List of the Top Penny Stocks In India 2026
Penny stocks in India are low-priced shares, usually trading below ₹20, that often show low liquidity, high volatility, and speculative trading activity. Some penny stocks belong to weak or financially stressed businesses, while others may simply have a low face value or a large number of outstanding shares. In this article, we will explore the best stocks under ₹10 in India, including their types, features, risks, benefits, and key points to consider when investing.
Top Penny Stocks in India
Saturday, 23 May, 2026
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALOK | Alok Industries Ltd | ALOKINDS | /stocks/alok-industries-ALOK | Textiles | 12.30 | 23.50 | 11.11 | 6,107.25 | -8.21 | 24.60 | -0.36 | 0.00 | 0.00 | -34.96 | -5.02 | -40.87 | Smallcap | Consumer Durables & Apparel | Textiles, Apparel & Luxury Goods | Textiles | -0.65 |
| BJHN | Bajaj Hindusthan Sugar Ltd | BAJAJHIND | /stocks/bajaj-hindusthan-sugar-BJHN | Sugar | 18.53 | 29.64 | 14.85 | 4,426.61 | -187.81 | 36.83 | 1.04 | 0.00 | -0.54 | -19.78 | 38.28 | 62.54 | Smallcap | Food, Beverage & Tobacco | Food Products | Packaged Foods & Meats | 0.05 |
| DHE | Dhenu Buildcon Infra Ltd | DHENUBUILD | /stocks/dhenu-buildcon-infra-DHE | Commodities Trading | 9.12 | 9.94 | 5.09 | 5,411.62 | -13,875.95 | 40.84 | 2,089.43 | 0.00 | -13.98 | 72.40 | 370.10 | 288.09 | Smallcap | Financial Services | Trading Companies & Distributors | Investment Banking & Brokerage | 1.90 |
| EASE | Easy Trip Planners Ltd | EASEMYTRIP | /stocks/easy-trip-planners-EASE | Tour & Travel Services | 8.03 | 11.44 | 5.77 | 2,920.39 | 27.20 | 24.60 | 3.94 | 0.00 | 15.71 | -27.00 | -65.01 | -2.90 | Smallcap | Consumer Services | Hotels, Restaurants & Leisure | Hotels, Resorts & Cruise Lines | 0.63 |
| IFIB | Avenuesai Ltd | CCAVENUE | /stocks/infibeam-avenues-IFIB | Payment Infrastructure | 13.84 | 21.13 | 12.92 | 4,831.33 | 21.43 | 15.80 | 1.26 | 0.00 | 6.24 | -19.30 | 11.25 | -20.18 | Smallcap | Financial Services | Diversified Financial Services | Transaction & Payment Processing Services | -0.57 |
| IIAB | Indiabulls Ltd | IBULLSLTD | /stocks/indiabulls-integrated-services-IIAB | Retail - Online | 19.07 | 22.78 | 8.90 | 4,259.06 | 15.55 | 24.60 | -15.41 | 0.00 | 0.00 | 23.03 | 67.28 | -81.53 | Smallcap | Commercial & Professional Services | Retail | Diversified Support Services | 4.78 |
| JAPR | Jaiprakash Power Ventures Ltd | JPPOWER | /stocks/jaiprakash-power-ventures-JAPR | Renewable Energy | 18.76 | 27.70 | 13.15 | 12,857.09 | 28.53 | 27.85 | 1.05 | 0.00 | 6.84 | 27.62 | 229.12 | 400.27 | Smallcap | Utilities | Independent Power and Renewable Electricity Producers | Independent Power Producers & Energy Traders | 1.08 |
| PCJE | PC Jeweller Ltd | PCJEWELLER | /stocks/pc-jeweller-PCJE | Precious Metals, Jewellery & Watches | 8.37 | 19.65 | 7.47 | 8,127.72 | 14.07 | 24.60 | 1.31 | 0.00 | 12.66 | -31.34 | 248.75 | 198.93 | Smallcap | Consumer Discretionary Distribution & Retail | Textiles, Apparel & Luxury Goods | Other Specialty Retail | 0.97 |
| RTNP | RattanIndia Power Ltd | RTNPOWER | /stocks/rattanindia-power-RTNP | Power Generation | 9.12 | 16.92 | 7.52 | 4,897.54 | 93.39 | 27.85 | 0.99 | 0.00 | 4.57 | -14.77 | 199.02 | 194.19 | Smallcap | Utilities | Independent Power and Renewable Electricity Producers | Independent Power Producers & Energy Traders | -0.44 |
| VODA | Vodafone Idea Ltd | IDEA | /stocks/vodafone-idea-VODA | Telecom Services | 13.73 | 13.99 | 6.12 | 148,754.99 | 4.31 | 31.38 | -2.12 | 0.00 | 0.00 | 103.41 | 96.14 | 59.65 | Largecap | Telecommunication Services | Wireless Telecommunication Services | Wireless Telecommunication Services | 0.81 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Note: The data in this all penny stocks list is subject real-time updates. The penny stocks have a close price less than ₹ 10 using Tickertape Stock Screener.
