What are the penny stocks in India?

Asked by: Marvin Medhurst  |  Last update: February 9, 2022
Score: 4.1/5 (74 votes)

Definition: Penny stocks are those that trade at a very low price, have very low market capitalisation, are mostly illiquid, and are usually listed on a smaller exchange. Penny stocks in the Indian stock market can have prices below Rs 10.

What are the best penny stocks in India?

  • Hindalco522.80-0.45% Indus Towers252.00-1.25% NMDC154.400.65% SAIL102.95-2.05%
  • High Dividend Yield. CESC. Swaraj Engines. Britannia.
  • Sharda Cropchem668.701.65%
  • NMDC154.400.65%
  • Value Stocks. NMDC154.400.65% Manali Petro114.35-1.72% Sun TV508.200.54% Ipca Labs1020.70-1.54%

How do I find penny stocks in India?

Penny stocks have the following characteristics: Low cost and low volume of trade, Unpredictable results, Smaller business, It is speculative, Market capitalization is low, Factor of high risk, erratic Price fluctuations.

Can you get rich off penny stocks?

Penny stocks are viewed as a way to get rich because they tend to have high percentage returns. ... If you purchase 10 shares of the stock that is priced at $100 and the price soars by $1 per share, you will have earned a profit of only $10.

Was Amazon a penny stock?


Way back, it was once a penny stock. That's right. When this tech goliath debuted on the market in 1997, it traded for under $2 per share.

4 Best Debt Free Penny Stocks in India- Penny Stocks List Debt free 2022 | YASH Tv Penny Share

45 related questions found

Was Apple a penny stock?

Apple Inc.

While, Apple never really did trade as a penny stock, however, throughout 2002 and 2003, shares of Apple could have been picked up for well under $8 per share (split-adjusted). This was a few years after the iPod was released and before the iPhone and iPads were released.

Can a penny stock go to 0?

As with any stock, penny stocks can lose all of their value, and the share price can fall to zero. In terms of ongoing price minimums, if a penny stock's price falls below $1 for at least 30 consecutive days, it may be delisted.

Can I buy penny stocks on Zerodha?

Zerodha (Penny Stock Trading with Zerodha)

Trading is available in all stocks which is on the exchange in any category. There is no additional charges for trading in penny stocks. Trading is available in penny stocks which are even less than Rs 2.

Which penny stock is best?

Top 10 Gainers Penny Stocks Today: January 10
  • Pil Italica Lifestyle Ltd. 13.25. 19.91.
  • Oriental Trimex Ltd. 16.00. 13.07.
  • Super Spinning Mills Ltd. 15.00. 9.89.
  • Sumit Woods Ltd. 14.60. 9.77.
  • Globe Textiles (India) Ltd. 14.75. 9.67.
  • Jaiprakash Power Ventures Ltd. 9.25. 9.47.
  • Shekhawati Poly-Yarn Ltd. 0.75. 7.14.
  • MT Educare Ltd. 12.35. 6.58.

Which is best share under 20 RS?

Best Stocks Under Rs 20 (Based on Market Cap)
  • Vodafone Idea Ltd.
  • UCO Bank Ltd.
  • Bank of Maharashtra Ltd.
  • Punjab & Sind Bank Ltd.
  • Suzlon Energy Ltd.
  • Reliance Power Ltd.
  • Ujjivan Small Finance Bank Ltd.
  • Dish TV India Ltd.

How fast can penny stocks Grow?

Day trading penny stocks is risky, but there is always the chance of finding one that can move 20-30% each day.

How do beginners invest in penny stocks?

How to Invest in Penny Stocks
  1. Do your research. Make sure the penny stock companies you're interested in are legitimate. ...
  2. Choose a broker. A little research online will net you quick results on which brokers are the best for penny stock aficionados. ...
  3. Determine which stock to trade. ...
  4. Begin trading.

Should I avoid penny stocks?

Penny stocks are sometimes seen as a way to get rich quick. They don't cost much to own, so people see trading penny stocks as an easy way to start investing. If you're buying shares at a super low price, it wouldn't take much of an increase to get rich, right? In general, you should avoid penny stocks like the plague.

Do penny stocks make money?

Can you make money on penny stocks? It is possible to make money with penny stocks. Then again, it's technically possible to make money with any type of stock. Successful investors usually focus on the potential for their stock picks, regardless of price, to gain value over the long term.

How long should I hold penny stocks?

Experts Might Hold The Stock For 6 Minutes Or Up To 6 Months: If you are a day trader, you may be buying and selling stocks at an average of every five or 10 minutes. But, investors who are looking for long-term plays and do not want to trade much off momentum, might hold penny stocks for as long as six months.

Is Trident a penny stock?

Trident ltd. Has yielded 420% and 270% return in last 5 and 1 year respectively. Its a really great multibagger penny stock.

How do you pick penny stocks?

When choosing penny stocks, you've got to look at the price volatility. With penny stocks, you're not looking for slow-moving, months-long uptrends or downtrends. You're looking for stocks that are rapidly spiking. The fast-moving stocks are usually the ones that you want to look at as a penny stock trader.

Why can't I buy penny stocks in Zerodha?

Purchase orders are blocked on illiquid penny stocks since the price of such stocks is often manipulated by fraudsters. ... You will need to set up TOTP for Kite login if you want to trade in such illiquid stocks.