Categories: Share Market

Best penny stocks to buy, Best penny stocks to buy in india 2022 2023

Best penny stocks

High Returns Penny Stocks to Buy now in India

Best penny stocks to buy, Penny stocks are stocks that trade at very low prices, have low market capitalization, and are mostly illiquid. These stocks (penny stocks) are lesser-known to the larger investing public as investors remain away from them because the information regarding their fundamentals and businesses is either not reliable or not available. However, they are also known for multi-bagger returns within certain trading sessions.

As penny stocks are mostly in liquid meaning traded in very less quantity, sometimes only a few orders can lead to hitting the circuit limit on the exchange. These stocks mostly give higher returns when hitting circuits for a number of days. Though this period of hitting circuit is not accompanied with trading volumes, either there is some story moving around that stock or it might be a result of manipulation by some stock operators who artificially inflate the price and volumes to bring in innocent retail investors and then later offloading their own holdings when participation increases. Now that we have understood what are penny stocks lets see why are penny stocks called “Penny” Stocks

1. Vodafone Idea Ltd.

IDEA

Company Name:- Vodafone Idea Ltd.

Industry:- Communication Services (Telecom Services)

Company Profile:- Vodafone Idea Ltd, formerly Idea Cellular Limited, is a telecom service provider.

Stock NSE Symbol:- IDEA

Stock Price (20/10/2021):-Rs 10.60

2. Dish TV India Ltd

DISHTV

Company Name:- Dish TV India Ltd.

Industry:- Communication Services (Cable & D2H)

Company Profile:-Dish TV India Limited is engaged in the business of direct to home and teleport services. The Company offers instruments such as set top boxes, dish antenna and low noise boxes. The Company also offers a range of high definition (HD) channels.

Stock NSE Symbol:- DISHTV

Stock Price (20/10/2021):- Rs 18.15

3. Yes Bank Ltd

YESBANK

Company Name:- Yes Bank Ltd.

Industry:- Financials (Private Banks)

Company Profile:- YES BANK Limited is a private sector bank engaged in providing banking services including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, and wealth management.

Stock NSE Symbol:- YESBANK

Stock Price (20/10/2021):- Rs 13.50

4.Alok Industries Ltd

ALOKINDS

Company Name:- Alok Industries Ltd

Industry:- Consumer Discretionary (Textiles)

Company Profile:-Alok Industries Ltd is an integrated textile company. The Company provides comprises five divisions: cotton yarn, apparel fabric, home textiles, garments and polyester yarn.

Stock NSE Symbol:- ALOKINDS

Stock Price (20/10/2021):- Rs 23.05

5. Ujjivan Small Finance Bank Ltd

UJJIVANSFB

Company Name:- Ujjivan Small Finance Bank Ltd

Industry:- Financials (Private Banks)

Company Profile:- Ujjivan Small Finance Bank is a commercial bank specializing in catering to unserved and underserved segments.

Stock NSE Symbol:- UJJIVANSFB

Stock Price (20/10/2021):- Rs 22.25

6. Zee Learn Ltd

ZEELEARN

Company Name:- Zee Learn Ltd

Industry:- Consumer Discretionary (Education Services)

Company Profile:- Zee Learn Limited is an education company engaged in the operation of a chain of K-12 schools and pre-schools.

Stock NSE Symbol:- ZEELEARN

Stock Price (20/10/2021):- Rs 14.10

7. Indian Overseas Bank

IOB

Company Name:- Indian Overseas Bank

Industry:- Financials (Public Banks)

Company Profile:- Indian Overseas Bank (the Bank) is engaged in the business of banking. The Bank’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

Stock NSE Symbol:- IOB

Stock Price (20/10/2021):- Rs 21.30

8. Bank of Maharashtra Ltd

MAHABANK

Company Name:- Bank of Maharashtra Ltd.

Industry:- Financials (Public Banks)

Company Profile:-

Stock NSE Symbol:- Bank of Maharashtra is engaged in providing banking services. The Bank’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other banking operations.

Stock Price (20/10/2021):- 20.95

9. Suzlon Energy Ltd

SUZLON

Company Name:- Suzlon Energy Ltd.

Industry:- Industrials (Renewable Energy Equipment & Services)

Company Profile:- Suzlon Energy Limited is a provider of renewable energy solutions such as solar irradiance assessment, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission etc. It also produces wind turbines. Read less.

Stock NSE Symbol:- SUZLON

Stock Price (20/10/2021):- Rs 7.00

10. UCO Bank

UCOBANK

Company Name:- UCO Bank.

Industry:- Financials (Public Banks)

Company Profile:- UCO Bank is a commercial bank whose segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

Stock NSE Symbol:- UCOBANK

Stock Price (20/10/2021):- Rs 14.10

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