This license would allow Infibeam Avenues to offer services to existing 18,000-plus billers, agent institutions and a network of million agents spread across 2,000 cities and towns in India.Įarlier this March, Infibeam Avenues said its platform BillAvenue reached one million agents across India and aims to reach five million agents by 2025. Infibeam Avenues obtained a renewal certificate for operating as a Bharat Bill Payment Operating Unit under BBPS from the RBI in December 2022.
Infibeam Avenues, the first ever fintech company to be listed on Indian stock exchanges, makes for an interesting penny stock to trade in on the back of the government’s push to strengthen the digital payments industry in India by further integrating prepaid payment wallets interoperability via the UPI ecosystem.
#LIST OF ALL PENNY STOCK NEWSLETTERS PC#
Investment in PC Jeweller should be made keeping in mind the underlying risks associated with the company. However, in the case of PC Jeweller, the combination of the wedding season, harvests and festivals concentrated in the two periods of April to June, and September to January should propel demand.Īccording to a World Gold Council report, it is this combination during the periods that jewelry demand picks steam. With gold prices rising, there is a muted sentiment for physical gold purchases which should translate to lower jewelry purchases. On a quarterly basis, PC Jeweller posted Q1 sales at INR 547.42 cr, Q2 sales at 897.58 cr and Q3 sales at 854.31 cr-a steady acceleration from previous erratic quarters. Its fall between 20 followed by a sea of problems including insider trading charges on the founder, his brother and children, along with their legal tussle with the State Bank of India over consecutive loan defaults and loan recall notices by four other banks has severely dented the company’s image.Īmid piling debt, a sliver of hope exists with the company posting better quarterly sales through FY23. No one could think a jewelry brand as large as PC Jeweller would slip in the penny stock category one day. Only the future will tell if one of the top names in India’s telecom industry will survive the test of time. The government taking a stake in the company is likely to aid Vodafone Idea to raise additional funds from banks, which have been wary in the absence of sovereign backing.ĭespite the odds, factors such as Vodafone Idea’s solid market capitalization of INR 317.3 billion, being backed by Indian billionaire KM Birla who recently rejoined the company board, and the government’s interest in saving a behemoth like Vodafone India from failing, work in favor of its potential revival. At an issue price of INR 10, the GoI now owns shares in Vodafone Idea worth INR 16,133.10 cr. In a major relief, the Government of India announced it would convert the interest dues that the company owed to the government into equity, a move that was pending since September 2021. Vodafone Idea is a classic penny stock, the future of which has been hanging in balance owing to the company’s humongous debt obligations amid fierce competition in the telecom sector in India. Stocks within the annual trading range of approximately INR 30 have been considered for this analysis. While investing in penny stocks, investors must remember one has to be diligent in their research and invest their entire corpus in a diversified manner to hedge against potential risks that come with higher return prospects of penny stocks.įorbes Advisor India analyzed the top 50 penny stocks listed on the Bombay Stock Exchange and the National Stock Exchange and chose the top penny stocks that could potentially help investors build wealth.
Hence, it is not necessary you would be able to make phenomenal returns when investing in penny stocks. Some penny stocks die out with time and may potentially get delisted resulting in losses. For instance, you may buy a penny stock at a very low price but may not find buyers when you wish to sell it. They are not frequently-traded stocks and often sudden bouts of market volatility determine the returns investors can potentially make on them.īeing low on liquidity, penny stocks could be quite risky to invest in. Penny stocks are stocks of small publicly-traded companies listed on stock exchanges for a price generally lower than INR 10.
0 kommentar(er)
