Penny Stocks

Out of 2,300-odd stocks traded on the NSE, a total of 200 stocks have more than doubled investors wealth thus far in 2024; i.e. nearly 1 out of 10 stocks traded on the NSE has zoomed over 100 per cent

Penny stocks under Rs 10: Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks, you would have become a millionaire by now

The rally in the stock price followed news that the company had announced the pre-launch of its new high-speed electric scooter, CHETNA

Here are 10 penny stocks, trading in the range of Rs 6 - Rs 20, with a potential upside of up to 75%, based on the existing technical chart patterns.

Jyoti Resins, Tanfac Industries, Olectra Greentech now trade above Rs 1,300 per share as against a single-digit stock price way back in May 2014, study shows.

Analysts believe a lower tick size can bolster price discovery and market efficiency, rendering trading more appealing for both retail investors and traders.

Thus far in calendar year 2023, 165, or 66 per cent, of 250 micro-cap stocks have generated positive returns

Some penny stocks or low-priced stocks have given massive returns in the past 18 months with 102 stocks rising over 1000% and 10 stocks rising over 5000 per cent.

Penny stocks are those whose share price is very low -- typically in single digits -- and have high volatility associated with them

P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly

Thirty-nine, including Subex, McLeod Russel, Jet Airways, Jain Irrigation Systems, and Sintex Plastics Technology, have surged more than 5x during this period

The prospect of risky investments turning sour raises concerns that any sudden withdrawals by small traders could wind up hurting the broader market as well

Among the noticeable names, Alok Industries, Birla Tyres, Opto Circuits, Andhra Cements, and Morepen Laboratories are some of the 41 counters that have rallied over 100% in the past two months

Thus far in the current calendar year 2019, the stock has soared 120 per cent against an 8 per cent gain in the S&P BSE Sensex.

The value of equity can get wiped out as some the companies will be going through legal proceedings for debt recovery

Bampsl Securities tops the table with a gain of 718 per cent, followed by Daman & Diu - based Dolat Investments Ltd that has surged 602 per cent to Rs 17.5 levels

About 145 of these scrips have given returns in excess of 100% in past year

CBDT to reopen cases, conduct detailed inquiry of taxpayers who invested in such shares