins Ltd. 17.50 88.35 405%
Majesco Ltd. 16.20 80.95 400%
Data Source: Ace Equity

Here are top penny stock gainers of 2021 whose marketcap stands above Rs 20 bn.

Company 1-Jan-21 27-Aug-21 Returns (%)
RattanIndia Enterprises Ltd. 6.79 47.65 602%
Lloyds Metals & Energy Ltd. 12.08 66.15 448%
Brightcom Group Ltd. 7.18 34.75 384%
Poonawalla Fincorp Ltd. 40.95 178.1 335%
Reliance Power Ltd. 3.49 11.19 221%
HFCL Ltd. 25.9 68.3 164%
Tata Steel BSL Ltd. 39.9 90.55 127%
Shree Renuka Sugars Ltd. 11.96 26.55 122%
RattanIndia Power Ltd. 2.37 4.79 102%
Filatex India Ltd. 47.75 93.6 96%
IIFL Securities Ltd. 47.85 93.65 96%
Data Source: Ace Equity

How should one go about investing in penny stocks?

Penny stocks are inherently riskier than blue-chip or mid cap stocks.

On the brighter side, they present a huge growth potential. It's not unusual for a good penny stock to turn a multibagger in a matter of months. But on the flipside, there is a high risk attached.

Not all penny stocks tend to be outperformers. That is the reason penny stocks are not recommended to those having a low risk profile.

The corpus that one sets aside for penny stocks should not be more than 5%-7% of the total money allocated towards equities.

Also, you need a very strong framework to separate the men from the boys in the penny stock universe. A framework that not only enables you to zero in on the right penny stock at the right price but also helps you avoid those big losers.

Back in July 2020, Co-head of Research at Equitymaster, Rahul Shah shared a very effective technique that zeroes in on the right penny stocks.

Since you are interested in penny stocks, check out our ultimate guide to penny stock investing.

Happy Penny Stock Investing!

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...

Equitymaster requests your view! Post a comment on "Top Performing Penny Stocks of 2021". Click here!

2 Responses to "Top Performing Penny Stocks of 2021"

Jayvanthy

Sep 4, 2021

Very interestingly Enlightening ...especially for those averse to PennyStocks investing

Like (4)

Ramesh B

Aug 30, 2021

excellent !

Like (2)
  
Equitymaster requests your view! Post a comment on "Top Performing Penny Stocks of 2021". Click here!

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