Penny Financial News

Deputy Prime Minister and Defence Minister Richard Marles along with Foreign Affairs Minister Penny Wong visited and laid a wreath at the National War Memorial in Delhi on Monday. Earlier today, Australian Foreign Minister Penny Wong arrived in the national capital to participate in the second India-Australia 2+2 Ministerial Dialogue. She was accorded a warm welcome at the Air Force Station, Palam, in New Delhi. «A warm welcome to FM @SenatorWong of Australia as she arrives in New Delhi to co-chair the 2nd India-Australia 2+2 Ministerial Dialogue and the 14th Foreign Ministers' Framework Dialogue.

Toyam Sports jumped 5% upper circuit to hit the day's high of Rs 6.61 on the BSE in Wednesday's trade following the announcement of its sports web series, ‘Kumite 1 Warrior Hunt’ making an official entry to the Kenya International Sports Film Festival (KISFF). The web series is slated for screening at the premier African film festival on October 29, 2023, in Nairobi, Kenya, the company informed in its filing to the exchanges. The above development was announced by Toyam Sport on Tuesday minutes before the market closing time and it triggered a strong movement as the counter hit the upper circuit of Rs 6.30.

Terra Classic price has seen LUNC surge +5%, as Terra community members deliberate on two crucial proposals set to shape the future of the Terra Classic ecosystem.

copyright row between the popular photoblog Humans Of New York and its Indian replica Humans Of Bombay seems to have escalated further. Brandon Stanton, the founder of Humans Of New York, recently took a dig at the desi version. Taking to X (formerly Twitter), the writer-photographer made an oblique reference to an “ongoing court case involving my work, but which thankfully doesn't involve me,” referring to the copyright infringement row, and then went on to call out Humans Of Bombay for commercialising the art of storytelling. “For the last thirteen years I haven't received a penny for a single story told on Humans of New York, despite many millions offered. All my income has come from books of my work, speeches I have given, and Patreon,” he tweeted. He then pointed out that when art becomes solely for profit, it becomes a product. “Beautiful art can make money, there is nothing wrong with that. But when art begins with a profit motive, it ceases to become art. And becomes a product,” he wrote. Many X users came out in support of the author and also heavily censured Humans Of Bombay CEO Karishma Mehta. “The difference between @humansofny & @HumansOfBombay is comically dystopian. Brandon could have easily been a billionaire by now. He only «monetizes» his HoNY fame to raise funds for others. Karishma is aggressively & arrogantly entitled about wanting to make a lot of money,” wrote an X user. Meanwhile, the X handle of the Mumbai-based photoblog has reached out to Stanton. In a post, it claimed that the suit was related to IP (Intellectual Property) and not storytelling.

Penny stock under ₹10: Vikas Ecotech shares witnessed huge buying interest since early morning deals and finally locked-in 10 per cent upper circuit on Thursday session. Vikas Ecotechshare price today opened upside and went on to hit 10 per cent upper circuit after climbing to intraday high of ₹4.45 per share levels on NSE. Vikas Ecotech has informed Indian bourses that its share allotment committee has allotted shares durring its board meeting to consider applications received for the fund raise drive via QIB route.

Penny stock under ₹5: GG Engineering is a small-cap stock with a market cap of little over ₹102 crore. The penny stock is one of the news maker shares on Monday as board of directors of the company have approved fund raise to the tune of ₹99 crore through issuance of fresh issues on preferential basis.

Small-cap stock below ₹10: Vikas Lifecare shares are one of the penny stocks under 10 rupees and the small-cap stock may have more stock float in coming times. The board of directors of the penny stock under ₹10 has approve issuance of additional 10 crore warrants convertible into equities on preferential basis. The preferential shares have been price at ₹4 per share, which is currently available at a premium of near 7 per cent as Vikas Lifecare share price today is ₹4.30 apiece on NSE.

Small-cap stock under ₹5: The board of directors of this penny stock below ₹5 has approved fund raise via issuance of preferential issue. The small-cap board in its scheduled meeting on Thursday declared fund raise not exceeding ₹34 crore through issuance of fresh warrants on preferential basis. The preferential issue price has been fixed at ₹3.40 per equity share.

Small-cap stock under Re 1: Visagar Financial Services shares are one of the circuit to circuit stocks on Dalal Street that has been hitting upper circuit for the last three straight sessions. The penny stock below Re 1 today opened with an upside gap and went on to hit an intraday high of ₹1.01 apiece on BSE, hitting upper circuit within minutes of stock market's opening bell today.

Small-cap stock under ₹5: Shares of Advik Capital have been in uptrend since early morning deals. The small-cap penny stock under ₹5 today opened with an upside gap and went on to hit intraday high of ₹2.45 apiece levels on BSE, hitting 5% upper circuit within few minutes of stock market opening.

₹5: Small-cap stock Godha Cabcon has been in strong uptrend for the last five straight sessions. This circuit to circuit stock has been finding no seller for the last five days after the small-cap stock under ₹5 informed Indian stock market exchanges about receiving an order worth ₹56.60 crore.

Penny stock under ₹5: Despite weak sentiments on Dalal Street, Vikas Lifecare shares have been in uptrend since early morning deals on Monday. The small-cap stock with a market cap of ₹546 crore today opened upside and went on to hit intraday high of ₹3.80 apiece levels on NSE, logging near 12 per cent during Monday deals.

Narendra Modi on Monday said there was an era of «corruption and scams» before 2014 and the rights of the poor and their money were robbed, but now every penny is reaching into their accounts directly. The data shows an increasing number of people are paying taxes, which shows their faith in the government that their money is being put to good use, Modi said. He was virtually addressing the training-cum-orientation programme of newly appointed teachers at the CM Rise Government Mahatma Gandhi Higher Secondary School in Madhya Pradesh capital Bhopal.

Raquel Leviss, now known as Rachel, has been talking about Scandoval. The Vanderpump Rules actor is complaining that Bravo and her co-stars benefited from the scandal and that she has not seen any monetary gains from it. “The network (Bravo) is running to the bank — like, laughing, running to the bank with this scandal — and I haven’t seen a single penny,” said Raquel. She was speaking on Bethenny Frankel’s podcast ‘Just B’ on August 16. The actor alleged that it was “exploitation”. Getting emotional, she said, “It’s not fair. And I feel like a toddler saying, ‘It’s not fair!’ But it really isn’t. And I feel like I’ve been portrayed as the ultimate villain. My mistakes that I’ve made on-camera live on forever.”

Small-cap multibagger stock below ₹100: Servotech Power shares are one of the multibagger stocks that Indian stock market has produced in last 2023. In fact, in last one year, this small-cap stock below ₹100 has risen from around ₹2.50 to ₹86 apiece levels on NSE, logging over 3300 per cent rise in this time. So, the penny stock turned a multibagger penny stock in last two years, turning ₹1 lakh of its positional investors to ₹34 lakh in mere two years time.

By Medha Singh

Small-cap stock below ₹5: GG Engineering shares are one of the newsmaker scrips in stock market today. The penny stock has attracted foreign institutional investor's attention as Mauritius-based FII Vikas Global Fund PCC has bought fresh stake in the small-cap stock priced below ₹5. The FII bought 45 lakh company shares paying ₹1.40 per share.

Penny stocks are often treated like 'kachra' stocks by matured investors who happily ignore all get-rich-quick schemes. However, one can't help but take notice when foreign institutional investors or FIIs are also investing in such penny stocks. An analysis of institutional ownership in penny stocks, as defined by those with market capitalisation below Rs 1,000 crore and share price below Rs 25, shows that FIIs hold over 10% stake in a dozen such counters.

Small-cap stock below ₹5: Vikas Ecotech shares have been in uptrend since early morning deals. Vikas Ecotech share price today opened flat but soon attracted buying interest by Indian stock market bulls.

In perhaps the shortest stint as a senior investment banker, Adam Penny is leaving JPMorgan to return to Westpac. He only left Australia’s fourth-largest bank, where he was head of M&A, in April 2021.

penny stock is a relatively low-price stock which has a low market capitalisation. In India, stocks that trade under Rs.10 fall in this category. 2.