Over the past three months, 10 penny stocks have corrected sharply, falling between 35% and 70%. These stocks were identified through a screen of companies with a market capitalisation of less than Rs 1,000 crore, a share price below Rs 20 and a minimum recent trading volume of 5 lakh shares. The screen captures low-priced, relatively liquid penny stocks that have witnessed significant price declines during the period. (Data Source: ACE Equity).
10 penny stocks plunge up to 70% in three months. Do you own any?
In short
The steep quarterly plunge affected a specific basket of ten companies tracked through recent ACE Equity market figures. All affected firms met specific screening criteria, requiring a trading share price below Rs 20 and a market capitalisation under Rs 1,000 crore. Additionally, every identified equity had to maintain a minimum recent trading volume of at least 5 lakh shares.
Key points
- The identified companies were trading at a low share price point falling below Rs 20.: The identified companies were trading at a low share price point falling below Rs 20.
- Every stock included in the screening maintained a recent trading volume of at least 5 la…: Every stock included in the screening maintained a recent trading volume of at least 5 lakh shares.
- The evaluation specifically targeted low-priced equities that retained measurable liquidi…: The evaluation specifically targeted low-priced equities that retained measurable liquidity in the market.