Best Penny Stocks to Buy now in India 2022

Penny stocks are stocks that trade at very low prices normally below 50 rupees. They have low market capitalization and mostly are illiquid.

Penny stocks trade at such low rates for a reason because most of the traders buying penny stocks don’t even care about them and look to exit sooner or later once they have given decent returns.

List of Best Penny Stocks to Buy now in India

1.Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider.

2. Morepen Laboratories is a Pharmaceutical company. Morepen has steadily grown from a single product company to a multi-activity company with a global vision and satisfied customers in over 80 countries.

3.TV18 Broadcast Ltd has been backed by the largest company in India as per the market capital, Reliance. 

4. Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU

5. Trident Limited, the Trident Group’s flagship company, is a significant manufacturer of yarn, bed linen, and wheat straw-based paper, as well as chemicals and captive power.

6. HBL Power Systems Ltd is a listed Indian company, in business since 1977, with a focus on engineered products and services.

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