These Low price stocks doubled in November

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These Low price stocks doubled in November

The Sensex is up by more than 10 per cent in November so far. The global cues are positive while emerging markets are expected to do well in coming quarters. With indices soaring with such pace, it is very difficult to beat benchmark indices.

The Sensex is up by more than 10 per cent in November so far. The global cues are positive while emerging markets are expected to do well in coming quarters. With indices soaring with such pace, it is very difficult to beat benchmark indices.

Low prices scrips or the scrips which are trading at below Rs 100 per share have caught investors' attention in this rally.

As many as 7 low price scrips have more than doubled in November so far with Tata Teleservices leading the pack with gains of more than 140 per cent. KeyNote Financial Services, Sybly Industries Ltd, Maharashtra Corporation, Vivanza Biosciences, Tilak Ventures and Biofil Chemicals & Pharma are the Low price scrips that have more than doubled since November this month.

If we consider the performance on YTD basis, as many as 132 low price scrips have more than doubled while as many as 291 low price scrip generated returns in excess of 50 per cent in 2020 alone.

Below is a list of top performing low price scrips in 2020:

Company Name

Sector Closing price as on January 1, 2020 Closing price as on Novembr 17, 2020 Returns (YTD)
Praveg Communications (India) Ltd. Healthcare 4.15 43.9 957.83
Biofil Chemicals & Pharmaceuticals Ltd. Healthcare 16.25 146.7 802.77
Alok Industries Ltd. Textile 2.99 24.1 706.02
Tilak Ventures Ltd. Finance 0.69 4.78 592.75
Venus Remedies Ltd. Healthcare 21.7 133.05 513.13
Tanla Platforms Ltd. IT 70.05 415 492.43
Mangalam Drugs & Organics Ltd. Healthcare 28.9 169.25 485.64
RRIL Ltd. Textile 0.89 5.11 474.16
Confidence Finance And Trading Ltd. Trading 0.58 2.98 413.79
Network Ltd. Consumer Durables 1.04 5.3 409.62