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6 Penny stocks gain up to 35% in a week

Updated at : 2023-12-31 15:40:03

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​In a year when the key equity benchmarks scaled new highs and rallied nearly 20 per cent making investors richer by close to Rs 82 lakh crore, IPO investors laughed all the way to the bank as 55 of the 59 issues gave them handsome returns of 45 per cent on average.

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​The Indian market snapped a 5-day winning streak to close in the red on Friday as investors preferred to book profits at higher levels.

​As the investment universe gets ready to bid adieu, all signs point to the popularity and acceptance of cryptocurrencies getting bigger and better in 2024.

​There are a host of corporate actions scheduled for this week. Nestle India, Pearl Global Industries, and Indian Link Chain Manufacturers will trade ex-split, while Allcargo Logistics and M Lakhamsi Industries will trade ex-bonus this week.

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​In the ever-evolving world of IPOs, the year 2023 has been a tale of two halves. The primary markets experienced a dry and slow first six months, only to witness a significant surge in new stocks going public in the latter part of the year.

Macro factors that investors should track in 2024

Updated at : 2023-12-31 12:20:02

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​The 2023 global macro backdrop was less hostile for India than thought out at the start of the year. Global growth is tracking nearly 1% pt. higher than envisaged at the start of 2023.

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