5 Best Penny Stocks To Buy Now

As a beginner in stocks market , you may be overwhelmed by all the choices. If you are looking for cheap option, investing in penny stocks may be best opportunity for you .

Penny stocks are very small and also at very reasonable price that they have slightest trading volume .

In India, investment in penny stocks is very inexpensive. Penny stocks are trade at low cost .Penny stocks do not have same equity as big companies, they can be traded on stock market also and generate profit if sold at high price.

Penny stocks are often highly reasonable, but traders makes investments from them that will bring them good returns. However, you should be aware that these investments are not for all investors . These investments make loss for some investors ,so you must have to be aware about limitations of investments.

Best Penny stocks to buy in India

Here are some best Penny stocks to invest

S.No.	Best Penny Stocks in India 2022	Industry
1.	Vodafone Idea Ltd	Telecom
2.	Alok Industries Ltd	Textile
3.	Jammu & Kashmir Bank Ltd	Banking
4.	Indian Overseas Bank	Banking
5.	Bank of Maharashtra Ltd	Banking
6.	Dish TV India Ltd	Satellite Television
7.	Morepen Laboratories Ltd	Pharmaceutical
8.	Yes Bank Ltd	Banking

Factors to Consider Before Investing in Penny Stocks India

Penny Stocks investment can be very profitable in India due to its high volatility. This is because they offer high profit and minimum loss. However, Penny stocks investor need to be careful about such investments by following such factors in these products-

High risk

Penny stocks investments in India have highest risk. This is because they are speculative and can offer higher returns and losses. Therefore ,if you are interested in investments in Penny stocks, you should be more careful in large investments.

Avoid the Buy and Hold Approach

It is inform that you avoid the Buy and Hold Approach for Penny Stocks. Instead ,try to invest for a short time in Penny Stocks and let them mature before reinvesting. This will reduce your risk in investments.

Above Average Returns

Penny Stocks provide Above-Average Returns in investments compared to other mutual funds. However , it is advised to invest smartly on the basis of their future performance so that you can earn more money with low risks.

While investment in Penny Stocks is a good idea for short time period ,it should not be profit for long time. Penny Stocks tends to be uneasy and you can find your investment worth less than what you initially invested.

In addition, their values drop with little warning due to market conditions or new developments and investments in companies.

Top Penny Stocks to Buy in India in 2022: Overview

Here is overview of Penny Stocks listed above –

1.Vodafone Idea Ltd

Vodafone Idea limited is Indian based telecom service provider Company. It is engaged in the business of Long distance Services. It provides data services across 2nd generation (2G), Third generation(3G), Fourth Generation(4G).

Its business services provide communication solutions to public sectors, government bodies, small and large startups. It provide voice services , broadband services ,content and digital offerings.

It is considered as the Best Penny stock in India.

2.Alok Industries Ltd

Alok Industries limited is textile company engaged in cotton and polyester business. It is Indian based. This company is involved in textiles, Packaging activities, leather and other products.

This company includes Spinning division, Polyester division, Home textile division, Apparel & Fabric Division. It includes accessories, cotton, apparel fabric, home textiles, garments woven and knitted ,blended yarn and polyesters.

3.Jammu & Kashmir Bank Ltd

Jammu and Kashmir Bank Limited is engaged in Bank business. The offers a range of services and products such as home loan, personal accounts, term deposits, Insurance , cards, business accounts, mutual funds, agriculture loans.

Its includes Treasury, retail banking ,corporate banking ,wholesale banking and other banking operations. It provides house loans, education finance, consumer loans , agriculture term loans and vehicle finance.

The share prices of stocks keep changing throughout the day depending upon different factors.

4.Bank of Maharashtra Ltd

Bank of Maharashtra limited is used in providing bank services. It involves, retail banking ,corporate banking ,wholesale banking and other banking operations.

The treasury segments includes investments, interest accrued on assets, balances with bank outside the India and relative income. The corporate/wholesale banking segments consists of trusts, companies, partnership firms and statutory bodies . The retail banking sector includes exposure of small business.

Conclusion

Penny stocks in India are long-term investments which leads low risks and high profit. Penny stocks are responsible ,inexpensive share issued by companies. Penny stocks tend to be more attractive for investors because their prices are low in volatile

Read also –

Top 5 Best penny stocks in hindi