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4 Penny Stocks that have been trading upward over the past 5 consecutive days

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4 Penny Stocks that have been trading upward over the past 5 consecutive days

Due to their propensity to circulate more often, penny stocks are known to produce big returns in a short amount of time. Penny stocks have a share price of less than Rs. 100 and a market capitalization of less than Rs. 500 billion. Since they are high-risk ventures and frequently have zero or negative sales and earnings, these firms are typically covered by analysts.

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The following four penny stocks all touched the upper circuit in the past five days:

KCLI Projects Ltd.

The share price of KCL Infra Projects has increased from Rs 2.84 per unit on January 2 to the current level of Rs 3.96, representing a gain of more than 40% over the past six trading days. As it repeatedly hit a higher circuit, the stock increased.

Construction, property development, and infrastructure activities are the focus of KCL Infra Projects Ltd. The business furthermore offers consultancy services.

The firm has a 94 crore rupee market capitalization. The business recorded overall sales of Rs 6.33 Crore for Q2FY23 and a net profit of Rs 16 lakhs.

Inc. Adcon Capital Services

Adcon Capital Services’ shares soared by 27 percent and are now trading at Rs 3.60 levels on Monday after beginning the year at Rs 2.84 a share and repeatedly touching the upper circuit.

A Non-Banking Financial Company (NBFC), Adcon Capital Services Limited is in the business of making loans and advances, investing in the stock of other corporations, and offering other financial services.

The firm is worth Rs. 108 billion on the market. The business recorded total sales of Rs 5 lakhs for Q2FY23 but a net loss of Rs 28 lakhs.

Inc. Jai Mata Glass

The prices of the shares of Jai Mata Glass increased from Rs 1.15 at the beginning of the year to Rs 1.44 on Monday, achieving an upper circuit for the last six days and gaining more than 25%.

In the eastern and northern parts of India, Jai Mata Glass Ltd is involved in the glass industry and works as a sales agent to get orders. Patterned Glass, Elegant Frosted Glass (EFG), and the K Series, which includes Karishma, Kartier, Kasumi, Kemistry, Kingstar, Kohinoor, and Kretive, are all sold by the firm.

The firm is worth Rs. 10 crore on the market. The business recorded total sales of Rs 15 lakhs and a net profit of Rs 8 lakhs for Q2FY23.

Traditional Capital Markets Ltd.

The shares have increased about 27 percent so far this year after repeatedly reaching a 5 percent upper circuit. As a result, on Monday, the stock price was Rs. 27.75, up from Rs. 21.85 at the beginning of January.

Financial non-banking businesses are the focus of Standard Capital Markets Ltd. The organisation provides a variety of lending products, including personal loans, gold loans, working capital loans, and loan syndication.

The firm is worth Rs. 10 crore on the market. The business recorded total revenues of Rs 65 lakhs and a net profit of Rs 2 lakhs for Q2FY23.

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