Here are some penny stocks to consider for 2024:
- Goyal Aluminiums Ltd: A company that focuses on the electric vehicle and energy storage industries. It has a market capitalization of ₹138 crore, a Return on Equity (ROE) of 12.80%, and a current stock price of ₹9.92.
- Anjani Finance Ltd: A company with a 5Y Avg Net Profit Margin (%) of 112.91.
- Ashirwad Capital Ltd: A company with a 5Y Avg Net Profit Margin (%) of 77.67.
- Hindusthan Udyog Ltd: A company with a 5Y Avg Net Profit Margin (%) of 76.99.
- Sheraton Properties and Finance Ltd: A company with a 5Y Avg Net Profit Margin (%) of 74.2.
- Almondz Global Securities Ltd: An investment banking and brokerage company.
- Avonmore Capital & Management Services Ltd: An investment banking and brokerage company.
- Welspun Specialty Solutions Ltd: An iron and steel company.
- Diligent Media Corporation Ltd: A publishing company.
- Sarveshwar Foods Ltd: A company with a price of ₹9.53 and a Net Profit Qtr of ₹8 Cr.
- Sunshine Capital Ltd: A company with a price of ₹1.69 and a Net Profit Qtr of ₹3 Cr.
- Mishtann Foods Ltd: A company with a price of ₹7.51 and a Net Profit Qtr of ₹107 Cr.
- Vikas Lifecare Ltd: A company with a price of ₹4.40 and a Net Profit Qtr of ₹2 Cr
One such penny stock is Airship AI Holdings (AISP), which is capitalizing on the rapidly expanding artificial intelligence (AI) market. Airship recently bagged a contract with the U.S. Department of Homeland Security (DHS), attracting investor attention
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