Stock Market: Despite the current downward trend in the stock market, certain penny stocks are showing signs of gaining traction. These penny stocks are not just providing higher returns to investors but also experiencing a consistent upper circuit. The main point is that the cost of these stocks is below 5 rupees.
Consistently been hitting an upper limit of 5 percent
One example of a penny stock is Omansh Enterprises Ltd. Investors are consistently receiving impressive returns from this penny stock. Over the last few days, it has consistently been hitting an upper limit of 5 percent. On Tuesday, there was also a 5 percent increase that led to an upper circuit being hit. The cost of this share amounts to just Rs 2.69. In only 20 days, this low-priced stock has doubled its value. Its stock price was Rs 1.35 on October 31st. The current price is Rs 2.69. In this scenario, it provided a 100% profit to shareholders within a span of only 20 days.
A return of 149 percent!
Simultaneously, during a one-month period, it has yielded a return of 149 percent. If you had invested Rs 1 lakh in shares a month ago, the amount would now be Rs 2.49 lakh. In just 30 days, you would have earned a profit of Rs 1.49 lakh. This stock has provided investors with returns exceeding 300% over a period of 6 months.
348 percent increase in 6 months!
Just 60 paise was the share price six months ago. Since that time, it has increased by 348 percent. During this period, it has grown an initial investment of one lakh rupees to approximately four and a half lakh rupees. The majority of penny stocks do not yield significant returns within a year. This stock has brought profit to the investors within a year. In a single year, it has provided a 460 percent profit. Its stock valuation was only 48 paise in November of the previous year.
If you had put Rs 1 lakh into it a year back, your investment would now be worth Rs 5.60 lakh. In other words, investing Rs 1 lakh for one year would result in a profit of Rs 4.60 lakh.
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