5 Best Penny Stocks in India to invest in 2023
If you are new in the Stock market, penny stocks may feel overwhelming. Any one can buy these stocks, which are usually under 50 Rs. But you might have a ton of questions, like Which are the best penny stocks in India? Before investing in these risky stocks, learning How to identify multibagger penny stocks is essential.
Meaning of Penny Stocks
Penny stocks are shares of companies that trade at a very low price. Such shares are generally priced below Rs. 10 in India. These low value stocks are of small companies which are traded publicly. As these shares are often traded on lower volumes, they tend to be less liquid. Thus, they can be more volatile and risky than other types of investments.
However, some investors are attracted penny stocks because they believe they can get in early on a company with the potential for growth, which could be a future multi bagger stock. In this post we will find best penny stocks in india available under 10 Rs to buy and hold.
Top Penny Stocks in India under Rs 10
- Century Extrusions Ltd – Founded in 1988 this company is a leading Aluminium Extrusion & Profile Manufacturer of India for last 19 years, manufactures over 3000 aluminium profiles. Its current marker price is ₹9.15
- Prakash Steelage Ltd – Manufactures Stainless steel welding pipes , tubes ,etc in multiple sizes. Its current market price is ₹ 4.56
- GVK Power & Infrastructure Ltd – GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences. Currently its trading at ₹2.78
- Bhandari Hosiery Exports Ltd – is a Textile company that manufactures and exports Men wear, kids wear, Tshirts. Its current price is ₹4.78
- Mishtann Foods Ltd – is an India agro product company. The Company is primarily engaged in the agricultural business i.e., manufacturing, processing and trading of rice, wheat and other food grains. As of now its trading at ₹7.49. Misthtann Foods share price target is expected to reach upto Rs 100 by 2030.
Conclusion
This brings us to the end of our list for Best penny stocks in India. It is important to note that as these penny stocks are very volatile, they can be risky. Before manking any investment decisions please consult your financial advisor.
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