MULTIBAGGER PENNY STOCKS
Don't be afraid to be bullish, just a bit of hard work and a pinch of patience: 4 smallcap stocks for long term investors
Given how nifty and sensex are moving and market breadth is panning out, it is very likely that we are soon going to enter a phase, where the desire to own small caps would come in the category of “highest”. Another side of the story, when that happens, what will get ignored is that “risks” are also at the highest when bulls are controlling the small cap segment. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the underlying business has good macro fundamentals. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Don't be afraid to be bullish, just a bit of hard work and a pinch of patience: 4 smallcap stocks for long term investors
Given how nifty and sensex are moving and market breadth is panning out, it is very likely that we are soon going to enter a phase, where the desire to own small caps would come in the category of “highest”. Another side of the story, when that happens, what will get ignored is that “risks” are also at the highest when bulls are controlling the small cap segment. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the underlying business has good macro fundamentals. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Multibagger tracker: 7 low-priced stocks double money in 6 months as FIIs raise stake
Low-priced stocks attract institutional interest, yielding multibagger returns within six months. Nitco leads with a 179% surge, followed by IFCI, Newtime Infrastructure, Unitech, Hindustan Motors, Cupid, and PVP Ventures.
Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month
Smallcap investors suffered losses due to the Mahadev Online Book scam involving entities like Hari Shankar Tibrewala. Several listed stocks linked to the scam saw significant value depreciation, causing panic in the stock market.
What are penny stocks? How to identify promising opportunities there? Shweta Jain answers
Penny stocks are often misunderstood, but smallcap companies offer more reliable information and better quality businesses. If you are okay with losing money, then you look at a penny stock. But if you are looking at investment, then smallcap is the way to go. To identify promising penny stocks, investors should evaluate information, business prospects, founders' background, audited results, and auditors amidst the vast choices available.
Want to invest? Look at largecaps and midcaps where there is value: Sanjiv Bhasin
Sanjiv Bhasinrecommends investing in PB Fintech, as it has shown strong performance and has the potential for significant growth. He also highlights Tata Motors as a valuable auto company and suggests considering Tata Comm as another promising stock. Bhasin believes there is still opportunity in the real estate market and plans to reveal a top pick in the sector. He discusses the earnings of Voltas and SRF, noting that both have strengths despite some weaknesses.
It's raining money! 88% of all BSE stocks are up, 20% turn multibagger from March lows
Out of the 3,708 stocks traded on BSE, a vast majority of 3,245 or 88% have given positive returns from the lows of March 20 till December-end. When it came to multibaggers, the list went up to 736 which means every 5th stock has doubled money.
41 multibaggers, 80% win rate! SME IPOs spreading FOMO among bluechip warriors
Out of the 105 SME IPOs that got listed on Dalal Street so far in the calendar year 2023, a majority 84 have given positive returns. This translates into a win rate of 80%, which means four out of every five SME IPOs made money.
Penny stocks give large returns to D-Street investors, gain up to 67% last week
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%.
Nomura raises stake in penny multibagger Mishtann Foods to 1.28%
Nomura Singapore has increased its stake in Mishtann Foods to 1.28%, or 12,825,854 shares, according to the FMCG product company. Mishtann said on Wednesday that it would launch new products in the domestic market, including iodised salt, crystal salt and rock salt. The move is expected to bolster the firm’s topline, it added. Offers made by Mishtann in the Basmati rice segment include Raw, Sella and Steam and cater to both wholesale and retail customers. The company also has a presence in the wheat and pulses segment and has set up a subsidiary in the United Arab Emirates.
This Ashish Kacholia-owned money spinner turned Rs 10,000 to Rs 11 lakh in 10 years
Fineotex Chemical, a smallcap speciality chemical company, has seen its shares rise by 10,837% over the last decade. The company has a market capitalisation of around INR2,800 crore ($383m) and has seen its sales grow from INR96 crore in 2013 to INR368 crore in 2022. The firm makes specialty chemicals and enzymes for various industries and also produces adhesives used in the wood and paper industry.
Multibagger penny stock in specialty chemicals biz aims to be debt free this fiscal, shares rally
Vikas Ecotech's shares jumped 3% after it announced its plans to become a debt-free company during FY24. The company has already repaid debt worth ₹5 crore, bringing the total debt reduction to ₹79.1 crore. Vikas Ecotech aims to pay back an additional ₹29.5 crore before the end of March quarter, reducing the levels to ₹54.8 crore at the end of FY23. The company produces rubber-plastic compounds and additives, serving different sectors such as agriculture, healthcare and textiles, among others. Vikas Ecotech has a market capitalisation of ₹262.76 crore and is trading at a PE of 28.57.
Up 104% this year! Multibagger penny stock to trade ex-bonus on Wednesday
SRU Steels has announced a bonus issue of equity shares in the proportion of 1:2 to increase the stock's liquidity and decrease its price. A multifold jump in net profit to Rs 49 lakh in the March quarter has triggered a 104% surge in the company's shares so far this year.
Up to 3,230% return! 59 stocks that turned multibaggers in FY23
Among other stocks, defence PSU stock Mazagon Dock Shipbuilders has rallied around 180% during the year amid government's increasing thrust on domestic manufacturing and defence spending.
Two multibagger penny stocks to trade ex-split in next four days
A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio
Multibagger penny stock that has risen 621% in 1 year sets record date for stock split
Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
Year-end special: Multibagger Alert! Over 50 penny stocks rally up to 1,900% in 2022
Penny stocks have no defined theoretical definition. However, stocks in single digits or below Rs 10 are bracketed in this club. In this study, companies with a market cap of less than Rs 1,000 crore at the end of 2021 have been considered.
Up to 1,560% returns! These 130 stocks turned multibaggers in Sept quarter
According to the data available from Ace Equity, at least 130 stocks turned multibaggers during the July to September period and delivered up to 1,560% returns on a quarter-to-date basis (QTD). Among them, 15 stocks zoomed more than 300%, whereas another dozen counters have jumped between 200-300%.
Multibagger penny stock hits upper circuit after Mauritius-based fund buys stake
The Hyderabad-based fashion company imported its machinery from South Korea and Italy for research and development (R&D) and is on an expansion spree and looking for both organic and inorganic growth opportunities, particularly in other developing countries, including the Indian subcontinent and Africa.
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