These stocks gained upto 700 per cent on YTD basis

DSIJ Intelligence / 05 Jul 2017

These stocks gained upto 700 per cent on YTD basis

Indian markets surged to record highs in the month of June, soaring over 17 per cent till June from the beginning of the calender year 2017.

Indian markets surged to record highs in the month of June, soaring over 17 per cent till June from the beginning of the calender year 2017.
 
About 100 stocks that were trading at less than Rs 100 at the beginning of the year 2017 have risen substantially, resulting in a return that more than doubled the actual investments till June 2017 with gains of up to 700 per cent.   
 
The two-digit stocks that more than doubled the actual investments of the investors were Padmalaya Telefilms, Indiabulls Ventures, MEP Infrastructure, Aditya Birla Money, Indiabulls Real Estate, Geojit Financial Services, C&C Construction, Binny, Magnum Ventures, Bella Casa, Ginni Filaments among others.  
 
Padmalaya Telefilms and Indiabulls Ventures grew more than 700 per cent while C&C Construction and Binny rose over 300 per cent each till June 2017.            
 
These are low priced two-digit penny stocks that are usually avoided by most investors largely because these stocks have low liquidity and also lesser visibility and public information. However, according to the experts, observing the business cycle, company's management and its vision, and the market place of the products or services aids in successful investments in such penny stocks.      
 
On July 5, Padmalaya Telefilms was trading at Rs 10.13, up by almost 5 per cent on the BSE in the intraday trade. While, Indiabulls Ventures was trading at Rs 175, up by nearly two per cent in the intraday trade on BSE. MEP Infrastructure was trading at Rs 126, up by nearly 5 per cent on the bourses, during the corresponding time.  

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