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Top 100 Penny Stocks in India

Penny stocks offer the potential of providing huge returns in a short time. This is the reason for their popularity.

But they are also very volatile in nature. They could either lift up your portfolio or create an irreparable dent in it. In fact, most penny stocks end up as wealth destroyers rather than wealth creators.

Despite their poor reputation, there are select few penny stocks that are diamonds in the rough.

They can become future multibaggers. These are the fundamentally strong penny stocks and they have a decent track record. By that we mean they have good profit and revenue growth and have a strong credit profile.

You need to buy such stocks when they are undervalued. If you do so, you will end up with a portfolio of the best penny stocks in India.

Finally, never ignore the risks of investing in penny stocks.

Check out Equitymaster's Ultimate Guide on Penny Stock Investing.

You can also checkout our playlist on Penny Stocks on Equitymaster's YouTube channel.

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6 Penny Stocks that Rallied 2,500%+ in One Year

Mar 30, 2024

How did penny stocks fare in FY24? And what's the outlook for investing in penny stocks in FY25? Continue reading to find out...

5 Best Infrastructure Penny Stocks in India

Feb 5, 2024

While most investors are looking at L&T, and other established names, the bigger opportunity could possibly come from penny stocks within this sector.

Why IFCI Share Price is Rising

Jan 25, 2024

This company implements the PLI schemes of the Indian government. Is there a big-bang PLI announcement on the cards this union budget?

Top 5 Fastest Growing Penny Stocks on the Brink of Explosive Growth

Dec 19, 2023

These penny stocks could keep charging ahead. Here's why.

2023's Best Performing Penny Stocks that Rallied upto 1,400%

Nov 29, 2023

Some penny stocks have a better growth opportunities than large companies.

Top 5 Penny Stocks FIIs are Buying

Oct 19, 2023

These days, there are a lot of announcements and hype around stocks bought and sold by FIIs.

How to Find the Best Penny Stocks to Buy Today

Sep 26, 2023

A checklist to narrow down the best penny stocks to buy in the stock market.

Top 5 Penny Stocks with Rising Promoter Holding. Here's a Watchlist...

Jul 21, 2023

Keeping track of the rising promoter holding could be a starting point to discover some gems among penny stocks.

Top 5 High Quality Penny Stocks to Add to Your Watchlist

Mar 21, 2023

With so many options out there, it can be challenging to find high-quality penny stocks that are worth adding to your portfolio.

5 Penny Stocks That Could Announce Big Dividends This Year

Mar 2, 2023

These penny stocks have a history of making regular payouts and they also have decent financials.

5 Best Pharma Penny Stocks in India

Mar 3, 2024

India's ability to manufacture high quality and low-priced medicines presents a huge business opportunity for these pharma sector penny stocks.

Top Performing Penny Stocks of 2024

Feb 2, 2024

We're only a month into 2024 and few of these modestly priced stocks have quietly outperformed their flashier counterparts.

5 Penny Stocks that Started 2024 with a Bang with Gains up to 80%

Jan 9, 2024

Only a week into the new year 2024, and we've seen many penny stocks shoot up to 80%!

Top Performing Penny Stocks of November 2023

Dec 2, 2023

Looking for multibagger penny stocks? Here are the top five that dominated the market in November 2023.

Diwali to Diwali: Best Performing Penny Stocks of 2023

Nov 11, 2023

If you're able to do adequate research and also have the stomach to experience some extreme swings, penny stocks could be the perfect investments for you.

Top 5 Multibagger Penny Stocks to Watch Out for in 2024

Oct 3, 2023

A look at the top performing penny stocks of 2023 and how they are stacked for 2024.

5 Penny Stocks with High Dividend Yields up to 17%. Are They Worth It?

Jul 24, 2023

These five penny stocks gave up to 17% yields in FY23. Take a look...

Undervalued Gems: 3 Penny Stocks Hitting 52-Week Lows. Time to Take a Look?

May 18, 2023

Investors must keep a watchful eye on stocks trading at their 52-week lows. If chosen carefully, they could potentially generate faster returns.

6 Penny Stocks with Solid Growth and Zero Debt

Mar 10, 2023

Penny stocks which have a decent balance sheet, low or zero debt and a track record for paying consistent dividend fare much better against their peers.

5 Penny Stocks Set to Grow Dramatically in 2023. Add them to Your Watchlist

Feb 21, 2023

These five penny stocks are enjoying multiple tailwinds and are set to grow exponentially in 2023.




FAQs

Which are high quality penny stocks in India right now?

As per Equitymaster's Stock Screener, here is a list of high quality penny stocks in India right now...

How should you go about investing in penny stocks?

Penny stocks are usually issued by new or very small companies. These companies often don't have a proven track record, which is why their shares are sold for so little.

Larger, more established companies may also have stocks trading under Rs 100 when they are facing financial trouble or approaching bankruptcy.

Since they carry a high amount of risk, one must have a proper strategy in place.

Check out our framework for investing in penny stocks. This strategy is the easiest one to make money from penny stocks.

How much should you invest in penny stocks?

Penny stocks are not suitable for investors who have a low-risk appetite.

However, even if you have a high-risk appetite, we believe one should not invest more than 2-3% of one's stock portfolio in penny stocks.