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It’s that time when penny stocks surge

Several micro-cap stocks, which remained either dormant or thinly traded for several months, have suddenly sprung back to life since the beginning of March despite various government agencies keeping a close watch on possible manipulation of listed stocks and availing of tax exemption on them later.

Market participants said the sudden surge in volumes may be be cause of transfer, or shift of profits from one book to another, which is the usual practice towards the end of every fina ..