11 penny stocks plunge up to 81% in 6 months
Eleven penny stocks have declined sharply over the past six months, with losses ranging from 49% to 81%. The stocks were identified using a screen of companies with market capitalisation below Rs 1,000 crore, share prices under Rs 20 and minimum recent trading volume of 5 lakh shares, based on ACE Equity data.
Over the past six months, 11 penny stocks have experienced significant declines, with price reductions ranging from 49% to an alarming 81%. These underperforming stocks were identified through a screening process that focused on companies with a market capitalization under Rs 1,000 crore, a share price below Rs 20, and a minimum recent trading volume of 5 lakh shares. The screening criteria aimed to highlight low-priced, relatively liquid penny stocks that had come under substantial selling pressure during this period.
Among the affected stocks, the sharpest decline is observed in one particular stock, which plummeted by a staggering 81% over the six-month period. Its previous closing price was reported at Rs 8.57. Another stock saw its value drop by 78%, with its previous close at Rs 5.08. Similarly, other stocks experienced declines of 77%, 72%, 65%, 60%, 59%, 56%, 52%, 51%, 49%, and 51% over the same timeframe, with their previous closing prices varying between Rs 4.16 and Rs 14.45.
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