Which penny stock is best?
They may look cheap compared to popular stocks such as Amazon or Apple, but often they're much more expensive, despite their lower price tag. Penny stocks are among the market's most dangerous stocks, so you may pay a much greater price than you first expect, including potentially losing all of your investment.
- Comfort Intech Ltd. © iStock. ...
- Svaraj Trading & Agencies. ...
- Indian Infotech and Software Ltd. ...
- Indian Overseas Bank. ...
- Vikas Ecotech Ltd. ...
- Earum Pharmaceuticals. ...
- Kenvi Jewels Ltd. ...
- Alok Industries Ltd.
Company / Stock Symbol | Volume / % Change |
---|---|
Telesis Bio Inc. TBIO | 70.27% 21,067,791 |
AXT Inc AXTI | 69.30% 102,580,306 |
EzFill Holdings Inc. EZFL | 37.60% 13,004,546 |
Monopar Therapeutics Inc. MNPR | 16.07% 60,783,257 |
- True Religion Jeans (used to trade under NASDAQ: TRLG) — The Defunct Penny Stock.
- Apple Inc. ...
- Ford Motor Company (NYSE: F) — The Fortune 500 Former Penny Stock.
- Turtle Beach Corporation (NASDAQ: HEAR) — Back in Penny Stock Land.
- Monster Beverage Corporation (NASDAQ: MNST) — The Surprising Mega Penny Stock.
- Bitfarms (BITF): Significant expansion in hash rate capacity will translate into stellar revenue growth and cash flow upside.
- Tilray Brands (TLRY): Diversified in the beverages segment and the cannabis business holds growth potential even without legalization.
Company | CMP (Rs) | Sales CAGR (3 yrs, %) |
---|---|---|
SPACEAGE PRODUCTS | 51.7 | 770.3% |
YASH MANAGE. | 16.9 | 682.0% |
ZODIAC VENTURES | 15.4 | 666.0% |
SELLWIN TRADERS | 15.0 | 634.4% |
They may look cheap compared to popular stocks such as Amazon or Apple, but often they're much more expensive, despite their lower price tag. Penny stocks are among the market's most dangerous stocks, so you may pay a much greater price than you first expect, including potentially losing all of your investment.
- Vikas Ecotech Ltd. Vikas Ecotech generated an impressive operating revenue of Rs. ...
- Comfort Intech Ltd. ...
- Rajnandini Metal Ltd. ...
- G G Engineering Ltd. ...
- Indian Infotech and Software Ltd. ...
- Genpharmasec Ltd. ...
- Accuracy Shipping Ltd. ...
- Goyal Aluminiums Ltd.
"Red hot penny stocks" - perhaps the most common example - is used by tipsters to indicate they have identified cheap stocks which they believe will very shortly increase dramatically in value.
Do penny stocks ever "go big"? Penny stocks can certainly "go big," but the problem is these parabolic moves are usually short-lived. Penny stocks frequently double or triple in price in short periods, but these companies usually have a very bleak 5-year chart.
Do people become millionaires on penny stocks?
I largely agree with this idea, but there are some millionaire-maker penny stocks that are worth holding for few years. If these stocks fire, the health of the portfolio can change within a few quarters. Of course, the risk of exposure to penny stocks is always high.
Company Name | LTP | % Change |
---|---|---|
Manali Petrochemicals | 72.85 | 1.53 |
Dish TV India | 23.75 | 2.81 |
Morepen Laboratories | 53.2 | 0.09 |
NBCC (India) | 146 | 4.89 |
It is possible to make money with penny stocks. Then again, it's technically possible to make money with any type of stock. Successful investors usually focus on the potential for their stock picks, regardless of price, to gain value over the long term. There are plenty of good reasons to invest in small companies.
It's rare for a penny stock to be a long-term buy-and-hold investment. The sector is built on short-term trades. If you notch a sizeable gain over a short period, book it now rather than waiting for bigger profits that may never materialize.
When technical analysis (TA) indicates a downturn: TA patterns can demonstrate when a penny stock has a higher likelihood of going lower; when your TA forecasts a fall in price, selling shares may help you escape further downside.
Penny stocks and OTC stocks have an average negative annual return of 24%. Over 90% of penny stocks fail.
