Penny stocks under Rs 10 with high trading and delivery volumes
Today, the Indian market is trading positively, around its all-time high levels on the first day of the week.
Penny Stocks, often a fascination for investors seeking high-risk, high-reward opportunities, are stocks that trade at very low prices. These stocks often belong to Small-Cap or micro-cap companies with relatively low market capitalisation. While their low-price tags may seem appealing at first glance, investing in penny stocks comes with its own set of intricacies and risks.
Penny stocks are known for their volatile nature. They can experience significant price fluctuations within short periods, which can potentially lead to substantial gains or losses for investors. Due to their low prices, penny stocks are perceived as an avenue for investors to enter the stock market with minimal capital. However, it's crucial to recognize that their low valuation often reflects the underlying risks associated with the companies issuing them. Furthermore, these stocks sometimes lead to multibagger returns for the holders.
Following are the stocks under Rs 10 with high trading and delivery volumes in the past week:
|
Stock Name
|
Dly Times (x)
|
Avg Dly Qty (5 Weeks)
|
Traded Times (x)
|
Avg Traded Qty (5 Weeks)
|
CMP
|
1 Week Returns
|
|
Harshil Agrotech Ltd.
|
23.79
|
145
|
23.79
|
145
|
8.35
|
10.16
|
|
Vivanza Biosciences Ltd.
|
21.01
|
2,62,457
|
22.09
|
2,42,985
|
8.37
|
18.00
|
|
Avance Technologies Ltd.
|
12.42
|
2,15,99,118
|
12.42
|
2,15,99,118
|
1.31
|
10.00
|
|
Gemstone Investments Ltd.
|
11.74
|
4,18,058
|
15.82
|
4,18,058
|
2.07
|
61.24
|
|
Mena Mani Industries Ltd.
|
9.81
|
12,188
|
9.81
|
12,188
|
9.52
|
18.11
|
|
Sabrimala Industries India Ltd.
|
9.75
|
8
|
9.75
|
8
|
7.53
|
15.49
|
|
Square Four Projects India Ltd.
|
9.32
|
9,534
|
9.32
|
9,534
|
8.45
|
20.71
|
|
Smiths & Founders (India) Ltd.
|
9.09
|
1,58,045
|
11.49
|
1,16,405
|
5.77
|
21.73
|
|
Vikas WSP Ltd.
|
7.78
|
1,86,744
|
7.78
|
1,86,744
|
1.40
|
15.20
|
|
Mega Corporation Ltd.
|
7.23
|
1,08,133
|
7.23
|
1,08,133
|
2.94
|
14.84
|
The Importance of Trading and Delivery Volumes:
Monitoring trading and delivery volumes is essential when considering investments in stocks. Trading volume refers to the total number of shares traded during a specified period, while delivery volume represents the portion of shares that are actually transferred from sellers to buyers, indicating genuine interest and investment in the stock.
High trading and delivery volumes in penny stocks indicate increased market activity and investor participation, potentially signaling growing interest or price momentum. Conversely, low volumes may reflect lackluster investor interest or deeper concerns about the company's prospects, requiring assessment for underlying issues.
Investors must be aware that penny stocks offer potential gains but pose significant risks. Limited information and high volatility make thorough research essential. Investors should approach with caution and conduct thorough due diligence before investing.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.