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Which Penny Stocks to Buy Today

Which Penny Stocks to Buy Today

What assessment do you make before investing in stocks?

Some general and broad rules which investors should follow are:

The company should be fundamentally strong. That is, it should have a decent track record when it comes to profitability and sales. That’s what makes it a fundamentally strong penny stock.
Penny Stocks with Good Dividend Yields
Penny stock should have good long term prospects and it should be run by capable and strong management.

Looking for these traits in a stock is easy when it comes to midcap stocks, largecap stocks or smallcap stocks for that matter.

But what about penny stocks? Penny stocks are illiquid in nature and most of them don’t have a decent track record.

Penny stocks are shares of listed companies with low market capitalisation. These stocks usually have low share prices, typically less than Rs 100 and often less than Rs 50.

Well-chosen fundamentally strong penny stocks have the potential to deliver profits greater than 1,000% within 1-3 years.

If you’re on the lookout for which penny stocks to buy today, here are some points you need to evaluate:

Strong balance sheet: Look for low debt, high cash balance, & a current ratio greater than 1 i.e. current assets greater than current liabilities. Equitymaster’s stock screener can help you find debt free companies.
High promoter holding: The higher the better. It shows the promoter has skin in the game. Promoters buying shares from the market is a good sign. Use Equitymaster’s stock screener to find stocks where promoters are increasing stake.
Quality of the business: Ask these questions. Is it a good business? Are the fundamentals strong? Will it be around after a few years? Is it making profits?

To find which penny stocks to buy today, first you should screen for the fundamentally strongest penny shares. You can do this with the help of Equitymaster's Stock Screener for penny stocks.

Also read Equitymaster's Ultimate Guide on Penny Stock Investing.

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The penny stocks story is not yet over. Here's a list of the top 4 high book value penny stocks that should be on your watchlist.

5 Debt Free Penny Stocks with Good Profitability to Watch Out for in 2022
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Debt free penny stocks are vital when it's a question of portfolio diversification in a volatile market. They can potentially offer good profitability in the long run.

5 Penny Stocks with Good Dividend Yields
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These penny stocks are helping investors get stable returns in a volatile market.

6,000% Gains in a Year. What's Driving these Penny Stocks?
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In penny stock investing, it's very important to distinguish between good penny stocks that are investment worthy and the ones that are highly speculative.

Penny Stocks to Hold for the Long-Term
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Which penny stocks are the best for the long term?

Penny Stocks to Buy and Hold Beyond 2022
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A step-by-step method to pick the best penny stocks for the long term.

4 Debt Free Penny Stocks that Deserve Your Attention
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These penny stocks can help investors get stable returns in a volatile market.

These Penny Stocks Started 2022 with a Bang. This is what You Need to Know...
Jan 19, 2022
These penny stocks are up more than 30% already since the beginning of the year.

2022's Best Performing Penny Stocks So Far...
Aug 1, 2022
We are seven months into 2022 and several penny stocks have already surged 5x.

Fundamentally Strong Penny Stocks? Yes, it's Possible. Here's a List...
Jun 28, 2022
Keep an eye on these penny stocks which promise long term growth.

Retail Investors are Buying Penny Stocks by the Fistful. Here's Why You Should Not Follow Them...
Jun 16, 2022
During volatile periods, it's important to have penny stocks that regularly pay out dividends so that the downside is capped.

The 10 Best Penny Stocks in India to Add to Your Watchlist
May 22, 2022
These penny stocks have a high potential to deliver good returns in the long term. Watch out for them.

6 Penny Stocks that Could Be Hidden Bluechips. Take a Look...
Apr 13, 2022
These penny stocks can become future multibaggers. Watch out for them.

The Penny Stocks Opportunity is Not Over. Here's How to Play It...
Mar 12, 2022
During volatile periods, it's important to have penny stocks that regularly pay out dividends so that the downside is capped.

A Penny Stocks Watchlist You Cannot Ignore
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These four penny stocks have the potential to deliver spectacular gains.

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War ProfitsRevealing a Potential 33x Opportunity in Defence

Which Penny Stocks to Buy Today

The Top 4 High Book Value Penny Stocks to Add to Your WatchlistAug 2, 2022The penny stocks story is not yet over. Here's a list of the top 4 high book value penny stocks that should be on your watchlist.

5 Debt Free Penny Stocks with Good Profitability to Watch Out for in 2022Jul 27, 2022Debt free penny stocks are vital when it's a question of portfolio diversification in a volatile market. They can potentially offer good profitability in the long run.

5 Penny Stocks with Good Dividend YieldsJun 25, 2022These penny stocks are helping investors get stable returns in a volatile market.

6,000% Gains in a Year. What's Driving these Penny Stocks?Jun 1, 2022In penny stock investing, it's very important to distinguish between good penny stocks that are investment worthy and the ones that are highly speculative.

Penny Stocks to Hold for the Long-TermApr 21, 2022Which penny stocks are the best for the long term?

Penny Stocks to Buy and Hold Beyond 2022Apr 6, 2022A step-by-step method to pick the best penny stocks for the long term.

4 Debt Free Penny Stocks that Deserve Your AttentionFeb 23, 2022These penny stocks can help investors get stable returns in a volatile market.

These Penny Stocks Started 2022 with a Bang. This is what You Need to Know...Jan 19, 2022These penny stocks are up more than 30% already since the beginning of the year.

2022's Best Performing Penny Stocks So Far...Aug 1, 2022We are seven months into 2022 and several penny stocks have already surged 5x.

Fundamentally Strong Penny Stocks? Yes, it's Possible. Here's a List...Jun 28, 2022Keep an eye on these penny stocks which promise long term growth.

Retail Investors are Buying Penny Stocks by the Fistful. Here's Why You Should Not Follow Them...Jun 16, 2022During volatile periods, it's important to have penny stocks that regularly pay out dividends so that the downside is capped.

The 10 Best Penny Stocks in India to Add to Your WatchlistMay 22, 2022These penny stocks have a high potential to deliver good returns in the long term. Watch out for them.

6 Penny Stocks that Could Be Hidden Bluechips. Take a Look...Apr 13, 2022These penny stocks can become future multibaggers. Watch out for them.

The Penny Stocks Opportunity is Not Over. Here's How to Play It...Mar 12, 2022During volatile periods, it's important to have penny stocks that regularly pay out dividends so that the downside is capped.

A Penny Stocks Watchlist You Cannot IgnoreJan 19, 2022These four penny stocks have the potential to deliver spectacular gains.