People choose penny stocks because of the allure of potentially high returns, the ability to buy a large number of shares with a small investment, and the excitement of investing in companies that could experience significant growth.
However, due to the illiquidity of penny stocks, the stock can hit its assigned circuit levels with just a minor increase in the volume of trades. Even if the stock prices are within the usual buying range for the investors and offer enormous potential profits, penny stocks are quit dangerous for retail investors. So choose and invest wisely.
The Piotroski score is a discrete score that ranges between zero and nine reflecting nine different criteria used to determine a firm’s strength. It is used to determine stocks with the best value, with nine being the best and zero being the worst.
Saven Technologies
Saven Technologies Limited is engaged in the business of offering a range of software services from end-to-end development of new software and Web solutions, enterprise application services, to re-engineering and enhancement of legacy applications, application Integration, and ongoing maintenance
With a market capitalization of Rs. 63 Crores, the shares of Saven Technologies Limited were trading at Rs.57.40, up 2.50 percent from its previous day’s close price of Rs. 56.
Saven Technologies Limited has delivered a return of 56 percent in a year and has a healthy Piotroski score of 9.
It has reported a return on equity (ROE) of 22 percent, a return on capital employed (ROCE) of 29.4 percent, and a debt-to-equity ratio of 0.
Its Revenue from operations declined by 13 percent from Rs. 3.77 Crores in Q3FY23 to Rs. 3.27 Crores in Q4FY24, accompanied by profits of Rs. 93 Lakhs to Rs. 81 Lakhs
National Plastic Industries
National Plastic Industries Limited is engaged in manufacturing and exporting houseware products and plastic housewares. The product categories includes furniture, household accessories, evaporative air coolers, storage cabinet and many more.
With a market capitalization of Rs. 66 Crores, the shares of National Plastic Industries Limited were trading at Rs.72, up 0.06 percent from its previous day’s close price of Rs. 71.96.
National Plastic Industries Limited has delivered a return of 73 percent in a year and has a healthy Piotroski score of 9.
It has reported a return on equity (ROE) of 12.7 percent, a return on capital employed (ROCE) of 12.1 percent, and a debt-to-equity ratio of 0.90.
Its Revenue from operations declined by 20 percent from Rs. 32.76 Crores in Q3FY23 to Rs. 26.37 Crores in Q4FY24, accompanied by profits of Rs. 90 Lakhs to Rs. 98 Lakhs
Rasi Electrodes
Rasi Electrodes Limited is engaged in manufacturing arc welding electrodes and copper-coated mild steel (CCMS) wire used by engineering, chemicals, and other manufacturing industries. It also trades in the entire range of welding products and accessories.
With a market capitalization of Rs. 82 Crores, the shares of Rasi Electrodes Limited were trading at Rs. 26.40, up 1.81 percent from its previous day’s close price of Rs. 25.93.
Rasi Electrodes Limited has delivered a return of 82 percent in a year and has a healthy Piotroski score of 9.
It has reported a return on equity (ROE) of 11 percent, a return on capital employed (ROCE) of 13.5 percent, and a debt-to-equity ratio of 0.05.
Its Revenue from operations grew by 0.5 percent from Rs. 20.67 Crores in Q3FY23 to Rs. 20.75 Crores in Q4FY24, accompanied by profits of Rs. 99 Lakhs to Rs. 74 Lakhs
APM Industries
APM Industries Limited is engaged in the business of manufacturing and selling of man-made fibers, spun yarn, sewing thread, and many more.
With a market capitalization of Rs. 133 Crores, the shares of APM Industries Limited were trading at Rs. 61.20, down 0.44 percent from its previous day’s close price of Rs. 61.47.
APM Industries Limited has delivered a return of 20 percent in a year and has a healthy Piotroski score of 9.
It has reported a return on equity (ROE) of 13.3 percent, a return on capital employed (ROCE) of 16.8 percent, and a debt-to-equity ratio of 0.16.
Its Revenue from operations declined by 14 percent from Rs. 87.12 Crores in Q3FY23 to Rs. 74.94 Crores in Q4FY24, accompanied by profits of Rs. 4.64 Crores to Rs. 1.19 Crores
GP Petroleums
GP Petroleums Limited is engaged in formulating, manufacturing, and marketing industrial, and automotive lubricants, process oils, transformer oils, greases, Rubber Processes, Trading of Base Oil, Fuel oil, Bitumen, and other specialties
With a market capitalization of Rs. 318 Crores, the shares of GP Petroleums Limited were trading at Rs. 62.50, down 2.14 percent from its previous day’s close price of Rs. 63.87.
GP Petroleums Limited has delivered a return of 70 percent in a year and has a healthy Piotroski score of 8.
It has reported a return on equity (ROE) of 10.2 percent, a return on capital employed (ROCE) of 12.2 percent, and a debt-to-equity ratio of 010.
Its Revenue from operations declined by 16 percent from Rs. 184.08 Crores in Q3FY23 to Rs. 154.96 Crores in Q4FY24, accompanied by profits of Rs. 3.78 Crores to Rs. 6.47 Crores
Written by: Bharath K.S
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