A very high probability exists that a penny stock will go bankrupt. It is possible that the company will be forced to shut suddenly, or that the chances of it continuing in operation are very slim. Ideally, no more than 2 to 3 percent of a person’s total portfolio value should be devoted to ultra-penny and penny stocks. Let us see some of the Indian
penny stocks list for 2023. Undervaluation is defined as a business that is selling at a single-digit PE multiple while the market is trading at more than 20 times on a trailing basis. For example: when a stock is trading at a price lower than the intrinsic value of the stock. In reality, however, this is not always a compelling reason to invest in the stock of a specific business. A number of other criteria must be considered in order to determine whether or not it offers good value.
Contents
- 1 What are Penny Stocks?
- 2 List of Indian Penny Stocks with Strong Fundamentals in 2023
- 3 Why to Invest in Penny Stocks for Beginners?
- 4 Conclusion
What are Penny Stocks?Penny stocks means any shares that trade at a
low price shares under 20 Rupees in the stock market or exchanges. It is conceivable that the price of such penny stocks below 20 Rupees, which would attract investors’ attention, but the risk will also be considerable. Although this is the primary criteria to examine, as you can see from the definition, it does not
mean that it is the only one to evaluate. Investors should avoid investing in stocks if the company’s financial condition is in bad shape. These stocks are illiquid and not well-liked by institutional investors, who prefer to hold cash. As a result of the limited quantity of information accessible, doing research and analysis on these businesses may be very difficult. The potential for such businesses to become multibaggers, delivering huge returns for investors in a relatively short
period of time, is significant. if you are a beginner then you would also be interested in best mutual funds to invest for long term. Given the low volume of trading in these stocks, it is more probable that they will have a longer circuit in their transaction. When it comes to finding a business
with solid foundations and buying it at an extremely low price, however, one will not be let down by the experience. First and foremost, you must devote a significant amount of time to studying the PBV and PE, maybe as much as three years. This is due to the possibility that a year’s performance may be unintentionally stage-managed or stage-managed by others. Furthermore, the fact that the price-based criteria are low is not adequate in and of themselves. Improved building blocks,
which serve as the foundation for these ratios, are essential to their long-term viability. List of Indian Penny Stocks with Strong Fundamentals in 2023You should also consider
best stocks to buy for long term if you are interested. Consider the following list of Indian penny stocks with good fundamentals in 2023 that have generated profits in the past year, and who, based on their past performance, one might consider purchasing at a low price penny
stocks in India for 2023 in order to benefit from the current market conditions. To better understand penny stocks, let’s take a look at it.
| Sr. No.
| Name Of Company
(Click on Company’s Name for Analysis)
| Earning Per Share (EPS)
| Price to Earning (P/E)
| Intrinsic Value (IV) (Rs.)
| Book Value (BV) (Rs.)
| 1-Year Return (%)
| | 1
| Gvk Power & Infrastructure Ltd.
| 14.63
| 0.28
|
| -24.21
| 46.00
| | 2
| Diligent Media Corporation Ltd
| 5.29
| 0.88
|
| -47.15
| 120.00
| | 3
| Sadbhav Infrastructure Project Ltd
| -3.00
| 2.22
|
| 4.99
| -59.29
| | 4
| Prakash Steelage Ltd.
| 9.40
| 2.52
|
| -3.10
| 162.79
| | 5
| Bsel Infrastructure Realty Ltd.
| 1.47
| 2.64
| 23.06
| 45.29
| 137.20
| | 6
| Dish Tv India Ltd.
| -10.15
| 4.51
|
| 5.04
| -13.62
| | 7
| Ruchi Infrastructure Ltd.
| 1.90
| 4.86
| 10.68
| 7.51
| 33.09
| | 8
| Magnum Ventures Ltd.
| 13.41
| 5.06
|
| -1.75
| 75.46
| | 9
| Vishwaraj Sugar Industries Ltd
| 3.13
| 5.69
| 34.87
| 14.72
| -36.44
| | 10
| Digicontent Ltd
| 2.54
| 6.22
|
| 0.96
| 33.90
| | 11
| Peninsula Land Ltd.
| -3.08
| 7.46
|
| -3.77
| 37.16
| | 12
| Bank Of Maharashtra
| 2.07
| 9.17
| 18.60
| 20.89
| 1.08
| | 13
| Steel Exchange India Ltd.
| 1.32
| 10.00
| 10.42
| 4.95
| 81.26
| | 14
| Punjab & Sind Bank
| 2.09
| 10.26
| 18.61
| 20.67
| -6.40
| | 15
| Century Extrusions Ltd.
| 0.93
| 12.47
| 11.94
| 7.40
| 23.40
| | 16
| Sakuma Exports Ltd.
| 1.29
| 12.70
| 17.73
| 16.21
| 50.23
| | 17
| S.A.L.Steel Ltd.
| 0.92
| 12.93
| 12.07
| 4.45
| 12.44
| | 18
| Surana Telecom And Power Limited
| 0.92
| 12.96
| 7.99
| 8.66
| 76.12
| | 19
| Bhandari Hosiery Exports Ltd.
| 0.45
| 13.05
| 5.48
| 5.57
| 78.46
| | 20
| Tantia Constructions Ltd.
| 5.48
| 13.72
| 63.04
| 90.72
| 130.43
| | 21
| B.C. Power Controls Ltd
| 0.39
| 13.99
| 4.82
| 5.62
| 37.66
| | 22
| South Indian Bank Ltd.
| 0.72
| 14.67
| 13.33
| 27.97
| 3.98
| | 23
| Patel Integrated Logistics Ltd.
| 0.64
| 14.90
| 9.51
| 17.77
| 8.52
| | 24
| Zenith Steel Pipes & Industries Ltd
| 0.95
| 15.01
|
| -17.00
| 515.79
| | 25
| Genus Paper & Boards Ltd
| 1.07
| 15.37
|
| 18.72
| 67.20
| | 26
| Uco Bank
| 0.80
| 15.55
| 11.21
| 19.73
| -10.26
| | 27
| Jaiprakash Power Ventures Limited
| 0.50
| 16.15
| 6.22
| 9.61
| 90.59
| | 28
| Manaksia Coated Metals & Industries Ltd
| 1.17
| 16.69
| 13.47
| 16.59
| 32.28
| | 29
| Zee Media Corporation Limited
| -1.61
| 17.08
|
| 7.30
| 46.61
| | 30
| Sundaram Multi Pap Ltd.
| 0.17
| 17.55
| 1.66
| 2.00
| 51.22
| | 31
| Ptc India Financial Services Ltd.
| 0.80
| 19.27
| 15.44
| 34.71
| -14.41
| | 32
| Indian Overseas Bank
| 0.94
| 19.82
| 9.56
| 12.17
| -11.30
| | 33
| Paramount Communications Ltd.
| 0.84
| 21.90
| 12.61
| 10.39
| 42.06
| | 34
| Inventure Growth & Securities Ltd.
| 0.14
| 22.99
| 2.64
| 2.37
| 1.67
| | 35
| Hathway Cable & Datacom Ltd
| 0.58
| 24.61
| 10.37
| 23.30
| -27.14
| | 36
| 3P Land Holdings Ltd
| 0.72
| 24.92
| 14.64
| 37.08
| 29.50
| | 37
| Il&Fs Investment Managers Ltd.
| 0.28
| 29.96
| 3.88
| 6.71
| 38.33
| | 38
| Country Condo’s Ltd.
| 0.12
| 33.24
| 1.67
| 2.85
| 43.86
| | 39
| Kanani Industries Ltd.
| 0.27
| 33.61
| 3.59
| 5.94
| 3.43
| | 40
| Yes Bank Ltd.
| 0.47
| 35.75
| 7.09
| 13.47
| 27.73
| | 41
| Sri Havisha Hospitality And Infrastructure Ltd
| 0.06
| 39.37
| 0.74
| 1.07
| 112.00
| | 42
| Infibeam Avenues Ltd
| 0.36
| 45.36
| 15.18
| 11.20
| -26.82
| | 43
| Vikas Ecotech Ltd
| 0.07
| 47.97
| 1.27
| 2.44
| 92.09
| | 44
| Hindustan Motors Ltd.
