New Delhi: The stock market has gained momentum again. There are some shares in the stock market which are filling the pockets of investors. The prices of these <a href="https://time.news/this-stock-of-less-than-2-rupees-started-running-again-20-return-in-5-days-you-will-be-shocked-to-know-the-28-month-old-record-penny-stocks-khoobsurat-ltd-hitting-upper-circuit-20-percent-return-i/" title="This stock of less than 2 rupees started running again, 20% return in 5 days, you will be shocked to know the 28 month old record – penny stocks khoobsurat ltd hitting upper circuit 20 percent return in 5 days
– 2024-07-29 01:37:25″>penny stocks are quite low. One such penny stock has given tremendous returns to investors in a very short time. This stock, priced at less than Rs 2, has been continuously hitting the upper circuit of 5 per cent for the past several days. Even today it has upper circuit. The name of this share is Landmarc Leisure Corporation Ltd. Its price currently is Rs 1.94. This stock has more than doubled the investors’ money in just 6 months. Its returns in one month have been more than 70 percent. In fact, many investors like to keep penny stocks in their portfolio. Many penny stocks give good returns to investors in a short period of time. However, these also have the highest risk.
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More than 70% return in one month
This stock has given tremendous returns to investors in one month. A month ago the share price was Rs 1.12. Since then there has been a jump of 73 percent. That means investors have got 73 percent return. If you had invested Rs 1 lakh in it a month ago, the value of that Rs 1 lakh today would have been Rs 1.73 lakh. That means you would have made a profit of Rs 73 thousand in just one month.
Money more than doubled in 6 months
It has doubled the investment in four and a half months and more than doubled it in 6 months. Six months ago its share price was 90 paise. In such a situation, it has given around 116 percent return so far. If you had bought its shares worth Rs 1 lakh six months ago, they would have converted into Rs 2.16 lakh. In such a situation, you would have made a profit of Rs 1.16 lakh in just 6 months.
What does the company do?
The market cap of the company is Rs 155.20 crore. This company was established in 1991. This company works in wellness, education and entertainment sectors. The company has also entered the spa and salon sector. The company also has a production house named ‘Landmark Films’.
Interview Between Time.news Editor and Stock Market Expert
Editor: Good morning, and welcome to Time.news. Today, we have the pleasure of speaking with Rajesh Mehta, a seasoned stock market expert. Rajesh, thank you for joining us.
Rajesh Mehta: Good morning! It’s great to be here and share insights on the current market trends.
Editor: Let’s dive right in. We’ve recently seen a resurgence in the stock market, particularly with penny stocks. There’s been significant buzz around Landmarc Leisure Corporation Ltd, which has been hitting the upper circuit for days. What’s your perspective on this trend?
Rajesh Mehta: Absolutely, the current momentum in the stock market is quite intriguing. Landmarc Leisure Corporation Ltd, for example, priced under Rs 2, has become a sensation. Its recent performance highlights the speculative nature of investors looking for quick returns, but also the potential for substantial gains in penny stocks.
Editor: Speaking of gains, this particular stock has reportedly more than doubled investors’ money in a very short period. What factors contribute to such rapid appreciation?
Rajesh Mehta: Several factors can drive such performance. For Landmarc, it might be a mix of market speculation, operational changes within the company, or positive news that instilled confidence in investors. Investors’ psychology plays a crucial role—when they see a stock with a low price gaining traction, it often triggers a buying frenzy that pushes the price even higher.
Editor: That makes sense. However, with such rapid gains can come risks. How do investors navigate the volatility associated with penny stocks?
Rajesh Mehta: Great question! Investing in penny stocks can be like a double-edged sword. While the potential for high returns is alluring, investors must exercise caution. It’s essential to conduct thorough research—understanding the company’s fundamentals, market position, and any underlying news driving the frenzy. Diversification and setting stop-loss orders can also help mitigate risks.
Editor: What advice would you give to novice investors who might be tempted to jump on the penny stock bandwagon?
Rajesh Mehta: My advice would be to tread carefully. It’s important to invest only what you can afford to lose. Start small and consider the long-term potential of companies rather than getting swept up in short-term hype. Educating oneself about stock market dynamics, perhaps through resources or courses, can also be beneficial.
Editor: Wise words indeed. As we look ahead, do you foresee any lasting trends in the penny stock space, or is this more of a short-lived phenomenon?
Rajesh Mehta: While we might see continued interest in penny stocks as investors chase quick returns, it’s crucial to remember that genuine value rarely stays hidden for long. Companies with strong fundamentals will eventually catch the attention of institutional investors and might elevate from the penny status. Therefore, while the current wave may not last indefinitely, certain stocks can definitely emerge as winners for those who are patient.
Editor: Thank you, Rajesh, for sharing valuable insights with us today. It’s always enlightening to hear from an expert in the field. We look forward to your continued analysis as the market evolves.
Rajesh Mehta: Thank you for having me! It’s always a pleasure to discuss the ever-evolving landscape of the stock market.
Editor: That’s a wrap for today’s session. Stay tuned for more updates and expert opinions as we continue to track market movements and trends!