Penny Stock: Rs 2 stock created wealth, price jumped 481%
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Penny Stock: A strong rise is being seen in the Indian stock market today. Sensex and Nifty have made a new record. With this, the market cap of companies listed on the Bombay Stock Exchange has crossed Rs 400 lakh crore for the first time. Meanwhile, the stock of a finance company Blue Chip India is also seeing a rise. The shares of the company are trading at Rs 2.90 with an increase of 1.75 percent i.e. 0.05 paise. In the last five trading days, the company’s stock has given a return of 7.41 percent to the investors. Blue Chip India Limited is a company involved in finance activities. It sells equity shares and gives loans. The company was established in 1993 in Kolkata. The company’s profit in the quarter of December 2023 was Rs 0.02 crore. Whereas, in December 2022, the company had a net loss of ₹ 0.03 crore.
Kaisa’s stock performance
Blue Chip India’s stock has given very good returns to investors in the recent past. In the last one month, the company has given a negative return of 12.12 percent to the investors. Whereas, on a six-monthly basis, the company has given a return of 132 percent to the investors. On annual basis the company has given a return of 866.67 percent to the investors. Last year on April 10, 2023, the company’s stock price was only 30 paise. However, in five years the company’s stock has given a return of 480 percent to investors. On September 19, 2003, the stock price of Blue Chip India reached Rs 41.
Also Read: Bombay Stock Exchange makes record, market cap crosses Rs 400 lakh crore
What is a penny stock?
In simple language, penny stocks are those shares whose price is very low. However, investing in penny stocks can be risky because their prices can change suddenly and these companies do not have long-term or permanent business plans or plans to influence investors. Investing in penny stocks is not particularly recommended for investors who cannot afford much risk or do not have good information. It is very important to take expert advice before investing in them. It is said that investors should study well and consider carefully before investing in penny stocks.
,Disclaimer: Investing in stock market or IPO is subject to market risk. Before investing in any share, get complete information from a good financial advisor. We are not encouraging investment in any company.,
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