Page 2 - Microcap Stocks News Today

The current market rally has been driven by sentiments that have turned distinctly positive for India. India, which moved from 10th largest economy in 2014 to 5th largest economy in 2022, is destined to move to 3rd largest economy in the next few years. But investors must remain disciplined and not cross their Laxman-Rekha.

Rajiv Mehta, algo trader and investor in the segments, outlines three simple rules to follow that can create long-term wealth.

Thus far in calendar year 2023, 165, or 66 per cent, of 250 micro-cap stocks have generated positive returns

Over the last three years, the Nifty Microcap 250 Index has delivered 58 percent on an annualised basis. But this segment comes with its own set of risks and challenges.

Penny stock Kaiser Corporation rallied 1,987.81 per cent or 21 times from mere Rs 2.79 apiece on December 31 to Rs 58.25 a piece level

Shares of Narayani Steels have surged 526 per cent this calendar. The stock has risen to Rs 77.35 level from Rs 12.34 level as of December 31. This scrip had lost 59.40 per cent in 2021

Its a microcap stock valued at just Rs 330 crore. But it is owned by two of the biggest investors on Dalal Street – Rakesh Jhunjhunwala and Radhakishan Damani. And, the stock has delivered about 28 per cent return in the last one month.