Top 10 Most Successful Penny Stocks in History (2024)

Table of Contents
What Are Penny Stocks? Which Companies Are Eligible for Penny Stock Classification? List of Top 10 Most Successful Penny Stocks True Religion Jeans (used to trade under NASDAQ: TRLG) — The Defunct Penny Stock Apple Inc. (NASDAQ: AAPL) — The Tech Giant Former Penny Stock Ford Motor Company (NYSE: F) — The Fortune 500 Former Penny Stock Turtle Beach Corporation (NASDAQ: HEAR) — Back in Penny Stock Land Monster Beverage Corporation (NASDAQ: MNST) — The Surprising Mega Penny Stock Mylan N.V. (used to trade under NASDAQ: MYL) — The Delisted Penny Stock Plug Power Inc. (NASDAQ: PLUG) — The Clean Energy Former Penny Stock Advanced Micro Devices (NASDAQ: AMD) — The Microchip Maker with Big Penny Stock Potential Medifast Inc. (NYSE: MED) — The Telemarketers’ Revenge Former Penny Stock Novavax Inc. (NASDAQ: NVAX) — The Pandemic Play Former Penny Stock Recent Penny Stock Success Stories GameStop Corp. (NYSE: GME) — The All-Time Meme Penny Stock How to Find Penny Stocks Before They Explode Is a Low-Float Stock Shows an Unusual Daily Trading Volume Is a Former Runner Has a Frequent Media Presence 2 Hot Penny Stocks to Watch in 2023 American Battery Technology Co. (OTCQB: ABML) — The EV Battery Penny Stock Play Asia Broadband Inc. (OTCPK: AABB) — The Former Supernova True Penny Stock How Often Do Penny Stocks Succeed? Benefits of Investing in Penny Stocks What Are the Potential Risks Associated with Penny Stocks? The Bottom Line on the Most Successful Penny Stocks FAQs

Everyone wants to know about the most successful penny stocks in history … They want to believe in the dream of getting filthy rich on cheap stocks.

They also want to buy big houses and expensive vehicles without doing all the hard work.

Keep dreaming. I’ve been trading penny stocks for over 20 years now. I’ve seen a thing or two in the stock market …

What I rarely see is a penny stock becoming a real, legit company.

That doesn’t mean it can’t happen. Sometimes, you’ll find a diamond in the rough.

I’ve seen a few successful penny stocks in my trading career. Companies have to start somewhere. Some of today’s biggest companies were actually penny stocks back in the day. You’ll see a few familiar tickers on this list of the most successful penny stocks in history.

But they’re exceptions. 99% of penny stocks will NEVER see this level of success. In fact, most fail. That’s why I teach my students to trade penny stocks … not invest in them.

To be absolutely clear: I don’t invest in penny stocks or recommend investing in penny stocks.

Yes, these results are impressive, but people back then couldn’t have predicted them. For every ‘most successful penny stock,’ MANY will fail.

And, as you’ll see, some of these stocks took years — decades — to become successful. I don’t want to wait that long! I like to look for volatility and stocks that follow patterns. That’s what has created opportunities for me and my top students.

Still, it’s worth learning from any and every stock. Ready to learn? Let’s review what many consider the most successful penny stocks in history…

Table of Contents

  • 1 What Are Penny Stocks?
  • 2 Which Companies Are Eligible for Penny Stock Classification?
  • 3 List of Top 10 Most Successful Penny Stocks
    • 3.1 True Religion Jeans (used to trade under NASDAQ: TRLG) — The Defunct Penny Stock
    • 3.2 Apple Inc. (NASDAQ: AAPL) — The Tech Giant Former Penny Stock
    • 3.3 Ford Motor Company (NYSE: F) — The Fortune 500 Former Penny Stock
    • 3.4 Turtle Beach Corporation (NASDAQ: HEAR) — Back in Penny Stock Land
    • 3.5 Monster Beverage Corporation (NASDAQ: MNST) — The Surprising Mega Penny Stock
    • 3.6 Mylan N.V. (used to trade under NASDAQ: MYL) — The Delisted Penny Stock
    • 3.7 Plug Power Inc. (NASDAQ: PLUG) — The Clean Energy Former Penny Stock
    • 3.8 Advanced Micro Devices (NASDAQ: AMD) — The Microchip Maker with Big Penny Stock Potential
    • 3.9 Medifast Inc. (NYSE: MED) — The Telemarketers’ Revenge Former Penny Stock
    • 3.10 Novavax Inc. (NASDAQ: NVAX) — The Pandemic Play Former Penny Stock
  • 4 Recent Penny Stock Success Stories
    • 4.1 GameStop Corp. (NYSE: GME) — The All-Time Meme Penny Stock
  • 5 How to Find Penny Stocks Before They Explode
    • 5.1 Is a Low-Float Stock
    • 5.2 Shows an Unusual Daily Trading Volume
    • 5.3 Is a Former Runner
    • 5.4 Has a Frequent Media Presence
  • 6 2 Hot Penny Stocks to Watch in 2023
    • 6.1 American Battery Technology Co. (OTCQB: ABML) — The EV Battery Penny Stock Play
    • 6.2 Asia Broadband Inc. (OTCPK: AABB) — The Former Supernova True Penny Stock
  • 7 How Often Do Penny Stocks Succeed?
  • 8 Benefits of Investing in Penny Stocks
  • 9 What Are the Potential Risks Associated with Penny Stocks?
  • 10 The Bottom Line on the Most Successful Penny Stocks

What Are Penny Stocks?

Penny stocks are low-priced shares, typically trading for less than $5, in smaller companies not listed on major markets. These stocks require keen attention to data and charts, as they offer high-risk and high-reward opportunities. While they can yield millions in returns, they demand a sharp mind to navigate their volatile nature.

Top 10 Most Successful Penny Stocks in History (1)

Trading penny stocks involves a lot of research to make informed decisions and understand the rights associated with these types of shares. Most often, these aren’t the stocks that get featured on CNN — you have to turn over a few rocks to find out what’s really going on with these stocks.

One big advantage of penny stocks — you don’t need a big account to start trading. I’ve seen traders start with just a few hundred bucks and still make it work. The key is to be smart about your trades and keep your risk tight. You don’t need a fortune to start; you need a strategy. If you’re wondering how to trade penny stocks with a small account, I’ve got you covered. Learn how to trade penny stocks with a small account here.

Which Companies Are Eligible for Penny Stock Classification?

Penny stocks refer to small-cap and micro-cap companies with a market value under $300 million. They’re not listed on major exchanges and often lack a long track record. They’re the Pier 1 Imports (NYSE: PIR — defunct), not the Ikeas, of the stock world.

In my years of trading and teaching, I’ve seen all kinds of companies in the penny stock arena. From nutrition companies to tech startups, the range of interests is vast. But remember, just because a company is eligible for penny stock classification doesn’t mean it’s a good investment. Always do your due diligence, check multiple sources of information, and understand the commission and fees involved.

List of Top 10 Most Successful Penny Stocks

The 10 most successful penny stocks include:

  • True Religion Jeans (used to trade under NASDAQ: TRLG) — The Defunct Penny Stock
  • Apple Inc. (NASDAQ: AAPL) — The Tech Giant Former Penny Stock
  • Ford Motor Company (NYSE: F) — The Fortune 500 Former Penny Stock
  • Turtle Beach Corporation (NASDAQ: HEAR) — Back in Penny Stock Land
  • Monster Beverage Corporation (NASDAQ: MNST) — The Surprising Mega Penny Stock
  • Mylan N.V. (used to trade under NASDAQ: MYL) — The Delisted Penny Stock
  • Plug Power Inc. (NASDAQ: PLUG) — The Clean Energy Former Penny Stock
  • Advanced Micro Devices (NASDAQ: AMD) — The Microchip Maker with Big Penny Stock Potential
  • Medifast Inc. (NYSE: MED) — The Telemarketers’ Revenge Former Penny Stock
  • Novavax Inc. (NASDAQ: NVAX) — The Pandemic Play Former Penny Stock

What makes a ‘successful’ penny stock?

You might think it’s a company that started as a penny stock and became a ‘real’ company. There’s more to it than that.

A penny stock is any stock that trades under $5 per share. Plenty of billion-dollar companies — companies with big names — once traded at or under $5 per share.

We haven’t seen many penny stock companies becoming large-cap companies lately, but it does happen.

In fact, some of the biggest names on the Nasdaq started as penny stocks! Nasdaq isn’t just for the big players; it’s also a playground for penny stocks. These stocks often come with a bit more legitimacy and are subject to stricter regulations than OTC stocks. If you’re looking to diversify your penny stock portfolio, Nasdaq is a good place to look. Learn more about why you should consider trading NASDAQ penny stocks here.

But remember … Successful companies take years to build — especially if they start small. These companies might be success stories now, but they didn’t make anyone rich fast.

That said, let’s look at some of the craziest penny stock success stories over the years…

True Religion Jeans (used to trade under NASDAQ: TRLG) — The Defunct Penny Stock

Top 10 Most Successful Penny Stocks in History (2)

Get my weekly watchlist, free

Sign up to jump start your trading education!

The first successful penny stock on this list is True Religion Jeans (used to trade under NASDAQ: TRLG).

True Religion Jeans used to be one of the great penny stock stories.

It traded under a dollar per share in the early to mid-2000s. But in 2013, the company was acquired by Towerbrook Capital Partners for $32 per share. Long-term investors made a killing as shares appreciated by 5,000%.

TRLG’s story ended the way it ends for most penny stocks. True Religion filed for bankruptcy in 2017 and again in 2020. Even the most successful penny stocks are affected by the boom-and-bust cycle of penny stock land.

Apple Inc. (NASDAQ: AAPL) — The Tech Giant Former Penny Stock

The second successful penny stock on this list is Apple Inc. (NASDAQ: AAPL).

Apple wasn’t always one of the largest tech companies in the world. In fact, hardly anyone knew about the company and its products for years.

Back in the early 2000s, AAPL traded for under 80 cents per share — a legit penny stock.

Of course, that’s ignoring the many stock splits this stock has had since… But in 2003, it got down to a retail price of $6.56.

As of this writing, AAPL shares trade for over $370.

This stock returned over 46,750% — it’s now one of the largest companies in the world.

But there was no way of knowing 20 years ago it would become such a success story. And for every company like Apple, there are hundreds of tech penny stocks that fail.

Ford Motor Company (NYSE: F) — The Fortune 500 Former Penny Stock

The third successful penny stock on this list is Ford Motor Company (NYSE: F).

Ford is a $50 billion company. But it was last a penny stock in 2020.

While it still hovers near penny stock territory price-wise, it’s also one of the most well-known automobile manufacturers in the world.

Why include it in this list? I wanted to give an example of share prices not indicating a company’s performance.

You could consider it a penny stock success story in that it doesn’t seem bound to crash and burn like so many others. Then again, it’s never been a massive mover. It’s not that interesting to me.

I prefer huge spikes like Bravada International Ltd. (OTCPK: BRAV) had in 2020. I traded this first green day OTC play — up on news — for a $612 profit (starting stake $3,937).

Turtle Beach Corporation (NASDAQ: HEAR) — Back in Penny Stock Land

The fourth successful penny stock on this list is Turtle Beach Corporation (NASDAQ: HEAR).

This chart is the exact reason I teach my students to aim for singles and NOT be overly aggressive.

Short selling can be a good strategy with penny stocks for some traders … Many of these scammy low-priced stocks fail. But, like with HEAR, sometimes they don’t.

For short sellers, these trades can lead to account devastation.

Traders from 2018 might remember this ticker… Over-aggressive shorts and legitimate news spiked HEAR from under $2 to over $30 per share in a few months.

It happened all over again in 2021.

Study this chart in order to see exactly what’s possible with penny stocks. Some trades aren’t worth taking.

Don’t go for home runs — especially if you short. The wrong trade could end your trading career forever.

I mostly avoid shorting these days because of crazy short squeezes like HEAR had. Respect the short squeeze!

Monster Beverage Corporation (NASDAQ: MNST) — The Surprising Mega Penny Stock

The fifth successful penny stock on this list is Monster Beverage Corporation (NASDAQ: MNST).

Yep: way back, before it was a standard offering in grocery and convenience stores, Monster Energy Drinks was a crappy penny stock company.

In the early 2000s, it traded for under 6 cents per share…

As of this writing, it trades for over $100 per share. Over the years, this ticker has returned over 166,000%.

A $1,000 investment at its lows would be worth over $1.6 million today. That’s a good contender for the most successful penny stock.

Don’t get FOMO. It took many years for that to grow and easily could have flopped.

Mylan N.V. (used to trade under NASDAQ: MYL) — The Delisted Penny Stock

The sixth successful penny stock on this list is Mylan N.V. (NASDAQ: MYL).

MYL is a pharmaceutical company with a net worth over $8 billion at its height. Its lows were just under $6 per share.

It ran all the way from $6 to over $70 per share before it imploded.

I’m including it as a cautionary tale. Hold and hope is not a winning strategy in penny stock land.

Plug Power Inc. (NASDAQ: PLUG) — The Clean Energy Former Penny Stock

The seventh successful penny stock on this list is Plug Power Inc. (NASDAQ: PLUG).

PLUG is a great example of the potential of penny stocks — especially in this crazy volatile market.

You’ve gotta be prepared for this volatility. Get my no-cost resource, “The Volatility Survival Guide,” and study up!

PLUG is an example of history repeating. In 2014, it made an initial run from 11 cents to almost $12 per share. In 2020 and 2021, it went from $3 to over $65 per share. It’s now worth more than $7 billion, putting it in mid-cap stock range.

Much of the action is thanks to aggressive short sellers. Don’t short a stock like this every time it goes higher. Because sometimes, it doesn’t stop.

And maybe you missed out on PLUG, but you can learn from it…

You can also learn the basics of my approach to penny stocks with my student Jamil’s book, “The Complete Penny Stock Course.” It covers so many questions I get about this niche.

Advanced Micro Devices (NASDAQ: AMD) — The Microchip Maker with Big Penny Stock Potential

The eighth successful penny stock on this list is Advanced Micro Devices (NASDAQ: AMD).

If you like computers, you’ve probably heard of AMD. It’s one of the largest chip manufacturers in the world right now.

Back in 2015, AMD was trading for under $2 per share. Now, it’s almost $100 per share, making it one of the most successful penny stocks in history.

AMD now has a $155 billion market cap — making it a large-cap stock. Penny stocks can become real, legit companies. But you’ve gotta be lucky … and wait 20 years.

I don’t like to try to guess which companies will make it. My plans work better for the 99% that don’t make it… Get my free guide here.

Medifast Inc. (NYSE: MED) — The Telemarketers’ Revenge Former Penny Stock

The ninth successful penny stock on this list is Medifast Inc. (NYSE: MED).

MED is also a contender for the ‘most successful penny stock’ list. After trading at under $2.30 per share in 2005, the company hit an all-time high of $332 per share in 2021.

Its 14,300% move is impressive. But it took 16 years.

In under half that time, my former student Jack Kellogg has made over $12 million in career earnings.

Novavax Inc. (NASDAQ: NVAX) — The Pandemic Play Former Penny Stock

The tenth successful penny stock on this list is Novavax Inc. (NASDAQ: NVAX).

I saved one of the most successful penny stocks for last. NVAX had a huge run this year.

This pharma play ripped from $3.50 at its low to nearly $300 per share at its highs — all in under a year, thanks to the crazy volatility of the coronavirus market.

The problem? Newbie traders see this and expect all penny stocks and biotechs to do the same thing.

In 2023, NVAX is trading under $6. That’s almost back in penny stock land.

Don’t believe the hype!

Recent Penny Stock Success Stories

My recent penny stock success story picks are:

  • GameStop Corp. (NYSE: GME) — The All-Time Meme Penny Stock
  • American Battery Technology Co. (OTCQB: ABML) — The EV Battery Penny Stock Play
  • Asia Broadband Inc. (OTCPK: AABB) — The Former Supernova True Penny Stock

For every 500 penny stocks on the stock market, maybe one or two are capable of this type of breakthrough. More often than not, these companies raise money for their greedy executives through toxic financings.

These stocks often become the subject of speculation and hype, fueled by social media and online forums.

They’re like Pinocchio — except their nose only grows and grows, and they never become real boys.

Now, let’s change gears and discuss some of the most successful penny stocks currently.

GameStop Corp. (NYSE: GME) — The All-Time Meme Penny Stock

The biggest recent penny stock success story is GameStop Corp. (NYSE: GME).

Back in 2020, GameStop was a penny stock…

In 2021, it went supernova on one of the greatest short squeezes of all time. It hit an all-time high of $483 before falling.

LOL HILARIOUSSSSSS $GME #wallstreetbets #gamestonk #RedditTrading #GameStop https://t.co/Ur610ME8a2

— Timothy Sykes (@timothysykes) January 29, 2021

If you look at its two-year chart, you can see the long-term downtrend it’s been on. I wouldn’t trade GameStop unless there was some big news. But you can learn from a stock like this.

Study this so you can see the patterns in its chart. It could help you spot similar action in another company with similar growth.

How to Find Penny Stocks Before They Explode

You probably won’t find the next Amazon or Apple by sifting through the penny stock market … But you can find securities that can move 100% or more in a single day.

These are the plays that my students and I like to trade.

Over my 20-plus year trading career, I’m up over $7.4 million in trading profits. I didn’t do it by getting lucky with the ‘most successful penny stocks.’

I did it by being prepared and reacting rather than predicting. Many of these stocks are driven by speculation rather than fundamentals, making it essential to do your homework.

It’s also worth noting that these stocks can be subject to regulatory scrutiny and enforcement actions, so tread carefully.

My strategy is to find plays before they make their full move.

My go-to weapon for finding plays? StocksToTrade.This software is essential for trading penny stocks. There are two key tools on StocksToTrade you need to use — check the guides on my site:

These are my secret weapons in finding hot plays every day. The Breaking News chat room alerts me to important news articles in penny stocks and the overall economy, giving me a crucial trading edge.

In fact, roughly half of my recent trades have been direct effects of Breaking News.

Get a 14-day trial of Breaking News Chat here — only $17!

A good stock screener has many tools, which help traders scan for stocks and do research… That’s important for building the watchlists that let you keep an eye on high-potential penny stocks.

Check out this video where I walk you through how to make a watchlist:

Top 10 Most Successful Penny Stocks in History (3)

I also have some tips for spotting potential breakout penny stock companies. Try to find companies that exhibit these characteristics:

Is a Low-Float Stock

Low-float stocks have less than 10 million shares publicly available that traders can buy. This limited supply can have an effect on big price swings, especially when these stocks have a volume of or exceeding their float.

Shows an Unusual Daily Trading Volume

Stocks with high daily trading volumes tend to be more liquid, which lets you enter and exit positions more easily. This is especially important with volatile stocks like penny stocks.

Is a Former Runner

Stock performance changes over time, but you’ll find clues in the chart. Penny stocks that have run in the past are more likely to run in the future.

Has a Frequent Media Presence

News and press releases often lead to major stock price swings. Find penny stock companies with a strong media presence — news articles are often signs to buy or sell shares.

2 Hot Penny Stocks to Watch in 2023

Here are two penny stocks I’m watching in 2023.

These stocks are often associated with emerging industries, like EV batteries, making them hot targets for traders.

American Battery Technology Co. (OTCQB: ABML) — The EV Battery Penny Stock Play

My first hot penny stock to watch in 2023 is American Battery Technology Co. (OTCQB: ABML).

I’ve traded this stock for $22k in profits since 2020. Even though I haven’t traded it too much recently, it always has a spot on my EV watchlist.

I’m waiting for the EV sector to heat up again. And I think it might in 2023.

Asia Broadband Inc. (OTCPK: AABB) — The Former Supernova True Penny Stock

My second hot penny stock to watch in 2023 is Asia Broadband (OTCPK: AABB).

I’ve traded this former supernova for over $61k since 2020.

This trashy penny stock was one of the stars of 2021…

Now I prefer OTC plays since they move VERY big VERY quickly, as I had massive wins yesterday on $AABB $KNOS $RLLCF & today's gap up tells me I was right to hold $AABB overnight as gold-backed crypto is just too easy of a story for promoters to hype up so I'm riding its coattails

— Timothy Sykes (@timothysykes) February 17, 2021

It went full supernova on a pump surrounding gold-backed crypto. I only kept those gains because I traded safely, and cut my losses quickly.

Now it’s trending again on news that it’s going after market makers for manipulation. It’s joining a weird sector headlined by Genius Group Ltd. (AMEX: GNS) — this other hot penny stock has started a movement of crappy penny stocks accusing the short sellers of the world of illegal short selling…

It’s ridiculous, but it might still lead to big gains.

How Often Do Penny Stocks Succeed?

Penny stocks rarely succeed. The 13 assets discussed in this post — some of which increased by more than 100,000% — are rare.

Here’s a BIG disclaimer: you shouldn’t expect these results from any penny stock.

Benefits of Investing in Penny Stocks

The allure of penny stocks lies in their potential for massive returns. You can double or triple your investments in a short period. But, and it’s a big but, you need to know what you’re doing. I’ve been teaching this content for years, and the first page of my playbook is always about risk management.

The benefits extend beyond just the financial gains. Trading penny stocks can be an excellent way to diversify your portfolio. It allows you to take calculated risks without putting all your funds in one basket. But remember, high returns come with high risks. Always be prepared for the downside.

What Are the Potential Risks Associated with Penny Stocks?

While the upside of penny stocks can be alluring, the risks are equally daunting. These stocks are volatile, subject to market manipulation, and often lack transparency. In some cases, you’re flying blind, relying on scant information to make investment decisions.

I’ve been in this game long enough to know that not every trade will be a winner. That’s why I always emphasize the importance of risk management to my students. You need to set stop-loss orders, diversify your investments, and never invest more than you can afford to lose.

The Bottom Line on the Most Successful Penny Stocks

Penny stocks have insane potential — but few will make it into the ‘most successful penny stock’ hall of fame.

Most penny stocks won’t perform well long-term because of greedy CEOs and sketchy business plans. Then there are promoters and “financial advisors” who pump penny stocks to help get a quick move … then cash out while subscribers are stuck holding a losing stock.

That’s why I teach my students to trade penny stocks — not invest in them.

And I never recommend following alerts. The alerts I send to my students are to teach the process and show what a trading opportunity looks like. My goal is to teach traders to be self-sufficient.

Don’t play guessing games in the market. Instead, learn to day trade and focus on small gains. If you’re dedicated to learning and building experience, consider applying to my Trading Challenge.

What’s the most successful penny stock you’ve ever seen? Let me know in the comments below!

Top 10 Most Successful Penny Stocks in History (2024)

FAQs

Top 10 Most Successful Penny Stocks in History? ›

Before they made it big, Apple, Microsoft, Netflix, Nvidia, and Tesla all started as penny stocks. You could have bought stock for pennies and sold it for hundreds, or even thousands, of dollars per share.

What are the 10 best penny stocks to buy? ›

List of Top 10 Fundamentally Strong Penny Stocks of 2024
  • 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.
Mar 26, 2024

What penny stock has the most potential? ›

Best penny stocks
  • VAALCO Energy (EGY).
  • Ardelyx (ARDX).
  • Savara (SVRA).
  • Iovance Biotherapeutics (IOVA).
  • iQIYI Inc. (IQ).

Did Apple start as a penny stock? ›

Before they made it big, Apple, Microsoft, Netflix, Nvidia, and Tesla all started as penny stocks. You could have bought stock for pennies and sold it for hundreds, or even thousands, of dollars per share.

What are the five best penny stocks to buy? ›

Penny Stock Screener
NamePricePrice Change
ADIL Adial Pharmaceuticals$2.33$0.65 (21.81%)
SPRC SciSparc Ltd.$1.59$0.195 (10.92%)
HYMC Hycroft Mining Holding$3.86$0.38 (8.96%)
LPTX Leap Therapeutics$3.24$0.125 (4.01%)
28 more rows

What is the most successful stock in history? ›

1. Berkshire Hathaway Inc. ($634,440)
  • Berkshire Hathaway is the holding company of billionaire investor Warren Buffett. ...
  • Notable companies under the Berkshire umbrella include GEICO Auto Insurance and Helzberg Diamonds. ...
  • Its brands include well-known Russell Stover, Lindt, and Ghirardelli.

Which penny stocks to watch? ›

List of Penny Stocks
Company NameLTP% Change
Omkar Speciality Chemicals Ltd7.554.86
DCM Financial Services Ltd5.54.76
Sanco Industries Ltd5.754.55
Metalyst Forgings Ltd4.654.49
6 more rows

Which stock will boom in 2024? ›

Best Stocks to Invest in India 2024
S.No.CompanyIndustry/Sector
1.Tata Consultancy Services LtdIT - Software
2.Infosys LtdIT - Software
3.Hindustan Unilever LtdFMCG
4.Reliance Industries LtdRefineries
1 more row
5 days ago

Which 10 stocks to buy right now? ›

  • Buy Sansera Engineering, target price Rs 1251: LKP Securities 7 Hours ago.
  • Buy Supreme Industries, target price Rs 5094: Prabhudas Lilladher 7 Hours ago.
  • Buy Greenpanel Industries, target price Rs 420: Prabhudas Lilladher7 Hours ago.
  • Buy PNB Housing Finance, target price Rs 1000: Motilal Oswal8 Hours ago.
2 days ago

How many penny stocks succeed? ›

Due to these factors, penny stocks have a higher failure rate compared to more established stocks. According to a study by the SEC, only about 10% of penny stocks succeed in the long term. This means that a large majority of penny stocks do not perform well and may lead to significant losses for investors.

Have any penny stocks made it big? ›

Sure, some penny stocks turned out to be massive success stories, like Apple, Ford Motor, and Monster Beverage. Find a similar success story like those top penny stocks, and you stand to make a fortune. However, you have to be willing to do the research to find them in a sea of duds.

What are red hot penny shares? ›

"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.

What are the top 2 penny stocks? ›

List of Best Penny Stocks to Buy now in India
Sr.No.Company NameMarket Cap
1ALOK INDUSTRIES LTD13,481
2DISH TV INDIA LTD3,020
3MOREPEN LABORATORIES LTD2,011
4GMR INFRASTRUCTURE LTD45,360
17 more rows
Mar 14, 2024

Why not to invest in penny stocks? ›

High risk of loss: Penny stocks are inherently risky. Due to their low liquidity and small market capitalisation, they are susceptible to price manipulation, fraud, and sudden declines. Investors may experience substantial losses, and some penny stocks may even become worthless.

Is Tesla a penny stock? ›

(NASDAQ:AMZN), Tesla, Inc. (NASDAQ:TSLA), and Advanced Micro Devices, Inc. (NASDAQ:AMD) are met by QUALCOMM Incorporated (NASDAQ:QCOM) in our list of penny stocks that made it big.

Has there ever been a successful penny stock? ›

Monster Beverages NASDAQ: MNST

In 2003, savvy investors could have scored Monster shares for as low as $0.25. Instead, this former penny stock has seen massive gains for investors that have continued to hold for the past decade, hence why they're a part of our famous penny stocks list.

What are the best penny stocks to buy in 2024? ›

Here are the top 10 penny stocks to consider for potential growth in 2024:
  • Jaiprakash Power Ventures Ltd. ...
  • Taparia Tools Ltd. ...
  • Virgo Global Ltd. ...
  • Brightcom Group Ltd. ...
  • Swiss Military Consumer Goods Ltd. ...
  • Alok Industries Ltd. ...
  • Suzlon Energy Ltd. ...
  • Indian Overseas Bank.
3 days ago

What percentage of penny stocks are successful? ›

According to a study by the Securities and Exchange Commission (SEC), the majority of penny stocks are speculative and have limited liquidity, making them difficult to sell. The study found that only about one in 1,000 penny stocks become successful mid-cap or large-cap companies.

Top Articles
Latest Posts
Article information

Author: Duane Harber

Last Updated:

Views: 5618

Rating: 4 / 5 (51 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Duane Harber

Birthday: 1999-10-17

Address: Apt. 404 9899 Magnolia Roads, Port Royceville, ID 78186

Phone: +186911129794335

Job: Human Hospitality Planner

Hobby: Listening to music, Orienteering, Knapping, Dance, Mountain biking, Fishing, Pottery

Introduction: My name is Duane Harber, I am a modern, clever, handsome, fair, agreeable, inexpensive, beautiful person who loves writing and wants to share my knowledge and understanding with you.