Sensex 30 fell by as much as 1,176.46 points or 1.49% on Friday, December and settled at 78,041.59 at close of trade. Nifty 50 fell by a bigger margin – 1.52% or 364.20 points and settled at 23,587.50 points. Indian investors lost as much as Rs 18.43 lakh crore during the last week of trading.
In the past week between Monday and Friday, Sensex 30 dived 3,932.86 points while Nifty fell a whopping 1,115.50 points erasing a whopping amount of fortune from investors in the stock markets. Even in this market, penny stocks such as Mercury Ev-Tech, OK Play (India), Jaiprakash Power Venture attracted the attention of investors.
OK Play (India) Limited
OK Play India Limited is a microcap company 15.54% of which is owned by FIIs. Shares of OK Play India closed at Rs 17.20 on Friday, up 5% from its previous closing price of Rs 16.39. The 52-week high of this penny stock is Rs 21.50, while the 52-week low level is Rs 10.62. Its market cap is Rs 519 crore, ROCE is 10.5% and ROE is 2.07%.
The company is in the business of school furniture, infrastructure, toys, automotive products. Foreign institutional investors Promoters hold 53.86% stake while 30.61% is with non-institutional investors and mutual funds. In the past 1 month, shares of OK Play (India) have jumped by about 45%. In 6 months, the rise was about 23% while in the past 5 years it has given a multibagger return of more than 1,050% to investors.
Mercury Ev-Tech Ltd
This multibagger stock and has given a return of 25,000% in 5 years. Mercury EV-Tech shares gained 2.24% on Friday and closed at Rs 88.11. It opened at Rs 86.93 today, reached an intraday high of Rs 90.48 with an upper circuit of 5%. In 2019, Mercury Ev-Tech shares were at the level of Rs 0.3.
The 52-week high of this penny stock is Rs 139.20, while the 52-week low is Rs 64.32. Its P/E ratio is 571.68. The stock suffered a loss of more than 8% in the past one month, while in 6 months it rose 27%. Investors have made a profit of 25,751% in 5 years.
Jaiprakash Power Ventures Limited
Shares of JP Power Ventures Limited reached the upper circuit range after a 5% rise on December 19 and stock saw a day high price of 19.88. This share has been on an uptrend for the past few days. The Andhra Pradesh High Court has stayed the demand for a penalty of Rs 1334 crore against it.
The company is active in coal mining, sand mining, cement grinding and production of thermal and hydroelectric power. The company currently owns and operates three power plants with a total capacity of 2220 MW, a 2 MTPA cement grinding unit and a 2.8 MTPA coal mine.
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While the broad stock market indices have fallen by a massive 4.8% (Sensex 30) and 4.52% (Nifty 50) last week, a few penny stocks have been in focus. These include Mercury Ev-Tech, OK Play (India), Jaiprakash Power Venture. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
