“Penny Stock Boom Sparks 4,300% Gain in Indian Firm With No Sales”
August 28, 2020
“Retail investors’ frenzy over small stocks in India has reached such extremes that shares of some companies that aren’t booking any sales, let alone profits, are going through the roof.
These include Transglobe Foods Ltd., a fruit-jam maker that has skyrocketed more than 4,300% this year, and real-estate services firm Shree Precoated Steels Ltd., which has jumped over 1,300%. Both companies reported losses on no sales in the latest fiscal year…”
https://finance.yahoo.com/news/penny-stock-boom-sparks-4-230000159.html
Big risk, big reward. That’s how the game works. Maybe I should start looking into some Indian stock no joke.