Top 5 Penny Stocks

Top 5 Penny Stocks: Penny Stocks are always the apple of the eye of retail investors, But people don’t know how to find them. Don’t worry, here we are with the best of the best Penny stocks filtered after multiple technical and fundamental analyses.

Top 5 Penny stocks list includes few stocks You might know but few might be hearing for the first time. So, gear up. Before going to the list for our newbie readers and newbie Investors let’s first understand some basics.

What is a penny stock.?

In simple terms, Penny stock or a penny company is a company which is traded at a low price due to its low market cap or high debt or is newly listed or smaller in size. Small companies(penny stocks) are usually traded at a low price like its price is around rs. 1 to rs. 50-70.

Now Penny stocks must not be mistaken with companies that have a very low volume and low price those are just basic companies for retail investors and should be avoided. Stocks that have low prices but at the same time have daily trading volumes higher than 100k.

Top 5 penny stocks is a list curated after much thought and analysis but this top penny stocks list isn’t limited to only these stocks. You can find more stocks by looking at these stocks. Lets start our journey.

Top 5 Penny Stocks in 2024

GTL Infra Share:

GTL Infra Share’s current market price is rs 3.65. GTL Infra Share has given more than 360% return in this year till now and it’s still growing with more speed and power. its average trading volume is more than 70 million shares/day.

Gtl Infra stock is still among the most buy-rated penny stocks in 2024. Its shareholders include LIC, Canara Bank, SBI, Union Bank of India, Bank of Baroda, ICICI Bank etc. FII holding stands around 0.12%.

But as I said in the very beginning it’s a penny stock and there’s a reason why it is traded at a low price. It had huge debts that’s company found itself unable to service and on top of it promoter shareholding is only 3.28%.

Know more about GTL infra share Target 2024, 2025, 2030, 2040 and 2050 just read this,

Suzlon Energy

One of the highest-rated stocks not only in the renewable sector but in the whole market. Suzlon Energy’s share price is around Rs. 53. It has profited 248% in 2024.

Suzlon Energy holds 33% of the wind turbine market. It’s giving direct competition to Adani Power and Adani Green. Suzlon has reduced its debt tremendously.

It is rated so high that Suzlon’s share Price target of 2025 might shock you. Don’t believe just click & find out.

Vikas Lifecare

Its current market price is around Rs 5.50. it’s working in Plastic management which is a revolutionary sector. And this is the reason why it is rated so high.

Its market cap is around Rs. 1038 crore which is pretty good considering its trading as a penny stock. Vikas lifecare has daily average trading volume of around 3 million shares.

Vikas Ecotech

Its current market price is around rs. 3.50 and the market cap is around rs.700 crores. It’s working in the speciality chemical sector. an upcoming sector with high demand.

Vikas Ecotech is almost debt-free which is a plus for any retail investor who wants to play safe. its average trading volume is around 10 million shares/day.

One negative side of this company is that it has very low promoters holding and very high public holding.

Rattan India Power

Its current market price is around rs. 17.50 and the market cap is around 9300 crores. Rattan India Power share has given a 250% return in 2024 which is pretty impressive.

It has a very volatile financial condition and this quarter it has reported a huge loss of rs. 1024 crore. the biggest positive thing about this company is that its promoter shareholding is around 44%. this is the highest among all these other companies.

It has an FII holding or 2% and a Mutual fund holding of 0.08%. High-rated stock in our Top 5 penny stocks list.

Conclusion

This list of Top 5 penny stocks 2024 is not a buy/sell recommendation. It’s a list just to make you people aware of the best of penny stocks in 2024.

All these stocks are taken from different brokerage houses’ reports. To make your path easier there are five penny stocks for you to analyse and find the best. But one recommendation from our analysts although penny stocks look lucrative and good these are also high in risk.

So, if you are thinking of investing in any of these or some other penny stocks take a calculated risk. don’t go overboard and invest in what you don’t need shortly.

I hope If you were searching for penny stocks this list would suffice your hunger. If you want more such posts feel free to comment and don’t forget to share it with your friends and on social media.

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