Penny Pop: These stocks zoomed more than 30% in 10 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 more than 30 percent since 20 April. In comparison, the benchmark Sensex added 1.3 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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Goyal Associates, which claims to be a non-banking financial services company,tops the list with an increase of 55 percent in its share price to Rs1.16 from 75 paise. The company has a market cap of about Rs 3 crore.

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Globsyn Infrotech is another penny scrip that is up from Rs 4.63 per share to Rs 6.48, a jump of 40 percent. The IT software products provider has a market cap of 4.13 crore and is up almost 80 percent in the past one month.

Parker Agrochem Exports (up by 40 percent), Hind Syntex (up 39 percent) and Chennai Meenakshi (up 39 per cent) are other stocks that made noteworthy gains.


_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.