Penny stocks are an investment that is done with the purpose of achieving the highest return. These are high-risk investments as the trading volume is low and hence they are illiquid in nature.
Here are 4 penny stocks that are held by the State Bank of India:
Consolidated Construction Consortium Ltd
The shares of Consolidated Construction Consortium ended in green at Rs 1.40 levels on Friday. The penny stock has been on a downward trend and shed approximately 16 percent in a month.
Consolidated Construction Consortium Limited (CCCL) is an integrated turnkey construction service provider which is engaged in construction design, engineering, procurement, construction, and project management.
The penny stock has a market capitalization of Rs 53 Crores. The State Bank of India holds a high stake of 29.35 percent in the company with a holding value of Rs 15.8 Crores. The promoters hold 15.16 percent and have pledged 77.99 percent of it.
Rajshree Sugars & Chemicals Ltd
The shares of Rajshree Sugars & Chemicals declined by more than 3.5 percent and ended the day at Rs 47.90 levels. In the past six months, the stock has gained more than 35 percent.
Rajshree Sugars & Chemicals Limited has interests across integrated fields such as Sugar, Distillery, Power, and Biotechnology. The company also has a presence in the green power sector.
The penny stock has a market capitalization of Rs 164 Crores. The State Bank of India holds a 9.36 percent stake in the company with a holding value of Rs 15.4 Crores. The promoters hold 40.66 percent and have pledged 100 percent of it.
Tamilnadu Telecommunications Ltd
The penny stock declined marginally and ended the session at Rs 6.90 levels. In the past six months, the shares have decreased by more than 12 percent.
Tamilnadu Telecommunications Ltd is one of the largest manufacturers of optical fibre cables in India. It has a diversified portfolio whose products range from the manufacture of state-of-art optical fibre cables.
It has a market capitalization of Rs 31 Crores. The State Bank of India holds a 9.30 percent stake in the company with a holding value of Rs 2.9 Crores. Meanwhile, the promoters hold 63.63 percent and haven’t pledged any shares.
MSP Steel & Power Ltd
MSP Steel & Power, saw its shares decline by 2.5 percent to close at Rs 9 on Friday. In the past six months, the stock has tumbled by more than 6 percent.
MSP Steel & Power Ltd stands as one of the country’s major steel companies. The company is present across the value chain of rolled long products, except captive iron ore and coal mines. Its clientele includes names like Bharat Heavy Electricals Ltd, Dilip Buildcon, and the National Highway Authority of India out of others.
The State Bank of India holds an 11.27 percent stake in the company with a total holding value of Rs 40.2 Crores. The promoters also hold a 41.62 percent stake and have pledged 100 percent of it. The market capitalization of MSP Steel & Power is Rs 356 Crore.
Written by Anoushka Roy
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