Penny stock alert! RattanIndia Power shares zoomed 45% in 5 sessions; is it time to book profit?
Shares of RattanIndia Power Ltd continued their strong upward move for the fifth straight session on Wednesday’s trade. The penny stock jumped 12.71 per cent to hit a high of Rs 16.14. At this price, it has ascended by 45.28 per cent in just five trading days.
The counter recorded heavy trading volume today, accompanied by significant price action. Around 3.38 crore shares changed hands today at the time of writing this story, higher than the two-week average volume of 94.44 lakh. Turnover on the counter came at Rs 52.98 crore, commanding a market capitalisation (m-cap) of Rs 8,500.88 crore.
Exchanges BSE and NSE have sought clarification from the company over the share price movement. The company, in response, said, “We wish to…
