Best Multibagger Penny Stock 2024

1. Square Four Projects India Ltd.

Headquartered in Kolkata, West Bengal, Square Four Projects India Ltd., is a microcap firm that holds a market capital of INR 19.95 crore.

Operating in the real estate sector, has declared a stock split to make the company shares more accessible and increase the affordability for their shareholders.

On 20 July 2023, the company fixed the record date to sub-divide the equity share from INR 10/- to INR 5/- in the stock exchange.

The stock made remarkable moves in the Bombay Stock Exchange, all-time high was INR 22.09 (17/04/2023) and 52-week low was INR 8.01 (26/12/2022).

Through the last financial year, 2022-23, the stock price gained about 11.15 percent from INR 18.30 to INR 20.34 as on 11th July, 2023.

According to the YTD basis, the stock price rose from INR 8.03 yielding a return of 153.30 percent in 2023.

In the span of six months, the multibagger return rose to 145.06 percent from INR 8.30.

More interestingly, the stock has gone up by 33.29% in the previous month and through the last five trading sessions, the stock value rose by 10.18 percent.

2. SEL Manufacturing

The second best multibagger penny stock to invest is SEL Manufacturing.

SEL Manufacturing company has given a huge returns to the investors.

In a 3 month period, the stock rose from INR 0.35 to INR 91.8 which means for an investment of INR 10,000 it received a return of INR 26 Lakhs.

You may be surprised to notice the startling figures illustrated above, of SEL Manufacturing, a penny stock company that was once hit by severe bankruptcy. The company reported a net loss during the first half of the current fiscal year.

SEL Manufacturing, a Ludhiana based company, operates in manufacturing textiles under various segments like cotton yarn, combed yarn, knitted fabrics, knitted garments, and terry towels.