Fourteen microcap penny stocks with market capitalisations below Rs 1,000 crore and trading prices under Rs 20 have witnessed sharp corrections of up to 50% over the past three months. While low entry prices lure retail investors, high volatility and thin liquidity make them highly risky.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj