Nine Penny Stocks Decline Up to 67% Over Three Months
· Business · Economic Times, Yahoo Finance
Nine penny stocks listed on Indian exchanges have recorded sharp corrections ranging from 42% to 67% over the past three months. These companies were identified based on a market capitalisation of under Rs 1,000 crore and a share price below Rs 20. The selection criteria also required a minimum recent trading volume of 5 lakh shares to highlight stocks with higher activity. Data from ACE Equity indicates that these low-priced assets have faced significant downward pressure during this period. The report does not specify the underlying reasons for the individual stock performance.
Why it matters
Investors in small-cap and penny stocks face high volatility and potential capital erosion, as these low-liquidity assets are prone to rapid price corrections.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.