Best Penny Stocks to Buy India (2024)
Penny stocks, typically priced below Rs. 10 or Rs. 20, attract investors because of their low cost and high growth potential. However, they come with significant risks. If you’re looking to invest in these stocks, it’s crucial to understand their characteristics, benefits, and potential downsides. In this article, let’s look at top penny stocks, types of penny stocks, risks, benefits, and more.
List of Top 10 Penny Stocks Under Rs. 10
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ACCU | Accuracy Shipping Ltd | ACCURACY | /stocks/accuracy-shipping-ACCU | Logistics | 8.96 | 18.25 | 7.85 | 134.90 | 275.31 | 47.67 | 1.16 | 0.00 | 0.42 | -3.66 | -50.92 | 186.72 | Smallcap | Transportation | Transportation Infrastructure | Air Freight & Logistics | 4.24 |
| AJOO | Ajooni Biotech Ltd | AJOONI | /stocks/ajooni-biotech-AJOO | Pharmaceuticals | 7.46 | 10.34 | 4.06 | 128.49 | 59.76 | 49.71 | 3.01 | 0.00 | 5.10 | 76.27 | -18.64 | 10.60 | Smallcap | Food, Beverage & Tobacco | Pharmaceuticals | Agricultural Products & Services | -0.54 |
| AKSO | Aksh Optifibre Ltd | AKSHOPTFBR | /stocks/aksh-optifibre-AKSO | Communication & Networking | 10.01 | 15.85 | 7.90 | 162.86 | -2.28 | 34.43 | 4.02 | 0.00 | -123.01 | -2.34 | 11.84 | 61.45 | Smallcap | Technology Hardware & Equipment | Communications Equipment | Communications Equipment | -5.79 |
| ALPS | Alps Industries Ltd | ALPSINDUS | /stocks/alps-industries-ALPS | Textiles | 3.99 | 4.56 | 1.75 | 15.61 | -0.28 | 37.82 | -0.02 | 0.00 | 0.00 | 90.00 | 20.91 | 369.41 | Smallcap | Consumer Durables & Apparel | Textiles, Apparel & Luxury Goods | Textiles | -5.00 |
| AMPL | Ankit Metal & Power Ltd | ANKITMETAL | /stocks/ankit-metal-and-power-AMPL | Iron & Steel | 3.39 | 5.60 | 0.00 | 47.84 | -0.48 | 29.26 | -0.05 | 0.00 | 0.00 | -29.38 | -59.16 | 352.00 | Smallcap | Materials | Metals & Mining | Steel | -4.13 |
| ANTC | Antarctica Ltd | ANTGRAPHIC | /stocks/antarctica-ANTC | Packaging | 1.44 | 2.48 | 0.80 | 22.32 | -53.15 | 29.26 | 1.37 | 0.00 | -2.54 | 69.41 | 69.41 | 161.82 | Smallcap | null | Containers & Packaging | null | 1.39 |
| ARSH | Arshiya Ltd | ARSHIYA | /stocks/arshiya-ARSH | Logistics | 4.38 | 9.75 | 3.06 | 115.40 | -0.04 | 47.67 | 0.73 | 0.00 | -66.74 | 6.83 | -84.90 | -72.63 | Smallcap | Transportation | Transportation Infrastructure | Air Freight & Logistics | -5.02 |
| BAGF | B.A.G. Films and Media Ltd | BAGFILMS | /stocks/bag-films-and-media-BAGF | Movies & TV Serials | 9.50 | 15.40 | 5.85 | 188.02 | 47.24 | -133.99 | 0.90 | 0.00 | 1.97 | 52.00 | 222.03 | 387.18 | Smallcap | Media & Entertainment | Entertainment | Broadcasting | -2.95 |
| BILT | Ballarpur Industries Ltd | BALLARPUR | /stocks/ballarpur-industries-BILT | Paper Products | 0.85 | 1.45 | 0.55 | 109.94 | -0.09 | 20.38 | -0.11 | 0.00 | 0.00 | -29.17 | -29.17 | -29.17 | Smallcap | Materials | Paper & Forest Products | Paper Products | -5.56 |
| BRIH | Brightcom Group Ltd | BCG | /stocks/brightcom-group-BRIH | Advertising | 7.72 | 22.95 | 6.80 | 1,558.30 | 1.14 | -133.99 | 0.22 | 0.00 | 22.30 | -53.63 | -88.66 | 317.30 | Smallcap | Media & Entertainment | Media | Advertising | -4.69 |
| BHRT | Bharatiya Global Infomedia Ltd | BGLOBAL | /stocks/bharatiya-global-infomedia-BHRT | IT Services & Consulting | 3.54 | 4.70 | 2.20 | 5.61 | -2.21 | 34.43 | 0.07 | 0.00 | -2.91 | 47.50 | 24.21 | 24.21 | Smallcap | Software & Services | Software | IT Consulting & Other Services | 4.73 |
| BHEX | Bhandari Hosiery Exports Ltd | BHANDARI | /stocks/bhandari-hosiery-exports-BHEX | Apparel & Accessories | 6.33 | 11.33 | 5.41 | 151.95 | 23.27 | 37.82 | 1.53 | 0.00 | 7.00 | 12.23 | 84.51 | 554.18 | Smallcap | Consumer Durables & Apparel | Textiles, Apparel & Luxury Goods | Apparel, Accessories & Luxury Goods | -1.42 |
| BIRT | Birla Tyres Ltd | BIRLATYRE | /stocks/birla-tyres-BIRT | Tires & Rubber | 5.30 | 5.80 | 3.75 | 75.57 | -2.04 | 63.85 | -0.06 | 0.00 | 0.00 | 4.95 | -73.10 | -62.81 | Smallcap | Automobiles & Components | Auto Components | Tires & Rubber | -4.50 |
| BKMI | BKM Industries Ltd | BKMINDST | /stocks/bkm-industries-BKMI | Packaging | 1.76 | 2.50 | 0.00 | 11.53 | -5.63 | 29.26 | 0.07 | 0.00 | -17.37 | 35.38 | 35.38 | 46.67 | Smallcap | Materials | Containers & Packaging | Metal, Glass & Plastic Containers | 4.76 |
| BLCI | Blue Chip India Ltd | BLUECHIP | /stocks/blue-chip-india-BLCI | Asset Management | 9.02 | 9.80 | 1.25 | 49.88 | -16.97 | 17.34 | 24.57 | 0.00 | -86.22 | 593.85 | 2,477.14 | 2,906.67 | Smallcap | Financial Services | Capital Markets | Asset Management & Custody Banks | -2.11 |
| BCHO | Blue Coast Hotels Ltd | BLUECOAST | /stocks/blue-coast-hotels-BCHO | Hotels, Resorts & Cruise Lines | 9.98 | 10.52 | 5.00 | 12.72 | -1.74 | 37.82 | -0.14 | 0.00 | 0.00 | 50.08 | 54.73 | 439.46 | Smallcap | Consumer Services | Hotels, Restaurants & Leisure | Hotels, Resorts & Cruise Lines | 0.00 |
| BRFL | Bombay Rayon Fashions Ltd | BRFL | /stocks/bombay-rayon-fashions-BRFL | Apparel & Accessories | 2.00 | 2.20 | 1.85 | 63.50 | -0.05 | 64.82 | -0.08 | 0.00 | 0.00 | -9.09 | -77.40 | -52.94 | Smallcap | Consumer Durables & Apparel | Textiles, Apparel & Luxury Goods | Textiles | 2.56 |
| BRGH | Bright Solar Ltd | BRIGHT | /stocks/bright-solar-BRGH | Industrial Machinery | 4.65 | 12.50 | 4.65 | 11.62 | -1.94 | 47.67 | 0.39 | 0.00 | -19.91 | -13.08 | -17.09 | -72.79 | Smallcap | Capital Goods | Machinery | Construction & Engineering | -5.10 |
| BRCL | Burnpur Cement Ltd | BURNPUR | /stocks/burnpur-cement-BRCL | Cement | 6.33 | 12.97 | 5.35 | 54.52 | -0.55 | 29.26 | -0.12 | 0.00 | 0.00 | -22.33 | 111.00 | 450.43 | Smallcap | Materials | Construction Materials | Construction Materials | -1.11 |
| CEIT | Cerebra Integrated Technologies Ltd | CEREBRAINT | /stocks/cerebra-integrated-technologies-CEIT | Technology Hardware | 9.29 | 15.87 | 6.15 | 112.58 | -2.33 | 34.43 | 0.54 | 0.00 | -20.64 | 32.71 | -87.67 | -63.57 | Smallcap | Technology Hardware & Equipment | Electronic Equipment, Instruments & Components | Technology Distributors | -2.05 |
| CMI | CMI Ltd | CMICABLES | /stocks/cmi-CMI | Cables | 4.33 | 8.20 | 4.22 | 6.94 | -0.83 | 47.67 | -0.05 | 0.00 | 0.00 | -31.81 | -89.01 | -92.64 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -5.04 |
| CMMN | CMM Infraprojects Ltd | CMMIPL | /stocks/cmm-infraprojects-CMMN | Construction & Engineering | 2.50 | 5.50 | 1.60 | 3.92 | 18.66 | 47.67 | 0.07 | 0.00 | 0.93 | -40.48 | -82.08 | -23.08 | Smallcap | Capital Goods | Construction & Engineering | Construction & Engineering | -4.00 |
| COMI | Compuage Infocom Ltd | COMPINFO | /stocks/compuage-infocom-COMI | Technology Hardware | 2.54 | 10.15 | 2.43 | 21.79 | -0.19 | 34.43 | 0.09 | 0.00 | 11.14 | -72.69 | -88.96 | -71.62 | Smallcap | Technology Hardware & Equipment | Electronic Equipment, Instruments & Components | Technology Distributors | -5.22 |
| COCO | Country Condo's Ltd | COUNCODOS | /stocks/country-condos-COCO | Real Estate | 6.07 | 8.83 | 4.35 | 47.10 | 29.44 | 60.58 | 1.92 | 0.00 | 6.75 | 37.95 | 83.94 | 279.38 | Smallcap | Real Estate Management & Development | Real Estate | Real Estate Development | -3.29 |
| CRAS | Cranes Software International Ltd | CRANESSOFT | /stocks/cranes-software-international-CRAS | Application Software | 4.35 | 8.35 | 3.00 | 66.10 | -3.63 | 34.43 | -0.07 | 0.00 | 0.00 | 0.00 | 51.57 | 480.00 | Smallcap | Software & Services | Software | Application Software | -0.92 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data in this all penny stocks list is subject real-time updates. The penny stocks have a close price less than Rs. 10 using Tickertape Stock Screener.
Multibagger Penny Stocks to Buy in India
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANU | Anuroop Packaging Ltd | ANUROOP | /stocks/anuroop-packaging-ANU | Paper & Plastic Packaging Products & Materials | 30.78 | 42.30 | 16.74 | 34.02 | 8.34 | 29.26 | 1.32 | 0.00 | 17.24 | 59.90 | 136.77 | 129.70 | Smallcap | Materials | Containers & Packaging | Paper & Plastic Packaging Products & Materials | -2.89 |
| MEF | Mefcom Capital Markets Ltd | MEFCOMCAP | /stocks/mefcom-capital-markets-MEF | Investment Banking & Brokerage | 19.61 | 25.15 | 10.35 | 89.62 | 11.53 | 17.34 | 3.74 | 0.00 | 40.82 | 42.41 | 277.12 | 833.81 | Smallcap | Financial Services | Capital Markets | Investment Banking & Brokerage | 1.27 |
| PLAD | Plada Infotech Services Ltd | PLADAINFO | /stocks/plada-infotech-services-PLAD | Software Services | 27.30 | 47.20 | 24.50 | 23.41 | 8.87 | 34.43 | 3.11 | 0.00 | 36.88 | -35.99 | -48.73 | -48.73 | Smallcap | Commercial & Professional Services | Software | Data Processing & Outsourced Services | 0.00 |
| QUA | Quasar India Ltd | QUASAR | /stocks/quasar-india-QUA | Trading Companies & Distributors | 3.11 | 3.42 | 0.25 | 16.65 | 10.40 | 47.67 | 2.09 | 0.00 | 17.29 | 3.60 | 288.75 | 227.37 | Smallcap | Capital Goods | Trading Companies & Distributors | Trading Companies & Distributors | 1.93 |
| VIPL | Vipul Ltd | VIPULLTD | /stocks/vipul-VIPL | Real Estate | 28.12 | 53.01 | 15.00 | 396.38 | 1.70 | 60.58 | 1.13 | 0.00 | 99.46 | 43.84 | 14.31 | 27.53 | Smallcap | Real Estate Management & Development | Real Estate | Real Estate Development | -3.88 |
Note: The data in this penny share list is from 4th November 2024 and is subject to real-time updates. To learn more about the parameters used to sort the list, click here.
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Debt-Free Penny Stocks in India
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AVAN | Avance Technologies Ltd | AVANCE | /stocks/avance-technologies-AVAN | IT Services & Consulting | 0.95 | 1.71 | 0.55 | 188.28 | 38.58 | 34.43 | 0.50 | 0.00 | 1.31 | 72.73 | 2,467.57 | 2,467.57 | Smallcap | Technology Hardware & Equipment | Software | Technology Distributors | 0.00 |
| BRIH | Brightcom Group Ltd | BCG | /stocks/brightcom-group-BRIH | Advertising | 7.72 | 22.95 | 6.80 | 1,558.30 | 1.14 | -133.99 | 0.22 | 0.00 | 22.30 | -53.63 | -88.66 | 317.30 | Smallcap | Media & Entertainment | Media | Advertising | -4.69 |
| INDIF | Indian Infotech and Software Ltd | INDINFO | /stocks/indian-infotech-and-software-INDIF | Consumer Finance | 1.45 | 2.97 | 1.08 | 183.72 | 107.44 | 17.34 | 0.68 | 0.00 | 0.68 | -18.96 | -43.59 | 740.21 | Smallcap | Financial Services | Consumer Finance | Consumer Finance | -3.45 |
| MANG | Mangalam Industrial Finance Ltd | MANGIND | /stocks/mangalam-industrial-finance-MANG | Diversified Financials | 3.57 | 6.97 | 2.71 | 343.31 | 1,907.26 | 17.34 | 12.03 | 0.00 | 0.63 | 21.57 | 22.76 | 1,402.58 | Smallcap | Financial Services | Diversified Financial Services | Specialized Finance | -0.84 |
| TOY | Toyam Sports Ltd | TOYAMSL | /stocks/toyam-industries-TOY | Diversified Financials | 2.68 | 6.84 | 2.19 | 153.51 | 31.65 | 17.34 | 0.46 | 0.00 | 2.43 | -49.62 | 0.37 | 137.17 | Smallcap | Financial Services | Diversified Financial Services | Specialized Finance | -1.49 |
Note: The data in this list of penny stocks in India is from 4th November 2024 and is subject to real-time updates. The list of debt-free stocks is sorted using multiple parameters. To learn more about them, check out this article.
What are Penny Stocks?
Penny stocks refer to shares of small companies trading at a low share price, often under Rs. 10 in India. These stocks are listed on smaller exchanges or OTC markets. It makes them less prominent compared to blue-chip stocks. Investors are drawn to top penny stocks for their low initial investment. These cheapest stocks in India often belong to newer or struggling companies, reflecting the risks associated with investing.
Features of Penny Stocks
Low Market Price: Penny stocks in India are priced under Rs. 10 or Rs. 20, attracting small investors seeking the best penny stocks to buy today or the top penny stocks to buy today. Those who know how to invest in penny stocks may see significant returns. Additionally, these are some of the best low price shares to buy today.
Low Market Capitalisation: Good penny stocks in India typically belong to small or micro-cap companies. However, penny stocks with strong fundamentals can still be highly rewarding. Investors seeking fundamentally good penny stocks often consult the penny stocks list NSE for potential gains. Some of the best penny stocks to buy now India come from this category, offering promise despite their small size.
High Volatility: Penny stocks NSE are known for high volatility. Small shifts in demand or supply can cause sharp price fluctuations. This makes penny stock trading appealing but risky. Investors must know how to invest in penny stocks wisely to navigate the penny stock market. Finding the best long-term penny stocks requires a solid understanding of market behavior.
Limited Information: Information on Indian penny stocks with strong fundamentals can be scarce, as these companies aren’t obligated to share detailed financial data. This makes penny stocks for long term investment risky. Researching fundamentally good penny stocks is crucial for those interested in penny stock trading, even if some penny shares to buy today seem promising.
Types of Penny Stocks
Investors encounter various types of penny stocks to buy in India:
- Turnaround Stocks: These stocks belong to companies recovering from financial trouble. Often, they are considered the best penny stock for long term investment. Many view these as good penny stocks India for their recovery potential.
- Speculative Stocks: High-risk speculative stocks offer the potential for significant returns. Traders may find them on a penny stocks list NSE when searching for penny stocks to buy for the long term. These are the kind of penny stocks to buy now if you’re willing to take big risks.
- Growth Stocks: Companies poised for rapid expansion issue these penny stocks. Careful analysis of NSE penny stocks in this category is critical. They frequently appear on lists of the best penny stocks India. These stocks are targeted by those looking for penny stocks for long term potential.
- Sector-Specific Stocks: Some of the best penny stocks to buy today India are sector-specific and affected by industry trends or policies. Based on sector outlook and research, investors consider these top penny stocks today, whether they’re government-related or technology-based. The best penny stocks to buy right now in India often reflect current market dynamics.
How to Find Good Penny Stocks?
Finding good penny stocks requires:
- Researching the Company: Assess the company’s fundamentals, management, and financials. This helps identify fundamentally good penny stocks and the best long term penny stocks.
- Checking Volume: Stocks with high trading volumes are more liquid. Top penny shares in India are easier to trade and may include penny stock to buy today.
- Using Technical Analysis: This analysis identifies share price trends and entry/exit points. It’s crucial for those considering penny stock trading.
Benefits of Investing in Penny Stocks
- High Growth Potential: Some of the top penny stocks to buy in 2024 can yield huge returns. The best penny stocks 2024 may surge significantly.
- Low Investment Cost: Investing in penny stocks for long term with minimal capital allows for the purchase of more shares, especially when seeking the best penny stocks to buy now.
- Diversification: Adding the best penny stocks for long term investment diversifies your portfolio and reduces overall risk.
Risks of Investing in Penny Stocks
- High Volatility: Even the best penny stocks in India can experience extreme price swings, leading to potential losses.
- Limited Information: Some good penny stocks in India lack transparency, making due diligence challenging.
- Liquidity Risk: Low trading volumes may make it hard to sell even good penny stock to buy now or some of the best penny stocks to buy right now in India.
To Wrap It Up…
Investing in NSE penny stocks can offer substantial returns, but the risks involved are equally significant. Before diving in, it’s important to research thoroughly and weigh the potential volatility and lack of information. By approaching with caution and carefully assessing the risks, penny stocks could become a rewarding part of your investment strategy, but only with informed decision-making.
Frequently Asked Questions about Penny Shares (FAQs)
Penny stocks are low-priced shares, typically trading under Rs. 10 or Rs. 20 in India, and belong to small or less-established companies with high growth potential but also significant risks.
Beginners should be cautious when investing in penny stocks due to their high volatility, limited information, and greater risk compared to large-cap stocks.
The top penny stocks 2024 can provide an ideal starting point for new investors. Their low prices enable beginners to experiment and learn trading directly without facing substantial financial risk. The small initial investment also helps minimise potential losses.
You can invest in penny stocks on almost any online trading platform if you have a demat account. You can open a demat account with smallcase by clicking here.
Penny stocks can offer high returns but also come with high risks. They may suit experienced investors willing to take on significant risk but are generally not considered safe for long-term, stable investments.
The growth rate of penny stocks can vary greatly, depending on the company and market conditions. Some penny stocks can experience rapid growth, offering substantial returns in a short period, especially if the company shows strong potential or is involved in a booming industry. However, most penny stocks are highly volatile and risky, meaning they can also decline quickly.
You can hold a penny stock for as long as you choose, as there are no specific time limits on ownership. The holding period depends on your investment strategy and goals. Some investors may hold penny stocks for a short time, aiming to capitalise on quick price movements, while others may hold them longer, hoping the company will grow and increase in value over time.
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