| 0.94
| 51.07
|
| -0.44
| 116.00
| | 45
| Alankit Ltd
| 0.24
| 55.16
| 13.56
| 9.32
| -15.16
| | 46
| Ducon Infratechnologies Ltd
| 0.27
| 62.55
|
| 5.96
| 60.28
| | 47
| Orient Green Power Company Ltd.
| 0.57
| 65.34
| 5.46
| 6.52
| 198.33
| | 48
| Lloyds Steels Industries Ltd
| 0.18
| 69.65
| 1.38
| 1.33
| 348.33
| | 49
| Mirc Electronics Ltd.
| -0.56
| 96.36
|
| 8.80
| 0.84
| | 50
| Aksh Optifibre Ltd.
| 0.11
| 111.55
| 2.37
| 6.37
| 44.71
| | 51
| Dhanlaxmi Bank Limited
| 0.11
| 118.94
| 5.38
| 34.15
| -25.30
| | 52
| Pil Italica Lifestyle Ltd
| 0.07
| 123.14
| 2.04
| 2.83
| 19.18
| | 53
| Msp Steel & Power Ltd.
| 0.07
| 147.75
| 7.50
| 16.04
| -1.55
| | 54
| Indowind Energy Ltd.
| 0.10
| 153.69
| 4.46
| 25.67
| 130.40
| | 55
| Lgb Forge Ltd.
| 0.09
| 154.88
| 2.36
| 1.65
| 97.04
| | 56
| Urja Global Ltd.
| 0.02
| 655.44
| 0.69
| 3.29
| 93.60
| | 57
| Fcs Software Solutions Ltd.
| –
| 1,196.68
|
| 2.03
| 134.62
| | 58
| Vodafone Idea Ltd
| -9.31
|
|
| -19.29
| -15.35
| | 59
| Alok Industries Ltd.
| -0.51
|
|
| -36.07
| -16.30
| | 60
| Suzlon Energy Ltd.
| 2.29
|
|
| -4.09
| 36.15
| | 61
| Reliance Power Ltd.
| -2.03
|
|
| 36.12
| 31.72
| | 62
| Rattanindia Power Limited
| -2.88
|
|
| -4.96
| 2.15
| | 63
| Ifci Ltd.
| -6.96
|
|
| 13.40
| -13.11
| | 64
| Jaiprakash Associates Ltd.
| -6.37
|
|
| 0.34
| -4.23
| | 65
| Hindustan Construction Co.Ltd.
| -0.26
|
|
| -5.19
| 28.93
| | 66
| Gtl Infrastructure Ltd.
| -1.22
|
|
| -2.41
| -16.67
| | 67
| Bajaj Hindusthan Sugar Limited
| -2.06
|
|
| 17.03
| -27.33
| | 68
| Jyoti Structures Ltd.
| -34.29
|
|
| 2.85
| 6.58
| | 69
| Reliance Communications Ltd.
| -24.51
|
|
| -219.03
| -19.05
| | 70
| Hlv Ltd
| -0.49
|
|
| 6.25
| 4.81
| | 71
| Unitech Ltd.
| -3.99
|
|
| 11.60
| 16.67
| | 72
| Hcl Infosystems Ltd.
| -0.79
|
|
| -6.53
| 22.79
| | 73
| Nagarjuna Fertilizers And Chemicals Ltd
| -10.03
|
|
| -19.60
| -20.27
| | 74
| Arshiya Limited
| 20.03
|
| 43.67
| 11.90
| -35.52
| | 75
| Future Consumer Ltd
| -2.57
|
|
| 0.75
| -72.30
| | 76
| Reliance Capital Ltd.
| -300.55
|
|
| -784.36
| -26.21
| | 77
| Parsvnath Developers Ltd.
| -12.05
|
|
| -6.96
| -50.00
| | 78
| Jaypee Infratech Ltd
| -17.00
|
|
| -40.04
| 20.51
| | 79
| Nila Infrastructures Ltd.
| -0.05
|
|
| 3.38
| 37.38
| | 80
| Housing Development & Infrastructure Ltd.
| -0.28
|
|
| -47.61
| 34.38
| | 81
| Ashima Ltd.
