Penny stocks are the stocks that are traded at a low price, usually under Rupees 50. These stocks have low market capitalization and are usually illiquid. These are the lesser-known stocks to the larger public out there. Usually, these are less preferred by investors due to the limited information about the fundamentals, and businesses are unreliable or unavailable. But the best penny stocks in India are popularly known for generating multi-bagger stock, i.e. returns within a few trade sessions.

1. Top 10 Best Penny
Stocks in India
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p 10 Best Penny
Stocks in India

2. Top 10 Best Pen
What are the best penny stocks in India?
Penny stocks are the stocks that are traded at a low price,
usually under Rupees 50. These stocks have low market
capitalization and are usually illiquid. These are the lesser-
known stocks to the larger public out there. Usually, these
are less preferred by investors due to the limited
information about the fundamentals, and businesses are
unreliable or unavailable. But the best penny stocks in
India are popularly known for generating multi-bagger
stock, i.e. returns within a few trade sessions.
Since the stocks are illiquid, some of the few orders can
hit the circuit limit on the exchange. These stocks hold the
chances of giving higher returns when they are hitting the
upper circuits for several days. Generally, these circuit
periods of hitting circuits are not accompanied by trading
volumes. This can happen due to some strong
fundamental move. On other days, the reason can be
manipulating the stock by stock operators.
There is also artificial inflation reflection on the share price
to attract retail investors. Once traders are participating in
the stocks, they would offload their holdings.

3. Sto
Penny Stocks are Called Penny Stocks for
a Reason!
Penny stocks trade at a low rate because usually, the
traders buying penny stocks don’t even care about them
and look to exit sooner or later. The reason behind this is
the decent return a penny stock gives. Usually, these
stocks don’t comply with the exchange regulations and
aren’t transparent in reporting.
Some or other news plays a turnaround for these stocks;
on the other side, some companies have strong
fundamentals. Moreover, any negative news can shoot
down the price.
Things to keep in mind while buying the
best penny stocks in India –
The risk involved in the penny stocks is that it holds
chances of going bust, and the companies can shut down,
and there is a little probability of giving out the multi-
bagger returns. The total investment in penny stock
shouldn’t be more than 2 to 3 percent of an individual’s
portfolio value.

4. cks in Ind
Investing in penny stocks should be treated as buying a
lottery as it is a very speculative investment. Never get
emotionally attached to these stocks as the returns are not
defined.
Never follow the buy or hold approach if you already have
good stock returns. These stocks won’t generate value or
have transparent reporting for the shareholders as in the
future. Before investing in any stocks, do extensive
research about the stock and the news going on in the
public domain.
This will save you from becoming victims of operators’
conspiracy, who later offload their holdings after
manipulating the price.
Moreover, the transaction cost for some of the penny
stocks is higher, and in the other shares, the brokerage is
charged on a per-share basis. Also, when traded at a low
price, the spread between the bid and ask price also turns
out to be significant in terms of percentage.
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5. List of Top 10 Best Penny Stocks in
India
Insight of the companies mentioned
Here is everything you need to know about the companies mentioned in the list.

6. 1. Alok Industries Ltd – Top Penny Stocks
in India
The first company on the list of Best Penny Stocks in India
is Alok Industries Ltd., a textile manufacturing company
based in Mumbai, India. The main business involves
weaving, knitting, and processing home textiles, ready-
made garments, and polyester yarns. Moreover, they
export 26% of their products to over 90 countries like the
US, Europe, South America, Asia, and Africa.
2. DISH TV INDIA LTD
Dish TV is an Indian direct broadcast satellite service
provider. The biggest stake owner of the company is YES
bank, and the Zee group launched the service on October
2, 2003. Moreover, the company ranked #437 and #5 on
the list of media companies in the Fortune India 500 roster
of India’s largest corporations in 2011.
Also, they have been voted as the most trusted brand by
Brand Trust Report 2014. A merger with Videocon d2h
took place in March 2018.

