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Small-cap stock under INR5: Penny stock Vikas Ecotech jumps as board approves INR34 crore fund raise

Sep. 1—SMALL-CAP STOCK UNDER SPAN CLASS="WEBRUPEE">₹5 — The board of directors of this penny stock below INR5 has approved fund raise via issuance of preferential issue. The small-cap board in
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penny stocks: 7 FII-backed penny stocks rally up to 60% in FY24. Time to watchlist them?

An analysis of institutional ownership in penny stocks, as defined by those with market capitalisation below Rs 1,000 crore and share price below Rs 25, shows that FIIs hold over 10% stake in a dozen such counters. Out of them, 7 have given double-digit returns in FY24 so far.
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