Penny Pop: How to make 40% returns in 7 days

Penny stocks (stocks trading at below Rs 10 per share) are always alluring to investors as they offer an easy way to make money in what is usually a short period of time (if you’re lucky, that is).

Below’s a list of penny stocks that generated close to 40 percent since 27 April. In comparison, the benchmark Sensex fell by 4.4 percent during the same period. But be warned. Penny stocks are usually the easiest to manipulate - and don’t be surprised if you actually lose it all.

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In fact the BSE has decided to shift 33 stocks to trade-to-trade or trade-to-segment as part of its surveillance measures. This essentially means that traders will have to be cautious while trading in them as the settlement will be done on a trade-to-trade basis, according to Economic Times. Many of these stocks are also in the list below. Some of them are Moschip Semiconductor, Futura Polyester, Unique Organics, Jayant Mercantile, Virgo Global, Sanguine Media.

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Ankush Finstock, which claims to be engaged in activities like trading in equities and derivatives and investments in securities, topped the list this week with returns of 42 percent to Rs 9 per share from Rs 6.3 earlier. It has a market cap of Rs 5 crore has risen by 88 percent in the last one year.

 Bhilwara Spinners is another scrip that is up from Rs 5.54 to Rs 7.77 per share, a jump of 40 percent. This textiles company has a market cap of Rs 5 crore.

Disclaimer: Firstpost is looking at penny stocks to tell you what may be going on there, and not to bring you an investment opportunity. Investors are warned that they should NOT take any buy or sell decision based on the information presented in our posts or market price trends. Investors should consult their own financial and share advisors before taking purchase or sale decisions. Firstpost does not take any responsibility for any losses incurred by investors who take their cues from our posts and chat sessions.