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Birla Tyres, Alok Ind: 41 penny stocks zoom over 100% from March lows

Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months

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While the rally has made analysts cautious on the small-caps, they expect the mid-cap and the large-cap segments to do well over the next few years | Illustration by Binay Sinha

Deepak Korgaonkar Puneet Wadhwa Mumbai | New Delhi

4 min read Last Updated : May 27 2020 | 11:50 AM IST

A recovery in the markets, especially in the small-cap segment, from their respective March low has seen over three-dozen penny stocks – typically described as those that trade below Rs 10 – skyrocket. Considered highly volatile and risky, some stocks have given a stellar 438 per cent return in the last two months.

Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, Prozone Intu Properties and Morepen Laboratories are some of the 41 counters that have rallied over 100 per cent in the past two months. The S&P BSE Smallcap index that hit 10,590 levels on Tuesday

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