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List of Best Penny Stocks in Share Market

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What are Penny Stocks?

Penny stocks are often the first natural stop for many new investors. Penny stocks, as the title indicates, are enterprises that trade their shares at a cheap rate, in India that price can be as low as Rs. 0.01. 

It is indeed easy to imagine why beginners get pulled along by the idea of investing in a firm for a few paise and then trading it to make a decent sum when the price rises into a higher range.

List of Best Penny Stocks in Share Market

Because of the incredibly cheap pricing, an investor may hold a number of stocks for a fairly modest sum of money. With that size, a few pennies per share gain may result in huge percentage profits, however, the tables can turn to make huge losses as well.

For various causes, including a liquidity problem, the amount by which the list price surpasses the bid price for an instrument, a small market valuation, and restricted circulation and transparency, such stocks are often regarded as extremely uncertain and carry significant risk.

The range illustrates how costly or cheaply a penny stock is trading. The wider the gap, the costlier it is for investors to acquire them, which might convert to increased risks for investors hoping to profit from such assets’ price rise.

Due to the obvious risks inherent with penny stocks, many investors believe it is not worth investing in them. However, there are a decent number of investors who believe that they’re fine if you understand and stick to a disciplined strategy and have the time to thoroughly manage your assets.

Best Penny Stocks in Indian Share Market

Sr. NoCompany NameIndustryCMP (Rs.)  Mar 2022BSE Scrip CodeNSE SymbolRating
(Stars)
1ALOK INDUSTRIES LTDTEXTILES20.5521070ALOKINDS#N/A
2DISH TV INDIA LTDBROADCASTING & CABLE TV15.2532839DISHTV0.5
3MOREPEN LABORATORIES LTDMOREPENLAB56.3500288MOREPENLAB0.5
4GMR INFRASTRUCTURE LTDAIRPORT SERVICES26.2532754GMRINFRA0.5
5HFCLTELECOM CABLES45500183HFCL0.5
6VODAFONE IDEA LTDTELECOM SERVICES8.8532822IDEA0.5
7JAMMU&KASHMIR BANK LTDBANKS29.4532209J&KBANK0.5
8BANK OF MAHARASHTRA LTDBANKS25.7532525MAHABANK0.5
9INDIAN OVERSEAS BANKBANKS17.5532388IOB0.5
10MMTC LTDCOMM.TRADING & DISTRIBUTION58.2513377MMTC0.5
11NBCC LTDCONSTRUCTION & ENGINEERING47.9534309NBCC0.5
12RAIL VIKAS NIGAM LTDCONSTRUCTION & ENGINEERING29.7542649RVNL0.5
13NATIONAL FERTILIZERS LTDFERTILIZERS68.2523630NFL0.5
14SJVN LTDELECTRIC UTILITIES27.8533206SJVN2
15MANALI PETROCHEMICAL LTDPETROCHEMICALS81.1500268MANALIPETC0.5
16TV18 BROADCAST LTDBROADCASTING & CABLE TV41.9532800TV18BRDCST0.5
17TRIDENT LTDTEXTILES16521064TRIDENT0.5
18NHPC LTDELECTRIC UTILITIES25.8533098NHPC1
19UJJIVAN SMALL FINANCE BANK LTDBANKS29.4542904UJJIVAN SFB3
20HBL POWER SYSTEMS LTDHBLPOWER45.2517271HBLPOWER0.5
21YES BANK LTDBANKS13.4532648YESBANK1

The above list is curated for information purposes only, and if you wish to get your hands on penny stocks you must first consult your fund manager or broker.

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