Penny Stocks:Penny stocks are full of risks. However, due to their low price, such stocks attract investors a lot. The penny stocks we are talking about today have seen a strong rally in five days. Let us tell you that in five days, this stock climbed up to about 63%. Let us tell you that five days ago the price of this stock was Rs 3.87. This stock belongs to India Steel Works Ltd. The stock of India Steel Works Ltd rose by 8% last Friday and reached an intraday high of Rs 6.29. This is also its 52-week high price. BSE had also sought clarification from the company regarding this rise in the shares, on which the company has said that the fluctuations in its stock are entirely based on the market on which the company depends, there is neither any control nor any information about the reasons.

The price was once Rs 73

Let us tell you that the stock of India Steel Works Limited is seeing tremendous buying today and is giving great returns. It has climbed 65% in six months and 15% so far this year YTD. This stock has climbed up to 180% in a year. During this time its price increased from Rs 2 to the current price. In the last five years, the company's shares have climbed up to 1300%. However, once the price of this stock was Rs 73. Let us tell you that on 4 August 1995, the price of this stock was Rs 73. That is, from then till now it has fallen by a massive 91%.

What is a Penny Stock?

Penny stocks are stocks in the stock market that are available for very low prices. These low prices are attractive which leads many investors with less capital availability to invest in such stocks. Penny stocks have high volatility. The vast majority of penny stock traders start with small amounts. A person with Rs 10,000 can buy only three or four shares of a blue-chip company. They can buy thousands of penny stock shares for the same amount. Not all penny stocks change rapidly in price.