Tuesday, 18 October 2016
In a simple post on this blog on 25th July 2016 titled Paper Stocks up next I talked about 3 paper stocks.
Star Paper, Kuantum Paper, Nirvikara (Name changed to Balrkishna)
Even though I expected upto 40% gain in these paper stocks, lets take a look how they have fared.
Star Papers closed at 59.85 on 25 July 2016 and made high of 138 on 13 October 2016.
Kuantum Paper closed at 202 on 25 July 2016 and made high of 433 on 13 October 2016.
Nirvikara (Balkrishna) closed at 44.15 on 25 July 2016 and made high of 119.75 on 13 October 2016.
Star Paper rallied 130%
Kuantum Paper rallied 115%
Nirvikara/Balkrishna rallied 170%
All this under 3 months... Wasn't the rally fast and furious guys?
I wrote about KM Sugar Mills being an interesting penny stock in the buzzing sugar sector on 31st May 2016 when the stock was trading at Rs 7. Today right now the stock is trading at Rs 22.55.
Stock is up 222% in since 31st May 2016.
Here is the link to KM SUGAR post
Hope readers are enjoying reading the blog.
KM Sugars proved to be a golden penny but always remember Penny Stocks might be injurious to wealth.