Introduction
Penny stocks are traded on the stock exchange for a value of less than Rs. 10. These stocks are of small publicly traded companies and undergo sudden cycles of market volatility. As a result, penny stocks have the potential to offer significant returns.
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Why should you invest in penny stocks?
Investing in penny stocks lower than Rs. 2 can offer specific rewards. Their low entry price is attractive, making it easier for investors with low cash to buy many shares. Moreover, they have the potential to offer quick gains. If you’re looking for short-term gains, you can explore the opportunities of profiting from the volatility of penny stocks.
List of the best penny stocks valued under Rs. 2 in India
1. Teamo Production
Teamo Production was established in 2006. It was formerly known as GI Engineering Solutions. It specialises in civil engineering activities and ancillary services. Its civil engineering sector focuses on land planning, land surveying, landscape architectural services, etc.
Investors are keen on investing in the company because it is almost debt-free. As of March 7, 2024, the company was trading at Rs. 1.27 on the Bombay Stock Exchange (BSE) with a market capitalisation of Rs. 109 crore.
2. Khoobsurat Ltd.
Khoobsurat Ltd. was founded on April 17, 1982. It is a Kolkata-based company that provides loan syndication services to individuals and corporate entities. It also trades in shares and securities.
The company is listed on BSE, Calcutta Stock Exchange (CSE), and the Metropolitan Stock Exchange of India Limited (MSEI). Its shares were trading for Rs. 1.40 on BSE as of March 7, 2024. The market capitalisation was worth Rs. 18 crore.
Read More: Penny Stock in India 2024
3. Shree Ganesh BioTech
Shree Ganesh BioTech was established in 1982. It is headquartered in Kolkata and focuses on producing, processing, and marketing quality hybrid seeds for different crops like cotton, sunflower, corn, grain sorghum, and paddy. It is also engaged in tissue culture plant activities.
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Shree Ganesh BioTech is listed on BSE. As of March 7, 2024, the company’s stock was trading at Rs. 1.33 on BSE and reported a market capitalisation of Rs. 53 crore.
4. Sawaca Business
Sawaca Business Machines Ltd. was established in 1994. It is headquartered in Ahmedabad and trades and exports machinery. It is also engaged in the local trading of cotton bales and metal scrap. The operations primarily focus on sourcing different grades of stainless-steel scrap, aluminium scrap, copper scrap, and others.
The stock is available for trading on BSE. Its share price on March 7, 2024, was Rs. 1.10, and its market capitalisation was Rs. 12 crore.
5. Maharashtra Corporation
Maharashtra Corporation was established in 1982. It is a textile company that engages in commodity trading. The textile products in its portfolio are handicrafts, gunnies, skins, cotton, hessian, pigments, colour, oils, indigo, rubber, and manure.
As of March 7, 2024, the company’s share price on BSE was Rs. 1.41, and its market capitalisation was Rs. 41 crore. Investors are interested in the company because of its high trailing twelve-month (TTM) earnings per share (EPS).
6. G-Tech Info Training
G-Tech Info Training was incorporated on August 18, 1994. It is a Mumbai-based company engaged in information technology-enabled services. Its revenue segments include software training and low-cost repair services for laptops, computers, and other gadgets from numerous brands. As of March 4, 2024, the company was trading on BSE at Rs. 1.45, with a market capitalisation of Rs. 0.51 crore.
7. Triveni Enterprises
Triveni Enterprises was incorporated on December 21, 1984, as Triveni Enterprises Pvt. Ltd. It is engaged in buying, selling, importing, exporting, and dealing in all kinds of products and commodities. As of March 7, 2024, its share price on BSE was Rs. 1.38, and the market capitalisation was worth Rs. 7 crore.
Conclusion
Before investing in penny stocks valued at less than Rs. 2, study the company’s background and research its performance. The potential of earning high profits may seem alluring, but you must approach your investments cautiously. You must set realistic goals, evaluate your risk tolerance, learn about the stock’s liquidity, and avoid focusing on a single penny stock to maintain diversification in your portfolio.
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