8 penny stocks surged 50-150% in just four months, do you own any?

In the first four months of FY26 so far, eight penny stocks have delivered impressive returns, surging between 50% and 150%. Notably, three of them delivered returns that more than doubled investors’ wealth during this period. These top performers were identified using a specific screening method: each stock had a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares. This selective approach helps highlight low-priced, actively traded small-cap stocks showing strong price momentum. (Data Source: ACE Equity).

Penny stocks often catch the eye because they are cheap and can grow very quickly. But while the gains can be big, the risks are just as high. These stocks usually don’t trade much, their prices can swing wildly, and there’s often little clear financial information available. So, investors need to be careful—making money in penny stocks takes more than luck. It needs a smart plan and careful risk control.