234 companies have raised funds from Indian markets so far in 2023, with a significant portion of 176 companies falling within the SME category. In comparison, CY22 witnessed 103 SMEs entering the market; the number was 52 in 2021, 31 in 2020, and 31 in 2019.
Penny stock Intellivate Capital Ventures has proved to be resilient in 2023 and gave massive returns. The stock surged from ₹11.63 to around ₹122.11 currently, rallying as much as 950 percent year-to-date (YTD).
In every year since CY19, the stock has gained over 50%. Notably, in CY20 and CY21, the stock generated massive returns of 1086% and 210%, respectively. In CY22, it gained 79% and in the current year so far it is up by 152%.
Shares of technology firm Empower India have given extraordinary returns to their investors in 2023. The stock surged from ₹0.15 in December last year to around ₹1.6 currently, rallying as much as 980 percent year-to-date (YTD).