Stock market Last week: After seven weeks of gains, key Indian stock market indices took a breather last week. The Nifty 50 index fell 0.55 percent or 113 points last week, while the BSE Sensex fell 257 points or 0.36 percent. In the last five sessions, the Nifty Bank index dropped 493 points or 1.03 percent.
However, in such a volatile market, some penny stocks made huge gains last week. Despite the range-bound trend on Dalal Street, some of these penny stocks remained one of circuit-to-circuit stocks.
Top gainer penny stocks
Here are the top gainer penny stocks from the previous week:
Smart Finsec
This micro-cap stock is listed in the X category on Dalal Street. This penny stock closed at ₹17.67 apiece on the BSE, a 60 percent increase from its previous close of ₹10.99 apiece. This is possible because the penny stock hit upper circuits in all five sessions in the previous week.
Thus, one of the Indian stock market’s circuit-to-circuit stocks is this penny stock. This multi-bagger penny stock has increased by 140 percent over the last six months, making it one of the best performers on the Indian stock market. It has returned almost 95 percent in the last month. This multi-bagger stock has increased by 120 percent in YTd time.
Rainbow Foundations
On Dalal Street, this penny stock is listed under the X category. The penny stock closed at ₹16.89 per share on the BSE, a 40 percent increase from its Friday closing level of ₹12.01 per share. The penny stock reached its 52-week high of ₹17.05 per share levels on Friday before closing at ₹16.89 per share levels.
In the last week, this penny stock reached a 52-week high in three of the five sessions. On Tuesday and Wednesday, it reached a 52-week high as well. This penny stock has increased by about 50% in the last month, while the X-category stock has increased by about 60% over the last six months. YTD, however, has only seen a roughly 30% increase.
Indian Exchange has asked the company for clarification in light of the penny stock’s recent surge. To this clarification, the company has not yet responded.
Shah Metacorp
This penny stock is listed on Dalal Street under the B category. In the last five trading sessions, this small-cap stock has increased by approximately 38 percent, from ₹3.33 to ₹4.60 per share. The small-cap stock below ₹5 touched the upper circuit on two sessions on Wednesday and Friday, which could make this possible.
This penny stock reached its all-time high of ₹4.60 on Friday as well. This penny stock has gained fifty percent over the past month, and sixty-five percent over the past six months. Over the last year, this penny stock has increased by about 40%.
Alstone Textiles (India) Private Limited
On Dalal Street, this penny stock is listed in the X category. In the previous week, the small-cap stock reached the upper circuit on all trade sessions. This small-cap stock trading below Re 1 has risen from 0.70 to 0.96 apiece in the last week, registering a 37 percent gain. This circuit-to-circuit stock has increased by more than 55% in the last month.
In the last six months, it has given around 57 percent return, but in the year to date, this penny stock is among the stocks in the Indian stock market that has given zero return to its investors.
Prakash Steelage
This penny stock is listed on Dalal Street in the T category of securities. In the last five trading sessions, it has risen from ₹6.80 to ₹8.92 per share, an increase of more than 30%. For the fourth day in a row, this penny stock has hit the upper circuit and 52-week high.
This penny stock has returned more than 60% to its investors in the last month, and it has returned 96% in the last six months. It has returned more than 75% to its shareholders so far this year.
