Here are the top top gainers over 1-month from the BSE (Rs 10 to 20) category. Since such stocks interest you, here's a proven approach to making penny stock investments.
COMPANY | PRICE ON Nov 25, 2024 (Rs) | PRICE ON Oct 21 2024 (Rs) | CHANGE (%) | 52-WEEK H/L (Rs) | GET MORE INFO |
---|---|---|---|---|---|
S&P BSE SENSEX | 80,194.05 | 81,151.27 | -1.18% |
85,978.25 / 65,664.85 |
More Info
|
NIFTY 50 | 24,253.55 | 24,781.10 | -2.1% |
26,277.35 / 19,703.85 |
More Info
|
SHANGAR DECOR | 10.91 | 5.56 | 96.27% | 10.44 / 2.64 | More Info
|
NEXT MEDIAWORKS | 11.71 | 7.22 | 62.19% | 10.65 / 5.79 | More Info
|
INDIABULLS ENTERPRISES | 17.72 | 13.46 | 31.65% | 16.88 / 9.70 | More Info
|
GSL SECUR. | 18.75 | 14.55 | 28.87% | 29.87 / 6.69 | More Info
|
ATAL REALTECH | 12.63 | 9.92 | 27.32% | 17.08 / 6.54 | More Info
|
ASIAN PETRO | 16.73 | 13.48 | 24.13% | 22.61 / 7.38 | More Info
|
NAVODAY ENTERPRISES | 10.15 | 8.30 | 22.29% | 11.50 / 6.50 | More Info
|
GOENKA BUSINESS | 11.70 | 9.73 | 20.25% | 14.92 / 5.60 | More Info
|
AMFORGE IND. | 12.25 | 10.37 | 18.13% | 17.19 / 6.80 | More Info
|
ENBEE TRADE | 13.49 | 11.44 | 17.92% | 30.20 / 9.90 | More Info
|
RANDER CORP. | 12.11 | 10.32 | 17.34% | 13.51 / 7.48 | More Info
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RAGHUNATH IN | 14.99 | 12.90 | 16.20% | 18.86 / 9.49 | More Info
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AMRAPALI INDUSTRIES | 18.59 | 16.13 | 15.25% | 22.87 / 12.85 | More Info
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MAHALAXMI SM | 11.25 | 9.86 | 14.10% | 14.75 / 8.31 | More Info
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NOIDA TOLL BRIDGE | 15.83 | 13.95 | 13.48% | 17.11 / 7.41 | More Info
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ASHAPURI GOLD ORNAMENT | 10.20 | 9.00 | 13.33% | 16.27 / 6.64 | More Info
|
YAARII DIGITAL INTEGRATED | 15.48 | 13.66 | 13.32% | 15.64 / 6.93 | More Info
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BANAS FINANCE | 11.15 | 9.95 | 12.06% | 17.84 / 8.82 | More Info
|
WORTH INVEST. | 16.57 | 15.03 | 10.26% | 19.42 / 3.08 | More Info
|
NAVKAR BUILDERS | 13.60 | 12.34 | 10.21% | 16.80 / 3.70 | More Info
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LEE&NEE SOFT | 14.97 | 13.59 | 10.15% | 17.50 / 7.50 | More Info
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PARLE SOFTWARE | 13.78 | 12.61 | 9.28% | 18.84 / 7.03 | More Info
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BSEL INFRASTRUCTURE | 12.99 | 11.99 | 8.34% | 19.74 / 9.46 | More Info
|
STANPACKS(I) | 16.00 | 14.86 | 7.67% | 18.00 / 9.01 | More Info
|
NARMADA AGROBASE | 16.58 | 15.48 | 7.11% | 26.26 / 13.98 | More Info
|
Date: November 25, 2024 9:09:59 AM Only Buyers Only Sellers * Mutual Funds that hold this stock
While there's no set definition for penny stocks in India, a stock that trades at less than Rs 100 per share and has a market capitalization of less than Rs 10 bn is known as a penny stock.
These stocks, in general, have poor liquidity in the market i.e. their trading volumes are low. It's common to see penny stocks trade less than a thousand shares a day.
You can see the list of Indian penny stocks and how they are performing here...
Whether you invest in penny stocks depends entirely on your risk appetite in the stock market. Penny stocks are the most volatile and most illiquid of all the stocks the market.
These stocks are notorious for delivering multibagger returns in a few months only to come crashing down and give up all the gains within the next few weeks.
Hence, in the stock market, penny stocks belong to the category of, 'highest possible risk for the highest potential return'. This is the reality you must accept when investing in penny stocks.
Penny stocks are inherently riskier than bluechips or midcaps.
They present a huge growth potential. It is not unusual for a good penny stock to turn a multi bagger in a matter of months. But on the flipside, there is a high risk attached. It's common to see penny stocks plunge 80-90% when things turn sour.
That is why penny stocks are not suitable to those having a low risk profile.
Even if you have a high risk profile, we believe not more than 5% of one's stock portfolio be invested in penny stocks.
You need a framework that enables you to zero in on the right penny stock at the right price but also help you avoid the big losers.
The best penny stocks in India would possess these qualities:
Strong balance sheet: Look for low debt, high cash balance, & a current ratio greater than 1 i.e. current assets greater than current liabilities.
High promoter holding: The higher the better. It shows the promoter has skin in the game. Promoters buying shares from the market is a good sign.
You can start you're search with Equitymaster's stock screener to find the best multibagger penny stocks. The screener allows you to screen stocks based on your own criteria.
Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.