Are you searching Best Penny Stocks List in India, which the price of the share is less than Rs. 99/-.
Penny Stocks are very popular among the Retail Investors.
What are Penny Stocks?
Penny Stocks are those stocks that trade at a very low rate, they have small market capitalization; this is why penny stocks are also known as Nano-cap stocks, micro-cap stocks and small-cap stocks as per the financing of the company.
Penny Stocks have high Return and also carries high Risk. Penny Stocks stocks is about selecting the good quality companies with good Management in the early stage.
Best Penny Stocks List in India: Model Watchlist
If one wants to bring down the list to 4 to 5 stocks for closely tracking, then the below table is suitable for a beginner.
|Sr. No||Company Name||BSE Scrip Code||NSE Symbol||CMP (Rs.) 4 June|
|5||HBL Power Systems||517271||HBLPOWER||45.2|
List of Best Penny Stocks to Buy in India
So here is the List of Penny Stocks in India in the year 2021
|Company Name||Share Price||Market capital||Book Value Per Share|
|Reliance Power||₹14||₹4,767 cr||₹36|
|Jaiprakash Power||₹4.35||₹2,961 cr||₹9.5|
|South Indian Bank||₹10.8||₹2,254 cr||₹27.8|
|Vodafone Idea||₹11.2||₹32,400 cr||₹(-13.3)|
|Dish TV||₹19.8||₹3,655 cr||₹14.6|
|KM Sugar Mills||₹26.6||₹243 cr||₹23.2|
|Alankit Ltd||₹16.2||₹232 cr||₹6.6|
|Piccadilly Agro Industries||₹20.8||₹197 cr||₹19.6|
|Orient Green||₹3.3||₹246 cr||₹6|
|Genus Paper & Board||₹10.2||₹261 cr||₹14|
|MSP Steel & Power||₹10||₹385 cr||₹7.96|
|Jayaswal Neco Industries||₹20.4||₹1,312 cr||₹(-21)|
|ASI Industries||₹16.6||₹150 cr||₹39|
|Syncom Formulations||₹6.01||₹475 cr||₹2.37|
|Pritika Auto||₹17.3||₹154 cr||₹14.4|
Shares that are available between 1 to 10 rupees
Many Good stocks which were trading below Rs 10 are no longer available at this price. But still, there are some good stocks trading below Rs 10. Here are the names of them.
- Jaiprakash Power
- Syncom Formulations
- Genus Paper & Boards
- Vodafone Idea
- South Indian Bank
Best Penny Stocks Available below Rs 20
Along with shares mentioned above, these are the stocks available below Rs 20 in India.
- Alankit Limited
- Reliance Power
- ASI Industries
- Dish TV
- Pritika Auto
Are Penny Stocks Really Good for the Investment purpose?
Some Penny stocks tend to move for only a short period of time. However, there could be some Good Penny shares which keeps moving higher in long term and eventually turns into a 3 digit stock in the future!
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