Want to make small investments? Penny stocks are what you’re looking for! We’ll tell you how to find and buy new penny stocks on Paytm money in the easiest way.
Come on let’s have a deeper look into these stocks!!
Small publicly traded enterprises that are listed on stock exchanges as PENNY STOCKS often have a price below INR 10. Since they are not regularly traded equities, abrupt spikes in market volatility typically determine the potential profits for investors.
- The small market cap
- The value of smaller denominations is generally less than ₹10.
Due to their huge bid-ask spreads, small market size, and lack of liquidity, penny stocks are typically seen as being very speculative.
How to find penny stocks?
Investors should perform considerable research before investing in a penny stock i.e Do your homework on the business.
- Investors can also practise buying and selling stocks using the paper trading method, which simulates trading without spending real money. Maintain regular investment monitoring.
- Stocks from over-the-counter (OTC) marketplaces should be chosen.
- Also, avoid equities listed on the Pink Sheets, which are more susceptible to manipulation.
- Don’t invest in pump-and-dump stocks.
- Avoid low-liquidity penny stocks. Decide when to sell your penny stocks to maximise your potential for profit. Use only money that you can afford to lose while trading penny stocks.
HOW DO I INVEST MONEY ONLINE USING PAYTM?
A smartphone app designed exclusively for payments and recharges Paytm is a digital wallet. Paytm Money offers penny stock investments.
- STEP =1 Install the “Paytm Money” app and sign in using your Paytm credentials. Enter the OTP that Paytm sends to your registered mobile phone. Here, you can explore “Future Options,” invest in penny stocks, mutual funds, and NPS, and get guides for creating a portfolio of outperforming stocks and ETFs using WealthBasket.
- STEP = 2 You can access the “Stocks and IPO” section by logging into your Paytm app and selecting the “All Services” icon.
- STEP =3 When you click on “Penny Stocks,” you will be redirected to the Paytm Money app or a browser to view it.
- STEP = 4 Hereafter you can search for the stock you need to buy, for instance, it was 3 PLAND, Now an important thing, you need to check the upper and lower circuits. (The term upper circuit refers to the highest price at which a stock may trade on a given day. The lowest circuit refers to the lowest price at which the stock may trade on that particular day.)
- STEP=5 Now if there are no upper and lower circuits, you may proceed and buy it after selecting the quantity.
- STEP=6 Now go to the portfolio section and then to positions.
Hurray, you did it!!!
