27 C
Gurugram
Wednesday, September 28, 2022

List Of Best Penny Stocks In Share Market

Must read

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. 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. No Company Name Industry CMP (Rs.)  Mar 2022 BSE Scrip Code NSE Symbol Rating
(Stars)
1 ALOK INDUSTRIES LTD TEXTILES 20.5 521070 ALOKINDS #N/A
2 DISH TV INDIA LTD BROADCASTING & CABLE TV 15.2 532839 DISHTV 0.5
3 MOREPEN LABORATORIES LTD MOREPENLAB 56.3 500288 MOREPENLAB 0.5
4 GMR INFRASTRUCTURE LTD AIRPORT SERVICES 26.2 532754 GMRINFRA 0.5
5 HFCL TELECOM CABLES 45 500183 HFCL 0.5
6 VODAFONE IDEA LTD TELECOM SERVICES 8.8 532822 IDEA 0.5
7 JAMMU&KASHMIR BANK LTD BANKS 29.4 532209 J&KBANK 0.5
8 BANK OF MAHARASHTRA LTD BANKS 25.7 532525 MAHABANK 0.5
9 INDIAN OVERSEAS BANK BANKS 17.5 532388 IOB 0.5
10 MMTC LTD COMM.TRADING & DISTRIBUTION 58.2 513377 MMTC 0.5
11 NBCC LTD CONSTRUCTION & ENGINEERING 47.9 534309 NBCC 0.5
12 RAIL VIKAS NIGAM LTD CONSTRUCTION & ENGINEERING 29.7 542649 RVNL 0.5
13 NATIONAL FERTILIZERS LTD FERTILIZERS 68.2 523630 NFL 0.5
14 SJVN LTD ELECTRIC UTILITIES 27.8 533206 SJVN 2
15 MANALI PETROCHEMICAL LTD PETROCHEMICALS 81.1 500268 MANALIPETC 0.5
16 TV18 BROADCAST LTD BROADCASTING & CABLE TV 41.9 532800 TV18BRDCST 0.5
17 TRIDENT LTD TEXTILES 16 521064 TRIDENT 0.5
18 NHPC LTD ELECTRIC UTILITIES 25.8 533098 NHPC 1
19 UJJIVAN SMALL FINANCE BANK LTD BANKS 29.4 542904 UJJIVAN SFB 3
20 HBL POWER SYSTEMS LTD HBLPOWER 45.2 517271 HBLPOWER 0.5
21 YES BANK LTD BANKS 13.4 532648 YESBANK 1

 

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.

What Is NSE & BSE | Best Penny Stocks | Fundamental Analysis In Share Market | How To Invest in Share Market | Types of Trading in Stock Market

Contact US


- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Contact US


Latest article

Stock Market Trend

Dubai Visa from India

How To File Income Tax Return