S.No. | Name | NP Qtr Rs.Cr. |
---|---|---|
1. | Sical Logistics | 11.33 |
2. | SG Mart | 17.19 |
3. | Jai Balaji Inds. | 234.60 |
4. | Giriraj Civil | 1.60 |
Tata Motors share price has doubled in 2023, making it the only stock in the Nifty 50 index to achieve this feat this year. Tata Motors share price has doubled in 2023, making it the only stock in the Nifty 50 index to achieve this feat this year.
Once you find the stocks you want, buy where you think other traders will enter, know when to sell penny stocks, take quick profits, and adjust the stops for small gains that add up over time. You may get lucky and have a big win on occasion, but most of your money will come from these smaller trades.
Usually stocks priced under $10 are considered red flags, but that doesn't mean there aren't a few good ones. Stocks trading for less than $10 can be attractive for investors looking to scoop up some cheap shares. Unfortunately, quality stocks trading beneath the $10 mark are few and far between.
Why is it risky to buy penny stocks?
Although there is nothing inherently wrong with low-priced stocks, they are considered speculative, high-risk investments because they experience higher volatility and lower liquidity. For example, if you buy a penny stock and then decide you want to sell it, it could be more difficult for you to find a buyer.
Penny stocks tend to be much riskier than other stocks.
Plus, they are often shares of unproven companies, where there's a very real risk of losing your entire investment. In other words, they simply are not worth buying for most people who want to invest in the market to take a reasonable risk and build wealth.
Stock Symbol | Market Price Rs | 1-year Returns (%) |
---|---|---|
EICHERMOT | 3,000.05 | 21.08 |
ICICIBANK | 884.50 | 20.04 |
COALINDIA | 220.30 | 18.26 |
ULTRACEMCO | 7,643.00 | 14.54 |
- List of top 5 Stocks for 2024.
- HDFC Bank Ltd.
- Wipro Ltd.
- Titan Company Ltd.
- Hindustan Unilever Ltd.
- IRCTC Ltd.
- The Bottom Line.
Some professionals recommend that you devote no more than 10% of your individual stock holdings to penny stocks. It's also important to understand your risk tolerance. Generally speaking, the higher your risk tolerance, the more equipped you are to take on the risk that can come with investing in penny stocks.
References
- https://www.investopedia.com/updates/penny-stocks-risks-rewards/
- https://www.investors.com/news/best-stocks-2023-nvidia-stock-among-magnificent-seven-stocks-listed/
- https://www.nasdaq.com/articles/7-stock-winners-that-are-up-1000-or-more-in-2023
- https://www.cnbc.com/2020/01/28/what-the-rule-of-72-is-and-how-it-works.html
- https://www.investopedia.com/the-top-and-bottom-stocks-of-2023-8401434
- https://www.businesstoday.in/markets/market-perspective/story/8-wonders-of-dalal-street-these-stocks-double-your-money-every-four-years-312973-2021-11-22
- https://www.quantifiedstrategies.com/penny-stock-trading-strategies/
- https://www.5paisa.com/blog/5-best-stocks-to-invest-in-2023
- https://www.bankrate.com/investing/what-are-penny-stocks/
- https://uk.advfn.com/trading/red-hot-penny-shares
- https://www.fool.com/the-ascent/buying-stocks/articles/dont-buy-penny-stocks-do-this-instead/
- https://www.nbcnews.com/business/economy/what-expect-2024-economy-buying-house-inflation-recession-rcna130790
- https://www.howtomoney.com/lose-money-in-the-stock-market/
- https://www.reptileknowledge.com/reptile-pedia/how-much-money-do-i-need-to-invest-to-make-3000-a-month
- https://trendlyne.com/stock-screeners/price-based/top-gainers/3-month/index/BSE500/bse-500/
- https://investinghaven.com/forecasts/stock-market-crash-2024/
- https://blog.itreconomics.com/blog/what-will-world-look-like-after-2030s-great-depression
- https://www.kiplinger.com/investing/historical-stock-market-patterns-for-investors-to-know
