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Over the past month, 13 penny stocks have suffered significant losses, dropping between 20% and 55% in their share prices. These laggards were identified through a focused screening process that considered companies with a market capitalisation under Rs 1,000 crore, a share price below Rs 20, and a minimum recent trading volume of 5 lakh shares. The approach aims to spotlight low-priced, actively traded penny stocks that have seen substantial declines. (Data Source: ACE Equity)Although penny stocks often attract investors with their low entry prices and potential for rapid gains, they come with substantial risks. Due to low liquidity, high volatility, and limited transparency, they are prone to manipulation and sudden drops. Without a clear strategy and strong risk controls, investors may face more losses than gains.
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News and Media
Indian equities concluded October with a muted performance, ending a four-week winning streak as benchmark indices saw marginal declines due to profit-booking and mixed global cues. Despite volatility, GM Breweries emerged as a top performer, surging 74.77% in the smallcap segment, while other stocks across BSE 500, midcap, and smallcap categories also posted significant monthly gains.
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News and Media
Dalal Street prepares for a busy week with multiple IPOs. The prominent Groww IPO opens Tuesday, November 4. Several smaller SME issues also launch, offering investors choices. Experts advise focusing on company fundamentals. The market watches investor appetite for new-age fintech stocks amid regulatory changes and market fluctuations. This period presents significant opportunities for engagement.
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News and Media
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