Penny stocks vs high-priced stocks: Which ones are hidden gems?

Misconceptions about the stock market often cause investors to miss out on opportunities. High-priced stocks surge to new heights, providing substantial returns, whereas penny stocks frequently lead to losses. Investors should recognize that a stock’s price does not always correlate to its valuation and look at the underlying fundamentals. Retail investors should adopt a long-term perspective when analyzing high-priced stocks and focus on diligent research to identify potential opportunities. The Nifty is likely to continue its uptrend as long as it trades above the 20 DEMA, but Bank Nifty is facing resistance at the 44200 zone.