Penny stocks are the ones which exchange at a low cost. Generally, these stocks need liquidity and convey a high hazard. General society data accessible on these stocks/organizations is extremely constrained, which makes it troublesome for a speculator to comprehend the future prospects of the business. Be that as it may, penny stocks with great essentials and solid plans of action can possibly progress toward becoming multi beggars over the long haul. Here is a portion of these stocks.
How To Buy Penny Stocks
To get started investing in these types of assets you’ll need a broker. Some brokers are better for penny stock trading than others. If your interested in getting started with penny stocks you can take a look through sharemarketdo list of the best Update Penny Stocks.
When endeavoring to locate the best penny stocks to put resources into it is essential first to see exactly what precisely penny stocks are. There are numerous definitions accessible yet the most effortless one that is commonly acknowledged is the definition that a penny stock is any stock estimated under 100/ – an offer. When you purchase penny stocks, the organization for that stock is esteemed at about $2-3 million dollars or less and it is normally a generally new organization with not a ton of history. Numerous speculators feel that putting resources into penny stocks is a colossal venture chance, yet in the event that you pick the best penny stocks, you can make a decent rate of return. Picking penny stocks that merit putting resources into is difficult to do and is a blend of troublesome examination and theory. It is dubious on the grounds that a great organization may not make a decent venture when putting resources into penny stocks.
*****The best penny stocks have a reliably high volume of offers that are exchanged in this way giving a satisfactory rate of return. It is critical anyway to be wary on the grounds that it is conceivable to skew the consequences of normal volume exchanging. There are those awful speculators who search for snappy chances to profit so you should make sure that you comprehend the amusement. So as to be fruitful when putting resources into supply of this nature is to guarantee that somebody isn’t simply endeavoring to push you to purchase stock so they can rapidly move and flee with your cash. Another drawback to putting resources into penny stocks is the instability of offers and the absence of corporate straightforwardness. It is essential when searching for penny stocks that you don’t get them from customers who utilize high-weight deals strategies or from anybody that promises you an arrival.*****
IDFC LTD : (Top 3 Penny Stocks)
IDFC Ltd , incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 6185.89 Crore) operating in Finance sector.
IDFC Ltd. key Products/Revenue Segments include Dividend which contributed Rs 139.95 Crore to Sales Value (70.88 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 36.97 Crore to Sales Value (18.72 % of Total Sales), Power which contributed Rs 15.01 Crore to Sales Value (7.60 % of Total Sales), Interest which contributed Rs 5.51 Crore to Sales Value (2.79 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 2642.25 Crore, down -5.28 % from last quarter Sales of Rs 2789.58 Crore and up 2.54 % from last year same quarter Sales of Rs 2576.90 Crore Company has reported net profit after tax of Rs 8.13 Crore in latest quarter.
|Year||Net Profit (Rs Cr)||EPS (Rs)||PE (x)||P/BV|
SPTL : (Top 3 Penny Stocks)
Sintex Plastics Technology Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 1397.73 Crore) operating in Plastics sector.
Sintex Plastics Technology Ltd. key Products/Revenue Segments include Plastic & Plastic Products which contributed Rs 13.69 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2018.
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For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1172.15 Crore, down -11.55 % from last quarter Sales of Rs 1325.21 Crore and down -18.20 % from last year same quarter Sales of Rs 1432.90 Crore Company has reported net profit after tax of Rs 40.36 Crore in latest quarter.
|Year||Net Sales (Rs Cr)||OPM (%)||Net Profit (Rs Cr)||EPS (Rs)||PE (x)|
NHPC : (Top 3 Penny Stocks)
NHPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 26776.83 Crore) operating in Power sector.
NHPC Ltd. key Products/Revenue Segments include Power which contributed Rs 6410.52 Crore to Sales Value (88.16 % of Total Sales), Other Services which contributed Rs 522.59 Crore to Sales Value (7.18 % of Total Sales), Income from Finance Leases which contributed Rs 206.35 Crore to Sales Value (2.83 % of Total Sales), Other Operating Revenue which contributed Rs 79.64 Crore to Sales Value (1.09 % of Total Sales) and Income from Project Development which contributed Rs 52.07 Crore to Sales Value (0.71 % of Total Sales)for the year ending 31-Mar-2017.
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For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 2495.02 Crore, up 17.19 % from last quarter Sales of Rs 2128.99 Crore and up 26.56 % from last year same quarter Sales of Rs 1971.42 Crore Company has reported net profit after tax of Rs 1218.51 Crore in latest quarter.
|Year||Net Sales (Rs Cr)||OPM (%)||Net Profit (Rs Cr)||EPS (Rs)||PE (x)|
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|| The financial exchange is known for its unstable nature and hazard included. There are various organizations recorded on both the trades, NSE and BSE. In any case, supplies of little open organizations which exchange at low costs are known as penny stocks. These stocks are exceptionally theoretical in nature and individuals bet on these strips with colossal offers. These organizations have little capitalization in the market. With everything taken into account these penny stocks can represent a high hazard for financial specialists who put to make brisk cash in brief periods. A penny stock by and large exchanges at a low value that is ordinarily underneath Rs 100 on the trades because of less interest, yet because of specific occasions their offer costs spike causing a craze in business sectors. ||
The penny stocks are never a decent choice to contribute cash. These offers are exchanged and driven to a great extent by the theorists of market.”
sharemarketdo.com financial specialists have lost gigantic sums on wagers put on penny stocks. In this way, here is a notice just as 3 reasons why you ought not put resources into penny stocks.
- low liquidity
- risk involved
- Chances of insider trading
- Sell quicklyOne charm of penny stocks is you can make 10% or 20% in a couple of days. On the off chance that you make that sort of come back with a penny stock, sell rapidly.
- Never listen to company management In the cloudy penny-stock world, don’t accept what you get notification from organizations.
- Don’t sell shortIn spite of the fact that shorting siphoned up penny stocks may appear to be appealing, don’t do it.
Best Strategy To Pick The Best Penny Stocks :
- The intrinsic value of the stock, because price depends on the market cap, business size, turnover etc.
- The trustworthiness of that company since penny stocks do not meet the stringent regulations by the major market exchanges.
Penny Stocks 2019
CMP: 20.40 [BSE]
This stock has been in the news landscape for quite some time and tops our list in the list of top low priced stocks to look forward to for good returns in 2018.
It is an Indian agglomerate headquartered in Noida. Founded by Jaiprakash Gaur, company deals in diverse infrastructure areas with a similar interest in engineering.
CMP: 25.25 [BSE]
- Having recorded a stellar financial performance in the last quarter, its net profit currently rallies at Rs 22 crores.
- It also holds a good stock record of paying dividends and if the dividends like last year are retained the stock would be available at a dividend yield of near 3 percent.
- Owing to the scenario where sugar prices are going to stay robust for coming months, an optimistic market for the company can be forecaster.
Being in the sugar manufacturing industry from long, it does have a potential to deliver and investors looking forward to long-term investors should consider buying this one.
CMP: 129.75 [BSE]
Though it is not a penny stock, we have included it owing to the huge potential it is signaling some positive hopes for investors.
- The steel sector is going to perform very well in the coming decade as the government is planning to treble overall Indian steel production by 2030.
- Jindal steel is also planning to expand its chain internationally which also a very positive sign for the company.
- New steel Policy is also going to help steel industry in a very good way anti-dumping duty imposed on the Chinese imports which will make the Indian steel more attractive.
CMP: 70.90 [BSE]
- Company’s paper division has witnessed a good growth, that is keeping it in good charts in the share market.
- Further, its debt reduction policies are intensely helping it cut down on interest. Recently, it has done away with a huge Rs 395 crore debt out of which a major chunk of 163 crores was high-cost debt.
CMP: 139 [BSE]
- This is a multinational company based in Gujarat that has a diversified portfolio in the business including logistics, agriculture, resources, and energy sector.
- Going by the current trend, the stock has a 60 percent upside potential. The company had reported a profit growth of 3% earlier in January this year accounting a total of Rs 350.35 crores.
- Moreover, It had successfully managed to bag a position in the list of top 15 global solar power-developers.source:pixr8.com
Disclaimer: The article is solely for informational purpose and by no means is a solicitation to buy, sell or invest in financial instruments. sharemarketdo or the author of the article do not hold responsibility for any losses/damages arising based on the information cited above.
Advantages of investing in penny stocks
Penny stocks are generally not known to the investing public at large. Regular investors do not invest in such stocks because of a fear that the fundamentals are not known. Institutional investors also stay away from such stocks because of the low market capitalization.
However, this is where the advantage arises to an investor who is prepared to do proper homework into the fundamentals of the penny stock.
If the investor is able to find a penny stock with good fundamentals and is able to buy the stock at extremely low valuations, he can make an enormous fortune.
Risks and Disadvantages
The first risk of investing in penny stocks is that their fundamentals are not very well. The investor has no access to proper research reports. Even the credibility of audited accounts can be called in question.
The second risk is that they have an extremely low volume of shares traded. This means them an easy target for unscrupulous operators to manipulate the price of the stock by cornering a large quantity of the stock and sending the price to soar or dumping a large quantity and sending the price plunging.
Risk of Stock Exchange restrictions
Because these are generally ultra small companies, their compliance with the law and the stock market regulations may be casual. This may attract adverse regulatory action from the stock exchanges which may culminate in suspension of the scrip from trading.
The other risk is that the Stock Exchanges (BSE & NSE) imposing upper and lower circuits on the companies to prevent excessive speculation in them
The imposition of a UC or LC on the stock can adversely impact the ability of the trader to exit the stock when he wants to.
Penny Stocks which have been delisted by SEBI
SEBI has passed an order by which it has ordered that nearly 2000 companies which includes a number of penny stocks be delisted from the BSE and NSE for non-compliance of the requirements of the stock exchange and SEBI.
Multibagger penny stocks which have created wealth for investors
if investors are lucky and are able to find the proper stock, these stocks can become multibaggers and investors can make enormous wealth.