Multibagger Stocks: Top Two Penny Stocks Under Rs 100 Rebound Sharply from Their 52-Week Lows; Shares Jump Over 3,800% and 4,600%
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Covidh Technologies and Mrugesh Trading hit upper circuit; Covidh surges over 2,785 per cent YoY while Mrugesh rallies around 4,600 per cent from 52-week low amid strong speculative momentum
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The Indian equity markets traded on a weak note on Wednesday, with the Nifty 50 declining 0.75 per cent to 24,196.45, down 181.65 points. Broader markets also remained under pressure, with the Nifty Smallcap index slipping 0.27 per cent to 17,792.95. Despite weakness in benchmark and broader indices, stock-specific action remained strong, with select Small-Cap stocks witnessing sharp gains during the session.
Amid this, Financial Services stock Mrugesh Trading shares were trading at Rs 22.59, up 1.99 per cent, while IT-software stock Covidh Technologies was trading at Rs 74.16, also up 1.99 per cent, showing positive momentum despite broader market weakness. Both stocks were locked in their respective Upper Circuits during the session
Covidh Technologies Share Price Performance
Covidh Technologies Ltd has delivered strong returns, gaining 48.4 per cent over the past month and an exceptional 2,785.6 per cent over the past year.
The stock is currently trading near its 52-week high of Rs 74.16, compared to its 52-week low of Rs 1.50, indicating a massive recovery and sustained upward trend. This information is for educational purposes only and should not be considered as investment advice. This information is for educational purposes only and should not be considered as investment advice.
Mrugesh Trading Share Price Performance
Mrugesh Trading Ltd has also delivered strong short-term returns, gaining 45.00 per cent over the past month and 1,349.06 per cent over the past six months. Over the past year, the stock has surged by around 4,700.00 per cent, highlighting extreme price movement.
The stock has traded in a range of Rs 0.48 to Rs 23.04 over the past 52 weeks. Notably, on April 23, 2026, the shares of Mrugesh Trading Ltd were not traded during the session. This information is for educational purposes only and should not be considered as investment advice.
Massive Rally from 52-Week Lows
Both stocks have delivered extraordinary returns from their respective 52-week lows. Covidh Technologies has surged sharply from Rs 1.50 to Rs 74.16, marking a rise of over 3,800 per cent.
Similarly, Mrugesh Trading Ltd has rallied from Rs 0.48 to Rs 22.59, translating into a gain of over 4,600 per cent from its 52-week low. These sharp rallies highlight strong speculative interest and momentum-driven buying in these stocks.
About Covidh Technologies
Covidh Technologies Ltd operates in the IT and software segment, focusing on technology-driven solutions and digital services. The company is involved in software development, IT-enabled services, and related activities, catering to evolving digital requirements.
About Mrugesh Trading
Mrugesh Trading Ltd is engaged in the financial services segment, with activities including trading, investment, and financial-related operations. The company operates in capital markets and focuses on investment opportunities across asset classes.
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Disclaimer: This article is for informational purposes only and not investment advice.