Penny stock under ₹5 hits upper circuit for 43rd day in a row; do you own?
Avance Technologies, a penny stock trading below ₹5, has caught market attention after continuously hitting the upper circuit for 43 sessions in a row. The stock has been consistently locked in the 2% daily upper limit, reflecting strong investor activity and sustained buying interest. Despite being categorized as a micro-cap company, its unusual rally has made it a popular name among small investors seeking quick gains. Market experts caution that such sharp, continuous price movements in low-value stocks often carry significant risks due to limited liquidity and high volatility. While the stock’s momentum-driven surge may look attractive in the short term, analysts advise investors to carefully evaluate fundamentals before investing. The remarkable rally highlights the speculative nature of penny stocks, which can deliver massive returns but also carry the risk of sudden corrections. Investors are urged to track market updates and exercise caution before making entry decisions.
The Key points
- Avance Technologies trades under ₹5 per share.
- Stock hit upper circuit for 43 consecutive sessions.
- Locked daily at a 2% price gain limit.
- Strong retail investor interest driving momentum.
- Categorized as a micro-cap company in markets.
- Rally highlights speculative nature of penny stocks.
- Experts caution against volatility and liquidity risks.
- Investors advised to review fundamentals before buying.
- Stock surge reflects short-term momentum buying trend.
- Continuous rise raises concerns of potential correction.
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