News for Proseed India Limited (PROSEED.NS)

Stocks to watch: India Grid Trust, Reliance Ind, Adani Enterprises, YES Bank, Hero MotoCorp, etc.

The Nifty Realty index closed 2.27 per cent up at 428.25.

The Nifty Realty index was trading 0.06 per cent down at 423.75.

Among the major movers on the National Stock Exchange (NSE), agri-biotechnology firm Equippp Social Impact Technologies has emerged as the top gainer in the list.

Penny stocks have no set definition; nonetheless stocks with prices quoting in single digit and low m-cap are classified as penny stocks. These stocks pose a higher risk owing to some of their key attributes such as high debt, low promoter holding, poor dividend history, accumulated losses etc.

Holding of retail investors (individuals with up to Rs 2 lakh shareholding) in companies listed on NSE reached an all-time high of 7.18 percent as on June 30, 2021, from 6.96 as on March 31, 2021

Shares of Proseed India, a Hyderabad-based agri-biotech company, were relisted on May 20, 2021 on the bourses at Rs 1.40 per share. They had surged to Rs 18.33 as of Friday. Such has been the demand for the stock that in the last 51 sessions that it traded, it has hit the upper circuit limit every day!