What are the best penny stocks in India?
Penny stocks are the stocks that are traded at a low price, usually under Rupees 50. These stocks have low market capitalization and are usually illiquid. These are the lesser-known stocks to the larger public out there. Usually, these are less preferred by investors due to the limited information about the fundamentals, and businesses are unreliable or unavailable. But the best penny stocks in India are popularly known for generating multi-bagger stock, i.e. returns within a few trade sessions.
Penny Stocks are Called Penny Stocks for a Reason!
Penny stocks trade at a low rate because usually, the traders buying penny stocks don’t even care about them and look to exit sooner or later. The reason behind this is the decent return a penny stock gives. Usually, these stocks don’t comply with the exchange regulations and aren’t transparent in reporting.
Some or other news plays a turnaround for these stocks; on the other side, some companies have strong fundamentals. Moreover, any negative news can shoot down the price.
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