Second, they have the ability to offer high returns in a short period.īut investing in penny stocks can be a risky affair. There are several reasons why investors fancy penny stocks.įirst, they have a very low market price and investors can buy many shares. However, as the market turned green, penny stocks are back on investors' radar. Even the most popular penny stocks were isolated. Many investors stayed away the market during the correction, fearing heavy losses. The BSE Sensex gave close to a 10% return in the past month after falling close to 14% in the first six months. The markets started showing signs of recovery in July 2022 after a very volatile first half. Multibagger Penny Stocks to Watch Out for in 2023 While we're not making any recommendations, it's worth keeping an eye on these companies as they could be ones to watch this year. In this editorial, published in early August 2022, we take a closer look at penny stocks that rallied in 2022 and what lies for them in 2023. 10 Rules for Successful Long-Term InvestingĮditor's note: Penny stocks present a high-risk, high-reward investment opportunity.Your Ultimate Guide to Penny Stock Investing.(Please do not use this option on a public machine)
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