Penny Stocks Update: These trending penny stocks have corrected up to 44.59 per cent; be cautious!

Penny stocks can be extremely volatile and one should be cautious while investing in them!

On Monday, the day concluded positively for the domestic equity market, BSE Sensex was up by 1.20 per cent at 60,566.42 level, while the Nifty was up 1.17 per cent at 18,014.60 level. The BSE Sensex Index reached a 52-week high of Rs 63,583.07 on November 30, 2022 and a 52-week low of Rs 50,921.22 on June 17, 2022. 

Navoday Enterprises Limited is primarily involved in marketing support and advertising, management and financial consultancy and component supply and support services. 

Sturdy Industries Ltd is involved in the business of manufacturing irrigation systems, power generation products and IT infrastructure products. 

SGN Telecoms Ltd is engaged in the manufacturing and selling of wires and cables. 

Arshiya Ltd is an integrated supply chain and logistics infrastructure solutions provider. It also develops free trade & warehousing zones (FTWZ), supply chain management solutions and a data centre. 

Symbiox Investment & Trading Co Ltd is engaged in the business of investments like loans & advances and investments. 

Following are the Penny Stocks that corrected up to 44.59 per cent since the BSE Sensex 52-week high: 

Penny stocks can be extremely volatile and one should be cautious while investing in them!