If you are looking for the best penny stocks in India, you have reached the right place. This article will cover the top 100 penny stocks NSE has been growing over time. Penny stocks are stocks with a high possibility to grow in the future; the price of these stocks is slight compared to the other stocks.
Pro tip:- In penny stocks, never check for the cost; check for the volume you can buy; this volume will make you wealthy.
How we curated the list & its Authenticity
After examining the information on various sites like 5paisa, Moneycontrol, Groww & Screener, we have compiled this list. It is an updated list with data as of 4th October 2022. Here we list the top 50 penny stocks based on the stock’s growth in the last quarter.
Ranking List
You can view the top 50 Penny Stocks listed by company’s growth in the last quarter here.
Let’s explore more about the top 7 penny stocks from the list with high chances of growth shortly. So without wasting any time now, we should start with our first company, which is :
Yes Bank
- Share price – 15.8 Rs.
- Arlet capital- 39,586 Cr.
- Volume- 15,047,914
Yes Bank was established by Rana Kapoor and Ashok Kapoor in 2004. It offers a spectrum of differentiated outcomes for corporate and retail clients through retail banking and asset management services. Yes Bank is an Indian bank headquartered in Mumbai, its share price is 15.8 Rs, and this stock price did not change a little in recent times, but as their client tail is growing, we can see this stock ruling the market in the upcoming time.
Nila Infra
- Share price – 6.4 Rs.
- Arlet capital- 37,054 Cr.
- Volume-105,529
With the ideology to change the infrastructure by adopting innovative technologies, benchmark quality, robust engineering and uncompromising business ethics, Nila Infrastructures Limited has taken over many big names from their business in terms of using different innovative techniques in the field of infrastructure. It is the main reason why this company has grown constantly over time.
IOB
- Share price – 17.15 Rs.
- Arlet capital- 32,417Cr.
- Volume-12,29,582
Indian Overseas Bank (IOB) began on 10th February 1937; The main objective of setting up this is to do foreign exchange business in banking to take this across the world. The share price of IOB will not justify its worth; I would suggest you invest in IOB, as it is not in the limelight like another private or government bank.
Vodafone Idea
- Share price – 8.5 Rs.
- Arlet capital-27,301 Cr.
- Volume- 16,001,995
Vi or Vodafone Idea Limited is an Indian telecom operator based in Mumbai and Gandhinagar. They offer services for 2G, 3G, 4G, 4G+, VoLTE, and VoWiFi. Vi is the third-largest mobile telecommunications network in the nation; The 11th-largest mobile telecommunications network worldwide. Both Vodafone India and Idea merged on 31st August 2018.
Central Bank
- Share price – 19.35 Rs.
- Arlet capital-16,797 Cr.
- Volume- 2,001,931
The Central Bank of India (CBI) is a central public sector undertaking. The bank comes under the Ministry of Finance, Government of India. Their main branch is in Mumbai. The CBI is also an underdog in the share market, its share price is 19.35 Rs, and this stock price did not change a little in recent times, but as their client tail is growing, we can see this stock ruling the market in the upcoming time.
UCO Bank
- Share price – 11.65 Rs.
- Arlet capital-13,232 Cr.
- Volume- 2,065,087
UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a central public sector undertaking; under the ownership of the Ministry of Finance, Government of India. During FY 2020–21, their business was around ₹ 3.24 lakh crore.UCO bank was ranked 80 on the Fortune India 500 list.
Bank of Mah
- Share price – 17.95 Rs.
- Arlet capital- 12,552 Cr.
- Volume- 6,385,483
Bank of Maharashtra is a central public sector undertaking; under the ownership of the Ministry of Finance, Government of India. Bank of Maharashtra has 29 million customers in the country with 2022 branches as of Mar 2022. They had the most number of units of any nationalised bank in Maharashtra.
FAQ’s
Top 5 penny stocks to buy in India?
- Vodafone Idea.
- Yes bank
- Alok Industries.
- Human Resources.
- Indian Overseas Bank.
Which penny stocks are fundamentally strong?
Vodaphone Idea is a fundamentally strong penny stock that you can reliably invest in.
Which penny stock has the highest return?
Sword-Edge Comm. has given its investors a return of 833.33% on its stocks.
