Penny stocks - the only place for crazy gains. Works as a lottery most of the times, because it's impossible to know which company will get an outburst in it stock value and which one will fall down to the bottom of the list..
If i remember correctly:
RIL was hovering around 100 during 2k IT boom.
BHEL was around 150
ICICI bank was 25 before merger with ICICI main
Infy was 11K
all before split / bonus /rights
None of them was a penny stock & look at the appreciation.
You can make money literally sleeping with correct stocks :lol:
Even Buffet made serious money after he was 50 years old.
Nothing beats seeing your portfolio gaining a few lakhs at the market close.
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