WAKE UP NOW STOCK QUOTE PC
On a quarterly basis, PC Jeweller posted Q1 sales at INR 547.42 cr, Q2 sales at 897.58 cr and Q3 sales at 854.31 cr-a steady acceleration from previous erratic quarters. Its fall between 20 followed by a sea of problems including insider trading charges on the founder, his brother and children, along with their legal tussle with the State Bank of India over consecutive loan defaults and loan recall notices by four other banks has severely dented the company’s image.Īmid piling debt, a sliver of hope exists with the company posting better quarterly sales through FY23.
No one could think a jewelry brand as large as PC Jeweller would slip in the penny stock category one day. Stocks within the annual trading range of approximately INR 30 have been considered for this analysis. While investing in penny stocks, investors must remember one has to be diligent in their research and invest their entire corpus in a diversified manner to hedge against potential risks that come with higher return prospects of penny stocks.įorbes Advisor India analyzed the top 50 penny stocks listed on the Bombay Stock Exchange and the National Stock Exchange and chose the top penny stocks that could potentially help investors build wealth. Hence, it is not necessary you would be able to make phenomenal returns when investing in penny stocks. Some penny stocks die out with time and may potentially get delisted resulting in losses. For instance, you may buy a penny stock at a very low price but may not find buyers when you wish to sell it. They are not frequently-traded stocks and often sudden bouts of market volatility determine the returns investors can potentially make on them.īeing low on liquidity, penny stocks could be quite risky to invest in. Penny stocks are stocks of small publicly-traded companies listed on stock exchanges for a price generally lower than INR 10.
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