Top 10 penny stocks in India 2022
Top 10 penny stocks in India 2022 sell at such reasonable prices for a reason: most investors buying penny stocks don’t care in the slightest about them and want to get out as soon as possible once they’ve made a profit. Penny stocks only move because there is news or a story about a turnaround.
As a result of the speculation, trading volumes increase, and prices rise as these are the Multibagger penny stocks for 2025 India. However, only a small percentage of ideas prove to be accurate or actually effective on a fundamental level.
So what are penny stocks?
Top 10 penny stocks in India in 2022 trade at a very low price, usually less than 50 rupees. They are liquid stocks and have a low market capitalization. The general financial planning public is new to penny stocks. Top 10 penny stocks in India 2022 Investors avoid them because information about their fundamentals and operations is unreliable or unavailable.
On the other hand, Penny stocks are recognized for producing multi-bagger gains in just a few trading days. Because the Top 10 penny stocks in India 2022 are cheap, a few orders can cause the exchange’s circuit limit to be reached.
When these equities hit upper cycles for a few days, they usually yield bigger returns. This period of striking circuits isn’t normally joined by high exchanging volumes.
A decent central story can now and then drive a stock higher. They misrepresent the evaluation and advancements to tempt clueless individual financial backers. They would dump their own possessions once they had an adequate number of brokers occupied with the stocks.
List of best performing top 10 penny stocks in India
NHPC Limited is a company
NHPC Ltd is a Mini-Ratna Category-I Enterprise. The corporation has been one of the largest in the country regarding hydropower development. It is an Indian hydroelectric power generation firm dedicated to the story, planning, and implementation of a comprehensive and efficient hydroelectric network.
They are responsible for all phases of hydroelectric project development, from idea to commissioning of this one of the stocks of Top 10 penny stocks in India 2022.
Manali Petrochemical Ltd. is a company based in Manali, India
Manali Petrochemical Ltd. (MPL) is a Chennai-based petrochemical firm that has its place in the Top 10 penny stocks in India 2022.
Manali Petrochemical produces 27000 metric tons ( mt) of propylene oxide per year, 14,000 metric tons of propylene glycol per year, and 15,000 megatons of polyether polyol & system polyol per year. These compounds are essential ingredients in producing polyurethane foams, which have a wide range of applications.
Vodafone Idea Ltd
Vodafone Idea Limited is a joint endeavour between the Aditya Birla Group and the Vodafone Group. It is the biggest telecom specialist co-op in India.
With a Revenue Market Share of around 15.9% of the Indian mobile telecom infrastructure market, India’s third-largest cellular provider by subscribers. The company offers communication services across all platforms in India, including 2G, 3G, and 4G. This stock is a Multibagger penny stock for 2022.
Morepen Laboratories is a company that specializes in research and development
Morepen Laboratories specializes in pharmaceuticals. Morepen has evolved from a single-product company to a multi-activity firm with global ambition and happy clients in more than 50 countries. In India’s northern state of Himachal Pradesh (HP), the firm has three cutting-edge manufacturing facilities.
The US Food and Medicine Administration (USFDA) inspects and approves the main plant in Parwanoo to produce Loratadine, the world’s best-selling anti-allergy drug.
HBL Power Systems is a company that specializes in power generation
HBL Power Systems Ltd is a public Indian firm that has been in activity beginning around 1977 and represents considerable authority in designed labour and products. The company’s business strategy was to find technical shortages in India that might be filled by “indigenous efforts.” Aeroplane batteries were the main merchandise picked and effectively grew, in the end prompting HBL to have the world’s biggest scope of expert batteries.
With a significant presence in various other nations, the company has become a prominent provider of specialized batteries and electronics in India. Over the last few years, the stocks from this company moved horizontally from Rs 10 to Rs 60, with an estimated average of 4 lakh shares.
Steel Visa
Visa Steel, a manufacturer of industrial goods and high carbon ferrochrome, will be the next penny stock on the list. FIIs own 21.95 per cent of the company as of December 2021, with the Vikasa India EIF fund owning the majority of the shares.
This position has been unchanged for the past 12 quarters. Even during the current turbulence, when blue chips were the target of FII selling, neither of the international investors sold their shares.
Textile Industries of Winsome
Winsome Textile Industries produces 100% cotton yarn and cotton yarn mixed with viscose and value-added yarns such as mélange and solid-coloured. It’s also involved in the production of knitted cloth in various blends. Winsome Textile not only serves the home market but also exports its goods.
Export income accounted for roughly 42% of overall sales in fiscal 2021. For nearly four decades, the corporation has been in this field of work. It has built relationships with both suppliers and purchasers. It sells yarn to the well domestic enterprises, who then sell the final product to well-known international brands.
GVS Pharma Bliss
The next one on the list is a pharmaceutical company that markets, trades, and exports pharmaceutical formulations such as contraceptives, pessaries, pills, tablets, and syrups. Bliss GVS Pharma is active in over 64 countries, with a significant presence in Sub-Saharan Africa.
Bliss, according to management, has a share of the market of moreover 75 per cent. When it comes to the company’s assets, it has a good track record in terms of profitability and revenue and debt indicators that are under control.
Balaji Telefilms is a production company in India.
Balaji Telefilms produces films, organizes events, and sells B2C and B2B digital content as part of the Top 10 penny stocks in India 2022. The company distributes films through a subscription-based video on demand (SVOD) over the top (OTT) network.
The corporation has made a name for itself in the television content market in India. The business has been producing telefilms for over three decades and has produced over 150 episodes in five languages, including some of the most popular programmes in India’s television industry.
DCB Bank is a financial institution
DCB Bank is another private bank on the list with a large mutual fund exposure. The bank was founded in 1995 due to the merging of Ismailia Co-operative Bank and Masalawala Cooperative Bank. As of December 2021, the bank had 367 offices and 353 ATMs. DCB Bank is owned by mutual funds, which own 28.58 per cent of the company.
In September 2021, this figure was 27.36 per cent. At 9.24 per cent, even FIIs have a good exposure. Even though it is down from the original of 22.8 per cent. For the previous 8 quarters, FIIs have been lowering their exposure to the bank. This is the last stock that takes the Top 10 penny stocks list in India 2022.
Conclusion
These are our Top 10 penny stocks in India 2022 that we selected. Notwithstanding, you ought to constantly do your own research prior to putting resources into these stocks. Once again, caution: these stocks are intrinsically riskier than large- and mid-cap stocks.
These stocks should not account for more than 5 per cent of a portfolio’s value. Doing research on the firm is one of the finest strategies for choosing penny stocks which have the potential to give significant profits. Hope you know everything about the Indian penny stocks with good fundamentals about the stocks listed in the Top 10 penny stocks in India 2022.
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