PENNY STOCKS GAINS
Is buying just hotel stocks better or a collection of stocks which gain from travel hungry Indians? 17 stocks from the whole tourism ecosystem
There can be a debate on whether, after the run up that hotel stocks saw in the last three years, are they cheap or not, and whether one should buy them now. But when it comes to tourism and the possibility that it will grow at a much faster rate, there is little room for debate. Now the question is if one buys only one set of stocks, for example hotel stocks, they come with their own plus and minus, right from the business risk of that industry to the fact that in tourism business, there are many segments, so there is a premium segment, there are travelers who travels by train and stay in medium size hotel which are not even listed. But then he has spent money in booking his ticket which has been captured on a railways ticketing platform. So, why not have that railway ticketing platform in a small portion of the portfolio.
Unlock stock market success: Time-tested lessons from Warren Buffett, the invincible investment icon
Are you considering enrolling in a stock market learning course or being financially free by setting smart financial goals? Gain perspectives from some of the timeless lessons from the storied journey of Warren Buffett.
Sparking FIRE: How StockGro’s #BFF campaign demystifies the fundamentals of financial freedom and early retirement
Financial freedom is about pursuing passions without financial burdens, intersecting with the FIRE movement for early retirement like FIRERachita. StockGro's #BFF campaign drives financial awareness in India, empowering individuals to achieve financial independence through smart investing and a beginner-friendly platform.
A large opportunity but only for long term investors: 6 insurance stocks with potential upside of up to 17%
While it should be done for every sector, for some sectors it is extremely important to make a distinction between the narrative which is making rounds on the street and what is happening in the real business. The reason, it is a narrative which is going on the street which makes expectations high and when they are not met then investors end up making the wrong decision both at the time of buying and selling. First, a large market size does not mean that players will see all the growth in the short term, it might be a long term play when it comes to overall growth of the markets. So, while insurance is a big opportunity, it will pan out over a period of time. Second, a number of times, the name of both life and non- life and health insurance companies is taken in the same breadth. But they are very different in every aspect and the stock price movement will also follow a different trajectory. So does the current phase of consolidation and underperformance of the stocks is an opportunity for investors looking for a real long term investment opportunity?
Penny stocks linked tax evasion: Tax dept may take you to court and tribunal for bogus transactions
Penny stocks: The income tax department can now file appeal in tribunals and court if you are found to be using penny stocks or accommodation entries or both to evade taxes. Earlier the tax department could file such appeals only if the tax effect crossed certain thresholds, however now these cases are to be taken on merit irrespective of the tax effect amount.
Investors in penny stocks may get court relief to reduce tax burden if trades proved genuine
The income tax department views the sale of proceeds of such shares as “unexplained cash credit” or “unexplained money” subjecting it to a flat tax rate of 60%.
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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.
Time to look beyond top 3 private banks? 6 midcap private banks with upside potential of up to 34%
In sectors like banking when a regulatory rejig takes place, every player has to follow a new set of rules. This leads to a situation where entities which are large or are already following best practices are able to make transition to a new regime in a short span of time and are the first one to get rewarded on the street. Others who take time to the follow which normally are smaller or mid sized players tend to get attention later. There is a set of mid-sized banks which don't have the distribution reach which large private banks have, but when it comes to ownership they are not the same as the PSU banks. They have very different hybrid kinds of ownership, a sort of quasi private sector banks. These are private sector banks of mid-sized banks which operate in particular regions. Over a period of time they have also been forced to clean up their act. Will they see a strong re-rating?
Remember this before you buy that high-flying penny stock
Apart from this, leap years too have seen a lot of volatility. Statistics show that Indian markets face drawdowns of about 25% every 3.5 to 4 years. 2024 is a leap year and this pattern too adds up to the overall market volatility.
Stocks to buy now: 9 companies that are likely to double their earnings in next three years
The market capitalisation of NSE-listed companies surpassed $4 trillion on 1 December 2023. The benchmark Nifty 50 and MSCI India indices delivered 16% YTD returns, against the MSCI indices of China, Brazil, the UK and Europe, with returns ranging from -15% to 12.3%. The investors’ sentiments are buoyed by the strength of the Indian economy, which is visible from the above-expectation 7.6% GDP growth in the second quarter of 2023. Going forward, the analysts expect reasonable earnings growth, supported by continuing capex programmes of corporate India.
In run to safety, investors dump risk, mid & smallcap stocks
"We are seeing a mean reversion phenomenon in the markets where the mid- and small-cap indices both peaked in October and are now experiencing a correction at a rate faster than the Nifty" said Deepak Jasani, head of retail research at HDFC Securities. "Investors display a sentiment of risk aversion and are not willing to wait longer, and hence are pulling out of the market booking profits wherever available or cutting losses."
10 penny stocks turn multibaggers, deliver up to 410% returns post Q1. Do you own any?
At a time when Nifty50 delivered only 2.5% returns post Q1 of the financial year 2024 (1st July - 20th September 2023), several penny stocks have rallied 130-410%. As per Ace Equity data, here's a list of the top 10 penny stocks that have delivered up to 410% returns:
Penny stocks vs high-priced stocks: Which ones are hidden gems?
Misconceptions about the stock market often cause investors to miss out on opportunities. High-priced stocks surge to new heights, providing substantial returns, whereas penny stocks frequently lead to losses. Investors should recognize that a stock's price does not always correlate to its valuation and look at the underlying fundamentals.
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%.
AI hype starting to ‘Smell Like Dot-Com Era,’ ESG veteran says
The race to get a piece of the AI boom went into turbo mode last month, after Nvidia Corp. wowed the market with a set of sales targets that surprised even the most upbeat analyst forecasts.
Windfall gains! 66 penny stocks rose up to 2,910% in FY23; can this sustain?
Stocks such as Rama Steel Tubes, Filatex Fashions, Indianivesh, Magnum Ventures, Euro Asia Exports, Madhusudan Securities, Imagicaaworld Entertainment, Abhirami Financial Services, Tirupati Tyres, Soma Textiles, and Deep Diamond India have gained over 100-700% from the March 2022 levels.
Risky penny stocks fly again as investors look for quick gains
Shri Gang Industries, with revenue of ₹113 crore and profit of ₹7 crore in the trailing 12 months, has gained 1,911% since April 1. The stock surged nearly 8,800% from ₹2.71 to ₹242.55 between April and September last year and has declined 74% since then.
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%.
These 26 penny stocks defied gravity to zoom up to 2,800% in the first half of 2022
Alliance Integrated Metaliks (835 per cent up), Beekay Niryat (575 per cent up), BLS Infotech (550 per cent up), Sadhna Broadcast (510 per cent up) and Mid India Industries (500 per cent up) are other players to gain more than 500 per cent.
Up to 2,500% rally! These 30 penny stocks have delivered multibagger returns so far in 2022
According to the data from Ace Equity, as many as 30 penny stocks have delivered multibagger returns to investors. Out of these counters, half a dozen names have rallied more than 600 per cent in the last five months.
150 penny stocks defied market trend to rally up to 1,700% in six months
The data available on AceEquity suggests that as many as 150 penny stocks have scripted a 'rags to riches story', rallying up to 1,700 per cent in the last six months. Meanwhile, Sensex has corrected about 6 per cent in the same period from its 52-week high of 62,245 touched on October 19.
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