scorecardresearchThese 5 penny stocks skyrocketed up to 6000% in just 1 year; But, should you buy?

These 5 penny stocks skyrocketed up to 6000% in just 1 year; But, should you buy?

Updated: 25 Mar 2022, 12:06 PM IST
TL;DR.

In times of volatility and overall weakness in market sentiment across sectors, these 5 penny stocks have have given exorbitant returns to its investors, rising between 2000 and 6000 percent just in the last 1 year. In general, penny stocks are stocks that have single-digit stock price. However, analysts feel that investors should mostly avoid such stocks amd only very high risk investors with a fundamental knowledge of the markets should consider investing in them. While they give massive returns in small periods, the risks associated are also excruciatingly high. Also, investors must consult their financial advisors before buying these stocks.