Four penny stocks that sizzled in the past one month

Even as demonetisation affected the market mood negatively amidst several reports on how demonetisation and the subsequent remonetisation will negatively affect the stock prices in 2017, there are few stocks that have surprised investors.

Vishes Info, Mobile Tele, Urja Glonal and Apls Industries are four stocks with market prices of less than Rs 10 that have generated returns in excess of 50 per cent over the past one month.

Vishes Info is up by a whopping 153 per cent, Mobile Tele by 103  per cent, Urja Global is up 81 per cent and Alps Industries is up 56.20 per cent approximately.

The performance of these stocks is phenomenal considering that the broader markets suffered during the period. The Sensex is down by almost 1.5 per cent over the past one month, whereas the BSE Small Cap index is down by almost 2.5 per cent over during the period.

Interestingly, the surge in prices for these penny stocks is accompanied by surge in volumes, except for Vishes Info and Urja Global where the volumes dropped.