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INDIAN PENNY STOCK PICK: Tata Teleservices

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Shares of Tata Teleservices (Maharashtra) hit the upper circuit limit of 20 per cent in Friday’s trade after the Delhi High Court approved a $1.2 billion settlement between promoter Tata Sons and NTT DoCoMo. The court rejected RBI’s objection and allowed the arbitration award settlement. Following the development, shares of Tata Teleservices (Maharashtra) jumped 20 per cent to hit a high of Rs 8.3 on BSE. 

View Full news here.
Penny Stocks are low value stocks and majority of companies belongs to Penny stock category are either Loss making companies or companies which lack Fundamentals and credibility.Investor sometime mistakes all low value company as penny stocks but this is not true.In most case the face value of company is Rs 10 but some company will reduce the face value to Rs 1 in that case their stock will also be 1/10 th of similar company which have face value of Rs 10.fo ex if company A has stock value of Rs 8 and face value Rs 10.Another company B has the same stock value of Rs 8 but its face value is Rs 1.In this case if we equate the face value of company B ie face value *10 and stock value also had to multiply by 10 so stock value become Rs 80 So in this case company B is not a Penny stock

Investment in Penny share category is a risky one as penny stock lack fundamentals and lot of manipulation and rumours will happen in that category

DISCLAIMER: These are just few parameters of a stock/index/commodity/options/futures selected by a computer program .In no circumstances it should be used or considered as an offer to sell or a solicitation of any offer to buy or sell the Securities mentioned in it. If you select any of these stocks for your trades or investment, you do so at your own risk and we are not responsible for any loss or damage arising from your decision. 
Location: Mumbai, Maharashtra, India

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