Usually, penny stocks are the least expensive. Market capital will also be below. They will say that these stocks are risky. But even better stocks can make a good profit.

The best example of this is the role of the penny. There will be no major change in these. It is enough to invest a small amount. 

For example, if you want to buy reliance Industries shares today, you will have to pay Rs 2,408 per share.

Sharad Pipers position

But the current price of Sharad Fibers, a penny stock, is 12.72 rupees. Even if the price of one share is 13 rupees, you can buy 184 shares for 2400 rupees.

180 shares will be available here instead of one reliance share. But the position of reliance is different. The position of this company is different.

So you should buy these penny stocks as quality stocks. Not all stocks can be bought as the price is low.

Fluctuations in the corona period

Proseed india is the penny stock that made such a profit in that way. Stock markets plummeted amid Corona's onslaught internationally. The shares of many companies fell the worst during that time.

But even then some stocks gave good returns. Even stocks that thought why all this would not work were bullish at the time. Most stocks saw a sharp decline in March, but then touched a 52-week high in the months that followed. This list also includes some penny stocks.

Proseed india Stock Status

Proseed india is a multibacker penny stock. Over the last six months, the share price of this biotechnology company has touched the next level. The share price has increased 56.50 times during this period alone.

Decline in profit-booking

The price of this stock has come under slight pressure due to profit booking over the last one month. It has been reduced from 103 rupees to 82 rupees. As of May 20, 2021, the share price was 1.45 rupees. 

As of december 2, 2021, the share price is 82 rupees. So in these six months alone, there is a 5550% increase.

Level of investment

1 lakh in the last six months on this share. If we had invested at the level of 1.90 rupees, today it is worth Rs. 43 lakhs. If the same was done at the level of 1.45 rupees more than 56 lakh rupees.

Opportunities like this are rare. If you get such an opportunity, you should know about the company fully and then make a decision.