Penny Stocks

Penny Stocks To Buy Today

Company Name	LTP	% Change	Volume	Market Cap (in Cr)
Adroit Infotech Ltd	9.85	-3.43	6178	17.99
Hindusthan National Glass & Industries Ltd	13.85	-4.81	79734	125.37
Imagicaaworld Entertainment Ltd	13.95	4.89	213086	124.47
Kohinoor Foods Ltd	31.7	4.97	6527	117.52

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Penny Stocks Explained in Detail

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	4.35	2223	6.56
Premier Ltd	4.95	0	66785	14.88
Rollatainers Ltd	1.65	-2.94	797893	41.27
Infomedia Press Ltd	5.05	2.02	11530	25.35
Zenith Steel Pipes & Industries Ltd	6.65	4.72	100423	94.62
McNally Bharat Engineering Company Ltd	4.3	4.88	131247	90.98
Regency Ceramics Ltd	1.95	0	200	5.16
National Steel & Agro Industries Ltd	3.7	1.37	7548	16.47
Uttam Galva Steels Ltd	3.8	-3.8	2649879	54.06
Oil Country Tubular Ltd	8.1	0	16041	35.87
Ansal Housing Ltd	7	2.19	112354	41.57
Century Extrusions Ltd	9.9	-1	91692	79.6
Rolta India Ltd	4.85	-1.02	120484	80.46
Tamil Nadu Telecommunications Ltd	8.7	-4.92	11238	39.74
Metalyst Forgings Ltd	4.6	2.22	55183	20.03
Grand Foundry Ltd	4.7	4.44	17339	14.3
Easun Reyrolle Ltd	2.45	2.08	1213	7.54
Sumeet Industries Ltd	8.8	0	51554	89.65
Eastern Silk Industries Ltd	5.5	0.92	46333	43.82
Viceroy Hotels Ltd	3.7	2.78	4323	15.69
Soma Textiles & Industries Ltd	6.8	1.49	3631	22.46
TCI Finance Ltd	5.2	-3.7	6689	6.69
Sathavahana Ispat Ltd	3.1	-4.62	24467	15.78
Sanwaria Consumer Ltd	1	-4.76	1767273	73.61
Diamond Power Infrastructure Ltd	1.85	0	31212	49.9
Spentex Industries Ltd	2.55	4.08	2091	22.89
Mercator Ltd	1.75	2.94	153644	52.93
Vikas Wsp Ltd	2.95	-3.28	160558	60.31
Shyam Telecom Ltd	8.25	0	6945	9.3
Gangotri Textiles Ltd	1.1	-4.35	1550	3.59
Norben Tea & Exports Ltd	5.9	3.51	225	6.93
JMT Auto Ltd	1.7	-2.86	226851	85.65
DCM Financial Services Ltd	3	-4.76	12505	6.64
Hotel Rugby Ltd	5	-1.96	6000	7.16
JIK Industries Ltd	0.75	-6.25	7692	5.45
Sambhaav Media Ltd	4.3	3.61	77368	81.22
Antarctica Ltd	1.25	4.17	468276	18.6
Mohota Industries Ltd	6	1.69	28208	8.97
Raj Rayon Industries Ltd	7.95	4.61	23	1.81
Alps Industries Ltd	4.4	-4.35	10	17.21
Sri Havisha Hospitality & Infrastructure Ltd	2.55	4.08	55030	39.15
Adroit Infotech Ltd	9.85	-3.43	6178	17.99
Sri Adhikari Brothers Television Network Ltd	1.5	0	772	5.24
Country Condos Ltd	4.95	-1	70329	38.41
Vikas Proppant & Granite Ltd	1.8	-2.7	967055	92.64
Viji Finance Ltd	3.3	-2.94	162440	27.23
LCC Infotech Ltd	2.95	-4.84	135884	37.35
Usha Martin Education & Solutions Ltd	6.25	-4.58	1030	16.51
Madhucon Projects Ltd	6.15	4.24	26364	45.38
Punj Lloyd Ltd	2.2	-2.22	208888	73.83
SKIL Infrastructure Ltd	3.9	-3.7	249117	89.88
Jain Studios Ltd	2.35	-4.08	2380	6.72
Blue Coast Hotels Ltd	6.85	0	1	8.73
Winpro Industries Ltd	4.95	-1.98	345559	49.48
Blue Chip India Ltd	0.45	0	22701	2.49
Ortel Communications Ltd	1	-4.76	7450	3.3
