Penny stocks can offer investors an extremely rewards but come along with high risks.
These stocks are priced between Rs 50-100. They offer a great potential to make some spectacular gains. That is why they are so popular, especially among retail investors.
However, they can also prove to be extremely risky.
A lack of history and information about companies, as well as low liquidity, can cause you to lose your money on what may seem like a bargain.
Before investing in a penny stock, check whether the company has a strong balance sheet. A healthy financial profile indicates good growth prospects.
Next, check for future growth opportunities. Favourable government policies or good order book status are some indicators you can look at.
Finally, check for feasibility of business. The more viable the business, the longer it will last.
After completing this checklist, make a watchlist of the top penny stocks to buy in India. Buy them when they are trading with a decent margin of safety.
You can get started with Equitymaster's Stock Screener on Multibagger Penny Stocks.
Investing in penny stocks is not rocket science. However, it requires you to practice caution while doing so. Picking the right penny stocks will help boost your portfolio returns.
Check out Equitymaster's Ultimate Guide on Penny Stock Investing.
Mar 30, 2024
How did penny stocks fare in FY24? And what's the outlook for investing in penny stocks in FY25? Continue reading to find out...
Jan 9, 2024
Only a week into the new year 2024, and we've seen many penny stocks shoot up to 80%!
Dec 19, 2023
These penny stocks could keep charging ahead. Here's why.
Nov 29, 2023
Some penny stocks have a better growth opportunities than large companies.
Oct 19, 2023
These days, there are a lot of announcements and hype around stocks bought and sold by FIIs.
Sep 26, 2023
A checklist to narrow down the best penny stocks to buy in the stock market.
Jul 24, 2023
These five penny stocks gave up to 17% yields in FY23. Take a look...
Apr 11, 2023
Breakout penny stocks are famous for generating extremely fast returns. This makes them popular among investors who seek high-risk, high-reward investment opportunities.
Mar 2, 2023
These penny stocks have a history of making regular payouts and they also have decent financials.
Dec 19, 2022
It's ironic that most people who invest in penny stocks do so in the hope to make fast profits when they can multiply their investments in the long term.
Mar 1, 2024
These penny stocks are gearing up to show their resilience and promise in 2024.
Dec 26, 2023
With over 74% of the total equity with promoter group, these penny stocks are among the high promoter holding companies in India.
Dec 12, 2023
How to find the top penny stocks? Read on...
Oct 27, 2023
The current rally is attributed to NCLT dismissing a petition. But there are several factors that could keep the stock in good stead going forward.
Oct 3, 2023
A look at the top performing penny stocks of 2023 and how they are stacked for 2024.
Sep 25, 2023
A 5-point checklist to avoid bad penny stocks.
May 18, 2023
Investors must keep a watchful eye on stocks trading at their 52-week lows. If chosen carefully, they could potentially generate faster returns.
Mar 10, 2023
Penny stocks which have a decent balance sheet, low or zero debt and a track record for paying consistent dividend fare much better against their peers.
Feb 21, 2023
These five penny stocks are enjoying multiple tailwinds and are set to grow exponentially in 2023.
Nov 22, 2022
Read on to find out why these low-risk penny stocks deserve your attention.