- https://www.socialscienceregistry.org/versions/58319/docs/version/file
- https://money.usnews.com/investing/articles/best-long-term-stocks-to-buy
- https://www.screener.in/screens/355769/highest-return-in-3-months/
- https://time.com/personal-finance/article/us-stock-market-crashes/
- https://finance.yahoo.com/news/hot-picks-7-stocks-wall-185113054.html
- https://finance.yahoo.com/news/best-performing-stocks-2023-221436508.html
- https://www.uky.edu/~deberti/stock.htm
- https://www.linkedin.com/pulse/what-ten-year-rule-william-collins
- https://finance.yahoo.com/news/experts-7-safest-places-keep-130227410.html
- https://trendspider.com/learning-center/the-rule-of-90/
- https://smartasset.com/investing/how-to-invest-in-penny-stocks
- https://www.smallcase.com/collections/penny-stocks-in-india/
- https://www.quora.com/When-I-lose-money-in-the-stock-market-where-does-that-money-go-Does-it-just-disappear-into-thin-air-or-does-someone-else-get-it
- https://www.axiory.com/trading-resources/stocks/biggest-stock-gainers
- https://www.bankrate.com/investing/biggest-stock-market-crashes-in-us-history/
- https://www.5paisa.com/share-market-today/penny-stocks
- https://awealthofcommonsense.com/2023/01/the-best-worst-decades-to-be-a-saver-investor/
- https://www.barrons.com/livecoverage/stock-market-today-112723/card/mild-u-s-recession-forecast-for-2024-PYkGPFY3f9omL0PSAsqi
- https://www.madisontrust.com/information-center/visualizations/the-25-most-valuable-assets-ranked-by-market-cap/
- https://www.usbank.com/investing/financial-perspectives/market-news/is-a-market-correction-coming.html
- https://www.nasdaq.com/articles/3-magnificent-seven-stocks-billionaires-are-selling-and-the-1-they-cant-stop-buying
- https://medium.com/crypto-and-money/shocking-but-true-90-of-people-lose-money-in-stocks-9da95870cbe8
- https://www.fool.com/investing/stock-market/basics/crashes/
- https://www.angelone.in/knowledge-center/share-market/how-long-should-you-hold-a-stock
- https://www.tker.co/p/average-equity-holding-period
- https://medium.com/crypto-and-money/demystifying-the-3-5-7-rule-for-trading-success-3ded618e5879
- https://www.morningstar.com/stocks/3-top-growth-stocks-buy-hold-2024-2
- https://money.usnews.com/investing/articles/will-the-stock-market-crash-risk-factors
- https://www.bankrate.com/investing/stock-market-outlook/
- https://blog.stockedge.com/strategic-investments-the-top-5-stocks-for-2024/
- https://investorplace.com/2023/11/7-stocks-that-will-make-you-a-millionaire-in-5-years/
- https://www.nasdaq.com/articles/are-penny-stocks-worth-it-should-you-invest-in-penny-stocks
- https://finance.yahoo.com/news/10-stocks-1000-percent-150719409.html
- https://www.timothysykes.com/blog/most-successful-penny-stocks-in-history/
- https://www.screener.in/screens/355767/highest-return-in-6-months/
- https://www.morganstanley.com/ideas/are-we-in-a-bull-market-2024
- https://www.morningstar.com/stocks/top-performing-stocks-2023
- https://www.investopedia.com/financial-edge/0711/5-of-the-worlds-oldest-companies.aspx
- https://finance.yahoo.com/video/magnificent-7-stock-saw-biggest-152117674.html
- https://www.nasdaq.com/articles/hot-picks%3A-7-stocks-wall-street-expects-to-double-in-2024
- https://www.dummies.com/article/business-careers-money/personal-finance/investing/investment-vehicles/stocks/how-to-time-your-penny-stock-trades-165058/
- https://www.usatoday.com/money/blueprint/retirement/protect-your-401k-during-recession/
- https://www.cabotwealth.com/daily/stock-market/stock-market-performance-us-president
- https://finance.yahoo.com/u/yahoo-finance/watchlists/most-active-penny-stocks/
- https://www.usbank.com/investing/financial-perspectives/market-news/economic-recovery-status.html
