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Penny Stocks - List of Best Penny Shares in India

Shares with current market prices ranging from ₹0.05 to ₹50 are termed as penny stocks. Such stocks also have low market capitalisation, typically less than ₹500 cr. Here's the list of penny stocks in India.

Penny Shares in India (2025)

Penny Stocks

Penny Stocks experienceing strong momentum

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Showing 1 - 20 of 85 results

last updated at 6:30 AM IST 
NameStocks (85)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓Net IncomeNet Income↓↓PE RatioPE Ratio↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓
1.Vodafone Idea LtdIDEATelecom ServicesTelecom Services1,22,969.341,22,969.3411.1311.13-27,383.40-27,383.40-4.49-4.490.820.8268.6468.6442.5142.51-1.75-1.75---1.99-1.99
2.Indian Overseas BankIOBPublic BanksPublic Banks71,191.6171,191.6134.3034.303,395.503,395.5020.9720.97-11.89-11.89-9.31-9.31-37.81-37.812.212.2111.3611.365.525.52
3.Yes Bank LtdYESBANKPrivate BanksPrivate Banks68,277.5568,277.5521.5621.562,446.482,446.4827.9127.91-4.94-4.948.128.122.862.861.431.435.445.442.312.31
4.UCO BankUCOBANKPublic BanksPublic Banks36,515.2036,515.2028.4928.492,467.992,467.9914.8014.80-7.74-7.74-9.15-9.15-38.61-38.611.181.188.508.505.575.57
5.Central Bank of India LtdCENTRALBKPublic BanksPublic Banks33,082.8733,082.8735.9535.953,934.223,934.228.418.41-5.44-5.44-5.32-5.32-36.76-36.760.890.8911.3311.337.477.47
6.Motherson Sumi Wiring India LtdMSUMICablesCables30,485.7530,485.7545.1545.15605.90605.9050.3150.31-6.62-6.6210.9110.918.618.6117.9517.9535.9035.9043.1943.19
7.Nippon India ETF Nifty ITITBEESEquityEquity30,269.8730,269.8741.8841.88----4.674.67-2.08-2.08-14.30-14.30------
8.IRB Infrastructure Developers LtdIRBConstruction & EngineeringConstruction & Engineering25,381.9225,381.9241.0641.066,480.696,480.693.923.92-8.92-8.92-16.71-16.71-29.18-29.181.281.2838.6138.6117.2817.28
9.Punjab & Sind BankPSBPublic BanksPublic Banks19,704.4419,704.4426.8826.881,015.841,015.8419.4019.40-10.64-10.64-14.07-14.07-47.65-47.651.481.487.037.034.164.16
10.Ola Electric Mobility LtdOLAELECTwo WheelersTwo Wheelers15,684.3015,684.3032.9032.90-2,276.00-2,276.00-6.89-6.89-23.13-23.13-29.26-29.26-66.23-66.233.053.05-63.55-63.55-25.40-25.40
11.Reliance Power LtdRPOWERPower GenerationPower Generation14,206.3714,206.3735.6935.692,947.832,947.834.824.82-14.49-14.49-43.91-43.91-23.59-23.590.870.8721.0921.0916.1316.13
12.Trident LtdTRIDENTTextilesTextiles13,961.3413,961.3427.0027.00369.88369.8837.7537.75-5.06-5.06-11.65-11.65-25.04-25.043.023.028.288.2810.2310.23
13.IFCI LtdIFCISpecialized FinanceSpecialized Finance13,094.3713,094.3747.1047.10171.04171.0476.5676.56-13.77-13.77-22.34-22.34-24.83-24.830.870.871.501.503.793.79
14.Jaiprakash Power Ventures LtdJPPOWERRenewable EnergyRenewable Energy12,411.6112,411.6117.9217.92813.55813.5515.2615.260.500.502.932.93-4.83-4.831.011.016.846.8410.0610.06
15.NMDC Steel LtdNSLNISPIron & SteelIron & Steel12,041.8612,041.8639.8339.83-2,373.78-2,373.78-5.07-5.07-8.01-8.014.354.35-10.61-10.610.920.92-16.60-16.60-14.38-14.38
16.South Indian Bank LtdSOUTHBANKPrivate BanksPrivate Banks10,439.4010,439.4039.2539.251,303.091,303.098.018.012.642.6431.6731.6753.8053.801.031.0313.7613.7610.1310.13
17.Alok Industries LtdALOKINDSTextilesTextiles7,969.217,969.2115.7215.72-816.43-816.43-9.76-9.76-9.03-9.03-20.28-20.28-30.69-30.69-0.47-0.47---3.59-3.59
18.PC Jeweller LtdPCJEWELLERPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches7,658.287,658.289.999.99577.70577.7013.2613.26-14.18-14.18-18.65-18.65-47.94-47.941.241.2412.6612.668.068.06
19.Network18 Media & Investments LtdNETWORK18Movies & TV SerialsMovies & TV Serials6,679.946,679.9441.8241.82-1,687.00-1,687.00-3.96-3.96-10.58-10.58-21.30-21.30-43.13-43.131.391.39-10.22-10.22-25.64-25.64
20.HMT LtdHMTIndustrial MachineryIndustrial Machinery5,816.975,816.9748.2748.27-143.06-143.06-40.66-40.66-10.61-10.61-30.93-30.93-27.07-27.07-3.06-3.06--4.004.00
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Market Cap = >1000, Close Price = <50 | Market Cap: Sorted from Highest to Lowest

