Penny Stocks: We have heard many stories of penny stocks giving multi-bagger returns in a short period. Well, the business world is full of this kind of story, as it can be heard often. Today we will talk about 2 penny stocks whose price fell under 26 and have given a whooping return of up to 174% in the last 1-month. These two stocks are Kavveri telecom and Soma Textile and Industries Ltd. Both stocks are hitting upper circuits and new 52-week highs back to back. Let’s talk about the details.
Soma textiles & Industries Ltd
The Stocks of Soma textiles has been hitting back-to-back upper circuit in recent time. It closed with a 4.96% intraday gain of 25.85 on the last trading day. It has hit a new 52-week high on the last two consecutive trading days (March 01 and March 02).
With Several upper circuits in February, it has achieved a milestone of a new 52-week high almost every week. In the Last 30 days, the stock of Soma Textiles has given a massive return of 176% in last-1-month only.
In the last 3 months, it gave 240% return. In the last 6 Months, it has given a 260 % of return and in the last 360 days, it has jumped to 160%. In the last three years, it has given a massive return of 1175%.
Sona Manufacturing manufactures cotton yarns, shirt and trouser fabrics etc.
Kavveri Telecom products
On its last trading day, the stock of Kavveri Telecom Products rallied with a 10% intraday Jump to close at 6.38. It hit the upper circuit on March 02, 2023.
In one month it has given a 157% return
In the last 3 months it has given 236% return
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