Yes, essentially, valuations are high. But the markets also see that there is a monetary easing cycle around the corner, so I think that is creating a push and pull. On top of that, we have huge promoter and private equity sales coming up.
These 7 penny stocks rally 10-30% in a week
In the week ending May 23, the benchmark Sensex fell by approximately 0.74%. However, despite the overall market downturn, seven penny stocks posted weekly gains