15 penny stocks crash up to 55% in just two weeks. Are you holding any?
By Ritesh Presswala, ETMarkets.com |
1/15
Deep cuts
Over the past two weeks, 15 penny stocks have witnessed sharp declines, falling between 15% and 55%. These underperformers were identified through a targeted screening approach focusing on stocks with a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares.
The screen aims to highlight low-priced, actively traded penny stocks that have seen significant downside pressure in the recent market correction. (Data source: ACE Equity)
While penny stocks often attract investors due to their low entry price and potential for quick gains, they also carry significant risks. Low liquidity, high volatility and limited transparency make them vulnerable to price manipulation and sudden sharp corrections. Without a clear strategy and strong risk management, investors may face substantial losses instead of outsized returns.
The screen aims to highlight low-priced, actively traded penny stocks that have seen significant downside pressure in the recent market correction. (Data source: ACE Equity)
While penny stocks often attract investors due to their low entry price and potential for quick gains, they also carry significant risks. Low liquidity, high volatility and limited transparency make them vulnerable to price manipulation and sudden sharp corrections. Without a clear strategy and strong risk management, investors may face substantial losses instead of outsized returns.
2/15
SRU Steels
2-week performance: -56% | Previous close: Rs 1.47
3/15
Supha Pharmachem
2-week performance: -34% | Previous close: Rs 0.45
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4/15
Parle Industries
2-week performance: -33% | Previous close: Rs 4.96
5/15
A-1
2-week performance: -28% | Previous close: Rs 18.16
6/15
Navkar Urbanstructure
2-week performance: -27% | Previous close: Rs 0.95
7/15
Enbee Trade & Finance
2-week performance: -25% | Previous close: Rs 0.38
8/15
Empower India
2-week performance: -22% | Previous close: Rs 1.18
9/15
Indian Infotech & Software
2-week performance: -21% | Previous close: Rs 0.52
10/15
Rama Steel Tubes
2-week performance: -21% | Previous close: Rs 5.63
11/15
Spright Agro
2-week performance: -19% | Previous close: Rs 0.48
12/15
Sharanam Infraproject and Trading
2-week performance: -19% | Previous close: Rs 0.22
13/15
Space Incubatrics Technologies
2-week performance: -17% | Previous close: Rs 0.19
14/15
Titan Intech
2-week performance: -17% | Previous close: Rs 0.72