Hello friends, welcome to our article related to the stock market. Last week, a slight decline was recorded in the stock market. Despite this, there are 5 such penny stocks, which have not disappointed their investors even amidst volatility. These stocks have gained 15% to 70% in the week ending October 11. The market capital of all these smallcap companies is less than Rs 1000 crore. At the same time, its share price is less than Rs 20. Let us know about these in detail.
| Company Name | weekly profit(%) | Friday Share Price (₹) |
|---|---|---|
| India Steel Works | 70% | 5.98 |
| Sri Havisha Hospitality and Infrastructure | 46% | 3.25 |
| Ontic Finserve | 42% | 0.74 |
| Super Tannery | 41% | 16.33 |
| GTL Ltd | 30% | 15.64 |
The Indian stock market is a platform where shares of publicly listed companies are bought and sold. It plays a vital role in India’s economy, allowing companies to raise capital for growth and expansion, while offering investors a chance to earn returns by buying and selling shares.
The two main stock exchanges in India are:
- Bombay Stock Exchange (BSE):
- Established in 1875, it is the oldest stock exchange in Asia.
- It lists thousands of companies and has indices like SENSEX, which tracks 30 of the largest and most actively traded stocks on the BSE.
2. National Stock Exchange (NSE):
- Established in 1992, it is the largest stock exchange in India by trading volume.
- It has indices like NIFTY 50, which represents the top 50 companies listed on the NSE.
The information provided herein is for informational purposes only and should not be considered as financial advice or a recommendation to buy or sell any particular security, investment, or strategy. The stock market is inherently volatile, and past performance is not indicative of future results.
Investors should conduct their own research and carefully consider their financial objectives, risk tolerance, and investment horizon before making any investment decisions. Any reliance on the information provided is at the user’s own risk.
The content presented does not constitute an offer to buy or sell securities and is not intended to be, nor should it be construed as, an invitation or inducement to engage in investment activity. We do not guarantee the accuracy or completeness of the information presented, and we disclaim any liability for any direct or consequential loss arising from any use of this information.
It is advisable to consult with a qualified financial advisor or professional before making any investment decisions. Users are encouraged to verify the accuracy of the information provided independently and seek appropriate professional advice if needed.