7. 3. MOREPEN LABORATORIES LTD
Another company on the Best Penny Stocks in India 2022 is
Morepen Laboratories Limited. This is an India-based
pharmaceutical company, and they have products like Loratadine
Montelukast Sodium Atorvastatin Calcium and Sultamicillin. The
formulation products of the company are in various therapeutic
categories such as antibiotics, gastrointestinal respiratory
analgesic anti-allergic, and neuropsychiatry. These are with the
brands like Saltum Saltumax Cefpopen Cefpen-S Dom-DT Acifix
Rabipen- DSR and Montelast. It was established in 1984 and has
filed 14 patents including 6 international PCT applications.
4. GMR INFRASTRUCTURE LTD
GMR Group is a well-known Indian multinational conglomerate. It
is located in New Delhi and was founded in 1978 by Mr Grandhi
Mallikarjuna Rao. It comprises various companies such as GMR
Infrastructure, GMR Energy, GMR Airports, GMR Enterprises, etc.
Moreover, they have several infrastructure projects in India. Also,
they have an active presence in various countries, including
Nepal, Indonesia, Singapore, the Philippines, and Greece.
They are the leading owners, developers, operators, and
managers of airports, major energy utilities, highways, and urban
infrastructure facilities.

8. 5. HFCL (Himachal Futuristic Communications
Limited)
HFCL (also Himachal Futuristic Communications Limited) is a
leading Indian telecom company started in 1987. They operate in
various segments like It manufacturing, Research &
Development, and turnkey solutions. It is another company listed
in the Best Penny Stocks in India 2022.
The company serves various industries like telecommunications,
security, and railways, textiles, Cable fibre.
6. VODAFONE IDEA LTD
Vi or Vodafone Idea Limited is another leading company, and a
suggestion on the top 10 penny stocks list in India. It is an Indian
telecom operator located in Mumbai and Gandhinagar, and they
are a pan-India integrated GSM operator who is offering 2G, 3G,
4G, 4G+, VoLTE, and VoWiFi services.
According to the data till October 31, 2021, Vi has a subscriber
base of 269.03 million. This makes it the third-largest mobile
telecommunications network in India and the 10th largest mobile
telecommunications network globally. On August 31, 2018,
Vodafone and Idea cellular merged and formed Vodafone Idea
Limited.

9. 7. JAMMU & KASHMIR BANK LTD
Jammu and Kashmir bank is one of the oldest private banks in
India. It has its headquarters in Srinagar, J&K, with its Zonal
Offices in J&K, Delhi, Mumbai, and Ladakh. The bank is under the
ownership of the Ministry of Finance, the Government of Jammu,
and Kashmir.
It started on October 1, 1938, by then ruler of the princely state of
J&K Maharaja Hari Singh. The initial paid-up capital of the bank
was around ₹ 5.00 Lakh. The total business turnover till 2021
March is TRs.1750 billion.
8. BANK OF MAHARASHTRA LTD
Bank of Maharashtra is one of the nationalist banks which is
under the ownership of the Ministry of Finance, Government of
India. Currently, the bank has 15 million customers across the
country with 2001 branches as of Dec 2021.
This bank has the largest network of branches compared to any
other nationalized bank in the state of Maharashtra. According to
the stats, the bank’s total business crossed around ₹ 2,66,000
lakh crore as of December 31, 2020. It was founded by V.G.Kale
and D. K. Sathe in Pune, India, and got registered on September
16, 1935, with an authorized capital of US$1 million.

10. 9. INDIAN OVERSEAS BANK
Indian Overseas Bank (IOB) is another leading example of India’s top 10
penny stocks, and it is one of the major Indian nationalized banks. The
bank is under the Ministry of Finance, Government of India, based in
Tamilnadu, India. Currently, they have around 3,400 domestic branches,
about 6 foreign branches, and a representative office.
The bank was founded in February 1937 by M. Ct. M. Chidambaram
Chettyar. The bank’s objective was to specialize in foreign exchange
business and overseas banking. One of the 14 major banks that India’s
government has taken over.
10. MMTC LTD
The last one on the list of the top penny stocks in India is MMTC Ltd.
India’s Metals and Minerals Trading Corporation is the two highest earners
of the foreign exchange for India and India’s largest public-sector trading
body. They are the leading exporters and importers of primary products
such as coal, iron ore, agro and industrial products. Also, they are
exporters and importers of important commodities such as ferrous and
nonferrous metals for industry and agricultural fertilizers.
The trade activities cover the Third Country Trade, Joint Ventures and Link
Deals, and all modern forms of international trading. Apart from this, they
have a vast global trade network in Asia, Europe, Africa, Oceania, and
America. This also includes the wholly-owned international subsidiary in
Singapore,
Conclusion – Best Penny Stocks in India
In conclusion, this article covers the 10 best penny stocks in India. Penny
stocks are like a lucky draw ticket, and the share prices are so sceptical
they can shoot up and down according to any positive or negative news.

11. Read more about any information to visit www.kundkundtc.com