Jonjua These penny stocks gave upto 66
Last week, the biggest gainer in the broader market was in the shares of Jonjua Overseas. Gave 66% return in this stock. After this, the shares of Vaard Ventures and Dipna Pharmachem gained 55 per cent. Madhav Infra Projects, a Rs 6 share, gave 40 per cent return to its investors last week. About 30 penny stocks rallied in the range of 20 to 30 per cent last week. In FY2023, 66 penny stocks gave multibagger returns, while the benchmark Sensex gave negative returns of two per cent during this period.
What should investors do?
The overall market is looking positive for the coming week. Experts say that the market is moving towards fresh record high. However, market participants will keep an eye on the monsoon trend and other macroeconomic trends during this period. Pravesh Gaur, Senior Technical Analyst, Swastik Investment, said that the market will keep an eye on the progress of monsoon. The Meteorological Department has predicted it to be normal this year. Although this year it has been delayed by 10 to 13 days.