Penny Stocks

Penny Stocks To Buy Today

Company Name	LTP	% Change	Volume	Market Cap (in Cr)
Adroit Infotech Ltd	17.9	3.17	55238	31.79
IDEA	8.8	3.53	223318668	28264.59
DISHTV	17.6	-2.22	34466064	3240.67
MAHABANK	17.8	2.01	2320576	11980.28
GMRINFRA	35.55	0.28	16282366	21457.79

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Penny Stocks Explained

Penny stocks, because of their low price, are used to get trading experience for new traders. These stocks are very low priced, and it is almost risk-free to try your luck with penny stock trading. Penny stocks are quite popular with small investors because of their potential for huge gains. The gains may be in the range of 300% to 500% or even higher. Even if you have a small investment of Rs 100/-, you can still gain up to Rs 500/- profit.

List of Penny Stocks

Company Name	LTP	% Change	Volume	Market Cap (in Cr)
Lakshmi Precision Screws Ltd	6.05	0	1647	6.62
Premier Ltd	3.8	-1.3	65153	11.54
Rollatainers Ltd	1.3	0	164538	32.52
Infomedia Press Ltd	4.85	-3.96	1125	24.34
Zenith Steel Pipes & Industries Ltd	5.55	4.72	247444	78.97
McNally Bharat Engineering Company Ltd	3.5	2.94	78321	75.11
Uttam Galva Steels Ltd	3.35	1.52	437295	46.95
Ansal Housing Ltd	5.7	-1.72	295115	33.85
Rolta India Ltd	4.35	1.16	122887	71.33
Tamil Nadu Telecommunications Ltd	8.05	0.63	10698	37.46
Metalyst Forgings Ltd	4.35	0	2292	18.94
Grand Foundry Ltd	4.35	0	1000	13.24
Easun Reyrolle Ltd	2.65	-1.85	950	8.16
Sumeet Industries Ltd	5.7	0	199578	59.08
Eastern Silk Industries Ltd	3.75	2.74	35853	29.61
Soma Textiles & Industries Ltd	7.3	1.39	3201	24.11
Sanwaria Consumer Ltd	0.8	6.67	537603	58.89
Mercator Ltd	1.15	4.55	314510	34.78
Vikas Wsp Ltd	2.25	0	68931	46
Ind-Swift Ltd	9.35	1.08	8420	50.64
Norben Tea & Exports Ltd	6.75	0.75	200	7.93
Parenteral Drugs (India) Ltd	3.2	0	200	9.54
DSJ Keep Learning Ltd	7.05	-4.73	8149	58.67
Bhandari Hosiery Exports Ltd	5.55	0.91	228967	80.59
DCM Financial Services Ltd	8.35	-4.57	4959	18.48
Sambhaav Media Ltd	4.7	2.17	35332	86.96
Antarctica Ltd	0.9	0	182890	13.95
IMP Powers Ltd	7.3	1.39	8182	6.3
Alps Industries Ltd	2.55	-3.77	34495	9.97
Sri Havisha Hospitality & Infrastructure Ltd	2.35	-4.08	21342	71.29
Country Condos Ltd	4	0	24804	30.65
Vikas Proppant & Granite Ltd	0.9	5.88	418731	43.75
Viji Finance Ltd	2.2	0	172191	18.15
Kanani Industries Ltd	8.9	1.14	150323	87.06
LCC Infotech Ltd	2.7	-1.82	57343	34.18
Usha Martin Education & Solutions Ltd	4.25	0	22550	11.23
Madhucon Projects Ltd	5.65	2.73	5376	41.69
Punj Lloyd Ltd	2.35	-4.08	595110	78.87
Blue Coast Hotels Ltd	5.8	4.5	1	7.39
Winpro Industries Ltd	5.6	0	715534	55.98
Ortel Communications Ltd	1.4	3.7	30058	4.62
Creative Eye Ltd	4.6	4.55	99	9.23
Visagar Polytex Ltd	1.3	0	858231	38.05
Landmark Property Development Company Ltd	6.3	0.8	69121	84.51
Lypsa Gems & Jewellery Ltd	5.8	2.65	24122	17.25
Next Mediaworks Ltd	5.65	-0.88	6021	37.79
Radaan Mediaworks (I) Ltd	1.4	3.7	52813	7.58
Transwarranty Finance Ltd	9.4	1.62	3352	22.99
Consolidated Construction Consortium Ltd	1.85	2.78	114096	73.72
Impex Ferro Tech Ltd	5.15	4.04	99176	45.28
Radha Madhav Corporation Ltd	1.65	-2.94	36800	15.06
Bartronics India Ltd	4.05	3.85	16990	13.62
Ankit Metal & Power Ltd	5.95	0	161321	83.26
Kaushalya Infrastructure Development Corpn Ltd	4.7	2.17	38155	16.1
Burnpur Cement Ltd	5.1	2	101432	43.49
Tarapur Transformers Ltd	4.7	-1.05	3015	9.17
Prakash Steelage Ltd	5.45	0	543733	95.38
Gyscoal Alloys Ltd	2.85	0	279753	45.11
Excel Realty N Infra Ltd	0.65	0	12934606	91.7
Supreme Engineering Ltd	1.9	-2.56	1032553	47.49
Goenka Diamond & Jewels Ltd	1.8	2.86	70456	57.06
Future Enterprises-DVR	7.5	0	8359	29.73
Future Market Networks Ltd	4.7	-1.05	32976	27.33
Tijaria Polypipes Ltd	4.5	-4.26	29999	13.03
Kridhan Infra Ltd	4	1.27	24825	37.44
Ujaas Energy Ltd	3.15	-1.56	140268	63.09
Sanco Industries Ltd	9.3	0.54	3834	12.04
Setubandhan Infrastructure Ltd	1.85	2.78	327515	23.25
MT Educare Ltd	8.55	0.59	88690	61.03
TV Vision Ltd	2.25	2.27	800	8.27
Diligent Media Corporation Ltd	4	-4.76	157301	47.08
B.C. Power Controls Ltd	5.05	2.02	237633	29.69
Globe Textiles (India) Ltd	5.75	-1.71	1082977	86.91
BKM Industries Ltd	1.35	3.85	68029	8.85
SAB Events & Governance Now Media Ltd	6.35	4.96	11950	6.66
Gayatri Highways Ltd	0.7	-6.67	105869	16.78
Jalan Transolutions (India) Ltd	8.4	-4.55	12000	12.21
Transwind Infrastructures Ltd	6.7	0.75	32000	4.48
Godha Cabcon and Insulation Ltd	2.85	-5	3687876	63.29
Bright Solar Ltd	5.1	4.08	45000	10.2
Ganga Forging Ltd	5.7	0	156206	59.34
Vaxtex Cotfab Ltd	9.1	-3.7	180712	45.68
Aditya Birla Sun Life NIFTY Healthcare ETF	8.25	0.49	80878	0

