Penny Inventory: There’s a sturdy rise within the Indian inventory market right this moment. Sensex and Nifty have made a brand new document. With this, the market cap of firms listed on the Bombay Inventory Trade has crossed Rs 400 lakh crore for the primary time. In the meantime, the inventory of a finance firm Blue Chip India can be seeing an increase. The shares of the corporate are buying and selling at Rs 2.90 with a rise of 1.75 p.c i.e. 0.05 paise. Within the final 5 buying and selling days, the corporate's inventory has given a return of seven.41 p.c to the traders. Blue Chip India Restricted is an organization concerned in finance actions. It sells fairness shares and offers loans. The corporate was established in 1993 in Kolkata. The corporate's revenue within the quarter of December 2023 was Rs 0.02 crore. Whereas, in December 2022, the corporate had a web lack of ₹ 0.03 crore.
Kaisa's inventory efficiency
Blue Chip India's inventory has given excellent returns to traders within the current previous. Within the final one month, the corporate has given a unfavourable return of 12.12 p.c to the traders. Whereas, on a six-monthly foundation, the corporate has given a return of 132 p.c to the traders. On annual foundation the corporate has given a return of 866.67 p.c to the traders. Final yr on April 10, 2023, the corporate's inventory worth was solely 30 paise. Nonetheless, in 5 years the corporate's inventory has given a return of 480 p.c to traders. On September 19, 2003, the inventory worth of Blue Chip India reached Rs 41.
Additionally Learn: Bombay Inventory Trade made a document, market cap crossed Rs 400 lakh crore
What’s a penny inventory?
In easy language, penny shares are these shares whose worth could be very low. Nonetheless, investing in penny shares might be dangerous as a result of their costs can change out of the blue and these firms shouldn’t have long-term or everlasting enterprise or plans to affect traders. Investing in penny shares shouldn’t be notably really helpful for traders who can’t afford a lot danger or shouldn’t have good data. It is rather vital to take professional recommendation earlier than investing in them. It’s mentioned that traders ought to research properly and take into account rigorously earlier than investing in penny shares.
(Disclaimer: Investing in inventory market or IPO is topic to market danger. Earlier than investing in any share, take full data from monetary advisor. We aren’t motivating to put money into any firm.)
Click Here To Join Our Telegram Channel
If in case you have any issues or complaints relating to this text, please tell us and the article will probably be eliminated quickly.
