in December 2023
Penny stocks are low-priced shares (usually under ₹10) of companies with small market capitalisation. They are high-risk investments due to low liquidity and potential price manipulation.
The following penny stocks are selected as of December 5, 2023. These stocks are sorted from highest to lowest based on the market cap.
The following parameters were used to get the list: • Close price should be less than ₹10. • 6 Month Return is set to be above 60%. • 5 Year CAGR is set to be above 5%
• Sub-Sector: Power Generation • Market Cap: ₹4,779.39 crore • Close Price: ₹8.90 • 5-Year CAGR: 20.18% • 6-Month Return: 157.97%
A major private power generation company in India with a 2,700 MW thermal power plant in Amravati, involved in coal-based thermal, hydro, and renewable energy projects.
An Indian real estate developer engaged in construction, property management, hospitality, and related activities.
• Sub-Sector: Real Estate • Market Cap: ₹1,595.94 crore • Close Price: ₹6.10 • 5-Year CAGR: 22.63% • 6-Month Return: 335.71%
A diversified Indian conglomerate with interests in energy, airports, transportation, and hospitality, operating in various business verticals.
• Sub-Sector: Airports • Market Cap: ₹1,571.31 crore • Close Price: ₹9.95 • 5-Year CAGR: 5.82% • 6-Month Return: 314.58%
G G Engineering manufactures auto parts, catering to the automotive industry with a range of engineering and machining solutions.
• Sub-Sector: Auto Parts • Market Cap: ₹192.61 crore • Close Price: ₹2.19 • 5-Year CAGR: 5.21% • 6-Month Return: 140.18%
The company is involved in biofuel trading, construction, and information technology. They lead in biodiesel imports in India and aspire to excel in their endeavours.
• Sub-Sector: Trading • Market Cap: ₹90.91 crore • Close Price: ₹9.06 • 5-Year CAGR: 35.75% • 6-Month Return: 177.06%