Top-performing penny stocks in August 2020
DSIJ IntelligenceCategories: DSIJ News, Trending
Equity market performance in August has taken the market participants by surprise as BSE Small-cap index gained by 14 per cent in August itself.
Equity market performance in August has taken the market participants by surprise as BSE Small-cap index gained by 14 per cent in August itself.
What is more remarkable is the performance of penny stocks in this market rally. Penny stocks often are considered unhealthy stocks and are not preferred by the long-term investors as they are considered to be way too risky to include in one’s portfolio.
In August, as many as 176 penny stocks have gained more than 20 per cent with the best performing penny stock being Kaushalya Infrastructure Development Corporation Limited. The stock has almost doubled in just one month.
Following is the list of top-performing penny stocks in August -
| Company Name | Sector | Market Cap | Returns (%) | |||
| Since August 1 TD | Since March 23 TD | YTD | Closing Price as on August 21, 2020 | |||
| Kaushalya Infrastructure Development Corporation Ltd. | Infrastructure | 6.41 | 96.81 | 386.84 | 311.11 | 1.85 |
| RattanIndia Power Ltd. | Power | 1985.79 | 94.2 | 177.24 | 97.06 | 4.02 |
| Satra Properties (India) Ltd. | Realty | 28.72 | 87.21 | 228.57 | 103.8 | 1.61 |
| SPEL Semiconductor Ltd. | Electricals | 41.87 | 84.55 | 152.22 | 183.75 | 9.08 |
| Network Ltd. | Consumer Durables | 21.08 | 77.27 | 320.59 | 312.5 | 4.29 |
| PSL Ltd. | Iron & Steel | 10.12 | 76.09 | 113.16 | 65.31 | 0.81 |
| BCC Fuba India Ltd. | Electricals | 14.05 | 74.52 | 17.69 | 75.86 | 9.18 |
| GBL Industries Ltd. | Trading | 0.81 | 70.53 | 752.63 | 141.79 | 1.62 |
| Tirupati Tyres Ltd. | Trading | 1.09 | 69.89 | - | 259.09 | 3.16 |
| RLF Ltd. | Textile | 2.17 | 66.92 | - | -2.69 | 2.17 |
| Omkar Speciality Chemicals Ltd. | Chemicals | 14.43 | 65.33 | 150.36 | 51.08 | 7.01 |
| Housing Development & Infrastructure Ltd. | Realty | 224.68 | 65.16 | 231.47 | 60.68 | 4.74 |
| Welcure Drugs & Pharmaceuticals Ltd. | Trading | 2.58 | 64.66 | - | 289.8 | 1.91 |
| Emco Ltd. | Infrastructure | 11.48 | 64.08 | 344.74 | 141.43 | 1.69 |
| Maxgrow India Ltd. | IT | 3.01 | 63.95 | 78.48 | -0.7 | 1.41 |
| Avance Technologies Ltd. | IT | 10.5 | 60.61 | 178.95 | 178.95 | 0.53 |
| VCU Data Management Ltd. | IT | 6.4 | 59.46 | 3.51 | -42.24 | 4.13 |
| Hindustan Bio Sciences Ltd. | Healthcare | 2.45 | 59.33 | 41.42 | 16.59 | 2.39 |
| 3I Infotech Ltd. | IT | 606.25 | 57.56 | 202.42 | 86.57 | 3.75 |
| Amforge Industries Ltd. | Trading | 3.34 | 55.7 | 236.23 | 217.81 | 2.32 |