Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Best Penny Stock List to Buy in India in 2022

Contents
  • Penny Stock List
    • Penny Stock Meaning
    • Why Penny Stocks are Called Penny Stocks
    • Best Penny Stocks to Buy
    • Low Price Shares List- Penny Stock NSE
    • Low Price Shares List- Penny Stock BSE
    • Debt Free Penny Stock
    • Why Should you Invest in Penny Stocks
    • Penny Stock List
    • What is Penny Stock in India?
    • Why Penny Stocks are Called Penny Stocks?
    • Where can I get a list of penny stocks?
    • When it comes to penny stocks, how long should you keep them?
    • Why Should you Invest in Penny Stocks?

Penny Stock List

Penny stocks are a type of market traded security with meager prices. Companies with lower market capitalization rates are more likely to offer these securities. Depending on the company’s market capitalization, these are also known as nano-cap stocks, micro-cap stocks, and small-cap stocks.

The product of the current price of a company’s shares or stocks and the number of outstanding shares, i.e., NAV of shares x number of great stores, determines its market capitalization rate.

Based on this factor, companies are indexed in recognized stock exchanges such as the National Stock Exchange and the Bombay Stock Exchange. Penny stock lists are frequently found in the lower sections of lesser-known stock exchanges.

Penny Stock Meaning

Penny stocks trade at a meager price, usually less than 50 rupees. They are illiquid and have a low market capitalization. The general investing public is unfamiliar with penny stocks. Investors avoid them because the information about their fundamentals and operations is either unreliable or unavailable. On the other hand, Penny stocks are known for producing multi-bagger returns in just a few trading sessions.

In other words, Penny stocks are traded at a low price and volume in India. In India, penny stocks have a minimum fee of Rs. 0.01. In India, penny stocks are traded on the NSE and BSE.

Why Penny Stocks are Called Penny Stocks

Penny stocks trade at such low rates because most traders buying penny stocks don’t give a damn about them and want to get out as soon as possible once they’ve made a decent profit. In India, penny stocks frequently do not adhere to exchange regulations. They aren’t even honest about their reporting.

Penny stocks only move when there is some news or a turnaround story. As a result of the speculation, trading volumes rise, and prices rise. However, only a tiny percentage of them turn out to be accurate or genuinely strong on a fundamental level. Any bad news sends the price plummeting.

Best Penny Stocks to Buy

Rating
(Stars)Sr. No.
Company NameBSE Scrip Code NSE Symbol
CMP (Rs.)  Mar 2022
Rating
(Stars)
Industry
1.ALOK INDUSTRIES LTD521070ALOKINDS
20.5
#N/ATEXTILES
2.DISH TV INDIA LTD532839DISHTV15.20.5BROADCASTING & CABLE TV
3.MOREPEN LABORATORIES LTD500288MOREPENLAB56.30.5MOREPENLAB
4.GMR INFRASTRUCTURE LTD532754GMRINFRA26.20.5AIRPORT SERVICES
5.HFCL500183HFCL45.00.5TELECOM CABLES
6.VODAFONE IDEA LTD532822IDEA8.800.5TELECOM SERVICES
7.JAMMU&KASHMIR BANK LTD532209J&KBANK29.40.5BANKS
8.BANK OF MAHARASHTRA LTD532525MAHABANK25.70.5BANKS
9.INDIAN OVERSEAS BANK532388IOB17.50.5BANKS
10.MMTC LTD513377MMTC58.20.5COMM.TRADING & DISTRIBUTION
11.NBCC LTD534309NBCC47.90.5CONSTRUCTION & ENGINEERING
12.RAIL VIKAS NIGAM LTD542649RVNL29.70.5CONSTRUCTION & ENGINEERING
13.NATIONAL FERTILIZERS LTD523630NFL68.20.5FERTILIZERS
14.SJVN LTD533206SJVN27.82ELECTRIC UTILITIES
15.MANALI PETROCHEMICAL LTD500268MANALIPETC81.10.5PETROCHEMICALS
16.TV18 BROADCAST LTD532800TV18BRDCST41.90.5
BROADCASTING & CABLE TV
17.TRIDENT LTD521064TRIDENT16.00.5TEXTILES
18.NHPC LTD533098NHPC25.81ELECTRIC UTILITIES
19.HBL POWER SYSTEMS LTD517271HBLPOWER45.20.5HBLPOWER
20.YES BANK LTD532648YESBANK13.41BANKS

Penny stock traders and investors are typically the lower class of retail investors who do not maintain a portfolio and invest in them based on news or tips from a variety of sources.

They believe that because the price is so low, they will not lose much money, but if the stock turns out to be good, their investment could double or triple. Investors should keep in mind, however, that even if they are only investing a small amount, they can lose their entire investment.

Low Price Shares List- Penny Stock NSE

Here are some of the National Stock Exchange’s Highest Net Profit Margin Penny Stocks with a price range of 0 to 25. These are also some of India’s cheapest stocks and can be considered among the best penny stocks to invest in.

Net Profit Margin %Price (Rs)Net Profit Margin %
Indian Railway Finance Corp Ltd22.2528.00
Hathway Cable and Datacom Ltd19.5512.97
Bank of Maharashtra Ltd18.953.94
Indian Overseas Bank19.203.69
Suzlon Energy Ltd10.152.49
UCO Bank12.600.92
Ujjivan Small Finance Bank Ltd17.950.27

Low Price Shares List- Penny Stock BSE

The following are some of the Bombay Stock Exchange’s Penny Stocks with the Highest Net Profit Margin. These are also some of India’s cheapest stocks.

Note: These are the Penny Stocks with the Highest Net Profit Margin in the Price Range of 0 – 25.

Stock NamePrice (Rs)Market Capital (crores)
Siddha Ventures Ltd7.771930.77
Gajanan Securities Services Ltd10127.36
Fruition Venture Ltd11.49125.93
Balgopal Commercial Ltd10.61104.15
S P Capital Financing Ltd22.7592.82
Indo Asia Finance Ltd10.5292.71
Haria Exports Ltd6.3289.17
Trans Freight Containers Ltd15.8584.12
Integra Telecommunication and Software Ltd25.0083.85
Ashirwad Capital Ltd7.3981.69

Debt Free Penny Stock

The Debt-Free Penny Stock List between the price ranges of 0 and 25 is shown in the table below. These businesses had no outstanding loans at the end of the previous fiscal year.

Stock Name
Price
3P Land Holdings Ltd16.15
BSEL Infrastructure Realty Ltd1.45
Blue Chip India Ltd0.40
Diligent Media Corporation Ltd2.20
GI Engineering Solutions Ltd3.60
Sri Havisha Hospitality and Infrastructure Ltd2.85
Hathway Cable and Datacom Ltd19.55
Indbank Merchant Banking Services Ltd24.35
Jain Studios Ltd2.35
IL & FS Investment Managers Ltd8.00

Why Should you Invest in Penny Stocks

Penny stocks can be more volatile than other stocks in terms of price. There’s no guarantee that they’ll give you a good return on your investment. The value of penny stocks could plummet.

Penny stocks are known for their high price volatility and lack a formal listing on the exchange. When investing in penny stocks, the risks are usually high, especially when trading them online.

Penny stocks are shares with a low market value traded on over-the-counter bulletin boards. Unlike regular trading, investors buy these securities from brokers or dealers rather than the company itself. By raising the stock price, they’re selling to you, these dealers profit. As a result, they’re also known as marketers.’

In general, penny stocks are quoted with two different prices: bid and ask. The bid price is the price at which a dealer will buy the security from you, whereas the asking price is the price at which a dealer will sell the deposit to you. The spread is the difference between these prices, and it varies between penny stocks.

The spread shows how expensive or inexpensive a penny stock is. The wider the space, the more expensive it is for investors to buy these securities, which could mean higher risks for investors hoping to profit from price appreciation.

Penny stocks can be more volatile than other stocks in terms of price. There’s no guarantee that they’ll give you a good return on your investment. The value of penny stocks could plummet.

Penny stocks are known for their high price volatility and lack a formal listing on the exchange. When investing in penny stocks, the risks are usually high, especially when trading them online.

Penny stocks are shares with a low market value traded on over-the-counter bulletin boards. Unlike regular trading, investors buy these securities from brokers or dealers rather than the company itself. By raising the stock price, they’re selling to you, these dealers profit. As a result, they’re also known as marketers.’

In general, penny stocks are quoted with two different prices: bid and ask. The bid price is the price at which a dealer will buy the security from you, whereas the asking price is the price at which a dealer will sell the deposit to you. The spread is the difference between these prices, and it varies between penny stocks.

The spread shows how expensive or inexpensive a penny stock is. The wider the space, the more expensive it is for investors to buy these securities, which could mean higher risks for investors hoping to profit from price appreciation.

Some investors believe it is not worth it to invest in penny stocks because of the risk involved. Others argue that they’re fine if you know what you’re doing and have the time to monitor your investments carefully.

Penny Stock List

Thank you very much for reading this article. If you need any information related to this article, you can tell us through the comment box. Do share this article with your friends or relatives. Thanks once again.

What is Penny Stock in India?

Penny stocks trade at a meager price, usually less than 50 rupees. They are illiquid and have a low market capitalization. The general investing public is unfamiliar with penny stocks. Investors avoid them because the information about their fundamentals and operations is either unreliable or unavailable. On the other hand, Penny stocks are known for producing multi-bagger returns in just a few trading sessions.

Why Penny Stocks are Called Penny Stocks?

Penny stocks only move when there is some news or a turnaround story. As a result of the speculation, trading volumes rise, and prices rise. However, only a tiny percentage of them turn out to be accurate or genuinely robust on a fundamental level. Any bad news sends the price plummeting.

Where can I get a list of penny stocks?

Finding a penny stock listing website is only the beginning. Wall Street Survivor’s Investing Ideas page, which lists various penny stocks, is an excellent place to start. Another option is to use MSN’s Stock Screener, which lets you filter stocks based on criteria such as price per share.

When it comes to penny stocks, how long should you keep them?

Experts may hold the stock for as little as 6 minutes or as long as six months: If you’re a day trader, you might buy and sell stocks every five or ten minutes on average. Penny stock investors, on the other hand, who are looking for long-term investments and don’t want to trade based on momentum, may hold penny stocks for up to six months.

Why Should you Invest in Penny Stocks?

Penny stocks can be more volatile than other stocks in terms of price. There’s no guarantee that they’ll give you a good return on your investment. The value of penny stocks could plummet at any time.
Penny stocks are known for their high price volatility and lack a formal listing on the exchange. When investing in penny stocks, the risks are usually high, especially when trading them online.



This post first appeared on What Is Staking Crypto, please read the originial post: here

Share the post

Best Penny Stock List to Buy in India in 2022

×

Subscribe to What Is Staking Crypto

Get updates delivered right to your inbox!

Thank you for your subscription

×