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Penny Stocks To Buy Today
Company Name | LTP | % Change | Volume | Market Cap (in Cr) |
---|---|---|---|---|
Adroit Infotech Ltd | 9.85 | -3.43 | 6178 | 17.99 |
Hindusthan National Glass & Industries Ltd | 13.85 | -4.81 | 79734 | 125.37 |
Imagicaaworld Entertainment Ltd | 13.95 | 4.89 | 213086 | 124.47 |
Kohinoor Foods Ltd | 31.7 | 4.97 | 6527 | 117.52 |
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Penny Stocks Explained in Detail
Penny stocks, because of their low price, are used to get trading experience for new traders. These stocks are very low priced, and it is almost risk-free to try your luck with penny stock trading. Penny stocks are quite popular with small investors because of their potential for huge gains. The gains may be in the range of 300% to 500% or even higher. Even if you have a small investment of Rs 100/-, you can still gain up to Rs 500/- profit.
List of Penny Stocks
Multibagger Penny Stocks
Multibagger Penny Stocks are identical to penny stocks; the only difference is that their price rises every once in a while from the time you invest. If an investor invests in a stock priced at Rs. 10 and the price rises to Rs. 20, the stock is known as a two-bagger. Similarly, if the price exceeds Rs. 30, it is referred to as a three-bagger, and so on. When the price reaches Rs. 20, it is a 100% profit, and when it reaches Rs. 30, it is a 200% profit and continues to rise. This is known as Multibagger Penny Stocks. There is no standard definition for multibagger stocks, however a stock is said to be a multibagger when it can provide 100% or more returns in a short period of time, i.e. when it becomes 2X or 3X its original value.
Company Name | LTP | % Change | Volume | Market Cap (in Cr) |
---|---|---|---|---|
Ankit Metal & Power Ltd. | 6.85 | -4.20 | 190865 | 96.66 |
Debt Free Penny Stocks
Debt Free Penny Stocks are penny stocks that have no debt. When it comes to portfolio diversification in a volatile market, debt-free penny stocks are crucial. They have the potential to be profitable in the long run.
Company Name | LTP | % Change | Volume | Market Cap (in Cr) |
---|---|---|---|---|
Jullundur Motor Agency | 69.25 | -1.28 | 7657 | 158.17 |
HB Stockholdings Ltd | 45.15 | -1.85 | 4944 | 32.23 |
Jullundur Motor Agency (Delhi) Ltd | 69.25 | -1.28 | 7657 | 158.17 |
Steel City Securities Ltd | 58 | 4.88 | 16053 | 87.17 |
Pasupati Acrylon Ltd | 36.1 | -2.70 | 96039 | 321.76 |
Features of Penny Stocks
Some characteristics of penny stocks include little liquidity, limited historical information, the possibility to become a multi-bagger stock, and relatively low values. Let's understand these: 1. Low liquidity: Penny stocks are typically connected with small businesses and move infrequently, indicating a lack of liquidity or available buyers in the market. As a result, investors may find it difficult to sell a penny stock during an emergency because buyers are not always available. 2. Limited historical information: Many of the companies classified as penny stocks may be newly formed, and some might be on the verge of bankruptcy. These businesses will typically have a poor track record or no track record at all. As you might expect, a lack of historical data makes determining a stock's potential challenging. 3. High Return Potential: Penny stocks typically have a higher level of volatility, resulting in a bigger potential for reward and, consequently, a higher level of inherent risk. 4. Low cost: Penny stocks due to their lower price have the potential for a substantial upside in share appreciation.
Benefits of Investing in Penny Stocks
The penny stocks are quite volatile but have the potential to provide exceptional returns. They have the potential to produce quick growth in a short period of time, and as a result, they have become a popular choice among investors. Major gains can be made with a small amount of money invested. 1. Tomorrow's Gainers: Many good businesses trade for pennies. They may have proven management and teams, strong financial positions and rising ratios, a growing revenue, and innovative products or services poised to dominate an industry. 2. It is Exciting to hunt for a perfect Penny stock: We all know the adrenaline that comes with significant profits (and losses) in an investment. Hunting, trading and investing in penny stock are all exciting and thrilling. 3. A small sum can turn into something much bigger: The majority of penny stock investors begin trading with small amounts. With Rs.10000 to trade, an individual may only be able to purchase three or four shares of a blue-chip business. The same amount of money could buy them thousands of penny stock shares. 4. Gains at a Rapid Pace: Not all penny stocks see rapid price movement. Those who do, however, tend to produce large price swings in days rather than years.
Risks of Investing in Penny Stocks
Holders find it difficult to cash out due to a lack of liquidity. Penny stocks are often thinly traded. Artificially inflating share prices may result in false statements about the company's status, often known as the "pump and dump" strategy, which is a type of fraud in microcap stocks.
How to find Penny Stocks
Before investing in a penny stock, investors should conduct extensive due diligence. Research the company well. Try paper trading - A paper trade is a technique of simulating trading for investors to practise buying and selling stocks without using actual money. Monitor your investment regularly. You should select stocks from the over-the-counter (OTC) markets. Avoid the Pink Sheets stocks meaning the stocks which are prone to manipulation. Avoid the pump and dump stocks. Avoid penny stocks with low liquidity. Know when to sell your penny stock so you can make quick money. Trade penny stocks only with money you can afford to lose.
Frequently Asked Questions
Penny stocks in India are the stocks that are traded at a low price and volume. The minimum price of penny stocks in India is Rs. 0.01. Penny stocks in India are traded on the NSE and the BSE.
The price of penny stock can be more volatile than other shares. There is no assurance that they will give good returns on investment. The value of penny stocks may go down without any warning. If you want to invest in penny stocks, then follow the rule of "Don't put all eggs in one basket". Penny stocks are characterised by high volatility in prices and do not have any formal listing on the exchange. Penny stocks usually carry high risks when it comes to investment, especially when trading them online. Penny stocks are considered shares of low value traded on over-the-counter bulletin boards. Unlike regular trading, investors do not buy these securities from the company itself but brokers or dealers. These dealers make a profit by marking up the price of the stock they are selling to you. Thus, they are also known as 'marketers'. Penny stocks are generally quoted with two different prices – bid price and ask price. The bid price is the price at which a dealer is willing to buy the security from you, while the asking price is when a dealer will sell you that security. The difference between these prices is called the spread, and it varies with different penny stocks. The spread indicates how expensive or cheap a penny stock is being traded. The wider the spread, the more expensive it is for investors to buy them, which might translate into higher risks for investors who hope to gain from price appreciation of these securities. Because of the risk involved with penny stocks, some investors don't think it's worth buying shares in them. Others argue they're fine if you know what you're doing and have the time to monitor your investments carefully.
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