Investing in stocks has long been considered a path to wealth creation, but historically, few retail investors have taken advantage of this opportunity. However, there has been a significant surge in retail participation in stock investing. Investors are increasingly viewing equities as a promising asset class compared to traditional options like real estate and gold.
Many investors are drawn to small-cap and penny stocks due to their lower prices, hoping for rapid gains if the companies are fundamentally strong and well-positioned within their industries. While some stocks have indeed rewarded investors with significant growth, others have remained stagnant. : In this article, we explore the performance of five small-cap stocks that were trading between 0.
55 and 17 five years ago and have now surged to trade between 60 and 199 apiece. Lloyds Engineering Works Following the pack was (formerly Lloyds Steels Industries), which has witnessed an astounding surge in its stock price, soaring from a meager 0.55 to the current market price of 66.
85 per share, resulting in a stellar rally of 12000%. After a period of lackluster performance in CY18 and CY19, the company's shares made a remarkable comeback in CY20, ending the year with an impressive 104% return. The subsequent year witnessed an extraordinary rally of 1920%, and after negative returns in 2022, the stock continued its bull trajectory in 2023 by delivering a massive return of 167%.
In the ongoing year, it is already up by .