Penny stocks have outperformed benchmark indices in India, with 636 penny stocks giving index-beating returns in the past week. Companies with market capitalisations of less than INR500 crore ($67m) have performed well in a positive market backdrop, with 60 penny stocks providing returns of 20-66%.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.