What are Penny Stocks Under Rs. 20?

Penny stocks under Rs. 20 are shares of startups or small-cap companies that are sold for less than Rs. 20 a share. These stocks appeal to investors with minimal cash or those who want to diversify their portfolios because they are frequently affordable and have strong growth potential. These penny stocks belong to many industries, ranging from the best infra stocks to ethanol stocks in India.

 

Best Penny Stocks Under Rs. 20 in India

Here are the top penny stocks under Rs. 20 you must know:

 

Companies	Market Capital	PE Ratio
NCC Blue Water Products Ltd	₹15.9 Cr	38.8
Garbi Finvest Ltd	₹19.7 Cr	-
Leasing Finance and Investment Company Ltd	₹218.04Cr	11.99
Sagar Soya Products Ltd	₹0.07 Cr	0.18
Vodafone Idea	₹89,872 Cr	-
Jaiprakash Power Ventures	₹11,884 Cr	10.77
RattanIndia Power	₹8,297 Cr	0.87
GTL Infrastructure	₹3,189 Cr	-
Unitech Group	₹2,608 Cr	-
Dish TV	₹2,572 Cr	-

*as of date 16/09/2024

 

Overview of the Best Penny Stocks Under Rs. 20 in 2024

Here is a short overview of the best penny stocks under Rs. 20:

• NCC Blue Water Products Ltd: NCC Blue Water Products Ltd. specializes in the production of shrimp and other seafood products using ecologically friendly and sustainable processes.
• Garbi Finvest Ltd: Garbi Finvest Ltd offers a variety of financial services and products, including asset management, investment advisory, and loans.
• Leasing Finance and Investment Company Ltd: The company specializes in offering financial and leasing services to both people and corporations, including investment services, hire buy, and equipment leasing.
• Sagar Soya Products Ltd: Sagar Soya Products produces and distributes food products based on soy, such as soy flour, oil, and other derivatives.
• Vodafone Idea: Offering a vast array of mobile and internet services, Vodafone Idea is a prominent participant in the Indian telecom sector.

 

Benefits of Investing in the Best Penny Stocks under Rs. 20 Stocks

The following are some of the benefits of investing in the best Rs. 20 stocks:

• Affordability: Many of these shares are below Rs. 20 and spread across different industries, including the best infra stocks and ethanol stocks in India. This makes it possible for investors with limited capital to venture into the market.
• Higher Volatility: Low-priced stocks tend to have higher risk-adjusted returns than large-cap shares. Hence, what may be seen as risks because of their volatility can also be looked at as chances that may lead to relatively better returns.
• Increased Liquidity: Penny stocks under RS. 20 attract many retail and institutional investors in the markets. This means that there may be more trading in these low-value penny stocks under Rs. 20, which may make them more liquid in the market.

While penny stocks priced under Rs. 20 provide an inexpensive way to enter the stock market, investors can also look into the best infrastructure stocks and ethanol stocks in India.

 

Conclusion

There are both risks and returns associated with penny stocks under Rs. 20. Penny stocks must be ventured into if the business entity has a growth outlook and the research is plausible. However, it is important to understand that any investment in any stock comes with a certain level of risk and even higher risk applies to semi-penny stocks.

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.