Penny stocks are popular among investors for their potential high returns, ability to buy a large number of shares with a small investment, and the excitement of investing in companies with growth potential. However, due to their illiquidity, penny stocks can easily hit circuit levels with a small increase in trading volume, making them risky for retail investors. It is important to choose and invest wisely.
The Piotroski score, ranging from zero to nine, is used to evaluate a firm’s strength based on nine criteria. A score of nine indicates the best value, while zero signifies the worst.
Saven Technologies Limited is involved in offering software services, with a market capitalization of Rs. 63 Crores. The company’s shares were trading at Rs.57.40, showing a 2.50 percent increase from the previous day. Saven Technologies has delivered a 56 percent return in a year and has a healthy Piotroski score of 9.
National Plastic Industries Limited, engaged in manufacturing and exporting houseware products, has a market capitalization of Rs. 66 Crores. The company’s shares were trading at Rs.72, with a return of 73 percent in a year and a Piotroski score of 9.
Rasi Electrodes Limited manufactures welding electrodes and CCMS wire, with a market capitalization of Rs. 82 Crores. The company’s shares were trading at Rs. 26.40, up 1.81 percent from the previous day, with a 82 percent return in a year and a Piotroski score of 9.
APM Industries Limited is involved in manufacturing man-made fibers and other products, with a market capitalization of Rs. 133 Crores. The company’s shares were trading at Rs. 61.20, with a 20 percent return in a year and a Piotroski score of 9.
GP Petroleums Limited formulates and markets lubricants and other products, with a market capitalization of Rs. 318 Crores. The company’s shares were trading at Rs. 62.50, with a 70 percent return in a year and a Piotroski score of 8.
Investors should exercise caution while investing in equities, as they pose a risk of financial losses. It is advisable to consult with an investment advisor before making any investment decisions.