Eleven penny stocks have delivered over 10,000% returns since May 2021, transforming Rs 1 lakh into over Rs 21 crore for some investors. These rallies were fueled by sectors like power, defence, and infrastructure, alongside a surge in retail participation. However, experts caution about the extreme risks associated with these volatile, thinly traded stocks.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend