These multibagger penny stocks skyrocketed up to 203 per cent in just one month! Do you own them?

The Indian benchmark indices plunged heavily in the last month (December 12, 2022-January 11, 2023) following the Federal Reserve's decision to raise interest rates, with the majority of global indices falling amid fears of an economic slowdown.  

A bloodbath on domestic markets evidenced the worsening Covid scenario and fears fueled by better-than-expected US economic data, which led to speculation that the Federal Reserve would raise interest rates further.  

A modest rally occurred during the last week of the year 2022 as a result of optimistic economic data, including a decline in retail inflation, a boost in manufacturing activity and other upbeat global cues. The indices then plummeted once again, primarily due to losses in technology stocks.  

As a result, over the period of the last month, both the BSE Sensex and Nifty 50 experienced decline of almost 4 per cent.  

A few Small-Cap Penny Stocks, on the other hand, have delivered outstanding returns of more than 100 per cent in just one month! With gains of over 200 per cent and back-to-back upper circuits in the stock, Jai Mata Glass Ltd leads the list of multibaggers. Here is a list of the top multibaggers that have more than doubled investors' wealth: