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Often bought by investors for quick gains, penny stocks too made news in 2024 with a clutch of them rising by more than 1,000% within a year. ET has identified 15 stocks which have risen by up to 65,000%. Here's a list of top ten gainers:
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2024 is marked by India's ambitious Union Budget, a significant Chinese stimulus package, and notable market dynamics. Domestic Institutional Investors stabilized the market amid foreign outflows, while the IPO surge and SIP growth reflected strong retail investor confidence. Key stocks exhibited significant price fluctuations due to sectoral shifts and global economic conditions.
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In 2024, FPIs reduced investments in Indian equities due to high valuations and geopolitical uncertainties, but showed increased interest in Indian debt markets. Factors like weak corporate earnings, geopolitical tensions, and high inflation also impacted investor confidence. Recovery in FPI inflows is anticipated in 2025, driven by corporate earnings growth and lower interest rates.
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