This penny stock gave 135% return
The stock of RTCL closed at Rs 8.51 on December 27, 2021, while the closing price of the stock is Rs 19.91 on Friday, January 13. That is, in just two weeks, this stock has given a return of 135 percent. Meaning the share price has more than doubled. The year 2022 has proved to be very good for this penny stock and has given strong returns to the investors.
Upper circuit looks like 4 consecutive seasons
The stock of RTCL is showing an upper circuit of 10 percent for the last 4 consecutive sessions. In the last 5 sessions alone, this stock has given nearly 90% returns to its investors. If we talk about a month, then the share of RTCL company has increased from Rs 8 to Rs 19. That is, the stock of RTCL Limited has given a return of 150 percent to its investors in a month.
Rs. 2.35 lakh became Rs. 1 lakh
If someone had invested Rs 1 lakh in RTCL’s stock a month ago, then his investment would have become Rs 2.50 lakh today. On the other hand, if someone had invested money in this stock 15 days ago, then his investment would have become Rs 2.35 lakh. Whereas if someone had invested Rs 1 lakh in this stock 5 days ago, then his money would have become Rs 1.90 lakh today.
What are penny stocks?
Those shares are called penny shares, which have very little value. These stocks have very little liquidity. These shares are also called Bhangar Shares. Sometimes the business of a small company starts growing suddenly. Then it starts being counted among the successful companies. The prices of such shares also jump. It is generally assumed that those whose value is less than Rs.10 are penny stocks.
How Reliable Are Penny Stocks?
The risk involved in investing in penny stocks is high. Such stocks can show huge volatility in a very short period of time. In such a situation, investors can also become rich and they may also have to bear heavy losses. It has also been seen many times that promoters are responsible for increasing the prices of these stocks just to attract the attention of the investors. In such a situation, if you want to invest in penny stocks, then be careful and understand every detail, then only strong profits can be earned.
Penny stocks are easy to operate
Anyone who has seen the 1992 Harshad Mehta scam, must have understood how shares operate. Penny stocks have a very low price, so people with some money can work together to adjust their price. Before operating the stock, these people invest money in their own shares and increase its value. When seeing great returns and people invest heavily in these stocks, the prices go up further, after which the operators of the stock walk out with their profits.
Keep these things in mind while investing in penny stocks
- Do not invest in penny stocks which have upper circuit or lower circuit. Once money is invested in such shares, it becomes difficult to sell them. In such a situation, if the lower circuit starts continuously, then heavy loss has to be suffered.
- Not all penny stocks are bad. Before investing in penny stock, know well about the company, what is its business, what are the future plans, how much profit and loss is being made. If you see the future of that company, then invest money in it.
- Never invest in penny stocks by looking at the price that if there is a cheap stock, then you will get more shares for less money. Invest in that stock which is giving good returns even if its price is in thousands.
- If you are trading in penny stocks then don’t get too greedy. If you have got the money that you have thought, then cut the deal immediately, otherwise you may have to face the loss if you remain in greed.
also watch this video
What is Penny Stocks:
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