While indices soared, 62 stocks on the BSE touched fresh 52-week highs while 28 scrips on the exchange were down with losses, reaching fresh 52-week lows.
Penny stock companies are either small businesses with little revenue or larger businesses in financial distress, hence they do not pay dividends. However, a small number of penny stocks pay dividends, and investing in dividend-paying penny stocks can help a penny stock portfolios total risk exposure.