HERE'S A LIST OF PENNY STOCKS DELIVERING BUMPER RETURNS
Published By Livemint
| 21 Mar, 2023
WHAT ARE PENNY STOCKS?
Penny stocks refer to shares in companies with a low price and low trading volume
Because these markets have low liquidity, there is also high volatility
Penny stocks, because of their low price, are used to get trading1 experience for new traders
WHY DO INVESTORS TRADE IN PENNY STOCKS?
Penny stocks are quite popular with small investors because of their potential for huge gains
POTENTIAL FOR HUGE RETURNS
Penny stocks are thinly traded and share prices can be artificially inflated, so due diligence is advised before buying penny stocks
SHOULD YOU TRADE IN PENNY STOCKS
Here is the list of penny stocks giving bumper returns
Shree Digvijay Cement's share price zoomed more than 200% in the last 28 months. The share price, which stood at ₹20 in March 2020, trades at around ₹62 today
SHREE DIGVIJAY CEMENT
Singer India's shares climbed more than 220% from March 2020. The shares that traded at ₹15 during the market crash in 2020, now trade at around ₹52
SINGER INDIA
Ador Fontech's share price increased by more than 180% in the last two years. Today, the stock that traded at ₹26 in April 2020, trades at around ₹76
ADOR FONTECH
NBCC India's shares have climbed more than 113% in the last 28 months. Its shares, which traded at ₹15 in March 2020, are now trading at around ₹32