Investing in penny stocks- those trading below Rs 10 or Rs 20 often comes with high risks, but nevertheless some have delivered surprising returns over time as well. While many of these stocks remain volatile and speculative, a few have managed to turn small investments into significant gains. Over the past five years, some low-priced stocks have surged multifold, rewarding patient investors, while others have struggled or faded away.
Let’s take a look at 5 penny stocks under Rs 10 and how they have performed so far from the recent performance to the last five years.
Vodafone Idea
The third largest telecom operator, the Vodafone Idea share price is trading at around Rs 8 per share as of the latest. The share price of the company has seen steep declines in the short term. In the past month alone, the share price has dropped 11%, while in the last six months, it has fallen nearly 50%. However, if we zoom out to a five-year timeline, the share price of Vodafone Idea has gained 105%.
The telecom operator was also in the spotlight recently for its upcoming 5G rollout. Vi plans to launch 5G services in key cities starting March 2025, beginning with Mumbai, followed by Delhi, Bangalore, Chandigarh, and Patna in April.
Apart from this, earlier in September 2024 the company secured deals worth $3.6 billion with Nokia, Ericsson, and Samsung for network expansion over the next three years.
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In the Q3FY25 earnings, the company reported a reduced net loss of Rs 6,609.3 crore, down from Rs 6,986.7 crore in the same period last year. Furthermore, the revenue saw a 4.16% increase, reaching Rs 11,117.3 crore compared to Rs 10,673.1 crore in the previous year.
Despite financial struggles, Vi received an equity infusion of Rs 1,910 crore from its promoters, offering some relief. However, its debt from banks stood at Rs 2,330 crore as of December 31, 2024.
Historical data suggests February has been a tough month for Vodafone Idea’s follow-on public offering (FPO). Over the last 16 years, the stock has delivered negative returns in 11 instances.
Gujarat Toolroom
This small-cap stock has delivered a staggering 3,266.67% return in five years. As of the latest,
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