Deep Diamond India stock had zoomed 125% in October; the medium-term trend for the penny stock is likely to be positive above ₹6.90, hints the technical chart.
Penny stocks such as Reliance Home Finance, Aksh Optifibre, Steel Exchange India and 2 others, trading below ₹10 per share, seem to be favourably placed on the charts.
Bartonics India's share price was trading 5.5 per cent higher at ₹15.9 per share compared to the previous session's close of ₹15.07 on the BSE
JP Power stock needs to break and trade consistently above ₹23.90 levels to open the doors for a sharper rally towards ₹34 levels, suggests the long-term technical charts.
GTL, Exxaro Tiles have rallied smartly in the last one month on the back of significant jump in trading volume. Analysts recommend exercising caution while trading in such penny shares.
The rally was led by MMTC, which jumped 14.58 per cent to ₹79.52 amid heavy volumes, followed by IFCI climbing 6.15 per cent to ₹74.50 and Sigachi Industries gaining 5.63 per cent to ₹53.21.
Here's a technical check on Ortin Global, DCM Financial, Shanti Overseas, Lypsa Gems and Usha Martin Education that trade on the NSE with a market cap of less than Rs 20 crore.
Penny stocks to buy: Earlier, on January 6, 2025, Gujarat Tool Board had approved to issue bonus shares in the ratio of 5 :1
Out of 2,300-odd stocks traded on the NSE, a total of 200 stocks have more than doubled investors wealth thus far in 2024; i.e. nearly 1 out of 10 stocks traded on the NSE has zoomed over 100 per cent
Penny stocks under Rs 10: Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks, you would have become a millionaire by now
The rally in the stock price followed news that the company had announced the pre-launch of its new high-speed electric scooter, CHETNA
Here are 10 penny stocks, trading in the range of Rs 6 - Rs 20, with a potential upside of up to 75%, based on the existing technical chart patterns.
Jyoti Resins, Tanfac Industries, Olectra Greentech now trade above Rs 1,300 per share as against a single-digit stock price way back in May 2014, study shows.
Analysts believe a lower tick size can bolster price discovery and market efficiency, rendering trading more appealing for both retail investors and traders.
Thus far in calendar year 2023, 165, or 66 per cent, of 250 micro-cap stocks have generated positive returns
Some penny stocks or low-priced stocks have given massive returns in the past 18 months with 102 stocks rising over 1000% and 10 stocks rising over 5000 per cent.
Penny stocks are those whose share price is very low -- typically in single digits -- and have high volatility associated with them
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly
Thirty-nine, including Subex, McLeod Russel, Jet Airways, Jain Irrigation Systems, and Sintex Plastics Technology, have surged more than 5x during this period
The prospect of risky investments turning sour raises concerns that any sudden withdrawals by small traders could wind up hurting the broader market as well