- https://awealthofcommonsense.com/2023/02/buy-hold-is-dead-long-live-buy-hold/
- https://www.linkedin.com/pulse/what-11am-rule-trading-exness-in-india-cjfjc
- https://www.5paisa.com/share-market-today/stocks-to-buy-or-sell-today
- https://www.bankrate.com/investing/what-is-the-rule-of-72/
- https://www.nerdwallet.com/article/taxes/taxes-on-stocks
- https://fi.money/blog/posts/the-impact-of-significant-market-events-on-us-stocks
- https://www.allpennystocks.com/hotpennystocks/
- https://www.screener.in/screens/801676/6-months-double/
- https://www.bankrate.com/investing/best-short-term-investments/
- https://www.equitymaster.com/stock-screener/fastest-growing-penny-stocks
- https://finance.yahoo.com/news/stocks-usually-go-up-just-make-sure-to-give-it-20-years-morning-brief-101756237.html
- https://www.covenantwealthadvisors.com/post/understanding-stock-market-corrections-and-crashes
- https://investorplace.com/2024/02/7-millionaire-maker-penny-stocks-to-buy-in-february-2024/
- https://www.atbs.com/post/how-aggressive-should-i-be-with-my-retirement-plan
- https://www.finra.org/investors/investing/investing-basics/risk
- https://finance.yahoo.com/news/us-stocks-best-investment-over-233518772.html
- https://www.screener.in/screens/325238/fast-growing-stock/
- https://www.reuters.com/markets/us/sp-500-end-2024-with-small-gain-after-strong-2023-2024-02-22/
- https://www.screener.in/screens/300202/stocks-with-good-1-month-returns/
- https://www.indiainfoline.com/markets/hot-stocks
- https://finance.yahoo.com/news/10-best-stocks-invest-2024-200401023.html
- https://www.investopedia.com/financial-edge/0711/how-to-double-your-money-every-6-years.aspx
- https://www.fool.com/the-ascent/banks/where-put-money-recession/
- https://www.nasdaq.com/articles/2-stocks-to-buy-now-and-hold-for-5-years
- https://www.crews.bank/blog/rolling-10-year-returns
- https://www.cnbc.com/2023/08/21/penny-stocks-scam-millions-heres-why-theyre-so-dangerous.html
- https://smartasset.com/investing/is-the-stock-market-going-to-crash-in-2022
- https://www.investopedia.com/articles/basics/03/060603.asp
- https://money.usnews.com/investing/articles/best-investments-during-a-recession
- https://www.nasdaq.com/articles/3-smart-penny-stocks-with-huge-potential
- https://money.usnews.com/investing/articles/best-cheap-stocks-to-buy-under-10
- https://ndvr.com/journal/how-many-stocks-should-you-own
- https://www.pbs.org/wgbh/pages/frontline/shows/crash/etc/again.html
- https://www.screener.in/screens/355766/highest-return-in-1-year/
- https://www.investopedia.com/articles/investing/052216/4-benefits-holding-stocks-long-term.asp
- https://www.gmo.com/americas/research-library/entering-the-superbubbles-final-act_viewpoints/
- https://www.nerdwallet.com/article/investing/best-performing-stocks
- https://www.forbes.com/advisor/au/investing/bonds-vs-stocks/
- https://www.nasdaq.com/articles/3-millionaire-maker-penny-stocks-to-hold-for-36-months
- https://www.msn.com/en-in/money/markets/invest-wisely-with-top-8-penny-stocks-picks/ar-BB1iMqZ3?ocid=finance-verthp-feeds
- https://www.riskconcern.com/post/the-average-age-of-a-market-asset-bubble-how-long-does-a-bubble-last-on-average
- https://www.pbs.org/wgbh/pages/frontline/shows/dotcon/historical/bubbles.html
- https://www.accendomarkets.com/research/education/trading-rules/
- https://smartasset.com/investing/how-much-money-to-invest-in-stocks-per-paycheck
- https://www.mstock.com/articles/10-best-shares-to-buy-today-for-long-term
- https://www.screener.in/screens/264786/highest-returns-in-six-months/
- https://ragingbull.com/kb/how-to-make-money-with-penny-stocks/
- https://www.livemint.com/market/stock-market-news/tata-motors-share-price-doubles-in-2023-is-the-stock-still-buyworthy-11703831827466.html
- https://www.fool.com/investing/stock-market/types-of-stocks/penny-stocks/