Penny Stocks that Became Multibagger Stocks

27 September 2023
3 min read
Penny Stocks that Became Multibagger Stocks
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Many investors are sceptical of Penny Stocks. However, there have been instances where Penny Stocks have turned out to be Multibaggers. You might be surprised to learn that some of the big names you hear now were once Penny Stocks. 

The key to grabbing a Multibagger Stock is spotting them and, before we go any further if you've never invested in stocks before, you must take immense consideration and research before investing in Penny Stocks.

This blog has covered some of the penny stocks that became multibagger stocks over the years.

Multibagger Penny Stocks

 S.No.

Multibagger Penny Stocks

1.

Eros International Media

2.

Shanti Educational Initiatives

3.

Swiss Military Consumer Goods

4.

MPS Infotecnics

5.

Cressanda Solutions

6.

BCL Enterprises

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Overview of Multibagger Penny Stocks

1) Eros International Media

Eros International Media Limited is a media and entertainment company based in India. The Company's primary business is film production, exploitation, and distribution.

The Company and its subsidiaries are in the business of acquiring, co-producing or producing Indian film content and then exploiting and distributing such films in India through music release, theatrical distribution, a digital optical disc (DVD) and video compact disc (VCD) release, television licencing, and other media distribution avenues, such as cable or direct to home (DTH) licencing.

2) Shanti Educational Initiatives

Shanti Educational Initiatives Limited is an education company based in India that offers school management solutions. The company provides services for planning, building, and managing educational institutions ranging from kindergarten to grade 12.

The company offers school infrastructure design, affiliation formalities consultancy, curriculum design, co-curricular activities planning and support, teacher training, financial planning, campus layout plan, human resource, and other services.

3) Swiss Military Consumer Goods

Swiss Military Consumer Goods Limited is an India-based company that trades and markets various lifestyle products under the brand SWISS MILITARY, such as travel gear, luggage, leather accessories, sunglasses, electronics, protective masks, and other products.

In addition, the company trades in the capital market in the futures, options, and cash segments. Men's innerwear and home appliances are among the products offered by the company (brown goods).

4) MPS Infotecnics

MPS Infotecnics Limited is an information technology (IT) solutions and products provider based in India. System integration and networking solutions, telecommunications, enterprise software, domain registration and web hosting, value-added service (VAS), and IT-enabled services are all areas of expertise for the company.

The business is divided into three segments: telecommunications, IT solutions and products, and IT-enabled services. It provides prepaid mobile top-up, post-paid mobile bill payment, Direct-to-Home (DTH) recharge, landline bill payments, data-card recharge/payments, mobile applications, and software applications to customers.

5) Cressanda Solutions

Cressanda Solutions Limited is a company that provides information services. The company offers information technology (IT), digital media, and IT-enabled services. It provides software services such as onsite-offshore development of various business applications, IT consulting, offshore application development, maintenance, testing, and migration.

It also provides data warehousing, enterprise application integration, enterprise architecture, application development, enterprise portals, knowledge management, and project management.

6) BCL Enterprises

BCL Enterprises Limited is a non-banking financial institution. The Company lends and advances money to industrial, commercial, and other businesses. In addition, BCL Enterprises provides services to customers in India. BCL Enterprises Limited is a Non-Banking Financial Company (NBFC) classified as B (NBFCs that do not accept public deposits).

The Company is currently engaged in NBFC activities. BCL Enterprises Limited is one of the country's fastest-growing NBFCs, providing various financial services to multiple industries. Individuals and businesses can get credit from the company. In addition, it provides business loans and meets the working capital needs of individuals, corporations, and other legal entities.

You may also want to know the Best Penny Stocks to Buy in India

Conclusion

Penny Stock investing is also extremely risky. Due to low liquidity and a limited historical track record in the stock market, making an informed decision is difficult.

Profitable returns are always desirable, but getting stuck in a soup because the stock was cheap is not. Instead, investigate the company's fundamentals and long-term growth prospects.

Happy investing!

To read the RA disclaimer, please click here
Research Analyst - Bavadharini KS

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) Ltd. do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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