Since last Diwali, the benchmark Sensex index has surged by around 22%. Amid this impressive rally, several penny stocks have transformed into multibaggers. ETMarkets identified 10 penny stocks that have gained between 100% and 300% during this period. The selection focused on stocks with a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a last trading volume of over 5 lakh shares. (Data Source: ACE Equity)