Overview of the Penny Stocks

Yes Bank Ltd

Yes Bank is a leading private sector bank in India offering a comprehensive range of banking and financial products, including retail and corporate banking, loans, and wealth management services. Among the top penny stocks in India, it aims to foster economic growth and financial inclusion.

Vodafone Idea Ltd

Vodafone Idea is a prominent telecommunications service provider in India. As one of the NSE penny stocks, it delivers mobile voice, data, and enterprise connectivity solutions under the brand Vi, with a focus on digital innovation and extensive network coverage.

Trident Ltd

Trident Ltd is a diversified business conglomerate primarily known for its textile and paper products. As one of the small-cap penny stocks, it produces high-quality towels, bed linens, and sustainable paper solutions, serving global markets with a commitment to eco-friendly practices.

Sagility India Ltd

Sagility India is one of the best-performing penny stocks that specialises in business process management (BPM) services. It provides technology-enabled solutions for healthcare, insurance, and other industries, focusing on operational efficiency and customer satisfaction.

Reliance Power Ltd

Reliance Power is an energy company under the Reliance Group, engaged in developing, constructing, and operating power projects across India, leveraging renewable and non-renewable resources to meet the country’s energy demands.

To Wrap It Up

In conclusion, penny stocks in India present a high-risk, high-reward investment opportunity. While some investors may be drawn to the potential for significant returns, the associated risks, such as volatility, low liquidity, and susceptibility to market manipulation, cannot be overlooked. Regulatory oversight aims to protect investors, but it is crucial to approach these stocks with a clear understanding of their speculative nature. With proper research and awareness, penny stocks can be a valuable addition to a diverse investment portfolio, but they require careful consideration due to their unpredictable performance.

What are Penny Stocks?

Penny stocks listed on the NSE are typically low-priced shares of small-cap or micro-cap companies, often trading at a price range between ₹0.05 and ₹50. While these stocks can offer significant growth potential, they come with higher risks due to factors such as limited liquidity, high volatility, and a potential for market manipulation.

Features of Penny Stocks in India

Potential Returns

Penny stocks are generally issued by smallcap companies, small businesses, and startups. Such businesses are young and relatively new to the industry and stock markets, which gives them significant potential for growth.

High Risk

As is known, along with high returns comes high risk. Since small-cap companies and startups mostly issue penny stocks, they can be risky avenues. This is because, although small-cap stocks have the potential to grow, they have fewer financial resources and smaller balance sheets.

Potential Illiquidity

High volatility and low market capitalisation of penny stocks attract less investors. Further, since these are traded less frequently, penny stocks are illiquid. This means matching buyers of penny stocks when you need to liquidate your holdings may be challenging.

Limited Information

Since penny stocks are mostly issued by smallcap companies and startups, you may not get enough information about the business, stability, historical data, and prospects to make sound investment decisions.

Advantages of Investing in Penny Stocks in India

Low Cost

Most traded penny stocks are for long-term or short-term trading at a lower price, which makes them accessible to investors with low capital.

Opportunity to Invest Early

Investing in high-growth penny stocks enables individuals to discover emerging businesses that may evolve into established players over time.

Potential for Multibagger Returns

Some small-cap penny stocks have the potential to become multibaggers, offering returns that are many times the initial investment if the underlying company performs exceptionally well.

