9/10/2023 0 Comments Penny stocks to buy now![]() To know more, check out Quest Softech's financial factsheet and its latest quarterly results. The company is all set to report a marginal loss in FY23. HCL Tech had notified that Sankalp Semiconductors, a wholly owned step-down subsidiary of HCL Tech, was acquiring the stake and given how semiconductors is a big theme these days, the frenzy is justified. In July 2022, one of the largest IT companies in India HCL Technologies acquired 100% stake in Quest Informatics. (remember how Bombay Oxygen Investments, an NBFC firm which had nothing to do with Oxygen, was pumped unnecessarily just because it had Oxygen in its name) Part of the reason behind this spectacular rally could be attributed to investors mistakenly pumping the stock because of similarities in name. Investors in the company are laughing all the way to the bank as shares have surged 12x in the past one year. Incorporated in 2000, Quest Softech provides Software and Hardware consultancy and allied services. In the past one year, promoter holding is down to 64.6% from 72.5%.įor more, check out the latest shareholding pattern of S&T Corporation. In December 2022, the company's board decided to conduct a stock split where Rs 10 face value would come down to Rs 2.ĭespite the gains, there still hangs a concern about promoters reducing their stake in the company. In the past one year, shares of the company have zoomed over 1,300%. It offers services such as building and development, self-redevelopment, Land Liaisioning, etc. Incorporated in 1984, S&T Corporation is engaged in the business of construction and textiles. The company's sales for the nine months of FY23 have already surpassed last year's figures.įor a detailed breakup of revenue and profit, check out Jhaveri Credit's latest quarterly results. Financial Snapshot of Jhaveri Credit (2018-2022) Rs m, standalone The sharp rally in the stock price can be attributed to a significant improvement in financial performance for consecutive years. Jhaveri Credits & Capital provides broking platform on various exchanges to clients for dealing in various commodities traded on those exchanges in present, spot and future dealings. In the past one year, share price of Jhaveri Credits has surged over 1,600% making itself among the best performing penny stocks of 2023. To know more, check out Raj Rayon's financial factsheet and its latest quarterly results. ![]() It's all set to report a loss for FY23 as trailing twelve months losses stand at Rs 240 million (m).Īdding to the injury, data from BSE shows there are only sellers waiting on the sidelines to sell the script, with no buyers willing to buy shares (at least for now). However, the party now seems to be over as the stock has started to see some selling owing to weak Q2 results in 2022. It has a record of reporting losses for more than seven quarters, but the company turned profitable in December 2021. The company's December 2021 quarter results were out of the box where it reported a massive rise in profits. Raj Rayon Industries is engaged in the business of manufacturing and trading of polyester chips, polyester yarn and processed yarn. How big gains are we talking about? How about a whopping 3,599%? Trading at less than two rupees a year ago, shares of Raj Rayon Industries have seen a meteoric rise over the year gone by. While we don't know how the markets will react in the future, this article aims to provide valuable insights on the best performing penny stocks of the past year. In this article, we'll explore six penny stocks that have surged 1,000% or more in just one year (performance between March 2022 and March 2023). Such fundamentally strong penny stocks have the ability to surge multifold, delivering up to 1,000% gains. If investors get all these traits in a company, what else can they ask for? However, there are certain penny stocks that not only have a decent track record but also have a rock solid balance sheet and visionary management. On top of that, liquidity concerns continue to stay on the back of an investor's mind. Penny stocks are known for NOT having a reliable track record and sufficient information dissemination. While investing in penny stocks can be risky, some investors are willing to take the chance for the possibility of substantial returns. Investors often find the last variety irresistible because of their potential for significant gains. 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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