High-Growth Penny Stocks: These Shares Have Surged Up to 770% in Five Years – Also Featured in LIC's Portfolio!

Multibagger penny stocks attract investors in the stock market who want to take advantage of higher-growth opportunities for a less cost. These stocks are a part of smaller firms and carry higher risks, but their potential for fast growth is attractive.

Some of the most famous institutional investors, like the Life Insurance Corporation of India LIC owned penny stocks as part of their portfolios showing that even the cheapest stocks may have potential growth opportunities.

Here are three multibagger penny stocks in India from the LIC portfolio that climbed the course of 770% over the over the past five years.

ATV Projects India

Engineering and project management services ATV Projects India stock has been a money-making machine for investors who are long-term as shares have risen over 778 percent over the last five years on the Bombay Stock Exchange (BSE). Over the last year, the price has risen by 64.51 percent.

The company manufactures vital equipment, such as energy-efficient mills as well as bagasse-fired boilers that are used in the sugar sector. They also make spherical storage tanks that can be used for LPG as well as Horton spheres, pressure vessels heat exchangers and reactors for industries like chemicals, fertilizers, petrochemicals, and power.

Orient Green Power Company

Renewable Power's firm Orient Green Power stock has provided impressive returns for investors who have been investing for a long time. The stock has increased as high as 644 percent in the past five years on the National Stock Exchange (NSE).

It is a separate renewable energy producer engaged in the creation as well as the ownership and operation of a wide range of wind power plant.

Hindustan Motors

Kolkata-based automaker Hindustan Motors stock has delivered remarkable returns for its long-term investors since the price of shares has risen more than 414 percent over the last five years.

In the short term multibagger shares has risen more than 24.22 percent over the past one year, but the stock has fallen by more than 21 percent over the past six months.