Which penny stock is best for 2024?
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.
- 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.
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 |
- 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.
Name | Price | 1 Month % |
---|---|---|
SBFM Sunshine Biopharma | $0.08 | +92.73% |
IBIO Ibio | $2.86 | +170.16% |
GRTS Gritstone Oncology | $1.20 | +16.34% |
MDIA Mediaco Holding | $0.86 | +61.68% |
Company Name | LTP | Market Cap (in Cr) |
---|---|---|
Alps Industries Ltd | 2.15 | 8.41 |
Melstar Information Technologies Ltd | 5.45 | 7.78 |
Premier Ltd | 3.3 | 10.02 |
Cerebra Integrated Technologies Ltd | 7.7 | 93.31 |
- Bajaj Finance Ltd.
- Titan Company Ltd.
- Varun Beverages Ltd.
- Cholamandalam Investment & Finance Company Ltd.
- Tube Investments of India Ltd.
- SRF Ltd.
- Solar Industries India Ltd.
- Persistent Systems Ltd.
- 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.
- Alphabet.
- Amazon.com.
- Apple.
- Meta Platforms.
- Microsoft.
- Nvidia.
- Tesla.
- Broadcom Inc. (NASDAQ:AVGO)
- Eli Lilly and Company (NYSE:LLY)
- JPMorgan Chase & Co. (NYSE:JPM)
- Berkshire Hathaway Inc. (NYSE:BRK-B)
- Apple Inc. (NASDAQ:AAPL)
- Visa Inc. (NYSE:V)
- Alphabet Inc. (NASDAQ:GOOG)
Can penny stocks go big?
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.
Investors who like penny stocks perceive them as having several attractive features: the low stock price, which allows investors to buy a relatively large number of shares, and the potential for quick gains." Some penny stock investors may buy tens of thousands of shares for a relatively low amount of money, hoping ...
Penny stocks are high-risk securities with a small market capitalization that trade for a relatively low share price, typically outside of the major market exchanges. Investors open accounts with top discount brokers who offer these high-risk investments in hopes of making the right picks.
- 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%
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.
Look for companies with a track record of revenue growth, profitability, and low debt-to-equity ratio. Consider the industry trends and growth potential of the company before investing. Be prepared to hold the stock long-term, as penny stocks can be volatile in the short term.
Nifty 50 target for March 2025 at 24,800, says ICICI Securities; L&T, BHEL, Zomato, M&M, SBI Life among top picks.
S.No. | Name | CMP Rs. |
---|---|---|
2. | Brightcom Group | 16.10 |
3. | Easy Trip Plann. | 46.40 |
4. | Radhika Jeweltec | 69.95 |
5. | KMC Speciality | 97.42 |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Advani Hotels. | 85.50 |
2. | KMC Speciality | 87.41 |
3. | Refex Industries | 144.20 |
4. | Man Infra | 211.60 |
Analysts project 11.5% earnings growth and 5.5% revenue growth for S&P 500 companies in 2024. Fortunately, analysts see positive earnings and revenue growth for all eleven market sectors this year.
Which stock gives highest return in 1 year?
S.No. | Name | CMP Rs. |
---|---|---|
1. | Spright Agro | 28.35 |
2. | Jai Balaji Inds. | 965.50 |
3. | SG Mart | 462.00 |
4. | Insolation Ener | 1519.95 |
Company | Industry |
---|---|
Larsen & Toubro | Engineering and Construction |
ITC | Tobacco and FMCG |
ICICI Bank | Banking |
Godrej Consumer Products | FMCG |
- Alphabet Inc. (ticker: GOOGL)
- Discover Financial Services (DFS)
- Walt Disney Co. (DIS)
- PDD Holdings Inc. (PDD)
- Occidental Petroleum Corp. (OXY)
- Match Group Inc. (MTCH)
- Grupo Aeroportuario del Sureste SAB de CV (ASR)
- Target Corp. (TGT)
Of the 28 analysts covering Apple stock, 15 rate it as a “Strong Buy,” while 3 call it a “Moderate Buy.” Nine more analysts rate it as a “Hold,” while 1 says it's a “Strong Sell.”
Meta Platforms, Inc. (NASDAQ:META), Netflix, Inc. (NASDAQ:NFLX), NVIDIA Corporation (NASDAQ:NVDA), and Advanced Micro Devices, Inc. (NASDAQ:AMD) are some top performing growth stocks in 2024.
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