Penny Stock List
Penny stocks are a type of market traded security with extremely low prices. Companies with lower market capitalization rates are more likely to offer these securities. Depending on the market capitalization of the company, 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 outstanding stocks, determines its market capitalization rate.
Companies are indexed in recognized stock exchanges such as the National Stock Exchange and the Bombay Stock Exchange based on this factor. Penny stock lists are frequently found in the lower sections of lesser-known stock exchanges.
What is Penny Stock in India
Penny stocks are those that trade at a very low 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. Penny stocks, on the other hand, are known for producing multi-bagger returns in just a few trading sessions.
In other words, Penny stocks are those that are traded at a low price and volume in India. In India, penny stocks have a minimum price 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 for a reason: 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 small percentage of them turn out to be true or genuinely strong on a fundamental level. Any bad news sends the price plummeting.
Best Penny Stocks to Buy Today
| Rating (Stars)Sr. No. |
Company Name | BSE Scrip Code | NSE Symbol | CMP (Rs.) Mar 2022 |
Rating (Stars) |
Industry |
|---|---|---|---|---|---|---|
| 1. | ALOK INDUSTRIES LTD | 521070 | ALOKINDS | 20.5 | #N/A | TEXTILES |
| 2. | DISH TV INDIA LTD | 532839 | DISHTV | 15.2 | 0.5 | BROADCASTING & CABLE TV |
| 3. | MOREPEN LABORATORIES LTD | 500288 | MOREPENLAB | 56.3 | 0.5 | MOREPENLAB |
| 4. | GMR INFRASTRUCTURE LTD | 532754 | GMRINFRA | 26.2 | 0.5 | AIRPORT SERVICES |
| 5. | HFCL | 500183 | HFCL | 45.0 | 0.5 | TELECOM CABLES |
| 6. | VODAFONE IDEA LTD | 532822 | IDEA | 8.80 | 0.5 | TELECOM SERVICES |
| 7. | JAMMU&KASHMIR BANK LTD | 532209 | J&KBANK | 29.4 | 0.5 | BANKS |
| 8. | BANK OF MAHARASHTRA LTD | 532525 | MAHABANK | 25.7 | 0.5 | BANKS |
| 9. | INDIAN OVERSEAS BANK | 532388 | IOB | 17.5 | 0.5 | BANKS |
| 10. | MMTC LTD | 513377 | MMTC | 58.2 | 0.5 | COMM.TRADING & DISTRIBUTION |
| 11. | NBCC LTD | 534309 | NBCC | 47.9 | 0.5 | CONSTRUCTION & ENGINEERING |
| 12. | RAIL VIKAS NIGAM LTD | 542649 | RVNL | 29.7 | 0.5 | CONSTRUCTION & ENGINEERING |
| 13. | NATIONAL FERTILIZERS LTD | 523630 | NFL | 68.2 | 0.5 | FERTILIZERS |
| 14. | SJVN LTD | 533206 | SJVN | 27.8 | 2 | ELECTRIC UTILITIES |
| 15. | MANALI PETROCHEMICAL LTD | 500268 | MANALIPETC | 81.1 | 0.5 | PETROCHEMICALS |
| 16. | TV18 BROADCAST LTD | 532800 | TV18BRDCST | 41.9 | 0.5 | BROADCASTING & CABLE TV |
| 17. | TRIDENT LTD | 521064 | TRIDENT | 16.0 | 0.5 | TEXTILES |
| 18. | NHPC LTD | 533098 | NHPC | 25.8 | 1 | ELECTRIC UTILITIES |
| 19. | HBL POWER SYSTEMS LTD | 517271 | HBLPOWER | 45.2 | 0.5 | HBLPOWER |
| 20. | YES BANK LTD | 532648 | YESBANK | 13.4 | 1 | BANKS |
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 Ltd | 22.25 | 28.00 |
| Hathway Cable and Datacom Ltd | 19.55 | 12.97 |
| Bank of Maharashtra Ltd | 18.95 | 3.94 |
| Indian Overseas Bank | 19.20 | 3.69 |
| Suzlon Energy Ltd | 10.15 | 2.49 |
| UCO Bank | 12.60 | 0.92 |
| Ujjivan Small Finance Bank Ltd | 17.95 | 0.27 |
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 Name | Price (Rs) | Market Capital (crores) |
|---|---|---|
| Siddha Ventures Ltd | 7.77 | 1930.77 |
| Gajanan Securities Services Ltd | 10 | 127.36 |
| Fruition Venture Ltd | 11.49 | 125.93 |
| Balgopal Commercial Ltd | 10.61 | 104.15 |
| S P Capital Financing Ltd | 22.75 | 92.82 |
| Indo Asia Finance Ltd | 10.52 | 92.71 |
| Haria Exports Ltd | 6.32 | 89.17 |
| Trans Freight Containers Ltd | 15.85 | 84.12 |
| Integra Telecommunication and Software Ltd | 25.00 | 83.85 |
| Ashirwad Capital Ltd | 7.39 | 81.69 |
Debt Free Penny Stock List
The Debt-Free Penny Stock List between the price ranges of 0 and 25 is shown in the table below. These are businesses that had no outstanding loans at the end of the previous fiscal year.
| Stock Name | Price |
|---|---|
| 3P Land Holdings Ltd | 16.15 |
| BSEL Infrastructure Realty Ltd | 1.45 |
| Blue Chip India Ltd | 0.40 |
| Diligent Media Corporation Ltd | 2.20 |
| GI Engineering Solutions Ltd | 3.60 |
| Sri Havisha Hospitality and Infrastructure Ltd | 2.85 |
| Hathway Cable and Datacom Ltd | 19.55 |
| Indbank Merchant Banking Services Ltd | 24.35 |
| Jain Studios Ltd | 2.35 |
| IL & FS Investment Managers Ltd | 8.00 |
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 at any time.
Penny stocks are known for their high price volatility and lack a formal listing on the exchange. When it comes to investing in penny stocks, the risks are usually high, especially when trading them online.
Penny stocks are shares with a low market value that are 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 price of the stock 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 security 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 spread, 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 if you know what you’re doing and have the time to carefully monitor your investments, they’re fine.
Penny Stock List
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What is Penny Stock in India?
Penny stocks are those that trade at a very low 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. Penny stocks, on the other hand, 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 small percentage of them turn out to be true or genuinely strong 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 a good 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 6 months: If you’re a day trader, you might be buying and selling 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 it comes to investing in penny stocks, the risks are usually high, especially when trading them online.
