65,000% in a year! How long before the penny stock bubble bursts?

December 25, 2024

Shares of 200 obscure penny and micro-cap companies surged up to 65,000% in the past year. This rise reflects heightened investor interest despite these firms having limited earnings. Sri Adhikari Brothers Television’s stock rose from ₹3 to ₹2,198. Sebi has suspended Bharat Global Developers’ trading due to financial statement misrepresentation.

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