As the name suggests, penny stocks are stocks that trade for a penny, i.e. a very small amount. Penny stocks in India generally have a market value of below INR 50. In Western markets, stocks below $5 are called penny stocks. They are also known as cent stocks. These stocks are highly speculative in nature and are considered highly risky as they lack liquidity, has a small number of shareholders, large bid-ask spreads, and limited disclosure of information.
Penny Stocks To Buy Right Now
But these penny stock companies have one very big advantage that most of the big companies don’t have which is a higher potential for growth as penny stock companies has a very high tendency to become a multibaggar company in the future, and if they do so, then the shareholders of these companies get huge returns.
So, if you wish to invest in these penny stock companies of India then you need to know about these companies in detail so that you can invest in the company that has a higher potential of becoming a multibaggar company.
We have come up with a list of the 21 best penny stock companies in India these are the best penny stocks to buy in India
Best Penny Stocks To Buy In India
| S. NO. | COMPANY NAME (PENNY STOCK) | BSE CODE | NSE SYMBOL | CMP (APRIL 2022) Current Market Price | RATING | INDUSTRY |
| 1 | ALOK INDUSTRIES LTD | 521070 | ALOKINDS | 25 | #N/A | TEXTILES |
| 2 | DISH TV INDIA LTD | 532839 | DISHTV | 16.35 | 0.5 | BROADCASTING & CABLE TV |
| 3 | MOREPEN LABORATORIES LTD | 500288 | MOREPENLAB | 48.75 | 0.5 | MOREPENLAB |
| 4 | GMR INFRASTRUCTURE LTD | 532754 | GMRINFRA | 37.6 | 0.5 | AIRPORT SERVICES |
| 5 | HFCL | 500183 | HFCL | 74.15 | 0.5 | TELECOM CABLES |
| 6 | VODAFONE IDEA LTD | 532822 | IDEA | 9.55 | 0.5 | TELECOM SERVICES |
| 7 | JAMMU&KASHMIR BANK LTD | 532209 | J&KBANK | 30.95 | 0.5 | BANKS |
| 8 | BANK OF MAHARASHTRA LTD | 532525 | MAHABANK | 17.90 | 0.5 | BANKS |
| 9 | INDIAN OVERSEAS BANK | 532388 | IOB | 18.20 | 0.5 | BANKS |
| 10 | MMTC LTD | 513377 | MMTC | 45.30 | 0.5 | COMM.TRADING & DISTRIBUTION |
| 11 | NBCC LTD | 534309 | NBCC | 37.95 | 0.5 | CONSTRUCTION & ENGINEERING |
| 12 | RAIL VIKAS NIGAM LTD | 542649 | RVNL | 33.80 | 0.5 | CONSTRUCTION & ENGINEERING |
| 13 | NATIONAL FERTILIZERS LTD | 523630 | NFL | 59.15 | 0.5 | FERTILIZERS |
| 14 | SJVN LTD | 533206 | SJVN | 28.65 | 2 | ELECTRIC UTILITIES |
| 15 | MANALI PETROCHEMICAL LTD | 500268 | MANALIPETC | 131.70 | 0.5 | PETROCHEMICALS |
| 16 | TV18 BROADCAST LTD | 532800 | TV18BRDCST | 53.85 | 0.5 | BROADCASTING & CABLE TV |
| 17 | TRIDENT LTD | 521064 | TRIDENT | 52.35 | 0.5 | TEXTILES |
| 18 | NHPC LTD | 533098 | NHPC | 33.20 | 1 | ELECTRIC UTILITIES |
| 19 | UJJIVAN SMALL FINANCE BANK LTD | 542904 | UJJIVAN SFB | 17.50 | 3 | BANKS |
| 20 | HBL POWER SYSTEMS LTD | 517271 | HBLPOWER | 87.10 | 0.5 | HBLPOWER |
| 21 | YES BANK LTD | 532648 | YESBANK | 13.65 | 1 | BANKS |
ALOK INDUSTRIES LTD
Alok Industries Limited (Alok Inds) is a textile sector penny stock company. The total valuation (market value) of the company is ₹12,859 crore. The price of one share of the company is ₹26.60 in the BSE market today and ₹26.55 in the NSE market today. The company was established in the year 1986.
As per the report provided by the company, the total income for the last year stood at Rs 3,251.53 crore and the total sales stood at Rs 3,166.34 crore. The company’s net profit stood at Rs 1,223.19 crore. Alok Industries Limited has paid a tax of -1.7 crores in the current year.
