Jhandewalas Foods, formerly a penny stock, has surged over 1,932 percent in the past year to trade at ₹139.31, delivering multifold returns to investors.
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In 2024 year-to-date (YTD), the stock has rallied 310 percent, showing positive returns in 3 out of 4 months, with significant jumps in February, April, and January.
Credit : PIXABAY
Despite recent gains, the stock is under Additional Surveillance Measure (ASM)- stage II, indicating increased regulatory scrutiny.
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ASM is a regulatory tool used by stock exchanges to closely monitor specific securities based on criteria like price volatility and trading volumes, aiming to maintain market integrity and investor protection.
Credit : PIXABAY
Jhandewalas Foods manufactures and sells dairy and food products under various brands, leveraging online and offline marketing channels.
Credit : PIXABAY
Investors should be aware of ASM status when considering investment decisions, as it impacts trading activities and strategies.
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ICICI Direct highlights the company's improving Return on Assets (ROA) but notes weaknesses such as declining Return on Capital Employed (RoCE) and low Piotroski Score.
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Penny stocks like Jhandewalas Foods offer high potential returns but come with significant risks due to limited information, illiquidity, and volatility.
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Investors should exercise caution and conduct thorough research or seek advice from financial advisors before investing in penny stocks.
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Long-term investors prioritizing stability and growth in their portfolios may find penny stocks unsuitable due to their speculative nature and associated risks.