Idea Share Price in 2023 has shocked many, and brought smiles to millions of investors who believed in risking investment in penny stocks. Investing in penny stocks, while inherently risky, has proven to be a path to substantial returns for investors equipped with strategy and resilience in 2023.
Often characterized by low float and volatile swings, these stocks can offer substantial gains or losses with a single trigger.
Despite this volatility, a considerable segment of the stock market, drawn by the allure of high-risk-high-reward opportunities, has invested in penny stocks, anticipating significant returns in a short span.
Here, we outline a selection of well-known penny stocks that have emerged as multibaggers, delivering staggering returns in 2023.
Top 5 Risk Reward Penny Stocks of 2023 including Idea Share Price
1 ) Vodafone Idea: Witnessing a remarkable surge from ₹8 to ₹16 per share, the stock yielded a 100% return to investors in 2023, showcasing an exceptional 175% growth in the financial year 2023-24.
2 ) Reliance Power: Despite a challenging start and a temporary dip to ₹9.15 per share, this Anil Ambani-backed entity soared to ₹23.30, securing a phenomenal 150% return in FY 2023-24, overcoming a brief setback with a substantial rebound.
3 ) Mauria Udyog: Starting at ₹3.67 and climbing to ₹10.23 per share, this penny stock offered a remarkable 180% return in 2023, exhibiting promising signs of recovery after a period of volatility.
4 ) Comfort Intech: Surging from ₹2.69 to ₹9.38 per share, this small-cap stock delivered an impressive 250% return in 2023, displaying consistent growth over the past six months and signaling promise in the market.
5 ) Vivanta Industries: With a leap from ₹1.63 to ₹4.52 per share, this small-cap company showcased a 175% return in 2023, demonstrating resilience and growth despite market fluctuations.
The list continues with other notable multibagger penny stocks like BSEL Algo, Kenvi Jewels, Tarini International, Suzlon Energy, and Tatia Global Vennture, each displaying remarkable growth and delivering significant returns to their investors in the dynamic landscape of penny stocks throughout 2023.
Disclaimer : The views and recommendations made above are those of individual analysts or broking companies, and not of thenewsfacts. We advise investors to check with certified experts before taking any investment decision.
