It's important to know a lot about a company before investing in its penny stock.

About 2,382 shares have advanced, 1,189 declined and 107 are unchanged on the BSE.

Nifty-50 Index closed at 17,589.60, down by 0.98 per cent, while both the mid-cap index and the small-cap index closed negatively on broader markets 

About 1,493 shares had advanced, 1,953 declined and 1647 were unchanged on BSE.

Despite being a weak market on Friday, there were few penny stocks that touched 5 per upper circuit each and they gave multibagger returns in just 6 months. 

One of the trending news on the internet is the Hindenburg Research report which is raising concern over the debt positions of Adani group companies.

Shares of the company have jumped more than 550 per cent in less than 6 months.

In just 1 month, the stock gave multibagger returns of 203.51 per cent, while the BSE Small-Cap Index fell 3.21 per cent.

The FIIs purchased shares worth Rs 369 crore during the most recent trading session, while DIIs sold shares worth Rs 295 crore.

BSE Sensex tumbled more than 11 per cent on a YTD basis. While the large-caps have slipped, we find that several small-caps, micro-caps, and penny stocks have outperformed the markets in 2022. It seems that 2022 belongs to the broader markets. Usually, small-caps tend to correct more than the large-caps; however, the small-caps are seen correcting in line with the key benchmark index.