In 2023, despite the Indian markets doing well, Moneycontrol research found 10 stocks that fell over 95%, severely impacting investor wealth
The stocks are Kaiser Corporation, Hemang Resources, Alliance Integrated Metaliks, KBS India, Sonal Adhesives, Beekay Niryat and Ashnisha Industries.
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Investing in penny stocks can be tricky. It could backfire in most cases if proper research is not carried out.
Most of the penny stocks held by mutual funds have been traded in a narrow range over the last two years
Trading in unlisted US shares has dropped almost three-quarters from its peak
Nano cap stocks are not defined by SEBI or AMFI. But as per international standards, these are stocks with market capitalisation of less than Rs 370 crore. A high-return, high-risk strategy
Penny stocks are those stocks that trade at very low prices and have low market capitalization. These stocks are under-researched and may not be well-known to the larger investing public. Here are 10 such penny stocks that not only retail investors but mutual funds also like
They have low market capitalization and are mostly illiquid in the exchanges
An FT investigation found dozens of privately traded shares that showed sudden surges following endorsement on Twitter
Retail investors have always been known for bottom-fishing in the hope of getting outrageous returns in a very short period.
The move will increase liquidity in the remaining stocks
Cognitive Investing is an investment philosophy which requires one to isolate the current market condition from the investor’s time-tested investment thesis.
Shell companies, stock brokers, beneficiaries and operators allegedly laundered more than Rs 10,000 crore in Mumbai alone by manipulating listed penny stocks to claim bogus long term capital gain, according to a report in The Indian Express.
HDFC Bank remains a stock that should be in every investor's core portfolio, said Dilip Bhat, Prabhudas Lilladher.
The defaulters are going to face a penalty of 200 percent on the tax evaded. But some who had declared a part of their unaccounted wealth in the Income Declaration Scheme which ended a month back, will be given immunity.
Officials said the taxman stumbled upon the cases after the department's Kolkata investigation wing, last year, acted against a "large number" of firms and entities dealing in penny stocks in their jurisdiction and few other inter- connected regions.
Penny stocks is not a treasure trove. Rather it is a minefield. Know these five things before you venture into penny stocks.
The stocks in the new group could be subjected to even shorter price bands of up to two percent, while other restrictions could be put in place to ensure that only genuine trades are permitted on those counters, a senior official said.