Penny stocks are often seen as the riskiest corner of the market, associated with low liquidity, sharp volatility and speculative trading. But over the last five years, a handful of forgotten microcaps have delivered extraordinary wealth creation. Data compiled by ETMarkets shows several stocks that traded below Rs 20 in May 2021 have now become Rs 3,000 crore to Rs 12,000 crore companies, powered by themes such as defence, renewables, railways and infrastructure.
South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge?
The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as