Top ten penny stocks that gained up to 82 per cent in May 2022
Top ten penny stocks that gained up to 82 per cent in May 2022

Top ten penny stocks that gained up to 82 per cent in May 2022

Kore Foods, Zenith Steel Pipes & Industries, and RSC International have rewarded investors with more than 50 per cent returns for May 2022.

Shreya Chaware Article rating: 4.7

The markets depicted a substantial amount of volatility in a month which was full of surprises i.e. in May 2022. The major event in early May was the unscheduled MPC meet called by RBI amidst rising inflation. It ended up hiking repo rates by 40 bps and CRR by 50 bps. Both the benchmark indices i.e. Sensex and Nifty closed the month on a lower note. The broader markets also ended the month on a tepid note. On the sectoral front, the sectors which shone despite heavy selling were autos and FMCG whereas the one that faced a big pressure point was the metal sector. 

Check out these penny stocks that have more than doubled in 2022!
Check out these penny stocks that have more than doubled in 2022!

Check out these penny stocks that have more than doubled in 2022!

In this post, we would like to highlight those penny stocks that are prone to high volatility and often move to upper or lower circuits

Shreya Chaware Article rating: 4.7

The current market sentiments are affected by factors such as rising inflation, aggressive monetary tightening, the Russia-Ukraine war, rising cases of COVID-19, and the rise in the crude price. In the last one month, the benchmark indices have fallen over 5 per cent whereas India VIX jumped 23.35 per cent, depicting hefty volatility. 

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