The downward trend in the stock market has continued in recent times, but some smallcap companies have given good returns to investors even in this challenging environment. However, investing in penny stocks is risky because their value rises and falls rapidly. When there is a decline, it may continue for several trading sessions.
Shelter Infra shares performed strongly today, gaining over 13%. On Tuesday, the stock closed at Rs 14.95, up from its previous closing price of Rs 13.20. It also touched a new 52-week high of Rs 14.98 during the day. The lowest level of this stock in the last 52 weeks has been Rs 8.20.
Shelter Infra has given returns of 25% to its investors in the last one month. On September 16, 2024, the price of this stock was Rs 12.01, which has now reached Rs 14.95. This stock has given returns of more than 35% in the last six months. However, it has delivered a gain of only 37% over the last 12 months. The year-to-date (YTD) return of this stock is also more than 22%.
Although investing in penny stocks is risky, investors investing in such stocks should be cautious, because along with gains, there is also a possibility of sharp decline.
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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.
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