Multibagger Penny Stocks

Multibagger Penny Stocks are identical to penny stocks; the only difference is that their price rises every once in a while from the time you invest. If an investor invests in a stock priced at Rs. 10 and the price rises to Rs. 20, the stock is known as a two-bagger. Similarly, if the price exceeds Rs. 30, it is referred to as a three-bagger, and so on. When the price reaches Rs. 20, it is a 100% profit, and when it reaches Rs. 30, it is a 200% profit and continues to rise. This is known as Multibagger Penny Stocks. There is no standard definition for multibagger stocks, however a stock is said to be a multibagger when it can provide 100% or more returns in a short period, i.e. when it becomes 2X or 3X its original value.

Company Name	LTP	% Change	Volume	Market Cap (in Cr)
Ankit Metal & Power Ltd.	5.95	0.00	161321	83.26
GMRINFRA	35.55	0.28	16282366	21457.79
MAHABANK	17.8	2.01	2320576	11980.28

Debt Free Penny Stocks

Debt Free Penny Stocks are penny stocks that have no debt. When it comes to portfolio diversification in a volatile market, debt-free penny stocks are crucial. They have the potential to be profitable in the long run.

Company Name	LTP	% Change	Volume	Market Cap (in Cr)
Jullundur Motor Agency	72.35	0.91	18242	165.6
HB Stockholdings Ltd	49.4	0.82	5510	35.26
Jullundur Motor Agency (Delhi) Ltd	72.35	0.91	18242	165.6
Steel City Securities Ltd	61.2	7.75	83419	92.46
Pasupati Acrylon Ltd	35.25	2.47	38997	312.85

Features of Penny Stocks

Some characteristics of penny stocks include little liquidity, limited historical information, the possibility to become a multi-bagger stock, and relatively low values. Let's understand these: 1. Low liquidity: Penny stocks are typically connected with small businesses and move infrequently, indicating a lack of liquidity or available buyers in the market. As a result, investors may find it difficult to sell a penny stock during an emergency because buyers are not always available. 2. Limited historical information: Many of the companies classified as penny stocks may be newly formed, and some might be on the verge of bankruptcy. These businesses will typically have a poor track record or no track record at all. As you might expect, a lack of historical data makes determining a stock's potential challenging. 3. High Return Potential: Penny stocks typically have a higher level of volatility, resulting in a bigger potential for reward and, consequently, a higher level of inherent risk. 4. Low cost: Penny stocks due to their lower price have the potential for a substantial upside in share appreciation.

Benefits of Investing in Penny Stocks

The penny stocks are quite volatile but have the potential to provide exceptional returns. They have the potential to produce quick growth in a short period of time, and as a result, they have become a popular choice among investors. Major gains can be made with a small amount of money invested. 1. Tomorrow's Gainers: Many good businesses trade for pennies. They may have proven management and teams, strong financial positions and rising ratios, a growing revenue, and innovative products or services poised to dominate an industry. 2. It is Exciting to hunt for a perfect Penny stock: We all know the adrenaline that comes with significant profits (and losses) in an investment. Hunting, trading and investing in penny stock are all exciting and thrilling. 3. A small sum can turn into something much bigger: The majority of penny stock investors begin trading with small amounts. With Rs.10000 to trade, an individual may only be able to purchase three or four shares of a blue-chip business. The same amount of money could buy them thousands of penny stock shares. 4. Gains at a Rapid Pace: Not all penny stocks see rapid price movement. Those who do, however, tend to produce large price swings in days rather than years.

Risks of Investing in Penny Stocks

Holders find it difficult to cash out due to a lack of liquidity. Penny stocks are often thinly traded. Artificially inflating share prices may result in false statements about the company's status, often known as the "pump and dump" strategy, which is a type of fraud in microcap stocks.

How to find Penny Stocks?

Before investing in a penny stock, investors should conduct extensive due diligence. Research the company well. Try paper trading - A paper trade is a technique of simulating trading for investors to practise buying and selling stocks without using actual money. Monitor your investment regularly. You should select stocks from the over-the-counter (OTC) markets. Avoid the Pink Sheets stocks meaning the stocks which are prone to manipulation. Avoid the pump and dump stocks. Avoid penny stocks with low liquidity. Know when to sell your penny stock so you can make quick money. Trade penny stocks only with money you can afford to lose.

Frequently Asked Questions

What are Penny Stocks?

Penny stocks in India are the stocks that are traded at a low price and volume. The minimum price of penny stocks in India is Rs. 0.01. Penny stocks in India are traded on the NSE and the BSE.

Why should you invest in penny stocks?

The price of penny stock can be more volatile than other shares. There is no assurance that they will give good returns on investment. The value of penny stocks may go down without any warning. If you want to invest in penny stocks, then follow the rule of "Don't put all eggs in one basket". Penny stocks are characterised by high volatility in prices and do not have any formal listing on the exchange. Penny stocks usually carry high risks when it comes to investment, especially when trading them online. Penny stocks are considered shares of low value traded on over-the-counter bulletin boards. Unlike regular trading, investors do not buy these securities from the company itself but brokers or dealers. These dealers make a profit by marking up the price of the stock they are selling to you. Thus, they are also known as 'marketers'. Penny stocks are generally quoted with two different prices – bid price and ask price. The bid price is the price at which a dealer is willing to buy the security from you, while the asking price is when a dealer will sell you that security. The difference between these prices is called the spread, and it varies with different penny stocks. The spread indicates how expensive or cheap a penny stock is being traded. The wider the spread, the more expensive it is for investors to buy them, which might translate into higher risks for investors who hope to gain from price appreciation of these securities. Because of the risk involved with penny stocks, some investors don't think it's worth buying shares in them. Others argue they're fine if you know what you're doing and have the time to monitor your investments carefully.