65,000% in a year! How long before the penny stock bubble bursts?

Shares of 200 obscure penny and micro-cap companies surged up to 65,000% in the past year. This rise reflects heightened investor interest despite these firms having limited earnings. Sri Adhikari Brothers Television’s stock rose from ₹3 to ₹2,198. Sebi has suspended Bharat Global Developers’ trading due to financial statement misrepresentation.