Generally in Indian stock market, if the price of a share is less than 10 rupees, it is called Penny Stock. At the same time, there are stocks in the Indian stock market that are available even at a price of 50 paise or less. Such stocks are also available in international stock markets.
The total market capitalization of such underpriced companies is also lower. It is not easy to predict when such stocks will rise or fall in price. As it has a volatility to that extent, one should invest with caution.
Virgo Global Ltd is the highest gainer in Penny stocks today. Its last trading price is Rs.7.15. And the stock rose as much as 4.99% overnight.
Next is the stock of Archana Software Ltd. The stock rose 4.99 percent in intra-day trade and recorded its last trade price of Rs.4.
It is followed by the share of Dhanada Corporation Ltd. The stock rose 4.98 percent in intra-day trading and its last trading price was Rs.2.74.
At fifth position, Capricorn Systems Global Solutions rose 4.97 per cent intraday to close at Rs 9.72.
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