These four penny stocks more than doubled in this July itself; check here!

Penny Stocks tend to gain momentum as markets show trend reversal. While many market observers believe that the current up move is simply a technical bounce and not necessarily a trend reversal, several penny stocks have managed to outperform the markets in July.  

BSE Sensex climbed approximately 5 per cent in July so far while we have at least 13 penny stocks that gained more than 50 per cent since July and at least 54 penny stocks that jumped over 20 per cent since the beginning of the month.  

Outperformance is noticed in several penny stocks; however, a few penny stocks have managed to more than double since July.  

Here is the list of top-performing penny stocks in July that have managed to gain more than 100 per cent since the beginning of the month: