The following penny stocks are likely to be in focus on Wednesday, February 21, 2024

Max pain at the end of today's trade for weekly expiry on February 22 stands at 21100.

The stock gave multibagger returns of 320 per cent in just 1 year and a whopping 7,000 per cent in 3 years.

The India VIX, which measures market volatility, has slightly increased by 0.34 per cent, indicating a rise in market volatility.

The stock is up by 37 per cent from its 52-week low and down by 67 per cent from its 52-week high.

In terms of SIP, a monthly investment of Rs 10,000 since inception would amount to a total investment of Rs 3.7 lakh. As of January 31, 2024, the value of that investment would have grown to Rs 5.48 lakh, i.e. a CAGR of 26.5 per cent. A similar investment in the benchmark would have yielded a CAGR of 20.8 per cent for the same period.

IPO Rating: Apply for the long-term

The broader markets were in negative territory, with the BSE Mid-cap Index down 0.17 per cent and the BSE Small-cap Index down 0.18 per cent.

On February 19, 2024, foreign institutional investors (FII) offloaded shares worth Rs 754.59 crore, while domestic institutional investors (DII) purchased shares worth Rs 452.70 crore.

The stock gave multibagger returns of 200 per cent in just 1 year, 3,640 per cent in 2 years and a whopping 7,625 per cent in 3 years.