INSUBCONTINENT EXCLUSIVE:
Calendar 2018 was a year of return drought for Dalal Street, as more than 85 per cent of the stocks failed to beat benchmark Sensex
Smallcaps took a heavy beating with losses rising as much as 94 per cent
wealth by up to nine times
Stock broking firm Dolat Investments scripted the biggest wealth creation story, rallying 769 per cent from Rs 7.25 at the end of last year
to around to Rs 63 by the yearned.
Other chart toppers among penny stocks were Orient Tradelink (up 656 per cent), Vikas Proppant Granite
(up 422 per cent), Think Ink Studio (up 402 per cent), Gujarat Poly Electronics (up 336 per cent), RMG Alloy Steel (up 200 per cent), SPS
International (up 178 per cent) and Crown Tours (up 142 per cent)
Penny stocks, often referred to as Bhangaar stocks in market parlance, are those that trade below Rs 10
Among other stocks from the segment, Cybele Industries, Indrayani Biotech, Econo Trade, Accel India, Bio Green Papers, Ajel, Jain Studios,
Welcon International and Arnold Holdings gained between 50 per cent and 136 per cent.
Penny stocks are high-risk bets and are strictly no-no
for weak-hearted and conservative investors
pledge positions.
Remember, these stocks are not meant for the risk-averse
Also, the bourses regularly suspend such stocks over regulatory issues
If a bigger stock falls to the level of penny stock, it is often a sign that the company going out of business
and quality of the business are the first things to look at before picking a stock
Companies like Manpasand and PC Jewellers, which were once seen as good companies, went burst
five years, is ending Calendar 2018 about 25 per cent down.
Among top losers on the index are Ashapura Intimates Fashion, Bombay Rayon
Fashions, Kwality and JBF Industries, which have dropped over 90 per cent.
On the other hand, stocks like Excel Industries, DIL, Merck and
Now.
(Disclaimer: ETMarkets.com does not promote investing in penny stocks
All the information given in the article is for information purpose only)
