PENNY STOCKS RALLY
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.
Stock market today: Wall Street sets another record as traders look ahead to easier rates
After getting criticism for waiting too long before raising interest rates when inflation was accelerating, Powell faced questions from the Senate's banking committee about the possibility that it could be too late in cutting rates. That would cause undue pain because high rates slow the economy.
Lower free float=higher returns & more companies doubling share price in last 9 months: Jigar Mistry
Jigar Mistry of Buoyant Capital highlights how flows outweigh fundamentals in the market. Caution needed due to smallcap rally driven by new money from retail and mutual funds. PSU side is questionable. We need to take a step back, look at the businesses which are underlying and not just go for PSU as a theme Consumption sector underperforming. Uncertain market outlook with possible correction.
Paytm shares succumb to selling pressure again as Goldman lowers target price
Paytm share price: Goldman Sachs cuts Paytm's target price, expecting FY25 revenues to decline. Paytm shares trade lower and analysts caution against investing. Recent rally tied to RBI ban extension and Axis Bank partnership came to a halt after four days. Jefferies suggests caution, while Bernstein maintains an outperform rating.
Go contra as dumb money sells largecap private banks;one realty stock could double & avoid ITC: Sanjiv Bhasin
Sanjiv Bhasin says: Insurance companies, including LIC, SBI Life, ICICI Pru, and HDFC Life, are expected to perform well in the long term. These companies, along with other intermediaries like brokers and AMCs, are set to benefit from changing daily habits and increased technology adoption. the dumb money is now selling the largecap private banks, which were the most sought after and getting into PSUs. So, it is time to be contrarian,
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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."
SME stocks: 'Dus ka bees' gang in trouble as Sebi plays tough cop
The surge in popularity of SME stocks among retail investors in India has caught the attention of the market regulator, SEBI. The BSE SME IPO index has seen a 1,900% increase since the end of 2019, with average returns of over 80% for SME IPOs listed in 2023. SEBI's move to implement stricter regulations to curb price manipulation has caused a decline in the segment, with the BSE SME IPO index falling 2.5% and three out of four SME stocks on NSE experiencing a decrease. Experts suggest that while there are opportunities in the SME space, careful selection is crucial.
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:
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.
After cheer, there is fear; euphoria in mid & smallcaps to cool down before elections: Vijay Kedia
“For me, there is no purn viram, it is not a full stop. I will sell all my shares and go back and do something else. This is my life. This is my business. I have realised one thing. This concept of bull market and bear market is all rubbish. There is no bull market and bear market. Treat it as a business.”
FII flows, Robinhood speculators & increasing SIP behind smallcap rally: Sunil Subramaniam
"All the SIPs over the last one year, from about Rs 12,000 odd crores in about a few months ago is now Rs 16,000 crore and that is a 25% increase. It has meant that it has been a good investor experience. Hence, this will feed into people increasing their SIPs even more. I would say that in a year from now, I would not be surprised if this SIP number were to touch Rs 25,000 crore a month. We would be really working on this growth pattern."
7 FII-backed penny stocks rally up to 60% in FY24. Time to watchlist them?
An analysis of institutional ownership in penny stocks, as defined by those with market capitalisation below Rs 1,000 crore and share price below Rs 25, shows that FIIs hold over 10% stake in a dozen such counters. Out of them, 7 have given double-digit returns in FY24 so far.
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 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.
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.
Penny stock climbs 5% on collaboration with Saudi Arabia’s University
King Khalid University is located in the Asir region in the southwestern part of the Kingdom of Saudi Arabia. In the field of scientific research, the University witnessed a strong presence of qualitative activities during the past year. This came in the registration of 26 patents, and the publishing of 5297 research papers in scientific journals classified in various fields, in addition to the number of citations that reached 12,258.
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.
This multibagger loses sheen post 1,250% rally in a year; can it regain lost momentum?
The stock is Radhika Jeweltech, a gem and jewellery player, which has zoomed as much as 1,250 per cent in a little over a year. However, it has dropped about 20 per cent from its 52-week high amid ongoing correction. Shares of Radhika Jeweltech surged 1,240 per cent from Rs 15 in April 2021 to scale its new lifetime peak of Rs 201 on May 20, 2022. That said, the stock is currently trading near Rs 165.
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.
These 18 penny stocks rose up to 170% in first month of FY23
There is no theoretical definition for penny stocks. However, stocks in single-digit prices or below Rs 10 are bracketed in this club. ETMarkets has considered companies that had a market capitalisation of less than Rs 1,000 crore as at March 31, 2022.
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.
These 20 penny stocks defy gravity to zoom up to 700% so far this year
According to the data from Ace Equity, 20 penny stocks were able to tide through tough times to rally up to 725 per cent so far this year.
Investors Beware! Dalal Street operators find new way to pump and dump penny stocks
Alok Jain, founder of Weekendinvesting.com, an advisor with 1.88 lakh followers on Twitter, tweeted that some people approached him with money to pump up the stock of Salasar Techno. "Please be careful of Salasar ... this is likely a pump and dump story ... many influencers are being approached to push this in return for INR 25-30K (₹25,000-30,000)," he tweeted.
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