Over the past month, 13 penny stocks have suffered significant losses, dropping between 20% and 55% in their share prices. These laggards were identified through a focused screening process that considered companies with a market capitalisation under Rs 1,000 crore, a share price below Rs 20, and a minimum recent trading volume of 5 lakh shares. The approach aims to spotlight low-priced, actively traded penny stocks that have seen substantial declines. (Data Source: ACE Equity)Although penny stocks often attract investors with their low entry prices and potential for rapid gains, they come with substantial risks. Due to low liquidity, high volatility, and limited transparency, they are prone to manipulation and sudden drops. Without a clear strategy and strong risk controls, investors may face more losses than gains.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader