Some people prefer quantity while others quality. Depending on what you are dealing with, one person might be both quantitative and qualitative in different situations. The Stock market also has traders who are quantity or quality based. The quality-based traders deal in the top stocks. On the other hand, quantity-based traders deal in stocks that are not well known. Such traders prefer penny stocks as they are cheap and can yield high returns. In this article, we will inform you about the best IT Penny Stocks India which includes penny stocks India below 1 rupee.
24 Best IT Penny Stocks in India to Watch out for
Penny Stocks are stocks of lesser known public companies that have a market capitalization of below 100 crores. These stocks are generally traded for 10 rupees or lower than that. As the Information Technology (IT) sector has blossomed in India, there are various IT companies that offer these penny stocks and some of the best ones are mentioned below.
Currently trading at 36.95 rupees this share belongs to a computer software company. The company comes under the BSE IT indices on the stock market. In the last 1 week, the company has given a positive return of 9.48%. The stock has an average PE and high P/B as of now. The stock saw a 2.10 rupees or 6.03% growth in its previous trading session. If you would have purchased these shares 3 years ago then you would have seen your invested sum grow by 2,299.35%.
Having climbed 0.50 rupees or 1.94% in the last trading session this stock is currently trading at 26.30 rupees. The TTM EPS of this stock is more than 250% up year on year basis, while also having an average P/B. In the past week, the share has given returns of 1.54%. If you purchased these shares 3 years ago then you would by now have more than tripled your investment in it. The stock belongs to a company of the same name that is into equipment making for telecommunication devices.
3. 3i Infotech
This computer software company is trading at 43.60 rupees after it gained 1.30 rupees or 3.07% in the last trading session. It is one of the top picks to feature on this IT penny stocks India list. In the past 1 month, the share has provided a return of 2.11% to the investors. While those that invested in this share three years ago have by now made 2080% profit from it. The net profit of the company has increased with an increase in its profit margin as well on a quarter-on-quarter basis. The share is still quite far from its 52-week high which might be an indication of things to come.
4. FCS Software
At 2.65 rupees per share, this is the least-priced share on this list. The share gained 0.05 rupees or 1.92% in its last trading session. The stock belongs to a company in the computer software industry. The P/B of the company is average and in the last 1 year, it has provided the investors with 65.63% profit. If you invested in this company 5 years ago then that number would go up to 2,550%. In the last two years, this company’s return on equity has been improving because they have been using investors’ money effectively and for this reason investing in this share might prove to be a good move in the future.
Trading at 30.60 rupees this stock didn’t see any movement in price in its last trading session. The stock belongs to a company in the software industry. The company has improved its net profit and profit margin on a quarter-on-quarter basis. While doing so the company also has given the investors a return of 1.16% in the past 1 year which pales away in front of the 488.46% return that it has given to the investors in the last 3 years. The stock has an average P/B and is still exactly halfway from its 52-week high.
Priced at 15.95 rupees per share, this stock belongs to a computer hardware company. The share of this company fell by 0.05 rupees or 0.31% in the last trading session. However, that’s nothing to worry about as this stock has a low PE and a strong annual EPS growth to blow away any worries of the investors. More than that the company has shown a tiny ray of hope by giving investors a tiny 0.31% positive return in the past week. Shareholders who have held the share for the past two years have seen their investment grow by 114.09% and know the power of this stock.
From the computer software sector, the IT penny stocks India list brings another good penny stock from the IT sector that is priced at 32.15 rupees per share. The share fell by 0.20 rupees or 0.62% in the last trading session but has still managed to give the investors a positive return of 14.21% in the past three months. If you invested in it 2 years ago then the figure would go up to 20.41%. The company has shown strong EPS annual growth and has low P/B and average PE which is a promising sign. Also, the share is closing in on its 52-week high which means more possible earnings are on the way.
Also Read: Top Multibagger Stocks in India
Priced at 21.65 rupees per share this stock of the computer software company is the last name on this list. Though the share saw a fall of 1.10 rupees or 4.84% in the last trading session, however, don’t rule it out just yet. The year-on-year EPS of the company is up by more than 6,500%. The share has given a return of 633.9% in the last year and 11,294.74 in the past 3 years. Currently, the share is quite far from its 52-week high and that means any positive movement towards that figure in the future might see the investors multiply their money handsomely.
Best Indian Penny Stocks with Good Fundamentals
Generally, there are few penny stocks that are both good for their low price and have future potential. In the list given below, we have compiled the best Indian penny stocks with good fundamentals meaning these stocks are not only cheap but also have a good reputation and a track record of giving decent returns. Let us begin.
First on this list is shares of PTL Enterprise priced at 31.10 rupees. The stock saw no movement in the last trading session. The company is an associate of Apollo Tyres Limited. They have a dividend yield of 6.43 and their net profit, as well as profit margin, have shown growth recently. In the past month, the investors have been rewarded with a 2.64% growth as opposed to investors who have held the share for more than 3 years and have seen returns of 71.07% in that period.
2. First Custodian Fund (India)
Priced at 52.20 rupees the share saw a fall of 2.70 rupees or 4.92% in the last trading session. In the past month, this share has given a return of 37.55%, a figure that goes up to 84.78% if we look at the returns given in the last 5 years. The TTM EPS of the company is up by 30.90% on a year-to-year growth basis. The stock belongs to a company that operates in the finance sector. The share has average PE and P/B which might be a sign of good things to come.
Another company from the financial sector makes this list courtesy of its good fundamentals. The stock is currently priced at 78.10 rupees and was down by 0.95 rupees or 1.20% in the last trading session. With a TTM EPS growth of more than 450% on a year year-on-year and a low PE, the stock is one to watch out for. The share has given a return of 4.2% in the past three months and 681% in the last three years. If this stock keeps up the good work then it might be a top pick for your portfolio.
Another company from the Finance sector, Nalin is our next pick on the list as it is a company that has seen growth in its net profit and profit margin recently. Its share is priced at 27.90 rupees which is 0.55 rupees or 1.93% less than its price a day ago. The company’s TTM EPS has increased and its PE and P/B are average. The share also has a decent amount of way to go before it touches its 52-week high which is what gives it the potential to be on this list.
From the Pharmaceuticals sector, we have this stock priced at 77.45 rupees. The last trading session saw this stock go up by 0.40 rupees or 0.52% as it moves away from its 52-week low and towards the high. The stock P/B is low as is its debt. In the last week, the company has given the investors a return of 1.04%. The investors who have held the share for 3 years have seen their capital grow by 39.3% which can also be you in the future, who might get to see a bigger sum if you choose to invest in this stock.
From the diamond and jewelry sector, we have this gem of stock on this list of Indian penny stocks with good fundamentals. Priced at 72.45 rupees the stock saw a fall of 1.30 rupees or 1.76% in its last trading session. However, a growth of more than 300% in TTM EPS on a year year-on-year with an average PE and P/B should be enough to burst away your worries. Apart from that, the stock’s RoCE has been improving for the past 2 years. If you invested in this stock 3 years ago your capital would have grown by 180.27% by now.
With a price of 44.85 rupees per share from the power generation and distribution sector, we have NHPC. In its last trading session, this share saw a rise in price by 1.30 rupees or 2.99%. The company’s TTM EPS has also grown based on its year-on-year records. You can check the company’s performance for the last week, month, three months, six months, a year, two years, three years, or five years and in all of that time the, company has given the investors a positive return which might be a reason enough to consider investing in this stock.
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For 28.5 rupees per share, you could invest in this stock that belongs to a company from the pharmaceutical sector. The last trading session saw this share go up by 0.05 rupees or 0.18%. The stock has an average PE and low P/B which might persuade investors. There has also been an increase in the company’s net profit and profit margin on a quarter-on-quarter. The share has given positive returns in the past week as well as the month which should be enough to bring some new investors on board.
Best Penny Stocks in India below 1 Rupee
After looking at some relatively pricey penny stocks above, it is time to focus on those that you can buy for less than 1 rupee. These are the ultimate penny stocks that carry with them the most risk and sometimes volatility as well. Before you think about investing in these, make sure you are fully aware of their business and other important details.
1. Alps Motor Fin
At 0.66 rupees per share, we have this stock of a company from the Finance sector which didn’t see any movement in its last trading session. The TTM EPS of this share is 0.01 which is more than 180% growth on year on year basis. The stock has an average P/B and the investors saw their investment in this stock go up by 4.76% in the past week. In the last three years, the stock has given a return of 214.29% which is a good thing. Also, the company has zero promoter pledges which is one of its strengths.
This stock priced at 0.63 rupees belongs to the computer software sector. The share remained unmoved in its last trading session. One of the most positive points about this share is that it could have made it to the IT penny stocks India list as well if not for its price of less than 1 rupee.
This is also a stock that has just touched its 52-week high and might look to go further up. The shares of this company have given positive returns to the investors in the past week, month, year, and even before that. You might want to have this stock on your watchlist at least. This stock is among the best penny stocks India below 1 rupee.
Priced at 0.45 rupees per share this stock didn’t see any movement in the last trading session. However, this share has also seen a new 52-week high recently, which is a positive sign. The stock has an average P/B and more importantly, the stock has provided positive returns to investors in the past week, month, year, and even before that. The stock belongs to a company in the Finance sector which makes it part of the sector most represented on this list after IT companies.
Priced at 0.15 rupees per share this might be the lowest-priced share in this article. The share saw no movement in price in its last trading session but that did not stop it from reaching its new 52-week high price. The stock belongs to the company from the IT sector. Also, this stock has a low P/B and thus something positive to look forward to. This stock might have a better future ahead and so keep it on your watch list and make sure to follow its moves.
5. G V Films
From the media and entertainment industry, the first stock comes in the form of G V Films whose stock is priced at 0.69 rupees. The price of this share fell by 0.01 rupees or 1.43% in the last trading session. On the contrary, the company behind the stock saw its net profit and profit margin increase. This is why it is on this list of penny stocks India below 1 rupee.
The share might not be doing well as of now but in the past 2 or 3 years this stock has given returns of more than 100% and with its 52-week-high prices being far away the chances are that there might be a big growth on the way. This is why investors should keep a close watch on this stock.
Priced at 0.46 rupees per share you have another stock from the computer software field that could have been on the IT penny stocks India list as well. The stock has given a year-to-date return of exactly 84% to investors. The share remained unmoved in its last trading session.
The company also saw its net profit increase along with an increase in its profit margin which is positive news for investors. People can and should have this list on their watch list as they might find this to be a good penny stock to invest in the future.
For 0.70 rupees per share, you can get this stock that belongs to the cutlery trading and marketing company JIK industries. The price of this stock remained unmoved in its last trading session however that is nothing to worry about for the investors as the company’s RoCE has been improving for the past 2 years. We had to mention this stock on this list of penny stocks India below 1 rupee.
In the last week itself, the investors got a 7.69% return on their investment. If you had invested in this stock 3 years ago then your investment would have more than doubled by now. For now, the company has no possible threats to it which might be a piece of good news for the investors thinking of investing in this company.
Also Read: Best EV Stocks in India to Buy
8. Kuber Udyog
From the Finance, sector comes the last stock on the list which is currently priced at 0.98 rupees. In its last trading session, the stock remained unaffected. The company has been using the capital well which has seen its RoCE improving in the past two years. In the past three months, the company has given returns of 15.29% and the figure was 36.11% for the past two years. The stock P/B is average and the price is close to 1 rupee which might see it close in on its all-time high which benefits the investors as well.
Through research and reference, we have compiled this list of the best IT Penny Stocks India which contained penny stocks India below 1 rupee. In these lists, you will generally find small and mid-cap companies. The list should be enough to help you with a few good stocks to add to your portfolio. However, do remember that penny stocks are illiquid and risky to invest in. Do your research properly before investing in them.