Quintegra Solutions Ltd	1.7	-2.86	3605	4.56
Creative Eye Ltd	4.1	0	0	8.22
Stampede Capital Ltd	0.8	0	96523	82.73
Visagar Polytex Ltd	1.6	-3.03	1791411	46.83
Lypsa Gems & Jewellery Ltd	5.45	0	26893	15.77
Melstar Information Technologies Ltd	4	2.56	111	5.71
Next Mediaworks Ltd	6.05	2.54	4714	40.47
Radaan Mediaworks (I) Ltd	1.6	-3.03	5690	8.67
Transwarranty Finance Ltd	8.3	-1.78	5659	19.69
Consolidated Construction Consortium Ltd	2.35	-2.08	462626	93.65
S.A.L Steel Ltd	9	-4.76	112594	76.47
Impex Ferro Tech Ltd	8.3	4.4	35910	72.98
Radha Madhav Corporation Ltd	2.1	-2.33	47449	19.17
Educomp Solutions Ltd	3.7	0	23436	44.09
Bartronics India Ltd	4.95	-1.98	57804	16.85
TGB Banquets & Hotels Ltd	9.2	-3.66	4775	26.95
Ankit Metal & Power Ltd	6.85	-4.2	190865	96.66
C & C Constructions Ltd	4.15	2.47	15027	10.56
Kaushalya Infrastructure Development Corpn Ltd	3.9	0	45345	13.33
GI Engineering Solutions Ltd	4.05	0	4	3.49
Burnpur Cement Ltd	5.9	0.85	178259	50.81
Tarapur Transformers Ltd	4	0	35	7.8
Prakash Steelage Ltd	5.05	-2.88	847267	88.38
Gyscoal Alloys Ltd	3.55	-4.05	498918	56.19
Excel Realty N Infra Ltd	6.2	-2.36	40053	57.37
Goenka Diamond & Jewels Ltd	2.55	4.08	172024	80.84
Future Enterprises-DVR	7.75	4.73	22175	30.52
Shekhawati Poly-Yarn Ltd	0.65	-7.14	31325	22.41
Future Market Networks Ltd	5	-1.96	138242	28.77
Tijaria Polypipes Ltd	6.7	2.29	19807	19.18
Bharatiya Global Infomedia Ltd	3.45	-4.17	1785	5.46
Kridhan Infra Ltd	4.7	-2.08	44173	45.02
Ujaas Energy Ltd	4.05	-1.22	393869	81.12
Tree House Education & Accessories Ltd	8.35	-5.11	41728	35.75
Setubandhan Infrastructure Ltd	2.95	3.51	45025	37.08
MT Educare Ltd	8	0	73974	57.78
TV Vision Ltd	3.25	-4.41	1100	11.94
Integra Essentia Ltd	1.85	1133.33	31310	3.86
Diligent Media Corporation Ltd	2.45	4.26	134135	27.66
B.C. Power Controls Ltd	4.8	0	115543	27.93
BKM Industries Ltd	2.2	2.33	109731	14.09
SAB Events & Governance Now Media Ltd	6.9	0	8831	7.13
Gayatri Highways Ltd	0.6	-7.69	179335	15.58
Niraj Ispat Industries Ltd	0	0	0	0
Transwind Infrastructures Ltd	5.7	4.59	4000	3.81
Innovative Tyres & Tubes Ltd	3.65	4.29	6000	6.57
A and M Jumbo Bags Ltd	6.65	-4.32	24000	6.98
Bright Solar Ltd	5	-0.99	12000	10.2
Ganga Forging Ltd	6.85	-4.86	167560	72.59
Aditya Birla Sun Life NIFTY Healthcare ETF	7.95	-0.5	36201	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 of time, i.e. when it becomes 2X or 3X its original value.

Company Name	LTP	% Change	Volume	Market Cap (in Cr)
Ankit Metal & Power Ltd.	6.85	-4.20	190865	96.66

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	69.25	-1.28	7657	158.17
HB Stockholdings Ltd	45.15	-1.85	4944	32.23
Jullundur Motor Agency (Delhi) Ltd	69.25	-1.28	7657	158.17
Steel City Securities Ltd	58	4.88	16053	87.17
Pasupati Acrylon Ltd	36.1	-2.70	96039	321.76

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.