Penny and micro-cap stocks have surged dramatically, with over 200 companies seeing increases between 300% and 65,000% in the past year, despite many having minimal earnings. The Securities and Exchange Board of India has suspended trading in Bharat Global Developers due to financial misrepresentation, highlighting concerns over speculative trading and price manipulation in the market. Retail investors, often driven by FOMO and unverified tips, are increasingly at risk as the frenzy mirrors the pre-2007 financial crisis excitement.
