What is a good penny stock to buy?
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.
Fastest Growing Penny Stocks | ||
---|---|---|
Price ($) | EPS Growth (%) | |
Inhibikase Therapeutics Inc.(IKT) | 0.87 | 20 |
PAVmed Inc.(PAVM) | 0.22 | 46 |
Lucid Diagnostics Inc.(LUCD) | 1.31 | 14 |
- Remark Holdings Inc. [NASDAQ: MARK]
- SiNtx Technologies Inc. [NASDAQ: SINT]
- Agrify Corporation [NASDAQ: AGFY]
- Selina Hospitality PLC [NASDAQ: SLNA]
- Adaptimmune Therapeutics plc [NASDAQ: ADAP]
- Getty Realty Corp. (NYSE:GTY) ...
- Federal Realty Investment Trust (NYSE:FRT) Number of Hedge Fund Investors In Q3 2023: 15. ...
- Enerplus Corporation (NYSE:ERF) Number of Hedge Fund Investors In Q3 2023: 19. ...
- Matador Resources Company (NYSE:MTDR) ...
- Roblox Corporation (NYSE:RBLX)
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.
- GOTU4.030.38% Gaotu Techedu Inc.
- FSR0.810.04% Fisker Inc.
- KOPN2.340.50% Kopin Corporation.
- ATRA1.220.39% Atara Biotherapeutics, Inc.
- IGPK0.010.00% Integrated Cannabis Solutions, Inc.
- MARK0.600.09% Remark Holdings, Inc.
- BIEL0.000.00% BioElectronics Corporation.
- ABQQ0.000.00%
Name | Price | 1Y Return |
---|---|---|
GTL Infrastructure Ltd | ₹1.90 | 76.19% |
Vikas Lifecare Ltd | ₹6.80 | 66.28% |
FCS Software Solutions Ltd | ₹5.80 | 103.85% |
Sarveshwar Foods Ltd | ₹7.40 | 169.52% |
Stock Name | Market Cap (in Cr) | Share Price |
---|---|---|
Vikas Ecotech Ltd | ₹438 | ₹3.35 |
Comfort Intech Ltd | ₹252 | ₹7.81 |
Rajnandini Metal Ltd | ₹250 | ₹8.95 |
G G Engineering Ltd | ₹201 | ₹2.64 |
At best, penny stock companies are unproven and small, with dubious long-term prospects for success; at worst, the penny stocks are vehicles that con artists use to take advantage of unsuspecting investors. Many penny stocks are traded so cheaply because the businesses behind them aren't worth much more than that.
AMS | American Shared Hospital Services | $2.78 |
---|---|---|
BUKS | Butler National | $0.69 |
HNST | Honest Company | $1.66 |
IAUX | I-80 Gold | $2.45 |
MRMD | Marimed | $0.38 |
What stock is projected to skyrocket?
Stock | Implied upside over Jan. 17 close |
---|---|
Tesla Inc. (TSLA) | 39.2% |
Exxon Mobil Corp. (XOM) | 24.8% |
AbbVie Inc. (ABBV) | 11.1% |
Chevron Corp. (CVX) | 13.2% |
- Nvidia: 239% -- technology.
- Meta Platforms: 194% -- communications services.
- Royal Caribbean: 162% -- consumer discretionary.
- Builders FirstSource: 157% -- industrials.
- Uber: 149% -- industrials.
- Coinbase.
- Nvidia.
- DraftKings DKNG.
- Meta Platforms META.
- Palantir Technologies PLTR.
S.No. | Name | P/E |
---|---|---|
1. | Guj. Themis Bio. | 47.51 |
2. | Refex Industries | 12.34 |
3. | Tanla Platforms | 25.16 |
4. | M K Exim India | 20.80 |
Company | Industry |
---|---|
HDFC Bank | Banking |
Reliance Industries | Conglomerate |
Bajaj Finance | Financial Services |
Larsen & Toubro | Engineering and Construction |
"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.
Sure, some penny stocks turned out to be massive success stories, like Apple, Ford Motor, and Monster Beverage. Find a similar success story like those top penny stocks, and you stand to make a fortune. However, you have to be willing to do the research to find them in a sea of duds.
S.No. | Name | CMP Rs. |
---|---|---|
1. | Anjani Finance | 13.28 |
2. | Sita Enterprises | 41.58 |
3. | TCFC Finance | 55.20 |
4. | Garbi Finvest | 32.07 |
Company | CMP (Rs) | Dividend Yield (%) |
---|---|---|
TAPARIA TOOL | 3.1 | 1,013.1% |
ELCID INVESTMENTS | 3.4 | 741.8% |
OCL INDIA | 1.9 | 270.3% |
SOUTHERN GAS | 22.7 | 220.5% |
Quick profits: Very few traders own penny stocks because they believe in the company's long-term mission. Instead, it's a fast and cheap way to pile up profits, especially if you can locate pennies worth money. A well-timed penny stock trade can reap triple-digit gains in a very short time frame.
Can you double your money in penny stocks?
Penny stocks can double your money in a single trading day. Just keep in mind that the low prices of these stocks reflect the sentiment of most investors.
Sl No. | Stock Name | Market Cap (₹ Cr) |
---|---|---|
1 | Yes Bank Ltd | 46,584.19 |
2 | Indian Overseas Bank | 46,405.42 |
3 | Vodafone Idea Ltd | 37,726.76 |
4 | Suzlon Energy Ltd | 15,422.32 |
Penny stocks are typically issued by small companies and cost less than $5 per share. They can garner interest from some investors who want to get in close to a "ground floor" price. Penny stocks carry greater than normal risks, including lack of transparency, greater probability of loss, and low liquidity.
Read news articles about the stock, and check out analyst ratings. Plus, it's also beneficial to use tools like stock screeners and technical analysis. These are to help you find penny stocks that may be poised for a big move. You can also look into some more ways to conduct research.
Exposure to blue-chip stocks is essential, but not the formula to make millions. It's quality growth stocks and non-speculative penny stocks that can make millionaires by delivering multibagger returns.
References
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