From Rs 7 paisa stocks to Rs 8,000 crore companies: How 18 penny stocks turned into small and midcap multi
- Posted on May 7, 2026
- By Business News Today
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- 1 min read
From Rs 7 paisa stocks to Rs 8,000 crore companies: How 18 penny stocks turned into small and midcap multi
Some Indian penny stocks have delivered exceptional returns. At least 18 companies, once trading below Rs 20, have grown to market capitalizations between Rs 3,000 crore and Rs 12,000 crore. This transformation occurred over the last five years. Sectoral tailwinds and improved business fundamentals fueled this growth.