Market Volatility Opportunities

The inherent volatility of the best but risky penny stocks for beginners can present opportunities for investors to profit from short-term price fluctuations through strategic trading.

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Risks of Investing in Penny Stocks

High Volatility

Penny stocks are prone to significant price swings, often driven by speculation. This can lead to substantial losses if prices drop suddenly.

Limited information

As penny stocks are often start-ups or in the early stages of growth, it is challenging to gather information about the company’s history and financial performance. Hence, the chances of investing in a company with fewer growth prospects are high in the top penny stocks in India.

Liquidity Risk

Even though they can offer high returns, penny stocks don’t always trade in large volumes. This can make it difficult to sell without affecting the price.

Factors to Consider Before Investing in Penny Stocks in India

Company Fundamentals

A company's financial health can be assessed by factors such as profitability, debt levels, and cash flow. Companies with low or no debt may have relatively stronger balance sheets.

Management Quality

The experience and track record of a company’s leadership can influence its ability to navigate challenges and sustain growth.

Liquidity

Low-priced stocks may have lower trading volumes, which can make it harder to buy or sell shares without affecting the price. This may present challenges when exiting a position.

Regulatory Compliance and Risks

Companies may be subject to SEBI and exchange regulations, and non-compliance could affect their operations and reliability, including dividend-paying penny stocks.

Volatility and Risk

Penny stocks, including mid-cap penny stocks, can be volatile, which may result in significant price fluctuations.

Information Availability

Undervalued penny stocks may have limited coverage, and financial reports and verified data sources may be important for analysis.

To Wrap It Up

Penny stocks in India are known for their high risk and potential for significant returns. These stocks often face challenges such as volatility, low liquidity, and market manipulation. Despite regulatory measures designed to safeguard investors, understanding the speculative nature of penny stocks is crucial. With thorough research, they may be considered as part of a diversified investment strategy. Investors often explore penny stock lists to identify potential opportunities within this segment.

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Frequently Asked Questions on Penny Stocks

  1. What are penny stocks?

    Penny stocks are shares of small companies that trade at low prices, usually below ₹50 in India. These stocks are known for their high volatility and potential for significant returns.

  2. What are 5 penny stocks?

    The following is the best penny stock list as per 1-year returns:
    1. Shukra Pharmaceuticals Ltd
    2. Sumeet Industries Ltd
    3. A B Infrabuild Ltd
    4. Grand Oak Canyons Distillery Ltd
    5. SBC Exports Ltd

    Disclaimer: This list of penny stocks is only for educational purposes, as the latest data is derived from Tickertape Stock Screener.

  3. Why are penny stocks considered risky?

    Penny stocks often have low liquidity, small shareholder bases, and wide bid-ask spreads. These factors make them speculative and risky investments.

  4. Can investing in penny stocks lead to high returns?

    Investing in penny stocks can lead to high returns due to their low prices. However, these stocks are also prone to significant losses, making them suitable only for investors with a high-risk appetite.
    Disclaimer: This is only for educational purposes, as the latest data is derived from Tickertape Stock Screener.

  5. How can I identify fundamentally strong penny stocks?

    Look for companies with strong financials, consistent earnings growth, manageable debt levels, and competent management teams. Using stock screeners with specific parameters can help in identifying such stocks.

  6. What are the risks associated with penny stocks?

    Penny stocks are often tied to smaller companies that may not follow the same strict reporting and disclosure requirements as larger companies. Some penny stocks may have erratic trading behaviour, complicating price discovery.

  7. Are there regulatory safeguards for penny stock investors in India?

    Although regulations exist, penny stocks with low volumes still carry higher risks due to limited scrutiny. It is advisable to work with reputable brokers and conduct thorough research before investing.

  8. Are ETFs a good investment for the long term?

    ETFs, including the best gold ETFs in India, are expected to benefit from investor shift to passive investing, SIP growth, and retirement planning. Sectoral, international, and thematic ETFs offer scalable, low-cost exposure for long-term wealth building.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  9. Is ETF better than mutual fund?

    ETFs and mutual funds serve different investment preferences. ETFs offer low costs, day-to-day trading flexibility, and tax efficiency. Mutual funds, on the other hand, may provide professional management and automatic dividend reinvestment, and are better suited for long-term, passive investors. The choice depends on individual goals and investment style.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.