What penny stock made it big?
Speculative stocks aren't for the faint of heart. However, it remains true that penny stocks do make investors rich. They remain one of the quickest ways to multiply an investor's capital. If you can get past limited disclosures and liquidity issues, real money can be made by investing in penny stocks.
- Suzlon. ...
- Alok Industries. ...
- Jammu & Kashmir Bank. ...
- Reliance Power. ...
- Indian Overseas Bank. ...
- Bank of Maharashtra. ...
- Dish TV India. ...
- Morepen Laboratories.
Name | Price | Analyst Price Target |
---|---|---|
BLRX Bioline RX Ltd Sponsored ADR | $1.24 | $21.00 (1593.55% Upside) |
CLNN Clene | $0.43 | $7.00 (1527.91% Upside) |
PTN Palatin Technologies | $3.19 | $42.00 (1216.61% Upside) |
GMDA Gamida Cell | $0.36 | $4.00 (1015.76% Upside) |
- 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.
Speculative stocks aren't for the faint of heart. However, it remains true that penny stocks do make investors rich. They remain one of the quickest ways to multiply an investor's capital. If you can get past limited disclosures and liquidity issues, real money can be made by investing in penny stocks.
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% |
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 |
- ALTM4.810.16% Arcadium Lithium plc.
- MPW3.840.15% Medical Properties Trust, Inc.
- HBI4.810.17% Hanesbrands Inc.
- NKLA0.760.06% Nikola Corporation.
- FSR0.590.05% Fisker Inc.
- AXTI3.861.58% AXT, Inc.
- WHEN0.000.00% World Health Energy Holdings, Inc.
- OCEA1.571.02% Ocean Biomedical, Inc.
- HDFC Bank Ltd. Company Overview. Key Growth Factors. Case Study on HDFC Bank.
- Wipro Ltd. Company Overview. Key Growth Factors. ...
- Titan Company Ltd. Company Overview. Key Growth Factors. ...
- Hindustan Unilever Ltd. Company Overview. Key Growth Factors. ...
- IRCTC Ltd.
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.
How long should you hold onto penny stocks?
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.
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.
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.
Marvell Technology, Inc. (NASDAQ:MRVL), Roblox Corporation (NYSE:RBLX), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and Fidelity National Information Services, Inc. (NYSE:FIS) are some top stocks with explosive potential.
- Rocket Lab USA (RKLB) Source: OleksandrShnuryk / Shutterstock.com. ...
- Chegg (CHGG) Source: Casimiro PT / Shutterstock.com. ...
- TransMedics Group (TMDX) Source: aslysun / Shutterstock.com. ...
- Planet Labs (PL) ...
- ChargePoint Holdings (CHPT) ...
- Digital World Acquisition Corp (DWAC)
S.No. | Name | ROCE % |
---|---|---|
10. | Waaree Renewab. | 83.80 |
11. | Piccadily Agro | 12.80 |
12. | GE T&D India | 7.53 |
13. | K.P. Energy | 51.15 |
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.
- Here are top 10 stock ideas for your 2024 portfolio:
- 1) Greenply Industries. ...
- 2) Cyient. ...
- 3) Kotak Mahindra Bank. ...
- 4) Paushak. ...
- 5) Wonderla Holidays. ...
- 6) Pitti Engineering. ...
- 7) NMDC.
- 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.
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.
How do you find penny stocks before they explode?
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.
Today, we'll take a look at some top money making stocks, with the outperformers being Apple Inc. (NASDAQ:AAPL), Waters Corporation (NYSE:WAT), and Marriott International, Inc. (NASDAQ:MAR).
S.No. | Name | CMP Rs. |
---|---|---|
1. | Sical Logistics | 268.05 |
2. | SG Mart | 570.15 |
3. | Jai Balaji Inds. | 1194.55 |
4. | Giriraj Civil | 630.00 |
- Stock to buy today: NCC (₹170.70): BUY.
- Stock to buy today: EIH (₹265.55): BUY.
- Stock to buy today: VIP Industries (₹652.90) – BUY.
- Stock to buy today: Star Cement (₹165): BUY.
- Stock to buy today: Sunteck Realty (₹450.60): BUY.
- Stock to buy today: KPR Mill (₹776): BUY.
- Stock to buy today: IFB Industries (₹892.60)
"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.