17% penny stocks trade below paid-up value

52-Wk high Mar-18 % fall Chandni Textile29.655.8580.27 Mathew Easow28.355.6580.07 Svam Softwar12.722.5779.80 Guj State Finan32.457.0078.43 Gopala Polyplas17.763.8578.32 Prec Containers30.206.6977.85 Apple Finan26.156.1376.56 Guj Lease Finan25.656.0276.53 Shalibhadra Finan33.708.1075.96 Guj Themis28.006.7575.89  When the markets hit new highs on January 8, around seven per cent of the stocks were trading below their paid-up value. With the Sensex having corrected by 30 per cent, almost 17 per cent of the actively traded stocks are now quoting below their paid-up values.  Most of the penny stocks became multi-baggers during Sensex