Top 100 Best Penny Stocks List to Buy in India

Penny stocks are popular stocks that has minimal trading volume and are illiquid. Here is the Top 100 Best Penny Stocks List to Buy in India.

Penny stocks, also known as micro-cap stocks, are stocks that trade at a low price and have a market capitalization of less than 100 Crore. These stocks are considered risky investments due to their low price and lack of liquidity, as they are often traded infrequently and may not have a track record of stability. In this article, we will look at the Top 100 best penny stocks list to buy in India.

Top 100 Best Penny Stocks List to Buy now in India

Here is the Top 100 Best Penny Stocks List to Buy in India:

COMPANYSECTORINDUSTRYPrice RsMarket CAP(Rs Cr.)
NHPCPower Generation – Hydro37.9538,573
Vodafone IdeaTelecommunications – Service928,907
Indian Railway Finance Corporation Ltd.Term Lending – Railways21.427,901
GMR InfraInfrastructure – Diversified35.8521,518
Trident LtdTextiles – Furnishings/Terry Towels37.3518,702
SJVNPower Generation – Hydro32.8513,008
Suzlon EnergyPower Generation – Wind7.657,958
Rail Vikas NigamConstruction & Contracting36.37,475
Brightcom GroupIT Consulting & Software – Small Cap36.97,466
HUDCONBFC – Housing36.27,227
RattanIndia InfraMiscellaneous49.86,628
TV18 BroadcastTV Broadcasting & Software Production39.056,566
NBCC  Construction & Contracting32.15,688
MMTCTrading35.25,138
Infibeam AvenuesOnline Service/Marketplace14.954,042
Ircon Intl.Construction & Engineering41.93,814
HMT LtdAuto – Tractors28.653,287
Dish TV IndiaCable/DTH17.63,268
Dhani Ibull VenturesNBFC – Consumer48.32,916
Hathway CableCable/DTH16.552,868
Jayaswal NecoCastings/Foundry27.252,631
SpicejetAirlines41.82,314
RattanIndia Power Power Generation – Thermal4.42,309
Hind Const CoConstruction & Contracting14.72,020
Electrostl CastCastings/Foundry36.42,161
IFCITerm Lending – General9.92,040
Marksans PharmaPharma – Indian46.91,911
SubexIT Consulting & Software – Small Cap32.951,804
GTL InfraTelecommunications – Allied Services1.41,767
GMR Power And Urban Infra Ltd.Others27.251,651
Den NetworksCable/DTH33.051,570
ISMT LtdSteel – Rolling491,469
Bajaj Hindusthan SuSugar10.91,322
MTNLTelecommunications – Service22.051,373
Morepen LabsPharma – Indian26.751,385
Lloyds SteelsSteel – Others13.31,305
IndiaPowerCorpPower – Integrated13.41,290
TARC Ltd.Others43.851,309
Patel EngConstruction & Contracting23.451,160
Geojit FinancialNBFC – Diversified49.651,149
Steel ExchangeSteel – Integrated131,163
Zee Media CorpTV Broadcasting & Software Production17.451,041
Shriram EPCProject Consultancy/Turnkey8.51,077
Udaipur Cement WorkCement – North32.951,020
Centrum CapitalNBFC – Diversified24.651,009
Spacenet EnterpriseMiscellaneous – Others19.151,032
Raj RayonTextiles – Processing/Texturising18.05976
Andrew YuleTea / Coffee20.35980
PTC FinancialTerm Lending – Power14.75938
Salasar Techno EnggIndustrial Consumable – Others29.8857
Music BroadcastRadio Broadcasting & Entertainment24.5842
3i InfotechIT Consulting & Software – Small Cap44736
Orient PaperPaper Manufacturer32.25663
Oswal Green TechFinancial Services – Misc26.15665
HLV Ltd.Hotels & Resorts9.7636
Urja GlobalProject Consultancy/Turnkey11.35630
Pennar IndSteel – CR/HR Strips46.55596
DiGiSPICE TechTelecommunications – Allied Services27.1625
Snowman LogisticsWarehousing/Supply Chain/Road Transport36.7602
Vascon EngineerConstruction & Contracting27.85606
Vikas MulticorpMiscellaneous4.85609
B L KashyapConstruction & Contracting25.55559
Oswal Agro MillHolding – Diversified41.85566
HCL InfosystemsIT Networking Equipment16.4535
HT MediaPrint Media22.55492
Shyam Century FerroFerro Alloys23.3512
Jai Balaji IndsSteel – Sponge Iron42.55493
Nagarjuna FertilizerFertilisers8.45517
GVK Power InfraInfrastructure – Diversified3.2482
FCS SoftwareIT Consulting & Software – Micro Cap2.95487
Oricon EnterprDiversified31.35474
Nectar LifescPharma – Indian21.75486
Cerebra IntegratIT Networking Equipment39.6451
Shivam AutotechAuto Ancl – Others38.75464
Vishal FabricsTextiles – Processing/Texturising23.751,519
Mangalam Global EntAgro – Others33.85474
Nandan Denim Textiles – Denim28.95429
Marine ElectricalsElectric Equipment/Components/Services34408
Sarla PerformTextiles – Processing/Texturising48.9394
PTL EnterprisesHolding – Diversified30.6407
Genus Paper BoardsPaper Manufacturer15.65399
Proseed India Seeds/Tissue Culture/Bio Technology38.85421
Eros MediaFilm/TV Production & Distribution40.05399
SVP GlobalMiscellaneous30.05381
Pudumjee Paper ProdPaper Manufacturer39.6371
Rana SugarsSugar24.4365
Indiabulls IntgrtdInsurance – Non Life37.3368
MSP SteelSteel – Sponge Iron9.7355
Take SolutionsIT Consulting & Software – Small Cap25.25355
Dangee DumsFMCG Dairy Products23.9374
Gujarat SidheeCement – North40.95364
Orient AbrasiveAbrasives And Grinding Wheels30.55358
Arshiya Warehousing/Supply Chain/Road Transport13.85375
Peninsula LandReal Estate13363
Kothari SugarsSugar43.75354
Future Consumer FMCG Diversified1.8369
Hindustan MotorAuto – Cars & UV16.8357
OM Metal InfraDiversified36.2337
Future Enterprises  (DVR)Diversified7.65343
Sakuma ExportsTrading14.75345
Top 100 Best Penny Stocks List to Buy now in India

The above list is not the complete Penny stocks list; there are 500+ companies in NSE / BSE with stock prices less than Rs 50. We only picked stocks having a higher market cap.

What is a Penny stock?

Penny is often referred to as something which is very cheap to afford. So the stocks which are very low in stock price are known as Penny stocks.

Penny Stocks List
Penny Stocks List

The term ‘Penny stocks’ originated from the west. A penny stock refers to a small company’s stock that typically trades for less than $5 per share. In the grand old days, Penny stocks were the stocks that traded below $1 per share but SEC (Securities and Exchange Commission) has changed the definition to include shares up to $5 to called a Penny stock.

History of Penny Stocks

The concept of penny stocks dates back to the early days of the stock market when small companies were able to list their stocks on exchanges at low prices. In the past, penny stocks were often used as a way for small, emerging companies to raise capital and gain exposure to a wider audience.

Over time, the definition of penny stocks has evolved, and today, penny stocks are generally defined as stocks that trade at a low price and have a market capitalization of fewer than 100 crores. These stocks are considered risky investments due to their low price and lack of liquidity, as they are often traded infrequently and may not have a track record of stability.

Penny stocks have a controversial history, as they have often been associated with fraud and manipulation. In the past, unscrupulous companies and individuals have used penny stocks as a way to defraud investors and pump up the price of the stock artificially. This has led to increased regulation of penny stocks, including stricter disclosure requirements and enhanced oversight by regulatory agencies.

Despite the risks and controversies, penny stocks continue to be a popular investment option for some investors due to their potential for high returns. However, it is important for investors to be aware of the risks and do thorough research before investing in penny stocks.

What are Penny Stocks in India?

Although there is no definition of penny stocks in India as a general consensus in Indian stock markets, any stock that trades below Rs 50 is considered a Penny stock in India. These stocks are generally volatile with their stock price, il-liquid, and have got stock market operator’s involvement.

Although many retail investors try to stick to Blue chip stocks in India for their investment preference and look for mainly zero debt companies to find safe havens but recently its seen that there is an appetite to take risks and invest in Penny stocks in India. We will only look at the stocks which have stock prices higher than Rs 1.

You need to be extremely careful while investing in these types of stocks as they are highly risky and you may lose your entire capital. History shows that investing in stocks just because they are available under Rs 50 doesn’t mean that the stock will give higher returns.

How to evaluate Penny stocks in India?

Despite the risks, penny stocks can be attractive to investors due to their potential for high returns. However, it is important to be aware of the risks and do thorough research before investing in penny stocks. Here are a few tips for evaluating penny stocks in India:

  1. Research the company: It is important to thoroughly research the company behind the penny stock to understand its financial health, management team, business model, and growth potential. Look for companies with strong financials, a solid business plan, and a track record of stability.
  2. Evaluate the industry: Consider the industry in which the company operates and how it is likely to perform in the future. Look for industries that are growing and have a positive outlook, as this can increase the chances of success for the company and its stock.
  3. Understand the risks: Penny stocks carry a higher level of risk due to their low price and lack of liquidity. It is important to be aware of these risks and understand that there is a possibility of losing your investment.
  4. Diversify your portfolio: As with any investment, it is important to diversify your portfolio to spread the risk and minimize potential losses. Don’t put all your eggs in one basket and consider investing in a mix of different types of stocks and other investments.
  5. Use stop-loss orders: Consider using stop-loss orders to limit your potential losses. This allows you to set a predetermined price at which you will sell your stock to minimize potential losses.

Overall, penny stocks can be a risky but potentially lucrative investment option in India. It is important to do thorough research, understand the risks, and diversify your portfolio to minimize potential losses.

Factors To Consider Before Investing in Penny Stocks India

Penny stocks can be attractive to investors due to their potential for high returns, but they also carry a higher level of risk. Here are a few factors to consider before investing in penny stocks in India:

  1. Company financials: It is important to thoroughly research the company behind the penny stock and understand its financial health. Look for companies with strong financials, including a solid balance sheet, stable revenue, and consistent profits.
  2. Management team: The management team of a company can have a significant impact on its success. Look for companies with experienced and competent management teams that have a track record of stability and success.
  3. Business model: Consider the company’s business model and how it plans to generate revenue and profits. Look for companies with a clear and sustainable business plan that has the potential for growth.
  4. Industry outlook: Evaluate the industry in which the company operates and how it is likely to perform in the future. Look for industries that are growing and have a positive outlook, as this can increase the chances of success for the company and its stock.
  5. Market conditions: Be aware of the current market conditions and how they may impact the company and its stock. Look for companies that are well-positioned to weather economic downturns and have the potential to outperform in good times.
  6. Risks: Penny stocks carry a higher level of risk due to their low price and lack of liquidity. It is important to be aware of these risks and understand that there is a possibility of losing your investment.

Overall, it is important to do thorough research and carefully consider these factors before investing in penny stocks in India. Investing in penny stocks carries a higher level of risk, but it also has the potential for high returns. It is important to be aware of the risks and understand that there is a possibility of losing your investment.

What are the risks of buying Penny Stocks in India?

While penny stocks can be tempting for those looking for a low-cost investment opportunity, they also carry a high level of risk. Here are some risks to consider when buying penny stocks in India:

  1. Volatility: Penny stocks are often more volatile than other types of stocks, which means that their price can fluctuate dramatically over short periods of time. This can make it difficult to predict their future performance and can increase the risk of loss.
  2. Lack of liquidity: Penny stocks are often traded in smaller quantities, which can make it difficult to sell them when you want to. This lack of liquidity can make it harder to get out of a losing position and can increase the risk of loss.
  3. Lack of transparency: Many penny stocks are traded on small, unregulated exchanges or over the counter, which can make it difficult to obtain accurate and reliable information about the company. This lack of transparency can make it harder to evaluate the risks and potential returns of the investment.
  4. Fraud risk: Some penny stocks are promoted through fraudulent or deceptive practices, such as insider trading or misleading information. This can increase the risk of loss and can make it harder to identify legitimate investment opportunities.
  5. Limited regulation: Penny stocks are often not subject to the same level of regulation as other types of stocks, which can increase the risk of fraud and other unethical practices.

A general recommendation is to create a penny stocks list that avoids the above risks and keep them as a watch list.

Debt-Free Penny Stocks List in India

Here is a penny stocks list that is low in price and debt-free:

Stock NamePrice
3P Land Holdings Ltd16.80
Blue Chip India Ltd0.40
BSEL Infrastructure Realty Ltd3.75
Cinevista Ltd13.35
Diligent Media Corporation Ltd3.90
GI Engineering Solutions Ltd5.05
Hathway Cable and Datacom Ltd16.20
Hotel Rugby Ltd4.80
Indbank Merchant Banking Services Ltd23.35
IL & FS Investment Managers Ltd8.25
Debt-free Penny stocks list

Penny Stocks list that Pays Highest Dividends in India

Here is the penny stocks list that is low in price and pays good dividends:

Stock NamePriceDividend Per Share (₹)
Taparia Tools Ltd12.14173
Standard Industries Ltd22.103
Coromandel Agro Products and Oils Ltd2.583
Indian Railway Finance Corp Ltd21.351
Shilpi Cable Technologies Ltd1.151
Gothi Plascon India Ltd20.801
Swastik Safe Deposit and Investments Ltd5.081
Bank of Maharashtra Ltd18.001
Vishal Fabrics Ltd23.751
WeP Solutions Ltd22.850.50
Penny Stocks list that Pays the Highest Dividends

What is meant by multi-bagger penny stocks?

A “multi-bagger” is a stock that has the potential to generate significant returns for an investor. The term “multi-bagger” refers to the fact that the stock has the potential to return multiple times the initial investment, or “bag” the investment several times over.

Penny stocks are stocks that trade for very low prices. They are usually highly speculative and carry a high level of risk, as they are often issued by small, unknown companies with limited financial resources.

When a penny stock is referred to as a “multi-bagger,” it means that the stock has the potential to generate extremely high returns, potentially several times the initial investment. However, it is important to note that investing in penny stocks, especially those that are marketed as “multi-baggers” carries a high level of risk and can result in significant losses.

Are Penny stocks cheap?

Stocks under the price of Rs 50 are referred to as Penny stocks and Penny stock is not always the cheapest.

The stock price of a stock doesn’t really reflect whether a stock is cheap or expensive. You need to examine whether the price you are paying for the stock is justified or not.

You need to evaluate the below things to find out whether the stock is cheap or expensive
What is the price-to-earnings ratio what is the book value of the stock what is the growth figure of the stock(in terms of sales, profit, margins, etc)

What is the debt on the book of the stock how is the management team of the stock what is the business potential of the stock?

FAQ on Penny stocks list in India

  1. Is it good to invest in Penny stocks in India?

    In general Penny stocks are volatile, illiquid, and mainly operator-driven. But not all stocks are the same. There are some good quality stocks that trade under 50 rupees stock price and are good companies to invest in. You need to find out the details of the stock before you make any investment decisions. There are many good companies that offer excellent growth potential while their stock prices are under Rs 50.

  2. Why are Penny stocks famous among retail investors?

    The lower price of a stock price attracts many retail investors. They think that the lower price of a stock means the stock is cheap and give multi-bagger returns. Unfortunately, they get trapped in an investment that most of the time turns out to be loss-making.

  3. Why are penny stocks considered risky to invest in?

    Penny stocks are considered risky to invest in because they are highly volatile and can lose a lot of value very quickly. They are also often subject to pump-and-dump schemes, where investors buy up a lot of shares and then sell them all at once to drive up the price before it crashes.

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  1. Provide also Addition software select options clients self as like options as per Cretiria , telegram , whatsapp , email .

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