Penny Stocks
Kickstart your investing journey with affordable small-scale penny stocks, which you can buy under/below INR10.
Affordable Entry
Potential of Great Returns
Nearly risk-free
Historic profits of up to 500% or more
List of Best Penny Stocks to Buy Today
Penny Stocks List
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| Name | Price | M Cap | Analyst Rating | Target Price | Alpha | 1Y Return | 3Y Return | 5Y Return | PE | Industry PE | PB | Beta | Div Yld | Net Profit Qtr | Net Profit QoQ % | Net Profit YoY % | Net Profit 3Y Change % | Rev Qtr (in Cr) | Rev QoQ (in %) | Rev 1Y change % | Rev 3Y change % | Profit Mar Qtr | Profit Mar QoQ | Profit Mar 1Y Change% | Profit Mar 3Y Change% | Sector | M Cap | ROE | ROCE | EPS | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 RattanIndia Power Ltd | ₹9.15 | Small Cap | NA | NA | 167.5% | 192.06% | 228.57% | 253.85% | -2.2 | 31.8 | 0.28 | 0.87 | NA | -586.97 Cr | 806.38 | 1.25% | 82.15% | Utilities | 4940.5 | 4.34% | 6.97% | 98102970 | |||||||||
 GTL Infrastructure Ltd | ₹1.75 | Small Cap | NA | NA | 87.94% | 112.5% | 142.86% | 88.89% | 0 | 151.68 | -0.19 | 0.81 | NA | 0 Cr | 0% | NA | 0% | 4.31% | 0% | Communication Services | 2177.19 | NA | NA | 0 | 102837378 | ||||||
 Vikas Lifecare Ltd | ₹5.45 | Small Cap | NA | NA | 40.52% | 65.08% | 111.38% | 21.21% | -65 | 115.7 | 1.47 | 0.98 | NA | -3.87 Cr | 0% | 99.28 | 57.54% | 0% | 0% | Financial Services | 885.13 | -5.8% | -6.96% | 17966991 | |||||||
 Sarveshwar Foods Ltd | ₹9.00 | Small Cap | NA | NA | 236% | 260.56% | 654.17% | 660.5% | 45.32 | 65.1 | 1.16 | 0.27 | NA | 4.93 Cr | 1.86% | 27.58% | 38.53% | 229.38 | 11.77% | 13.99% | 41.29% | 1.15% | 11.92% | Consumer Defensive | 885.83 | 1.63% | 5.79% | 0.09 | 1978641 | ||
 Rhetan TMT Ltd | ₹9.16 | Small Cap | NA | NA | 424.29% | 424.29% | 0 | 26.15 | 13.96 | 0.79 | NA | 0 Cr | 0% | 0% | 0% | NA | 0% | 0% | 0% | 0% | 0% | 0% | 0% | Steel | 739.5 | 9.94% | 11.02% | 0 | 240000 | ||
 FCS Software Solutions Ltd | ₹3.95 | Small Cap | NA | NA | 65.92% | 90.48% | 515.38% | 1500% | -66.67 | 33.33 | 0.66 | 1.85 | NA | -4.57 Cr | 9.07 | 0.84% | 4.18% | Technology | 683.82 | 0.33% | 0.75% | 0.01 | 5337776 | ||||||||
 Vikas Ecotech Ltd | ₹3.95 | Small Cap | NA | NA | 19.88% | 44.44% | 227.73% | 58.29 | 35.56 | 1 | 0.82 | NA | 0.23 Cr | 65.36 | 29.86% | 108.76% | 1.49% | Consumer Cyclical | 541.46 | 4.09% | 6.81% | 0.08 | 4100002 | ||||||||
| Rajnish Wellness Ltd | ₹6.95 | Small Cap | NA | NA | 0% | 3688.89% | 217.21% | 0 | 75.98 | 15.37 | 0 | NA | 0 Cr | 0% | 0% | 0% | NA | 0% | 0% | 0% | 0% | 0% | 0% | 0% | Consumer Defensive | 524.1 | 0.88% | 1.08% | 0 | 683779 | |
| Mangalam Industrial Finance Ltd | ₹4.45 | Small Cap | NA | NA | 51.43% | 64.16% | 536.11% | 895.65% | 0 | 30.93 | 7.76 | 0 | NA | 0 Cr | 0% | 0% | NA | 0% | 0% | 0% | 0% | Financial Services | 497.18 | NA | NA | 0 | 2654809 | ||||
 Reliance Communications Ltd | ₹1.65 | Small Cap | NA | NA | 22.22% | -0.06 | -31.26 | -0.01 | 0.13 | NA | -2060 Cr | 94.34% | 122.75% | 94 | 100.54% | 158.56% | 21.86% | Communication Services | 456.31 | NA | NA | 2791323 | |||||||||
 Integra Essentia Ltd | ₹4.45 | Small Cap | NA | NA | 3.31% | 27.87% | 526.76% | 2242.11% | 24.7 | 115.7 | 3.66 | -0.67 | NA | 5.92 Cr | 733.8% | 511.93% | 0% | 93.31 | 50.35% | 252.27% | 0% | 2.76% | 454.56% | 73.71% | 0% | Consumer Cyclical | 406.76 | 10.74% | 7.97% | 0.07 | 2576717 |
| Sunshine Capital Ltd | ₹3.52 | Small Cap | NA | NA | 72.26% | 64.15% | 4871.43% | 2075% | 0 | 31.03 | 0.91 | 0 | NA | 0 Cr | 0% | 0% | 0% | NA | 0% | 0% | 0% | 0% | 0% | 0% | 0% | Financial Services | 362.5 | 1.75% | 2.06% | 0 | 515865 |
What are Penny Stocks?
Penny stocks are low-priced shares of small companies, typically traded at INR10 or below. Famous for their high volatility and potential for significant returns, they are a great choice for entry-level investors looking for opportunities at a low entry cost. Despite their potential, penny stocks come with risks such as limited liquidity, less oversight, and susceptibility to market manipulation.
Features of Penny Stocks
High Volatility
Rapid price changes make penny stocks affordable and equally risky. Their small market caps contribute to their vulnerability to market shifts and speculation.
Low Price and Accessibility
Priced at or below INR10, penny stocks allow investors with limited capital to purchase a larger number of shares with a chance to leverage small price movements for gains.
Limited Information
Coming from smaller companies with less regulatory oversight, results in less transparency and available information for these stocks and makes diligent research crucial for investors.
Benefits of buying Penny Stocks
Penny stocks stand out for their affordability, potential for significant gains, and the opportunity to diversify portfolios with emerging industries. Below are six benefits that justify the appeal of penny stocks:
Affordability
Priced at or below INR 10, these stocks are accessible and affordable for a broad range of investors, allowing them to buy a significant number of shares at a relatively small investment.
Potential for High Returns
If the underlying companies experience positive market developments, penny stocks stand to offer substantial returns. A share even with a low share price can translate into high percentage gains.
Opportunity for Diversification
Investing in penny stocks can be a great way to diversify a portfolio beyond traditional stocks and sectors. This can also help spread risk and maximize exposure to emerging industries.
Market Entry for Beginners
Penny stocks can be an excellent way for first-time investors to learn about the stock market, trading practices, and investment strategies without committing large amounts of capital.
Thrill of High-risk & High-reward
For those inclined towards potential high returns, these stocks provide a playground for betting on companies that might turn around or capitalize on emerging trends and potential opportunities.
Liquidity and Flexibility
Penny stocks often have high trading volumes due to their low prices, providing liquidity that makes it easier for investors to enter and exit positions and capitalize on short-term movements.
How to Choose Penny Stocks?
Research
Choosing the right penny stocks involves a mix of research, intuition, and strategy. Look for companies with solid fundamentals, financial health, growth potential, and a competitive edge in their industry.
Market Trends
Pay attention to market trends and news that could impact stock prices. Diversify your investments to spread risk and rely on reputable sources for information to make informed decisions.
Due Diligence
While penny stocks can offer significant returns, they also carry higher risks, making thorough due diligence essential. Do remember to check the data based on market cap, 52 week high and low etc.
Risks and Considerations of Investing in Penny Stocks
High Volatility
Penny stocks are subject to extreme price fluctuations, making them unpredictable and risky. This volatility can lead to substantial losses as quickly as gains.
Limited Liquidity
Some penny stocks have low trading volumes, making it difficult to buy or sell large quantities without affecting the stock price, potentially complicating exit strategies.
Less Transparency
Many companies from the penny stock market may not adhere to the same level of financial reporting as larger, listed companies making it challenging to assess the true value of the investment.
How to Buy Penny Stocks via INDmoney
You can follow these simple steps to buy penny stocks on the INDmoney app:
Step 1
Download the INDmoney app
Step 2
Sign in and create your free investment account by completing your KYC ( Know Your Customer).
Step 3
Click on the INDstocks tab on the bottom left
Step 4
Head to the Penny Stocks listing under the Stock Collections category
Step 5
Look at aspects like past returns, volatility, and underlying stocks and sectors.
Step 6
Simply click on Buy or Sell, as per your liking
FAQs
The suitability of penny stocks as investments in India depends on various factors, including - an investor's risk tolerance, investment goals, and financial situation.
While some investors may see potential for high returns in penny stocks due to their low prices and volatility, they are also associated with higher risks like liquidity concerns and regulatory risks.
Investing in penny stocks in India involves opening a brokerage account with a stockbroker like INDmoney that offers trading on the Indian stock exchanges. Investors can then research and identify penny stocks they are interested in, place buy orders through the selected platform, and monitor their investments closely.
Penny stocks in India carry various risks, including but not limited to:
high and limited volatility, regulatory and company specific risks.
To reduce the risks associated with penny stocks in India, investors can
conduct thorough research on the company's financial health, diversify their investment portfolio across different asset classes, set clear investment goals and establish a disciplined approach to buying and selling penny stocks.
Additionally, one must also be cautious of investment advice from unverified sources and be aware of potential scams or fraudulent schemes.
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