| 1.49
|
| 22.53
| 11.86
| -10.36
| | 82
| Reliance Naval And Engineering Ltd
| -26.23
|
|
| -221.69
| 18.03
| | 83
| Zee Learn Ltd.
| -0.12
|
|
| 14.18
| -46.08
| | 84
| Sadbhav Engineering Ltd.
| -45.89
|
|
| 46.72
| -70.31
| | 85
| Mep Infrastructure Developers Ltd
| -15.78
|
|
| -6.22
| -31.72
| | 86
| Srei Infrastructure Finance Ltd.
| -50.59
|
|
| -117.30
| -44.57
| | 87
| Shree Rama Newsprint Ltd.
| -3.93
|
|
| 17.53
| -9.26
| | 88
| Sintex Plastics Technology Ltd
| -6.49
|
|
| 0.83
| -12.20
| | 89
| Andhra Cements Ltd.
| -8.08
|
|
| -31.60
| -63.16
| | 90
| Il&Fs Engineering And Construction Company Ltd.
| -29.11
|
|
| -227.44
| 290.80
| | 91
| Future Retail Ltd
| -81.98
|
|
| -20.61
| -91.30
| | 92
| Gayatri Projects Ltd.
| -73.35
|
|
| -0.26
| -77.74
| | 93
| A2Z Infra Engineering Limited
| -10.13
|
|
| 8.77
| 167.05
| | 94
| Future Lifestyle Fashions Ltd
| -115.81
|
|
| -93.23
| -81.12
| | 95
| Essar Shipping Ltd.
| 10.50
|
|
| -237.41
| -6.57
| | 96
| Reliance Home Finance Ltd
| -109.10
|
|
| -113.23
| -12.77
| | 97
| Ballarpur Industries Ltd.
| -9.95
|
|
| 0.51
| –
| | 98
| Setco Automotive Ltd.
| -16.67
|
|
| -17.97
| -39.47
| | 99
| Noida Toll Bridge Company Ltd.
| -2.08
|
|
| 14.57
| 56.64
| | 100
| Visa Steel Ltd.
| -6.95
|
|
| -210.14
| 36.10
|
Why to Invest in Penny Stocks for Beginners?Because the general investing public is disinterested in Indian penny stocks and wants to exit the market as soon as they produce a fair return, penny stocks trade at such low prices. There has been a lot of evidence that they are in breach of the exchange regulations and lacking in openness. There is no movement in ultra-penny stocks
until there is some sort of news or a turnaround event taking place. The speculation results in an increase in trading volumes, which in turn drives prices to soar to unprecedented heights. The majority of them, nevertheless, end out to be incorrect or really fundamentally stronger than the most of them. Price decreases as a result of any negative news that comes out. ConclusionIn this topic we have seen Indian penny stocks list for 2023.
Investors which has a majority interest in the business, have continued to hold on to their shares because of the dividends they get. The consequence is that buying the shares from list of penny stocks in India for 2023 is not necessarily synonymous with value investment. Aspects of it include having the capacity to
choose a stock that has the potential to increase in value over time.
Which penny stock will grow in 2023?
MinRex Resources, Global Lithium Resources, Anson Resources, and Ragusa Minerals could be four of the best ASX lithium penny stocks to watch in 2023.
Which penny stocks can become multibagger in 2023?
4 Multibagger Penny Stocks to Watch Out for in 2023. #1 Shree Digvijay Cement. First on our list is Shree Digvijay Cement. ... . #2 Singer India. Second on our list is Singer India. ... . #3 Ador Fontech. Next on our list is Ador Fontech. ... . #4 NBCC India. Fourth on our list is NBCC India. ... . 2) How to find multibagger penny stocks?. Which penny stock is best for future in India?
Best Penny Stocks To Buy Now In India. Best Penny Stocks To Buy Right Now In India.. Suzlon Energy Ltd.. South Indian Bank.. Impex Ferro Tech Ltd.. Visa Steel Ltd.. Vodafone Idea Ltd.. Frequently Asked Question (FAQs). Which penny stock will boom in 2022?
Multibagger Penny Stocks of 2022
S&T Corporation Ltd. Gallops Enterprises Ltd. Hemang Resources Ltd. Sadhna Broadcast Ltd.
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