Gravity India Limited: Traders looking for penny stock generally tends to ignore Stock price below Rs 10, however it would be a loss making mistake to do so, because you haven’t seen the perfomance of this penny stock which have registered around 20% return today, in few hours to be precise and then stablises.
Penny Stock Valued Under Rs.10 Hitting Upper Circuit
In Monday Market, the Penny Stock of gravity India Ltd. have managed to gain an upper circuit and valued at 7.28 Rs from 6 Rs in just 3 hours.
The increase accounts for 19.93% of returns within a day.
With this Gravity India Ltd shares have became Buzz Maker among the intraday investors.
Important Pointers for Penny Stock Investor
All the technicals are backbone to analyse a penny stocks, they are the most important information that a investor can’t miss.
The Gravity India Ltd. Has managed on net sales at 0.1 0 crore which was down by 88.09% year on year basis.
However, Gravity India Ltd. As of now is having strong momentum where price of stocks currently traded are higher than short medium and long term averages.
With the positive break out third resistance, Gravity India Ltd. has good opportunity to grow for themselves as well as for their stock traders.
In MoneyControl forum the investors are having their doubts on the stock being manipulated and operator driven, however as of now SEBI haven’t conducted or issued any notice towards the Gravity India Ltd.
Performance of Gravity India Penny Stocks Over the Time Period
Price wises the Gravity India Ltd. as always given a a positive Returns to its investor over past week (48.27%), past month (70.89%), past 3 month (65.45%), past year (93.62%) and past 3 years (75%).
Volume wise the stock is being traded (NSE+BSE) at 75K traded volume today indicating up train in both Week and Month Average of Traded Volume.
Gravity India Ltd. has witnessed positive Returns in November in 12 out of 24 years.
Overall, Gravity India Ltd. penny stocks which were valued under 10 rupees have seen a rice of 20% in just few hours making it as one of the valuable intraday trades today. No wonder it has post the traded volume of the stocks in both BSE and Nifty. However, these stocks are still value under Rs 10.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Gravity India Limited
Penny Stocks
