Multiple-bagger stock Purchasing penny stocks is similar to purchasing a small business. But the level of care needed when selecting a share for one’s stock portfolio is the same. High-risk traders invest in microcap stocks after they are persuaded of a company’s business concept and sustainable growth model. Such an investment typically yields an enormous alpha return over the short term. Shares of Deep Polymers are an obvious example of it. In the past four years, this small-cap stock has soared from levels around 23.50 per share to levels of 178 per share, giving about a 650 per cent return to its devoted positional shareholders.

One of the multi-bagger penny stocks that the Indian stock market has produced during the post-Covid recovery that started in 2022 is Deep Polymers shares, as was already mentioned. However, as 2022 arrived, the stock started to decline sharply. In December 2021, the multi-bagger stock soared to a lifetime high on the BSE of $458.57 a share.

This small-cap company has dropped from about 440 to 178 per share in the year thus far (YTD), recording a drop of nearly 60% in 2022. Despite this, the stock has increased in value from roughly 97 to 178 per share over the past year, giving stockholders a return of over 80%.

As was already said, Deep Polymers shares are one of the multi-bagger penny stocks that the Indian stock market created during the post-Covid rebound in 2022. But as 2022 drew near, the stock started to fall precipitously. The multi-bagger stock reached a record high on the BSE of $458.57 per share in December 2021. This small-cap company’s share price has fallen from roughly 440 to 178 this year (YTD), representing a decline of about 60% in 2022. Despite this, over the past year, the stock has appreciated from about 97 to 178 per share, giving stockholders a return of over 80%.

This small-cap chemical stock currently has a market cap of Rs 405 crore, a daily trade volume of 1.37 lakh, and there are still about two hours of trading left on Thursday. This BSE-listed stock’s 52-week high is 458.57 per share, while its 52-week low is 90.29 per share.

The small-cap chemical company declared its entry into biodegradable polymers in its most recent exchange filing to promote sustainable living and waste minimization. The company anticipates a sharp increase in demand for biodegradable plastics following the adoption of the single-use plastic ban. Through countless government initiatives and regulations, the biodegradable plastics industry has drawn a sizeable number of traditional plastic consumers into its sector.