14 penny stocks plunge up to 85% in 6 months. Are you holding any? - Wealth eroders
· economictimes.indiatimes.com
Over the past six months, 14 penny stocks have witnessed sharp corrections, with declines ranging from 35% to 84%. These stocks were identified through a screen focusing on companies with a market capitalisation below Rs 1,000 crore, a share price below Rs 20 and a minimum recent trading volume of 5 lakh shares. The screen highlights low-priced, relatively liquid penny stocks that have come under significant selling pressure. (Data source: ACE Equity)While penny stocks often attract investors with their low entry prices and potential for quick gains, they carry substantial risks. Low liquidity, high volatility and limited transparency can make them vulnerable to manipulation and sudden price drops. Without a clear strategy and strong risk controls, investors could face significant losses. Wealth eroders
Over the past six months, 14 penny stocks have witnessed sharp corrections, with declines ranging from 35% to 84%. These stocks were identified through a screen...