In the last 2-3 years, several penny stocks have provided investors with substantial gains. Shree Digvijay Cement, Singer India, Ador Fontech, and NBCC India are some of these penny stocks
Shree Digvijay Cement share price has surged over 200% in 3 years and jumped around 309% in 5 years. The share which was priced at Rs 20 in March 2020, is trading around Rs 62 now
Singer India share price has zoomed around 220% in three years. Singer India shares which were priced around Rs 15 in March 2020 are now trading at around Rs 52
Ador Fontech share price has rallied over 180% in the last three years. The stock which traded at around Rs 26 in April 2020 is now trading at around Rs 82
NBCC India share price has more than doubled investors' investment in the three years. The stock price has jumped from Rs 15 in March 2020 to Rs 33 now
Penny stocks are ones that typically have a very low market capitalisation and are traded at a very low price. They are often traded on smaller exchanges
Due to their low price, penny stocks are traded by inexperienced traders to gain trading expertise. These stocks are cheap, making it nearly risk-free to test your trading skills
Penny stocks have a high potential for profit. Gains might range from 300% to 700% or even higher. An investment of Rs 100 can turn into Rs 500 within weeks or even days
Penny stocks are frequently thinly traded. Artificially inflated share prices with 'pump and dump' tactic can hamper returns. Due diligence is advised before investing
The content in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position