Best penny stocks to buy today in India for long term
penny stocks are a popular form of investment, Penny stocks are often highly speculative, but traders can also use them to make investments that will bring them good returns. However, you should be aware that these types of investments generally have limited liquidity and may not be suitable for all investors
Top 10 penny stocks in India
- Vodafone Idea Ltd
- Alok Industries Ltd
- Jammu & Kashmir Bank Ltd
- Indian Overseas Bank
- Bank of Maharashtra Ltd.
- Dish Tv India Ltd
- Morepen Laboratories Ltd
- Yes Ban Ltd
- Trident Ltd
- JP Power
People who generally trade or invest in penny stocks are generally the lower class of retail investors who do not keep a portfolio approach and invest in them based on news or tip from random sources
They think the price is so low that they will not lose much but if the stock turns out to be good then it could double or triple their investment. However, investors should always keep in mind that they might be investing in small amounts but still, they can lose 100 percent of their capital
Best penny stocks for 2023
1) Vodafone Idea Ltd
Vodafone Idea Limited is an India-based telecom service provider. The Company is engaged in the business of mobility and long-distance services. It provides pan-India voice and data services across second-generation (2G), third-generation (3G), and fourth-generation (4G) platforms.
Its Vodafone Idea business services provide communication solutions to global and Indian corporations and start-ups. In addition, it offers voice services, broadband services, and content and digital offerings
2) Alok Industries Ltd
Alok Industries Ltd is an Indian Textile Manufacturing Company based in Mumbai, India with integration in both the streams, in the cotton as well as polyester value chain. ISO 9001:2000 certified company. The company has created global-sized capacities and expanded its markets across global territories.
Its main business involves weaving, knitting, processing, home textiles, ready-made garments, and polyester yarns. It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia, and Africa
3) Jammu & Kashmir Bank Ltd
Jammu and Kashmir Bank (J&K Bank) is a Scheduled Commercial Bank and one of the oldest private sector banks in India, incorporated in 1938. The bank is listed on the NSE and the BSE and has its Corporate Headquarters in Srinagar.
The bank functions as a leading bank in the Union Territories of Jammu & Kashmir and Ladakh and is designated by the Reserve Bank of India as its exclusive agent for carrying out banking business for the Government of Jammu & Kashmir and Ladakh. J&K bank caters to the banking requirements of various customer segments which include Business enterprises, employees of government, semi-government and autonomous bodies, farmers, artisans, public sector organizations, and corporate clients.
The bank also offers a wide range of retail credit products, including home, personal loans, education loans, agriculture, trade credit, and consumer lending, and a number of unique financial products tailored to the needs of various customer segments.
4) Indian Overseas Bank
Indian Overseas Bank (the Bank) is engaged in banking. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations
Its operations consist of domestic deposits; domestic advances; foreign exchange operations; investments; micro, small and medium enterprises, including MUDRA Loan Scheme; retail banking, including Arogya Mahila Savings Bank Accounts; Mid Corporate department; agricultural credit portfolio; loans to small and marginal farmers; loans to non-corporate farmers, and microfinance.
In addition, its banking services include saving banks, current accounts, term deposits, retail loans, mortgages, and depository services.
5) Bank of Maharashtra Ltd
The Bank of Maharashtra Limited is engaged in providing banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and other banking operations
The Treasury segment includes investment, balances with banks outside India, interest accrued on assets, and related income. The Corporate/Wholesale Banking Segment consists of all advances to trusts, partnership firms, companies, and statutory bodies. The Retail Banking Segment includes exposure to a person/persons or a small business
6) Dish TV India Ltd
DishTV India is Asia's largest Direct to Home Entertainment Company DishTV is the pioneer when it comes to digital entertainment. The innovative offerings and revolutionary features of DishTV have earned it a prestigious place of being World’s third largest DTH company.
Being the leader in DTH services, DishTV has changed the face of Indian Television by making it possible for every customer to have access to premium quality digital entertainment. Enhancing the viewing experiencing, the tri-satellite technology that broadcasts Hi-Definition and Standard Definition signals, DishTV has taken the standards of television to incredible heights.
