Small stocks, big surge: Over 50 microcaps soar up to 5,500% despite market turmoil

“One could say that it is a mini-bubble in a group of penny stocks and one should be extremely careful not to get trapped with their core investment corpus in such stocks,” said Vikas Gupta, CEO at OmniScience Capital.

NACL Industries, Kothari Industrial Corporation, Midwest Gold, Gujarat Natural Resources, Naturite Agro Products, Relic Technologies, Jattashankar Industries, Lyons Corporate Market, Darjeeling Ropeway Company, Sparkle Gold Rock and Arunis Abode, which have seen their shares zoom up between 200% and 1,700% in the past 11 months, made losses in FY25. “Most people buy these stocks as there is expectation of large business sometime in future or unlocking of some “hidden” or underutilized asset, driving the prices upwards,” said Gupta. “Many traders buy on rumour in the hope of making money when the rumour is declared as an actual announcement.”

Read the full story here : https://www.msn.com/en-in/money/markets/small-stocks-big-surge-over-50-microcaps-soar-up-to-5-500-despite-market-turmoil/ar-AA1JaPZm?ocid=finance-verthp-feeds