Penny pop: How to make 50% in 7 days

Penny stocks (stocks trading 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 is a list of penny stocks that generated 30-60 percent since 3 May i.e., the past seven trading sessions. In comparison, the benchmark Sensex fell by 5 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.

On top of the list is Gujarat Lease Financing, which has jumped 60 percent in the past seven trading sessions to hit Rs 3.87 per share. The company is registered with the Reserve Bank of India as a non-banking finance company (NBFC) and has a market cap of around Rs 10 crore.

Second on the list was Sybly Inds, which soared50 percent in the same period. The company, which has a market cap of Rs 12 crore, is engaged in the manufacture of polyester and cotton yarn. Futura Polyesters and Moschip Semiconductor Technology, which appeared in the previous week’s list, have a presence in the current list as well.

_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._