Home PENNY STOCK Top 5 Best penny stocks in India – Multibagger Penny Share In...

Top 5 Best penny stocks in India – Multibagger Penny Share In India



Below is some more information about Best penny stocks in India

Vodafone Idea Ltd

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider. It is the third largest wireless operator by subscribers in India with a Revenue Market Share of approximately 15.9% of the Indian mobile telecommunications services industry. The Company provides pan India Voice and Data services across 2G, 3G and 4G platforms. Competition from peers such as Reliance Jio and Airtel is a major blow to Vodafone’s business as it is losing subscribers slowly to them. Vodafone can be on a speculator’s radar, however, it is extremely risky and volumes should be closely observed before buying this stock.

NHPC Limited

NHPC Ltd is a Mini-Ratna Category-I Enterprise of the Government of India. The company is one of the largest organizations in the field of hydropower development in the country. It is a hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. hey execute all aspects of the development of hydroelectric projects, from concept to commissioning of the projects.

The company has a good dividend yield of around 6.17% and low debt to equity ratio. The stock has a broader price range and generally fluctuates within a range from Rs 14 to 34 and has average yearly volatility of 40 percent.

Morepen Laboratories

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 50 countries. The company has three state-of-the-art manufacturing plants in the northern state of Himachal Pradesh (HP) in India.

The main plant at Parwanoo is inspected and approved by the United States Food and Drug Administration (USFDA) for production of Loratadine, which is the best selling anti-allergy drug globally. It is the largest producer of Loratadine in the World and presently has over 90% market share of generic Loratadine in the US market, a supplier to top-class customers like Novartis, Merck, etc.

The company has a good debt to equity ratio of 0.05. Since the last 10 years, this stock has been moving in a broader range of Rs 2.5 to 45 on the higher side and has an average daily volume of around 18 lakh shares.

Manali Petrochemical Ltd.

Manali Petrochemical Ltd. (MPL)

is a petrochemical company based in Chennai. It markets propylene glycol and polyols. Manali Petrochemical annually produces 27000 metric tonnes of propylene oxide, 14,000 metric tonnes of propylene glycol and 15,000 metric tonnes of polyether polyol and system polyol.

These chemicals are key inputs for the manufacture of polyurethane foams having wide ranging applications. Propylene glycol is extensively used in pharmaceuticals, food flavours, essences, cigarettes, cosmetics and perfumery.

The company has a good debt to equity ratio of 0.03 and a good dividend yield of around 1.26%. The stock has high historical volatility. For the last 10 years, this stock has been moving from Rs. 6 to 46 and has an average daily volume of 30 lakh shares.

HBL Power Systems

HBL Power Systems Ltd is a listed Indian company, in business since 1977, with a focus on engineered products and services. The company’s business strategy was to identify technology gaps in India that they could fill by ‘indigenous efforts’. The first products selected and successfully developed were Aircraft batteries – eventually leading to HBL offering the world’s widest range of specialized batteries.

Now the company has become a leading supplier of specialised batteries and power electronics in India with a strong presence in several other countries.Ths stock has been moving horizontally since the last 10 years from Rs 10 to 60 with an average daily volume of 4 lakh shares.



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