Top 10 Penny Stocks Under Rs 100

The Indian stock market caters to all different types of economic backgrounds and financial goals. If you are beginning your journey of investing in the stock market with less capital, penny stocks can be an option to explore. Let’s understand what penny stocks are! 

Penny stocks are high-growth stocks of publicly listed small companies that are usually priced below ₹10. Since the fundamental data and analysis of these companies are either not available or not reliable, they are almost always considered to be high-risk shares. If you are looking for high-yielding short-term stocks, you can definitely opt for these penny stocks.

This blog lists the top 10 penny stocks available in India that are under ₹100.

Penny stocks, as the name suggests, are low-priced stocks issued by companies with low market capitalizations and are mostly traded at low volume. Similar to high-growth stocks, penny stocks are sought by investors looking for long-term appreciation and who are willing to take higher risks for potential higher returns. However, it must also be noted that penny stocks are mostly speculative in nature. Hence, thorough understanding and research about these stocks becomes imperative before investing.

This blog lists the top 10 penny stocks available in India that are under ₹100.

What are Penny Stocks

Penny Stocks are illiquid stocks that are usually priced very low. Some shares were priced less than a penny on the New York Stock Exchange, and hence, the term “penny stocks” was coined. 

These undervalued investments have primarily low market capitalization. These stocks are considered risky in nature due to their illiquid and inherent speculative nature. Moreover, there is also very little information available about these stocks for the public.

10 Penny Stocks Under ₹100

Source: NSE India

• Suzlon Energy Ltd

Suzlon Energy specializes in wind power generation and is a leading provider of renewable energy services.

• Bank Of Maharashtra

Bank of Maharashtra (BOM) is a public sector bank dedicated to the Indian state of Maharashtra. It offers a wide range of banking goods and services and financial instruments, like loans.

• GMR Airport Infrastructure Ltd.

GMR Airport Infrastructure Ltd. is a subsidiary of GEPL that develops, operates, and maintains airports. The company is well-positioned to capture the rapidly growing airport business in India. By implementing the innovative Aerotropolis concept in India, the company aims to develop distinctive airports in Goa, Hyderabad, and Delhi. It has also expanded its overseas footprints by acquiring airport development rights in Greece and Indonesia.

• Morepen Laboratories Ltd.

Morepen Laboratories Ltd. is a pharmaceutical company engaged in manufacturing, developing and marketing a range of branded and generic pharmaceuticals and health-based products .under its brand Dr. Morepen, which focuses on physical and emotional well-being. 

• MMTC Ltd.

Metals and Minerals Trading Corporation of India, commonly referred to as MMTC Ltd., is India’s leading international trading company. It has been in operation for around six decades. The company is involved in trading, exporting, and importing a variety of minerals, jewelry, gems and precious metals, coal, industrial raw materials, agricultural products, fertilizers, etc.

• Yes Bank

Yes Bank Ltd. is a leading private-sector bank that offers dynamic banking solutions.

• Vodafone Idea Ltd.

Vodafone Idea is a major telecom company in India that offers a variety of mobile services to people across the country. The merger was formed by a collaboration between Vodafone India and Idea Cellular. 

• Alok Industry

Alok Industry deals in the textile sector of India. They cater to different segments of textiles like technical, home textiles, apparel, etc.

• Dish TV India Ltd.

Dish TV is India’s leading and one of the most renowned television service providers. They offer television services and a wide range of channel varieties to their subscribers.

• UCO Bank

UCO Bank is a public sector bank that offers financial and banking services to the citizens of India. 

Benefits of Investing in Penny Stocks

• Penny stocks offer low-cost entry for new investors in the stock market.
• These stocks usually turn out to be high-growth stocks if chosen wisely.
• Penny stocks help you diversify your portfolio.
• Volatility can be seen as a disadvantage; however, it can present opportunities for short-term traders to earn high profits.

Disadvantages of Investing in Penny Stocks

1. They are highly volatile and low on liquidity
2. There may be a lack or limited information available about these stocks
3. They are highly susceptible to risks and may be speculative in nature

Bottom Line

Although penny stocks come with inherent risks of volatility and losses, they also offer some benefits, including high profits. Before investing in penny stocks, it is crucial to conduct thorough research not only about the stock but also about the industry and overall market.

You can always seek expert advice from SEBI-registered investment advisors to make a well-informed decision. Carefully assessing stocks and their journey is paramount.

Reference links:

Best Penny Stocks to Buy Now in India 2024 | Samco

Best Penny Stocks To Buy Now In India March 2024 – Forbes Advisor INDIA

10 Best Penny Stocks under Rs.100 in 2023 (binaryfinance.net)

Types of Stocks (investopedia.com)

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