Penny stocks that will skyrocket3/11/2023 Since then, it has been a one way upward journey. The Indian equity market bounced back strongly after a big crash in March 2020. 6 Penny Stocks that Rallied 1,000%+ in One Year Skip forward to present, all these penny stocks have come down sharply from their recent highs.Read on to know more about these penny stocks and where they stand now. In December last year, when the markets were in their best phase, we wrote to you about the penny stocks that rallied over 1,000%. Liquidity is the friend of an investor/trader and a lack of it is the enemy.Looking at the current market scenario for penny stocks, I'm mesmerized by a common saying and can't think of a better analogy than this. Penny stocks, being the most volatile category of the lot, are not the ideal pick these days. While we aren't technically in a bear market at present, 2022 has seen a major correction and sent shivers for first time investors.Īs things stand now, the interest in penny stocks has dipped. Stocks can't just go all the way up, up, and above. There will always be a bull market followed by a bear market every few years now and then. Now, remember that history has a tendency to repeat itself. Even those with questionable fundamentals and no track record. One good pick and that will do wonders.Ī lot of investors who joined the bandwagon post the March 2020 crash saw their investment multiply as most stocks rallied. Latching on to a multibagger penny stock is what most people dream of. This is almost impossible in the case of largecaps. Well-chosen fundamentally strong penny stocks have the potential to deliver profits greater than 1,000% within 1-3 years. 15 Mistakes to Avoid while Investing in Stock MarketsĮditor's note: When it comes to investing in penny stocks, investors are all ears. 10 Rules for Successful Long-Term Investing.Your Ultimate Guide to Penny Stock Investing.(Please do not use this option on a public machine)
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