These 6 Penny Stocks Turned Multibaggers, Delivering Up to 285% Returns in 2024 — Outperforming the Sensex

While the Sensex showed a modest increase of 6.5% in 2024 (from 1st January to 14th June), some penny stocks saw massive gains, with returns ranging from 100% to a whopping 285%. According to data from Ace Equity, six penny stocks, each with a trading volume of over 5 lakh and a market cap below ₹1,000 crore, have transformed into multibaggers. Here’s a closer look at these top performers:

1. CNI Research | CMP: ₹8.95

CNI Research has surged by an incredible 285% so far in 2024. The stock hit a 52-week high of ₹9 and a low of ₹1.9.

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2. Navkar Urbanstructure | CMP: ₹13.76

Navkar Urbanstructure has recorded an outstanding return of 253% this year. The stock’s 52-week high is ₹16.8, while its low is ₹3.7 on the BSE.

3. Sunshine Capital

Sunshine Capital has climbed by 166% in 2024. Its 52-week high and low are ₹4.13 and ₹0.46, respectively, on the BSE.

4. Franklin Industries | CMP: ₹6.4

Franklin Industries has given investors a 147% return this calendar year. The stock’s 52-week high and low are ₹8.26 and ₹0.7 on the BSE.

5. UTL Industries | CMP: ₹4.54

UTL Industries has grown by 109% in 2024. The stock’s 52-week high and low stand at ₹4.54 and ₹1.5 on the BSE.

6. Excel Realty N Infra | CMP: ₹0.83

Excel Realty N Infra has provided almost 100% returns to investors in 2024. Its 52-week high is ₹0.9, and the low is ₹0.34.

These stocks, though starting as penny stocks, have significantly rewarded their investors with exceptional returns in 2024.