What's a good penny stock to buy?
"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.
- Sunshine Capital Ltd. ...
- Standard Capital Markets Ltd. ...
- G G Engineering Ltd. ...
- Globe Textiles (India) Ltd. ...
- Growington Ventures India Ltd. ...
- Aakash Exploration Services Ltd. ...
- Debock Industries Ltd. ...
- Kenvi Jewels Ltd.
- BTG2.860.12% B2Gold Corp.
- NKLA1.020.07% Nikola Corporation.
- OCGN1.830.32% Ocugen, Inc.
- MDIA3.882.48% MediaCo Holding Inc.
- LTNC0.010.00% Labor Smart, Inc.
- HCMC0.000.00% Healthier Choices Management Corp.
- AITX0.000.00% Artificial Intelligence Technology Solutions Inc.
- JAGX0.080.01%
- Loop Media Inc. [AMEX: LPTV]
- Verb Technology Company Inc. [NASDAQ: VERB]
- LianBio [NASDAQ: LIAN]
- Aclarion Inc. [NASDAQ: ACON]
- Velo3D Inc. [NYSE: VLD]
S.No. | Company | Industry/Sector |
---|---|---|
1. | Tata Consultancy Services Ltd | IT - Software |
2. | Infosys Ltd | IT - Software |
3. | Hindustan Unilever Ltd | FMCG |
4. | Reliance Industries Ltd | Refineries |
Company | CMP (Rs) | Sales CAGR (3 yrs, %) |
---|---|---|
BRONZE INFRA | 1.0 | 1,119.9% |
SPARC SYSTEM | 19.9 | 916.9% |
SEACOAST SHIPPING SERVICES | 4.2 | 835.7% |
SHREE GLOBAL TRADE | 35.3 | 774.7% |
- Vikas Ecotech Ltd.
- Comfort Intech Ltd.
- Rajnandini Metal Ltd.
- G G Engineering Ltd.
- Indian Infotech & 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.
Just like mid and large cap stocks, there is no limit to how high a penny stock can go. Many massive, well-established companies were once trading for less than $5 per share.
Symbol | Company Name | Change |
---|---|---|
KTRA | Kintara Therapeutics Inc. | 0.0636 / 63.3500% |
CISS | C3is Inc. | 0.0099 / 24.2100% |
NKLA | Nikola Corporation | -0.0818 / -8.4000% |
EGOX | Next.e.GO N.V. | 0.0079 / 30.3800% |
Which is the cheapest and best stock to buy?
Stock Name | Market Cap | Closing Price |
---|---|---|
Chadha Papers Ltd | 8.93 | 8.75 |
Swastik Safe Deposit and Investments Ltd | 0.28 | 11.73 |
Gold Rock Investments Ltd | 0.86 | 11.02 |
Siddha Ventures Ltd | 10.24 | 10.24 |
Stock | Implied upside from March 15 close |
---|---|
Korea Electric Power (KEP) | 7.6% |
Aegon Ltd. (AEG) | 12.8% |
Arcadium Lithium PLC (ALTM) | 76.2% |
Telecom Italia SPA (OTC: TIIAY) | 51.5% |
- Jet.AI Inc. [NASDAQ: JTAI]
- Tilray Brands Inc. [NASDAQ: TLRY]
- Solidion Technology Inc. [NASDAQ: STI]
- Canoo Inc. [NASDAQ: GOEV]
- Akebia Therapeutics Inc. [NASDAQ: AKBA]
- SoundHound AI and Sweetgreen are up 174% and 116% so far in 2024.
- SoundHouse AI is seeing its platform for conversational intelligence explode in popularity.
- Sweetgreen has quadrupled over the past year, but it's still a broken IPO with potential to harvest.
Company (Ticker) | Forward P/E Ratio |
---|---|
Trex (TREX) | 37.2 |
Union Pacific (UNP) | 19.2 |
Fidelity National Information Services (FIS) | 13.8 |
Humana (HUM) | 12.2 |
- Alphabet.
- Amazon.com.
- Apple.
- Meta Platforms.
- Microsoft.
- Nvidia.
- Tesla.
Smart investments in penny stocks can lead to significant gains due to the stocks' susceptibility to rapid price movements. The volatile nature of these stocks, often driven by market sentiment and speculative trading, creates opportunities for astute investors to capitalize on short-term price spikes.
- Have a good penny stock scanner such as Trade Ideas.
- Scan pre-market for gapping stocks.
- Look for news catalysts.
- Take a look at float to see how volatile price action is.
- Also, make sure to be aware of short float.
S.No. | Name | CMP Rs. |
---|---|---|
1. | Brightcom Group | 16.10 |
2. | Axita Cotton | 23.85 |
3. | Nova Agritech | 56.95 |
4. | Ugar Sugar Works | 79.90 |
In India, investors cannot own fractional shares in the same way. This is because, in India, brokers cannot have shares in their name. So they cannot act as dealers and distribute fractional shares. Unless SEBI changes the rule, fractional shares similar to those in the US cannot be issued in India.
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