7) Morepen Laboratories Ltd
Morepen Laboratories Limited is an India-based pharmaceutical company. The Company is in the business of manufacturing, producing, developing and marketing a range of active pharmaceutical ingredients (APIs), branded and generic formulations and also the home health products. Its APIs include Apixaban, Edoxaban, Sitagliptin, Linagliptin, Empagliflozin, Atorvastatin, Loratadine, Desloratadine, Montelukast Sodium, Atorvastatin Calcium, Fexofenadine, Sitagliptin Phosphate, Vildagliptin and Rivaroxaban, among others. Its finished formulations include Intebact Capsules, Intelicaps Lax, Rythmix Kid Drop, Rythmix Kid Syrup, Kompact Powder, Saltum and Acifix 3X Suspension among others.
Its home health products include Dr. Morepen 49W Room Air Purifier With HEPA Filter, Dr. Morepen VP06 Breathe Free Vaporizer, Dr. Morepen CN06 Compressor Nebulizer and Dr. Morepen ST03 Dual Head Stethoscope, among others. Its subsidiaries include Dr. Morepen Limited and Total Care Limited, among others.
8) Yes Bank Ltd
YES BANK Limited is an India-based private sector bank engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking and wealth management. Its segments include Treasury, Corporate Banking, Retail Banking and Other Banking Operations.
The Treasury segment includes investments, all financial markets activities undertaken on behalf of the Bank's customers and trading.
maintenance of reserve requirements and resource mobilization from other banks and financial institutions. The Corporate Banking and Retail Banking segment includes lending, deposit-taking and other services offered to corporate and retail customers respectively. Other Banking Operations include para banking activities.
Its products and services include digital salary account, savings account, current account, YES First, YES Premia, online banking, net banking services, credit card and debit card.
9) Trident Ltd
Trident Limited, a part of USD 3 billion Trident Group is headquartered in Ludhiana, Punjab. The Company has evolved as a global textile player under the visionary leadership of its founder Chairman Mr Rajinder Gupta, a first generation entrepreneur. It is a leading manufacturer of Yarn, Bath Linen, Bed Linen, Paper, Chemicals and Captive Power. It has state-of-the-art manufacturing facilities in Barnala, Punjab and Budni, Madhya Pradesh.
Trident Limited (Formerly known as Abhishek Industries Limited) was incorporated on April 18, 1990. Consequently, name of the Company changed from Abhishek Industries Limited to Trident Limited on April 18, 2011. Presently, the Company is engaged in manufacturing, trading and selling of Textiles like Yarn, Terry Towels & Bedsheets and Paper & Chemicals.
10) JP Power Ltd
Jaiprakash Power Ventures Limited (JPVL), a part of the Jaypee Group was incorporated in 1994. The company owns and operates 400 MW Vishnuprayag Hydroelectric project, at District Chamoli,
The company is also implementing the 1320 MW (2X660 MW) super critical technology boiler pit head based Nigrie Thermal Project at District Singrauli in the state of Madhya Pradesh which is expected to commence operations in 2013.
In Madhya Pradesh the company has built and operates the 500 MW Bina Thermal Power Project as well as the 1320 MW Nigrie Coal fired Thermal Power Plant. The Group has developed 3300 MW of supercritical thermal power plants of which a 1980 MW power station is in Bara in Uttar Pradesh.
Related research:
Best penny stocks for 2023
best penny stocks for 2023 in india
multibagger penny stocks for 2023
best penny stocks for long term
best penny stocks to buy today india for long term
top 10 penny stocks
Tag: KalkaMarket, Kalkastockmarket, Nifty50, Banknifty 2023, Budget 2023, Long term Penny Stock, Best penny stocks to buy today India, indian penny stocks with good fundamentals, Best penny stocks below 1 rupee
Can i buy JP Power Share??
ReplyDeleteyes
DeleteWhich stock best for Buy Today??
ReplyDeleteJP Power you can buy
DeleteSuperb
ReplyDeleteSuperb
ReplyDelete