News for Kaiser Corporation Limited (KACL.BO)

In the Nifty 50 index, 33 stocks were trading in the green, while 17 stocks were trading in the red.

Around 650+ firms including Hindalco Industries, Samvardhana Motherson International, GMR Airports Infrastructure, Hero Motocorp, Apollo Hospitals Enterprises, Muthoot Finance, IRCTC – Indian Railway Catering & Tourism Corp, FSN E-Commerce Ventures Nykaa, SJVN, Max Financial Services, Gujarat Fluorochemicals Limited, Endurance Technologies, Ipca Laboratories will declare their Q1 results today. Find here the full list of companies announcing their earnings on Tuesday.

Q1 Results Today: Leading the charge is IRCTC, which will offer a glimpse into the travel and tourism sector’s perceived rebound. Hindalco Industries’ performance will be closely watched for insights. Nykaa’s results will provide a snapshot of the e-commerce and beauty industries.

Neelesh Surana, CIO, Mirae Asset Investment Managers (India) said there are pockets of excess in the markets, although the overall market is reasonable.

In the Nifty pack, 21 stocks closed in the green, while 28 stocks ended in the red.

In the Nifty pack, 27 stocks were trading in the green, while 23 stocks were trading in the red.

In the Nifty pack, 10 stocks closed in the green, while 40 stocks ended in the red.

In the Nifty pack, 16 stocks closed in the green, while 34 stocks ended in the red.

In the Nifty pack, 7 stocks were trading in the green, while 43 stocks were trading in the red.

In the Nifty pack, 45 stocks closed in the green, while 5 stocks ended in the red.

The stocks are Kaiser Corporation, Hemang Resources, Alliance Integrated Metaliks, KBS India, Sonal Adhesives, Beekay Niryat and Ashnisha Industries.

With a gain of 1,981 per cent, Kaiser Corporation stood as the top gainer in the list. Shares of the company surged to Rs 58.05 on December 5, 2022 from Rs 2.79 on December 31, 2021

As we move into Samvat 2079, examine whether the current market environment is conducive for picking penny stocks.

Ambar Protein Industries and IKAB Securities & Investment also rallied 2,636 per cent and 1,847 per cent respectively during the period. Gensol Engineering also rose 1,637 per cent during the same period, the data suggest.

An inclusion of select little-known stocks from the broader space has managed to add spark to investors' portfolios despite the tepid performance of the benchmark equity indices since Diwali last year. Data available with Ace Equity showed that as many as 14 stocks in the smallcap space have soared over 1,000 per cent since November 4, 2021. On the other hand, Sensex and Nifty have plunged nearly 3 per cent during the same period.

Investing in penny stocks can be tricky. It could backfire in most cases if proper research is not carried out.

Amid the ongoing volatility in the domestic equity market, select little-known stocks from the broader markets have managed to deliver a stupendous return to investors since the beginning of the ongoing calendar year.

A general trend is that most of the multibaggers in the list are from smallcap space, where there is more room for them to grow. Among better-known names that have surged multifold in the period are NDTV, DB Realty, Ugar Sugar Works, Triveni Glass and Gujarat Mineral Development Corporation.

Penny stocks have no defined theoretical definition. However, stocks in single digits or below Rs 10 are bracketed in this club. In this study, companies with a market cap of less than Rs 1,000 crore at the end of 2021 have been considered.