What penny stocks are a strong buy right now?
"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.
- GRAB3.510.16% Grab Holdings Limited.
- LCID2.520.14% Lucid Group, Inc.
- DNA0.870.03% Ginkgo Bioworks Holdings, Inc.
- PLUG2.590.10% Plug Power Inc.
- TLRY1.840.12% Tilray Brands, Inc.
- SOUN4.170.39% SoundHound AI, Inc.
- WULF2.710.13% TeraWulf Inc.
- FCEL0.920.11% FuelCell Energy, Inc.
| Name | Price | 3Y Return |
|---|---|---|
| Sunshine Capital Ltd | ₹3.58 | 4771.43% |
| Comfort Intech Ltd | ₹9.98 | 867.65% |
| Nila Spaces Ltd | ₹8.10 | 474.07% |
| JCT Ltd | ₹2.94 | 222.34% |
"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.
| 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 |
- Rajnandini Metal Ltd.
- G G Engineering Ltd.
- Indian Infotech & Software Ltd.
- Genpharmasec Ltd.
- Accuracy Shipping Ltd.
- Goyal Aluminiums Ltd.
- Prakash Steelage Ltd.
- Tapari Tools Ltd.
| Symbol | Name | Price (Intraday) |
|---|---|---|
| TSLA | Tesla, Inc. | 144.68 |
| GRAB | Grab Holdings Limited | 3.5100 |
| MARA | Marathon Digital Holdings, Inc. | 19.44 |
| F | Ford Motor Company | 12.94 |
| Company Name | LTP | Market Cap (in Cr) |
|---|---|---|
| Rail Vikas Nigam Ltd | 280 | 57828.03 |
| Bank of Maharashtra | 64.05 | 45674.86 |
| Raymond Ltd. | 2058.8 | 13881.95 |
| SAL Steel | 18.65 | 158.47 |
| S.No. | Name | 1mth return % |
|---|---|---|
| 1. | KP Green Engg. | 140.64 |
| 2. | T R I L | 103.93 |
| 3. | The Hi-Tech Gear | 83.88 |
| 4. | Indo Tech.Trans. | 83.20 |
- 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.
How many penny stocks should I buy?
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.
Penny stock scammers short-sell a stock and then make sure its price falls by spreading false and damaging rumors about the company. Investors hold a losing stock, while the short-sellers make money.
Penny stocks are those companies that trade at share prices often less than $1. Penny stocks often trade off the major market exchanges because the big stock exchanges, such as NYSE and Nasdaq, have listing requirements which must be met, among them a minimum share price.
- 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.
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
| T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
| Chevron Corp. (CVX) | Energy | 3.9% |
The Motley Fool has positions in and recommends Alphabet, Amazon, Chewy, Fiverr International, Fortinet, Nvidia, PayPal, Salesforce, Uber Technologies, and Zoom Video Communications.
- Momentus Inc. [NASDAQ: MNTS]
- Canaan Inc. [NASDAQ: CAN]
- Onfolio Holdings Inc. [NASDAQ: ONFO]
- Allbirds Inc. [NASDAQ: BIRD]
- SuperCom Ltd. [NASDAQ: SPCB]
| S.No. | Name | Profit growth % |
|---|---|---|
| 1. | Anand Rathi Wea. | 34.08 |
| 2. | K.P. Energy | 36.01 |
| 3. | Benares Hotels | 54.08 |
| 4. | Angel One | 27.54 |
| STOCK | ACTION | SL |
|---|---|---|
| Tata Motors Limited (DVR) | BUY | 637 |
| Inox India Ltd. | BUY | 1352 |
| NOCIL Ltd. | BUY | 260 |
The 3-Day Rule is an informal strategy suggesting that investors should wait three days after a significant drop in a stock's price before buying shares.
Which stocks move the most in a day?
Most Active Share Volume
Tesla, Inc. Advanced Micro Devices, Inc. Apple Inc. Amazon.com, Inc.
| S.No. | Name | 52w Low Rs. |
|---|---|---|
| 1. | Tata Motors-DVR | 241.10 |
| 2. | Authum Invest | 205.15 |
| 3. | Bajel Projects | 108.05 |
| 4. | GE Power | 114.50 |
Know your risk tolerance, find a suitable broker, perform due diligence and join a stock community to help you mitigate risk. You can make money on penny stocks by limiting exposure, treating them as short-term investments, buying those that have high liquidity, paper trading and more.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 2. | Quantum Digital | 20.50 |
| 3. | Suryo Foods | 14.15 |
| 4. | Tuticorin Alkali | 93.27 |
| 5. | Modipon | 39.00 |
Use the P/E ratio to find potentially undervalued stocks
To evaluate a stock's value, investors will often divide the current price of one of its shares by its annual earnings per share. The resulting number is called the price-earnings ratio, or P/E ratio. The lower the P/E, the cheaper the company is.