DISH TV INDIA LTD
Dish TV India Limited is a broadcasting and cable TV penny stock company. The total valuation (market value) of the company is ₹3,065 crores. The price of one share of the company is ₹16.65 in the BSE market today and ₹16.60 in the NSE market today. Dish TV India Limited was established in the year 1988.
As per the report provided by the company, the total income for the last year stood at Rs 1,678.48 crore and the total sales stood at Rs 1,518 crore. The company’s net profit stood at Rs 1,394.09 crore. Dish TV India Limited has paid a tax of Rs-4.68 crore in the current year.
MOREPEN LABORATORIES LTD
Morepen Laboratories Ltd. is a pharmaceuticals sector penny stock company. The total valuation (market value) of the company is ₹2,298 crore. The price of one share of the company is ₹ 50.25 in the BSE market today and ₹ 50.30 in the NSE market today. The company was established in the year 1984.
As per the report provided by the company, the total income for the last year was Rs.801.405 crore and the total sales were Rs.791.987 crore. The company’s net profit stood at Rs 32.333 crore. Morepen Laboratories Limited has paid a tax of -5.519 crores in the current year.
GMR INFRASTRUCTURE LTD
GMR Infrastructure Limited (GMR Infrastructure) is an air services sector penny stock company. The total valuation (market value) of the company is ₹22,453 crore. The price of one share of the company is ₹ 38.25 in the BSE market today and ₹ 38.20 in the NSE market today. This company was established in the year 1996.
As per the report provided by the company, the total income for the last year stood at Rs 1,163 crore and the total sales stood at Rs 805.57 crore. The company’s net profit stood at Rs -1,479.12 crore. GMR Infrastructure Limited has paid a tax of Rs -19.67 crore in the current year.
HFCL
Himachal Futuristic Communications Limited (HFCL) is a Telecom Cables penny stock company. The total valuation (market value) of the company is ₹10,406 crores. The price of one share of the company is ₹ 76.10 in the BSE market today and ₹ 76.15 in the NSE market today. This company was established in the year 1987.
As per the report provided by the company, the total income for the last year stood at Rs 3,601.95 crore and total sales stood at Rs 3,547.3 crore. The company’s net profit stood at Rs 203.82 crore. Himachal Futuristic Communications Limited has paid a tax of -91.31 crores in the current year.
INDIAN OVERSEAS BANK
Indian Overseas Bank is a banking sector penny stock company. The total valuation (market value) of the company is ₹34,685 crore. The price of one share of the company is ₹18.45 in the BSE market today and ₹18.40 in the NSE market today. The company was established in the year 1937.
As per the report provided by the company, the total income for the last year stood at Rs.20,765.791 crore and the total sales were Rs.17,406.112 crore. The company’s net profit stood at Rs -8,527.404 crore. Indian Overseas Bank has paid a tax of Rs -495.061 crore in the current year.
MMTC LTD
MMTC Limited (MMTC) is a trading and distribution penny stock company. The total valuation (market value) of the company is ₹6,855 crores. The price of one share of the company is ₹ 45.90 in the BSE market today and ₹ 45.85 in the NSE market today. MMTC Limited (MMTC) was established in the year 1963.
As per the report provided by the company, the total income for the last year was Rs 24,167.17 crore and the total sales were Rs 24,134.98 crore. The company’s net profit stood at Rs.227.11 crore. MMTC Limited has paid a tax of Rs.-19.5 crore in the current year.
RAIL VIKAS NIGAM LTD
Rail Vikas Nigam Limited is a construction engineering penny stock company. The total valuation (market value) of the company is ₹7,068 crores. The price of one share of the company is ₹33.85 in the BSE market today and ₹33.85 in the NSE market today. The company was established in the year 2003.
As per the report provided by the company, the total income for the last year stood at Rs.14,855.02 crore and the total sales stood at Rs.14,530.58 crore. The company’s net profit stood at Rs 789.86 crore. Rail Vikas Nigam Limited has paid a tax of Rs -146.403 crore in the current year.
NATIONAL FERTILIZERS LTD
National Fertilizers Limited is a penny stock company in the fertilizer sector. The total valuation (market value) of the company is ₹2,953 crores. The price of one share of the company is ₹ 59.80 in the BSE market today and ₹ 59.80 in the NSE market today. The company was established in the year 1974.
As per the report provided by the company, the total income for the last year stood at Rs.13,193.68 crore and the total sales stood at Rs.13,135.36 crore. The company’s net profit stood at Rs-171.01 crore. National Fertilizers Limited has paid a tax of Rs -43.42 crore in the current year.
SJVN LTD
SJVN Limited (SJVN) is a penny stock company in the Electric Utilities Sector. The total valuation (market value) of the company is ₹11,239 crore. The price of one share of the company is ₹28.60 in the BSE market today and ₹28.60 in the NSE market today. The company was established in the year 1988.
As per the report provided by the company, the total income for the last year stood at Rs 3,282.09 crore and the total sales stood at Rs 2,701.52 crore. The company’s net profit stood at Rs 1,651.89 crore. SJVN Limited has paid a tax of Rs.-463.63 crore in the current year.
TV18 BROADCAST LTD
IBN 18 Broadcast Limited (TV18 Broadcast) is a broadcast and cable TV penny stock company. The total valuation (market value) of the company is ₹10,603 crore. The price of one share of the company is ₹ 54.70 in the BSE market today and ₹ 54.70 in the NSE market today. The company was established in the year 2005.
As per the report provided by the company, the total income for the last year stood at Rs 1,216.08 crore and the total sales stood at Rs 1,149.64 crore. The company’s net profit stood at Rs 21.76 crore. IBN 18 Broadcast Limited has paid a tax of Rs 59.48 crore in the current year.
TRIDENT LTD
Trident Limited is a penny stock company in the textile sector. The total valuation (market value) of the company is ₹26,855 crore. The price of one share of the company is ₹ 52.25 in the BSE market today and ₹ 52.20 in the NSE market today. The company was established in the year 1990.
As per the report provided by the company, the total income for the last year stood at Rs 4,743.46 crore and the total sales stood at Rs 4,699.46 crore. The company’s net profit stood at Rs 341.8 crore. Trident Ltd. has paid a tax of Rs – 140.13 crores in the current year.
NHPC LTD
Trident Limited is a penny stock company in the textile sector. The total valuation (market value) of the company is ₹26,855 crore. The price of one share of the company is ₹ 52.25 in the BSE market today and ₹ 52.20 in the NSE market today. The company was established in the year 1990.
As per the report provided by the company, the total income for the last year stood at Rs 4,743.46 crore and the total sales stood at Rs 4,699.46 crore. The company’s net profit stood at Rs 341.8 crore. Trident Ltd. has paid a tax of Rs – 140.13 crores in the current year.
UJJIVAN SMALL FINANCE BANK LTD
Ujjivan Small Finance Bank Limited (Ujjivan Small Fin) is a banking sector penny stock company. The total valuation (market value) of the company is ₹ 2,946 crores. The price of one share of the company is ₹ 17.62 in the BSE market today and ₹ 17.60 in the NSE market today. The company was established in the year 2016.
As per the report provided by the company, the total income for the last year stood at Rs 3,025.814 crore and the total sales stood at Rs 2,703.599 crore. The company’s net profit stood at Rs 349.919 crore. Ujjivan Small Finance Bank Limited has paid a tax of Rs -111.505 crore in the current year.
HBL POWER SYSTEMS LTD
HBL Power Systems Limited (HBL Power Sys) is a penny stock company in the Other Electric Equipment / Products sector. The total valuation (market value) of the company is ₹2,238 crores. The price of one share of the company is ₹88.00 in the BSE market today and ₹88.35 in the NSE market today. The company was established in the year 1986.
As per the report provided by the company, the total income for the last year stood at Rs.1,093.608 crore and the total sales were Rs.1,077.092 crore. The company’s net profit stood at Rs 24.073 crore. HBL Power Systems Limited has paid a tax of Rs.-12,674 crore in the current year.
YES BANK LTD
Yes, Bank Limited (Yes Bank) is a Bank sector penny stock company. The total valuation (market value) of the company is ₹34,149 crore. The price of one share of the company is ₹ 13.78 in the BSE market today and ₹ 13.80 in the NSE market today. The company was established in the year 2003.
As per the report provided by the company, the total income for the last year stood at Rs 37,923.098 crore and the total sales stood at Rs 26,066.604 crore. The company’s net profit stood at Rs.16,418.031 crore. Yes, Bank Limited has paid a tax of -565.549 crores in the current year.
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