Market rally lifts many penny stocks

206 of these scrips have given returns in excess of 100% in the past one year

A rising tide is said to lift all boats and the surge in the share market has done this with lesser known stocks, with a sizable number of penny stocks doubling in value in the past year.

Data compiled by the BS Research Bureau shows 206 of these scrips have given returns in excess of 100 per cent in the past one year. Of these, six gained more than 500 per cent. In contrast, the benchmark BSE Sensex rose only 22 per cent in this period; the BSE MidCap gained 32 per cent.

Penny stocks are those available in the