At a time when Nifty50 delivered only 2.5% returns post Q1 of the financial year 2024 (1st July – 20th September 2023), several penny stocks have rallied 130-410%.
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
Bharat Global Developers’ shares fell 5% after SEBI suspended trading and banned promoters due to concerns over financial disclosures. The company’s stock surged 2,304% in
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