Penny Stocks: Stocks likely to be in focus tomorrow!
Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Monday, May 13, 2024.
Overall, market sentiment was positive, with 1,333 stocks advancing compared to 771 declining stocks.
Analysing the interplay between geopolitics and India and its positive and negative ramifications on various sectors
This article is authored by Hemant Shah, Fund Manager, Seven Islands PMS
By encouraging domestic production, India creates a massive captive market, shielding manufacturers from the price wars that plague exporters.
1:2 Bonus issue announcement: Back-to-back upper circuit low price stock under Rs 10, company announces bonus issue!
The bonus issue scheme entails the allocation of one additional equity share having a face value of Rs 1 each for every 2 equity shares valued held as of a specified record date.
The bonus shares will be sourced from the company's profit reserves, and the company possesses adequate free reserves, meeting the prerequisites for the bonus issue.
1:10 Stock split announcement: This multibagger NBCF company announces a stock split; complete details inside!
The company’s shares have delivered impressive multibagger returns of over 550 per cent to their shareholders.
The company's sales recorded a year-on-year growth of 151 per cent, while profits surged by over 200 per cent in FY23. The company is expected to announce its annual results soon.
Multibagger penny stock under Rs 70: This solar power SME stock bags a new order worth Rs 21,343,330!
Shares of the company gained more than 140 per cent in the last six months.
Shares of the company gained more than 140 per cent in the last six months.
Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
Market volatility, as indicated by India VIX, has surged by 2.2 per cent, reflecting an increase in market volatility.
2,800 per cent dividend announced: do you have this stock in your portfolio?
The group has a share of over 55 per cent in the organised domestic paints market (the second-largest player has a market share of 19 per cent).
The group has a share of over 55 per cent in the organised domestic paints market (the second-largest player has a market share of 19 per cent).
Shipbuilding company secures Rs 73.14 crore order from Inland Waterways Authority of India, Ashish Kacholia holds 2.78 per cent stake in the company!
The company's shares have delivered an impressive return of over 3,300 per cent to their shareholders.
FIIs have increased their stake while DIIs entered by purchasing a 2.18 per cent stake in the March quarter of FY24.
200 per cent multibagger returns in just 1 year: This miniratna railway company secured order worth Rs 51,53,29,790 from Central Warehousing Corporation
The company's shares have delivered an impressive return of over 273 per cent to their shareholders.
President of India holds substantial stake in the company, while the FIIs have increased their stake in the March quarter of FY24.
Rs 2,000 crore capex: Company plans to enhance and modernize existing capacity, along with venturing into green power generation!
The company's shares have rewarded their shareholders with an impressive return of over 500 per cent.
The rationale behind these strategic moves is multifaceted. It aims to foster better business synergies and secure a competitive advantage in the market also capacity expansion is a response to the increasing demand for the company’s products.
What Capex means to investors: Its impact on stock prices and reliability as a growth indicator!
Substantial investments in CapEx may tighten margins, but rest assured, as production increases, shareholder value follows suit. While it requires patience, the waiting game often yields generous returns in the medium to long term.
For investors, CapEx isn’t just jargon it's a glimpse into a company's resource management and strategic financial decisions, shaping its profitability.
Looking for penny stocks? Here are the 6 stocks you should keep an eye on!
Looking for penny stocks, we've filtered out good companies with low prices and strong ROCE and ROE, coupled with impressive sales and profit growth.
These stocks boast strong ROCE, ROE, sales, and profit growth. They have already delivered multibagger returns of over 100 per cent in the past year, indicating their potential to perform even better in the future.