The table below shows the Best Penny Stocks based on Market Capitalization.
Name | Market Cap (₹ Cr) | Close Price (₹) | 1-Year Return (%) |
RattanIndia Power Ltd | 6062.85 | 10.92 | 4.5 |
Syncom Formulations (India) Ltd | 1734.3 | 18.02 | 17.01 |
Zee Media Corporation Ltd | 1033.21 | 15.49 | 1.57 |
Spright Agro Ltd | 778.99 | 7.02 | 4.07 |
OK Play India Ltd | 592.57 | 17.01 | 3.85 |
Evexia Lifecare Ltd | 566.95 | 2.88 | 9.09 |
Madhav Infra Projects Ltd | 344.53 | 12.49 | 1.63 |
LGB Forge Ltd | 319.91 | 13.3 | 6.4 |
Country Club Hospitality & Holidays Ltd | 308.95 | 17.87 | 17.57 |
Zee Learn Ltd | 256.45 | 7.74 | 5.31 |
Table of Contents
Introduction to Penny Stocks In India
RattanIndia Power Ltd
The Market Cap of RattanIndia Power Ltd is ₹6,062.85 crore. The stock’s 1-month return is -9.02%, while its 1-year return is 4.50%. It is currently 38.23% away from its 52-week high.
RattanIndia Power Ltd operates in the power generation sector, focusing primarily on thermal power projects. The company has established itself as a significant player in India’s energy sector, catering to the growing demand for electricity in the country. With a robust infrastructure and a commitment to innovation, RattanIndia Power is working towards improving its efficiency and sustainability in power production.
Despite facing challenges in the power sector, including regulatory and environmental concerns, RattanIndia Power Ltd has managed to maintain steady operations. The company continues to explore new opportunities for growth, including diversification into renewable energy sources. Its long-term vision is to contribute to India’s energy security while maintaining profitability and sustainability.
Syncom Formulations (India) Ltd
The Market Cap of Syncom Formulations (India) Ltd is ₹1,734.30 crore. The stock’s 1-month return is -2.33%, while its 1-year return is 17.01%. It is currently 64.57% away from its 52-week high.
Syncom Formulations (India) Ltd is a pharmaceutical company engaged in the manufacturing and distribution of a wide range of pharmaceutical products. The company has a strong presence in the Indian healthcare sector, offering medicines across multiple therapeutic segments, including antibiotics, cardiovascular drugs, and pain management solutions.
With a focus on affordability and quality, Syncom Formulations has positioned itself as a key player in the generic medicine industry. The company’s strategic partnerships and consistent R&D efforts have enabled it to expand its product portfolio. As demand for healthcare solutions continues to rise, Syncom Formulations aims to enhance its market share and drive sustained growth.
Zee Media Corporation Ltd
The Market Cap of Zee Media Corporation Ltd is ₹1,033.21 crore. The stock’s 1-month return is -20.62%, while its 1-year return is 1.57%. It is currently 54.90% away from its 52-week high.
Zee Media Corporation Ltd is one of India’s leading media and news broadcasting companies. It operates multiple television channels and digital platforms, delivering news and entertainment content across different languages. With a strong audience base, Zee Media has become a household name in India’s media industry.
The company continues to evolve with the changing media landscape, investing in digital transformation and expanding its online presence. Despite challenges such as competition and regulatory changes, Zee Media has maintained its reputation as a credible news source. Moving forward, the company aims to strengthen its digital outreach and enhance revenue streams through diversified content offerings.
Spright Agro Ltd
The Market Cap of Spright Agro Ltd is ₹778.99 crore. The stock’s 1-month return is -46.23%, while its 1-year return is 4.07%. It is currently 31.83% away from its 52-week high.
Spright Agro Ltd is engaged in the agro-business sector, focusing on agriculture-based products and solutions. The company plays a crucial role in the agricultural supply chain, catering to farmers and agribusinesses by providing essential inputs and value-added products.
The Indian agriculture sector presents vast growth opportunities, and Spright Agro Ltd is well-positioned to leverage this potential. The company continues to explore new markets, strengthen its distribution channels, and enhance its product offerings to ensure long-term growth.
OK Play India Ltd
The Market Cap of OK Play India Ltd is ₹592.57 crore. The stock’s 1-month return is -8.00%, while its 1-year return is 3.85%. It is currently 60.17% away from its 52-week high.
OK Play India Ltd is a diversified manufacturing company specializing in plastic products, toys, and automotive components. The company has established itself as a leading player in the plastic molding industry, producing durable and high-quality products for various sectors.
With increasing demand for innovative plastic solutions, OK Play India Ltd continues to expand its manufacturing capabilities. The company is also exploring new business opportunities in electric vehicles and smart mobility solutions, positioning itself for future growth in the evolving market landscape.
Evexia Lifecare Ltd
The Market Cap of Evexia Lifecare Ltd is ₹566.95 crore. The stock’s 1-month return is -4.13%, while its 1-year return is 9.09%. It is currently 48.45% away from its 52-week high.
Evexia Lifecare Ltd operates in the healthcare and pharmaceutical sector, focusing on diagnostic services, healthcare solutions, and wellness products. The company has been steadily growing its presence in the medical diagnostics industry, providing a range of high-quality services.
As healthcare awareness continues to rise, Evexia Lifecare Ltd is well-positioned to benefit from the increasing demand for diagnostic and preventive healthcare services. The company is investing in technological advancements and expanding its service portfolio to enhance its market share.
Madhav Infra Projects Ltd
The Market Cap of Madhav Infra Projects Ltd is ₹344.53 crore. The stock’s 1-month return is -3.25%, while its 1-year return is 1.63%. It is currently 42.89% away from its 52-week high.
Madhav Infra Projects Ltd is an infrastructure and construction company specializing in road development, power projects, and real estate ventures. The company has been actively involved in the development of highways, bridges, and solar energy projects.
With India’s focus on infrastructure development, Madhav Infra Projects Ltd is poised for growth. The company aims to expand its project portfolio and strengthen its financial position through strategic investments and efficient project execution.
LGB Forge Ltd
The Market Cap of LGB Forge Ltd is ₹319.91 crore. The stock’s 1-month return is -0.87%, while its 1-year return is 6.40%. It is currently 29.78% away from its 52-week high.
LGB Forge Ltd is a leading manufacturer of forged components used in the automotive, aerospace, and industrial sectors. The company has built a strong reputation for producing high-quality precision components that meet global standards.
With rising demand for advanced engineering solutions, LGB Forge Ltd is expanding its product range and upgrading its manufacturing technology. The company continues to invest in R&D to enhance efficiency and innovation, ensuring long-term competitiveness in the market.
Country Club Hospitality & Holidays Ltd
The Market Cap of Country Club Hospitality & Holidays Ltd is ₹308.95 crore. The stock’s 1-month return is 2.78%, while its 1-year return is 17.57%. It is currently 35.62% away from its 52-week high.
Country Club Hospitality & Holidays Ltd is a well-known hospitality and leisure services company, providing club memberships, resorts, and holiday packages. It operates several luxury resorts across India and internationally, offering premium vacation experiences to its customers.
The company is focusing on digital transformation, marketing strategies, and customer engagement to strengthen its brand presence. As the tourism and hospitality industry recovers, Country Club aims to capitalize on growing consumer demand for travel and recreation.
Zee Learn Ltd
The Market Cap of Zee Learn Ltd is ₹245.75 crore. The stock’s 1-month return is -12.08%, while its 1-year return is -8.62%. It is currently 41.25% away from its 52-week high.
Zee Learn Ltd is an education services provider, offering preschool and K-12 education solutions through its brands such as Kidzee and Mount Litera Zee School. The company has established itself as a leader in early childhood education in India.
Despite challenges in the education sector, Zee Learn Ltd is investing in digital learning platforms and curriculum enhancements. The company aims to strengthen its market position by leveraging technology and expanding its network of schools and learning centers.
Penny Stocks Meaning
Penny stocks refer to shares of small companies that trade at low prices, typically under ₹25 in India. These stocks are traded in smaller volumes and are often found on less popular stock exchanges or over-the-counter markets.
Due to their low cost, penny stocks attract investors looking for high growth potential with minimal capital investment. However, these stocks are highly speculative and can be very volatile, making them riskier than larger, more established company stocks.
Investing in penny stocks requires thorough research as they may lack transparency, with limited financial information available. Price movements can be extreme, either providing significant returns or causing considerable losses in a short period.
Features Of Best Penny Stocks
The main features of the best penny stocks include strong potential for growth, low share prices, solid fundamentals and high volatility, which can lead to rapid gains or losses. These stocks are often from emerging sectors with promising prospects.
- Strong Potential for Growth: Penny stocks, especially in emerging industries, have significant upside potential. As these companies expand and improve, their stock prices can rise quickly, leading to substantial profits for early investors.
- Low Share Prices: Penny stocks are typically priced below $5 per share, allowing investors to purchase a large quantity of shares with minimal capital. This makes them accessible to new investors with smaller budgets.
- Solid Fundamentals: Some penny stocks may have strong underlying fundamentals, such as growing revenue, manageable debt, or innovative business models. Identifying these companies can provide early exposure to future success stories.
- High Volatility: Due to their lower market capitalization, penny stocks can be highly volatile, with prices fluctuating rapidly. While this volatility offers opportunities for quick gains, it also presents risks of steep losses for investors.
List Of Penny Stocks To Buy Based on 6-Month Return
The table below shows a List of the Best Penny Stocks based on 6 Month Return.
Name | Close Price (₹) | 6-Month Return (%) |
Dipna Pharmachem Ltd | 15.32 | 113.67 |
Mahalaxmi Seamless Ltd | 15.08 | 44.03 |
Gem Spinners India Ltd | 4.75 | 39.71 |
Quintegra Solutions Ltd | 2.33 | 35.47 |
Pan India Corp Ltd | 3.13 | 30.96 |
LGB Forge Ltd | 13.3 | 30.26 |
Achyut Healthcare Ltd | 4.55 | 28.3 |
Munoth Communication Ltd | 15.4 | 26.33 |
Shivansh Finserve Ltd | 5.48 | 25.98 |
Superior Finlease Ltd | 1.85 | 25 |
Best Penny Stocks To Buy In India 2024 Based on 5-Year Net Profit Margin
The table below shows the Best Penny Stocks based on 5-year Net Profit Margin.
Name | Close Price (₹) | 5-Year Avg Net Profit Margin (%) |
Anjani Finance Ltd | 13.32 | 112.91 |
Ashirwad Capital Ltd | 4.79 | 77.67 |
Hindusthan Udyog Ltd | 3.31 | 76.99 |
Sheraton Properties and Finance Ltd | 11.52 | 74.2 |
Speedage Commercials Ltd | 9.5 | 71.44 |
S V Trading and Agencies Ltd | 7.35 | 67.52 |
Swastik Safe Deposit and Investments Ltd | 11.73 | 58.85 |
Gold Rock Investments Ltd | 11.57 | 58.51 |
Sri Amarnath Finance Ltd | 7.77 | 52.99 |
Consecutive Investments & Trading Co Ltd | 2.09 | 50.54 |
Penny Stock List NSE Based on 1M Return
The table below shows the Best Penny Stocks Based on 1-Month Return.
Name | Close Price (₹) | 1-Month Return (%) |
Trio Mercantile And Trading Ltd | 1.15 | 20 |
Premier Ltd | 3.73 | 18.9 |
Veeram Securities Ltd | 10.21 | 16.52 |
Brijlaxmi Leasing & Finance Ltd | 9.99 | 16.22 |
Luharuka Media & Infra Ltd | 4.98 | 13.33 |
Ken Financial Services Ltd | 18.53 | 13.14 |
Bloom Dekor Ltd | 12.07 | 12.79 |
Pan India Corp Ltd | 3.13 | 11.19 |
Mahalaxmi Seamless Ltd | 15.08 | 11.07 |
Zeal Aqua Ltd | 14.53 | 9.78 |
High Dividend Yield Best Penny Stocks In India
The table below shows the Best Penny Stocks based on Dividend Yield.
Name | Close Price (₹) | Dividend Yield (%) |
Coromandel Agro Products and Oils Ltd | 2.58 | 38.76 |
Nirbhay Colours India Ltd | 0.9 | 10 |
Swastik Safe Deposit and Investments Ltd | 11.73 | 8.53 |
Super Tannery Ltd | 10.75 | 0.44 |
Luharuka Media & Infra Ltd | 4.98 | 0.2 |
Historical Performance of Top Penny Stocks List
The table below shows the Historical Performance of Best Penny Stocks based on Market Cap and 5Y Return.
Name | Close Price (₹) | 5-Year CAGR (%) |
Spright Agro Ltd | 7.02 | 120.95 |
India Steel Works Ltd | 4.78 | 88.66 |
HB Leasing and Finance Co Ltd | 16.03 | 81.23 |
Pan India Corp Ltd | 3.13 | 75.13 |
Computer Point Ltd | 5.83 | 74.53 |
Thirani Projects Ltd | 3.57 | 73.06 |
NCL Research and Financial Services Ltd | 0.73 | 70.95 |
Luharuka Media & Infra Ltd | 4.98 | 69.67 |
Brijlaxmi Leasing & Finance Ltd | 9.99 | 67.4 |
Anjani Finance Ltd | 13.32 | 66.85 |
Factors To Consider When Investing In Best Penny Stocks In NSE
The main factors to consider when investing in the best penny stocks in NSE include company fundamentals, market trends, liquidity and risk tolerance. These factors help investors make informed decisions and maximize potential returns while minimizing the inherent risks of penny stocks.
- Company Fundamentals: It’s crucial to analyze the financial health of the company, including revenue, profitability and debt levels. Understanding the company’s business model and growth potential can help investors identify undervalued penny stocks with long-term prospects.
- Market Trends: Keeping an eye on industry and sector trends is important. Penny stocks in rising industries, such as technology or renewable energy, may offer better growth opportunities than those in stagnant or declining sectors.
- Liquidity: Penny stocks often have low trading volumes, which can lead to difficulties in buying or selling shares at desired prices. Ensuring sufficient liquidity in a stock minimizes the risk of being stuck with untradeable shares.
- Risk Tolerance: Penny stocks are highly speculative and can be prone to sharp price swings. Investors must assess their risk tolerance and be prepared for potential losses, ensuring their investment aligns with their financial goals and risk capacity.
How To Invest In Best Penny Stocks For The Long-Term?
To invest in the best penny stocks for the long term, start by conducting thorough research on the company’s financial health, management and industry trends. Look for strong fundamentals and growth potential to identify stocks that may outperform over time.
Next, utilize a reliable brokerage platform like Alice Blue, which offers low brokerage fees and user-friendly features for trading. Diversify your portfolio to reduce risk, as penny stocks can be volatile. Consider dollar-cost averaging, investing small amounts regularly to mitigate market fluctuations. Be patient, as long-term investing in penny stocks requires time for potential growth to materialize.
Impact of Government Policies on Penny Stocks In India
Government policies in India can significantly impact penny stocks, particularly in sectors like technology, manufacturing and renewable energy. Favorable policies, such as tax incentives or industry reforms, can boost investor confidence, leading to increased demand and higher stock prices.
Conversely, regulatory changes, increased taxes, or restrictions in certain industries may negatively affect penny stocks, causing volatility. Investors need to stay informed about government policies and economic reforms to assess how these changes might influence their investments and take appropriate action to manage risks.
How Penny Stocks In India Perform in Economic Downturns?
Penny stocks in India typically underperform during economic downturns due to their smaller market capitalization and limited resources. Investors tend to move towards stable, blue-chip stocks during such periods, causing penny stock prices to drop significantly amid lower demand.
Additionally, companies behind penny stocks often face operational challenges, including reduced funding and declining revenues. This makes them more vulnerable to financial instability, increasing the risk of insolvency. However, certain resilient penny stocks with strong fundamentals may still present long-term growth opportunities for patient investors.
Advantages Of Investing In Top Penny Stocks In India
The main advantages of investing in top penny stocks in India include low entry costs, high growth potential, portfolio diversification and the opportunity to invest early in emerging companies. These factors make penny stocks appealing to risk-tolerant investors seeking substantial returns.
- Low Entry Costs: Penny stocks are typically priced under ₹10 per share, allowing investors to enter the market with a small capital investment. This accessibility makes them an attractive option for new or budget-conscious investors.
- High Growth Potential: Penny stocks have significant upside potential, especially if the company experiences rapid growth. Early investments in small-cap companies can yield substantial returns as the business expands and gains market recognition.
- Portfolio Diversification: Investing in penny stocks can add variety to an investor’s portfolio. By including these high-risk, high-reward stocks, investors can balance out more stable assets, potentially boosting overall returns.
- Opportunity to Invest Early: Many penny stocks belong to companies in emerging industries. Investing early in such companies allows investors to capitalize on future industry growth, potentially leading to massive gains if the company succeeds.
Risks Of Investing In Best Penny Stocks In India
The main risks of investing in top penny stocks in India include high volatility, limited liquidity, lack of transparency and potential for fraud. These factors make penny stocks a risky investment option, particularly for those without experience or risk tolerance.
- High Volatility: Penny stocks are highly volatile, with prices fluctuating sharply within short periods. This instability can result in significant losses if market sentiment turns negative or if the company’s performance does not meet investor expectations.
- Limited Liquidity: Penny stocks often have low trading volumes, making it difficult to buy or sell shares at desired prices. Limited liquidity can lead to larger bid-ask spreads, increasing transaction costs and the risk of price manipulation.
- Lack of Transparency: Companies behind penny stocks may not provide detailed financial disclosures, making it harder to assess their true value. Investors may struggle to obtain reliable information, increasing the risk of making uninformed investment decisions.
- Potential for Fraud: Penny stocks are prone to scams and fraudulent schemes, such as pump-and-dump tactics. Unscrupulous promoters may artificially inflate stock prices, leaving investors with worthless shares once the bubble bursts.
Penny Stocks In India’s GDP Contribution
Penny stocks in India have a limited direct contribution to the GDP due to their small market capitalization and the relatively smaller size of the companies involved. However, they play a role in promoting entrepreneurship and innovation in emerging industries.
Indirectly, penny stocks contribute to GDP by providing capital to small and medium-sized enterprises (SMEs), which are crucial for job creation and economic growth. As these companies grow, they can expand operations, increase employment and generate more revenue, positively impacting the economy.
Who Should Invest in the Best Penny Stocks In India?
Investors with a high-risk tolerance and a long-term investment horizon should consider investing in the best penny stocks in India. These stocks are volatile and can offer substantial returns, but they also carry the risk of significant losses.
Penny stocks are ideal for experienced investors who can thoroughly research companies and industries. Additionally, those with diversified portfolios looking to allocate a small portion of their capital to high-risk, high-reward opportunities may benefit from investing in penny stocks..
Penny Stocks Share Price List – FAQs
A penny stock refers to shares of small, publicly traded companies that are priced at low values, typically below ₹20 in India. These stocks are highly speculative, volatile and often traded on smaller exchanges, offering high-risk, high-reward opportunities.
Top Best Penny Stocks # 1: RattanIndia Power Ltd
Top Best Penny Stocks # 2: Syncom Formulations (India) Ltd
Top Best Penny Stocks # 3: Zee Media Corporation Ltd
Top Best Penny Stocks # 4: Spright Agro Ltd
Top Best Penny Stocks # 5: OK Play India Ltd
The Best Penny Stocks based on market capitalization.
The Multibagger Penny Stocks based on 6-month returns include Dipna Pharmachem Ltd, Mahalaxmi Seamless Ltd, Gem Spinners India Ltd, Quintegra Solutions Ltd, and Pan India Corp Ltd.
The Best Penny Stocks based on 1-month returns include Trio Mercantile And Trading Ltd, Premier Ltd, Veeram Securities Ltd, Brijlaxmi Leasing & Finance Ltd, and Luharuka Media & Infra Ltd.
Investing in penny stocks in India is considered risky due to high volatility, limited liquidity and the potential for fraud. While they offer opportunities for significant gains, they also carry a high risk of losses, making them unsuitable for conservative investors.
To invest in penny stocks in India, open a brokerage account with a reliable platform like Alice Blue. Conduct thorough research on companies, assess their fundamentals and diversify your portfolio to manage risks before making any investment decisions.
Investing in penny stocks in India is suitable for risk-tolerant investors with the ability to conduct thorough research. These stocks offer high-reward potential but come with significant risks, including volatility and low liquidity. Caution and diversification are essential when investing.
Penny stocks can be a good investment for those seeking high-risk, high-reward opportunities. However, their volatility and lack of reliable information make them risky. Investors should carefully research and only allocate a small portion of their portfolio to mitigate potential losses.
Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.