Hot penny stocks today 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.
VSME | VS Media Holdings Limited | 10,624,385.00 |
---|---|---|
OPK | Opko Health Inc. | 10,347,628.00 |
PCSA | Processa Pharmaceuticals Inc. | 9,835,724.00 |
SMX | SMX (Security Matters) Public Limited Company | 8,552,672.00 |
BLUE | bluebird bio Inc. | 7,988,503.00 |
Penny Stocks With the Most Momentum | ||
---|---|---|
Price ($) | Market Cap ($M) | |
Myomo Inc. (MYO) | 3.22 | 85 |
Expion360 Inc. (XPON) | 4.03 | 28 |
Akebia Therapeutics Inc.(AKBA) | 1.00 | 188 |
- Pick stocks of companies from the OTC markets. ...
- Avoid the Pink Sheet Stocks. ...
- Avoid the pump and dump stocks. ...
- Keep away from low-liquidity penny stocks.
- Focus on trading and keep low on investing.
Name | Sub-Sector | Market Cap (Rs. in cr.) |
---|---|---|
Alok Industries | Integrated Textile Company | 10,343 |
Jammu & Kashmir Bank | Banking | 13,176 |
Reliance Power | Power Generation | 8,183 |
Indian Overseas Bank | Banking | 79,749 |
"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.
Company | CMP (Rs) | Sales CAGR (3 yrs, %) |
---|---|---|
EMPOWER INDUSTRIES | 2.2 | 458.4% |
ELLORA TRADING | 15.5 | 446.4% |
BCC FINANCE | 38.7 | 434.0% |
ODYSSEY CORP | 8.4 | 415.8% |
- Alok Industries Ltd. (2.22) ...
- Inventure Growth Ltd. (0.20) ...
- Ajooni Biotech (4.85) A high-flying biotech stock with exciting research, but buckle up for volatility! ...
- Nyssa Corporation Ltd. (0.30) ...
- Advik Capital Services Ltd. (0.51) ...
- CES CESC Ltd. ...
- Genpharmasec (4.89) ...
- Sulabh Engineers Ltd.
Stock | 2023 Performance* |
---|---|
1. Jin Medical International Ltd. (ticker: ZJYL) | 3,020.1% |
2. Soleno Therapeutics Inc. (SLNO) | 1,932.8% |
3. Carvana Co. (CVNA) | 1,016.9% |
4. Cipher Mining Inc. (CIFR) | 637.5% |
Coinbase, Nvidia, Palantir, and other tech names dominate the list of the year's best stocks. Amid a strong stock market rally in 2023, Coinbase COIN performed best among U.S.-listed stocks covered by Morningstar analysts, as the cryptocurrency exchange platform rebounded from a steep downturn in 2022.
Has anyone ever got rich off penny stocks?
It, of course, doesn't always work that way, and caveat emptor applies. 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.
There are cited examples of individuals who did get rich off penny stocks. In 2013, for example, CNN Business first reported about Tim Grittani, who turned $1,500 into more than $1 million off penny stocks at the age of 24.
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.
SL No. | Stock Name | Close Price (₹) |
---|---|---|
1 | Vodafone Idea Ltd | 7.75 |
2 | Suzlon Energy Ltd | 14.00 |
3 | Reliance Power Ltd | 15 |
4 | Alok Industries Ltd | 17.9 |
Stock Name | Market Cap | Closing Price |
---|---|---|
Reliance Home Finance Ltd | 94.59 | 1.95 |
Taparia Tools Ltd | 4.04 | 2.79 |
Hindusthan Udyog Ltd | 2.27 | 3.16 |
Skil Infrastructure Ltd | 110.81 | 5.55 |
- Taparia Tools Ltd. Castings, Forgings & Fastners.
- M Lakhamsi Industries Ltd. Trading.
- Comfort Intech Ltd. Alcoholic Beverages.
- Vivanta Industries Ltd. Miscellaneous.
- Family Care Hospitals Ltd. Healthcare.
Company Name | LTP | Volume |
---|---|---|
Quadpro ITeS Ltd | 8.2 | 156000 |
Creative Eye Ltd | 6.25 | 10529 |
Suumaya Industries Ltd | 9.55 | 288185 |
SAB Events & Governance Now Media Ltd | 7.6 | 65034 |
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.
For many beginner investors, the first logical stop is penny stocks. As the name suggests, penny stocks are those companies that trade with a low share price, often less than $1.
Name | Sub-Sector | Market Cap (Rs. in cr.) |
---|---|---|
Innocorp Ltd | Plastic Products | 4.85 |
Pressure Sensitive Systems India Ltd | Electrical Components & Equipments | 138.27 |
IEL Ltd | Commodities Trading | 29.91 |
Surat Textile Mills Ltd | – | 207.41 |
Can you make money fast with penny stocks?
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.
- Look for companies with a competitive advantage. ...
- Watch for key market trends. ...
- Monitor volume and price. ...
- Identify companies with strong fundamentals. ...
- Track a stock's relative strength. ...
- Keep an eye out for catalysts. ...
- Exit at your target price.
First, you should learn the basics of stock trading and research each company you are considering. Evaluate its finances, growth potential and business model. Also compare the company to the competition. Because investing in penny stocks can be risky, it's important to invest in a well-rounded portfolio of stocks.
STOCK | ACTION | TRADE PRICE |
---|---|---|
GPPL | BUY | 163 |
PRECWIRE | BUY | 144 |
FACT | BUY | 887 |
INOXWIND | BUY | 469 |
- Reliance Industries Limited (RIL): Sector: Conglomerate. ...
- HDFC Bank Limited: Sector: Banking and Finance. ...
- Infosys Limited: ...
- Titan Company Limited: ...
- Larsen & Toubro Limited (L&T): ...
- Asian Paints Limited: ...
- TCS (Tata Consultancy Services) Limited: ...
- Bajaj Finance Limited: