Best High Volume Penny Stocks in India 2024

High Volume Penny Stock
Best High Volume Penny Stocks in India 2024

by Tanushree Jaiswal Last Updated: Feb 29, 2024 - 04:33 pm 2.4k Views
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Investors are drawn to high volume penny stocks because of their dynamic and possibly profitable character. These companies, valued at a low price per share, frequently see a lot of trading activity, defined by a large volume of shares changing hands quickly. High volume penny stocks are attractive because they might have large price swings, giving traders both possibilities and risks.  

These companies are attractive to investors because of their ability to react quickly to changes in market sentiment, which can cause abrupt and significant changes in value. For individuals who want to make the most of the fast-paced world of stock trading and reap its possible benefits, it is essential to comprehend the dynamics of top high volume penny stocks.

What are High Volume Penny Stocks?

Penny stocks with high volume are traded at low prices per share, yet many shares exchange hands in a given period. An elevated market activity, with a substantial buying and selling volume, indicates these equities. Penny stocks are equities that trade for less than a particular amount. These penny stocks attract confident investors because of their low share prices and large trading volumes, which could lead to rapid and considerable price fluctuations. 

But it's crucial to remember that because penny stocks are volatile and subject to market swings, investing in them—especially those with high volume—can be risky and speculative. Investors should be cautious and research extensively when incorporating the best high volume penny stocks into their investment strategy.

List of Top 10 High Volume Penny Stocks

Below is the list of high volume penny stocks to invest in 2024:

• Reliance Home
• Pressure Sensitive Systems
• Franklin Industries
• Abhinav Leasing
• Seacoast Ship
• Galactico Corporation
• Family Care Hospital
• Debock Industries
• Advik Capital
• Goyal Associates

Overview of Best High-Volume Penny Stocks

Below is a detailed overview of each stock based on the list of high volume penny stocks above. This overview will help the investors understand which top high volume penny stocks will be best for them to invest in.    

1. Reliance Home
Reliance Home is an Indian company in the housing finance business. They offer different loan options, such as home loans, affordable housing, construction finance, and loans against property. The company has a volume of 785,097, with a 52-week low of 1.70 and a high of 5.80.    

2. Pressure Sensitive Systems
It is again an Indian company; however, it is not doing any business or activity. Additionally, it is the first time in five years that the company has been debt-free. The management is looking for opportunities to come back into operations. The company has a volume of 878,129, with a 52-week low of 5.81 and a high of 13.00.     

3. Franklin Industries
Franklin Industries offers financial services to customers in India. Some services include real estate and trading commodities like gems, equities, textiles, and jewels. The company has a volume of 629,298, with a 52-week low of 0.89 and a high of 5.46.   

4. Abhinav Leasing
Abhinav Leasing is a non-deposit accepting and non-banking financial company based in India. It trades shares and securities and focuses on financing industries through advances and loans. The company has a volume of 150,089, with a 52-week low of 1.34 and a high of 3.57.   

5. Seacoast Shipping
Seacoast Shipping is an Indian logistics company offering solutions to importers and exporters. It deals in dry bulk, freight forwarding, and inland road logistics. It provides one-stop freight solutions to its customers. The company has a volume of 26,253,768, with a 52-week low of 1.76 and a high of 6.09.    

6. Galactico Corporation
It is an Indian merchant banking company involved in issue management and investment banking activities. It serves small, mid-sized, and medium enterprises and start-ups in corporate restructuring, corporate advisory, and other services. The company has a volume of 4,486,324, with a 52-week low of 3.25 and a high of 15.39.    

7. Family Care Hospital
Family Care is in the healthcare business and serves different communities. It provides healthcare solutions to employees, patients, partners, and physicians. Numerous services are available, such as general surgeries, orthopaedics, ENT, cardiology, etc. The company has a volume of 1,406,399, with a 52-week low of 6.35 and a high of 14.79.  

8. Debock Industries
Debock is a Malaysian company offering solutions in sales and marketing, hospitality, and agriculture. Its Eagle Sales division is situated in Rajasthan and manufactures agricultural products. It also has hotels and resorts located in Rajasthan under its hospitality sector. The company has a volume of 1,893,178, with a 52-week low of 8.00 and a high of 25.20.

9. Advik Capital
Advik is a non-banking financial company involved in providing loans and ancillary services. It operates through two segments - trade in securities and finance. It also carries business related to fund investment, financial assistance, and undertaking of business leases. The company has a volume of 6,304,262, with a 52-week low of 1.96 and a high of 5.16.  

10. Goyal Associates
It is also a non-banking financial company involved in fund-based activities, such as giving micro-enterprise loans, vehicle loans, agricultural loans, etc. It also deals in trading and other NBFC-related activities. The company has a volume of 291,977, with a 52-week low of 1.27 and a high of 3.32.

Performance List of High-Volume Penny Stocks

Let’s look at the performance of the best high volume penny stocks to invest in:

Stock Name

Book Value

CMP (Rs.)

EPS

P/E

RoCE

RoE

YTD (%)

3 Years (%)

5 Years (%)

Reliance Home

-1.40

4.80

123.20

0.04

258%

-

0.00%

157%

102%

Pressure Sensitive

8.12

8.03

7.46

1.08

110%

128%

0.00%

-

-

Franklin Industries

1.51

4.87

1.24

2.51

70.7%

52.6%

0/00%

274%

77%

Abhinav Leasing

1.13

2.84

0.01

1,419

47.5%

1.78%

000%

71%

20%

Seacoast Shipping

2.29

5.61

0.14

15.0

38.4%

36.1%

0.00%

771%

266%

Galactico Corporation

2.06

6.12

0.04

10.3

37.8%

38.4%

0.00%

118%

56%

Family Care Hospital

8.96

9.54

0.88

10.1

23.2%

17.6%

0.52%

221%

44%

Debock Industries

12.8

9.40

0.71

13.1

22.4%

19.3%

0.00%

145%

67%

Advik Capital

1.50

3.62

0.22

17

21%

27%

0.00%

354%

148%

Goyal Associates

0.64

2.20

0.14

15.2

20.6%

25%

0.00%

54%

63%

Factors to Consider Before Investing in High Volume Penny Stocks

Investors should carefully consider several factors before investing in high volume penny stocks. Listed below are a few for your reference:

• Examine the company's balance sheet, revenue growth, and profitability to understand its financial situation firsthand. 
• Become well-versed on market trends, industry developments, and the competitive landscape of the business. 
• Conducting due diligence on potential regulatory difficulties, business governance, and management is crucial. 
• Examine the stock's volatility, trading patterns, and past performance.
• Maintain a high stock volume to minimize liquidity problems during trading. 
• Establish risk management procedures, reasonable targets, and a well-defined investing strategy. 
• High volume penny stocks are very speculative; therefore, diversify your holdings and only make investments you can afford to lose. 
• Always consult a professional adviser; caution should be used, and knowledge should be maintained to navigate the volatile world of high volume penny stocks successfully.

Benefits of Investing in High Volume Penny Stocks

For some investors, large-volume penny stock investing has unique advantages. Above all, the possibility of abrupt and significant price fluctuations offers chances for large profits. Listed below are some for your reference:

• The liquidity of considerable trading volumes makes investing in shares comparatively simple. 
• Furthermore, investors can create a diversified portfolio with a relatively minimal investment because of the cheap entry cost per share. 
• Penny stocks with high trading volumes could offer short-term strategies that exploit market instability. 
• Although these equities are more volatile and prone to manipulation, these risks can be reduced with careful research and well-considered decision-making. 
• High volume penny stocks can be a risky but profitable part of a diversified investing strategy for risk-tolerant investors with a solid understanding of market dynamics.

How to Invest in High Volume Penny Stocks

Because high volume penny stocks carry inherent dangers, investing in them calls for caution. Before entering this precarious market, take into account the following steps:

• Examine the elements that affect penny stocks, such as market patterns, business environment, and the company's financial standing.
• Choose if you want to trade for short-term earnings or make long-term investments.
• Select a trustworthy brokerage platform that provides access to high volume penny stocks, research tools, and an easy-to-use interface.
• Define precise procedures for risk management, such as placing stop-loss orders to reduce possible losses.
• Examine the companies' financial situation closely by examining their cash flow, income statements, and balance sheets.
• Examine stock price charts, spot trends, and pinpoint possible entry and exit points using technical analysis tools.
• Keep abreast of company announcements, market changes, and anything else that might affect the stocks you are thinking about.
• Start small with an investment to reduce risk and acquire experience trading high volume penny stocks.
• Keep a close eye on your investments and be ready to modify your action plan in response to market changes.
• Adhere to your investing plan and refrain from acting rashly in response to transient market swings.

Also read about: Fundamentally Strong Penny Stocks of 2024

Final Thoughts

Finally, buying high volume penny stocks can be risky but exciting. Even if this market has the potential to yield significant returns, it is imperative to approach it with a clearly defined plan, extensive study, and a great understanding of the dangers involved. These equities' high liquidity and volatility present traders with possibilities, but they also come with a cost: discipline, constant observation, and a dedication to risk management. 

A prudent strategy should include diversity and ongoing education, just like any other investment. Whether contemplating short-term trading or integrating high volume penny stocks into a more comprehensive investment approach, investors must be disciplined, cautious, and ready for the inherent unpredictability of this specific stock market area.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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