Selection criteria:
- Close Price: = <20
- Market Cap: Sorted from Highest to Lowest
Explore screensTop 10 Penny Stocks Under Rs. 10
What are Penny Stocks?
Penny stocks are low-priced shares that usually trade at very small prices per share and often show high volatility, low liquidity, and speculative trading activity. The term is commonly used for stocks that:
- Trade at low prices, often below ₹20
- Have sharp price movements
- May have lower trading volumes or higher speculation
A penny stock does not always mean the company is small. Some companies can have low share prices but still maintain large market capitalisations because they have a high number of outstanding shares.
Top Penny Stocks in India
- Vodafone Idea Ltd: Vodafone Idea Ltd is a telecom service provider in India offering mobile, voice, data, and enterprise communication services. The company was formed through the merger of Vodafone India and Idea Cellular.
- Jaiprakash Power Ventures Ltd: Jaiprakash Power operates in the power generation sector. The company develops and operates thermal and hydropower projects and is part of the Jaypee Group.
- PC Jeweller Ltd: PC Jeweller is a jewellery retailer in India. The company sells gold, diamond, and silver jewellery through retail stores and online channels.
- Alok Industries Ltd: Alok Industries operates in the textile sector. The company manufactures cotton and polyester products, including yarn, apparel fabric, home textiles, and garments.
- RattanIndia Power Ltd: RattanIndia Power is engaged in power generation. The company operates thermal power projects and supplies electricity to distribution companies and other customers.
How to Invest in Penny Stocks in 2026?
Here is how you can invest in the best penny stocks in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into the best penny stock in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate a penny stocks list on NSE.
- Place a ‘Buy’ Order on the penny stocks that align with your investment thesis.
Features of Penny Stocks
- Sharp Price Movements: Penny stocks can see sharp price movements in a short time. Even small news, rumours, or company announcements can affect their prices. This makes them highly risky, as gains and losses can happen quickly.
- Low Share Prices: Penny stocks trade at low prices, so they may seem affordable for people with limited capital. Some traders buy a large number of shares because the entry cost is low. However, a low share price does not always mean the stock is cheap or valuable.
- Low Trading Volumes: Many penny stocks have low trading volumes. This means there may not be enough buyers or sellers at all times. As a result, buying or selling these shares quickly at the desired price can be difficult.
- Limited Company Information: Penny stock companies often have limited public information and lower analyst coverage. Some may also have weak financials or unstable businesses. This makes it harder to assess their actual value, risks, and business quality.
How to Identify Penny Stocks in India?
- Check Profit Consistency: Companies that report profits across several periods may show better cost control and business stability. Consistent profitability can also help a company manage debt, support operations, and reinvest in business growth.
- Review Promoter Holding: Promoter holding indicates how much stake the founders or key owners have in the company. A stable or rising promoter stake may indicate confidence in the business. However, promoter holding alone does not give the full picture. Company debt, cash flows, pledging, and governance also matter.
- Understand the Business Model: The company’s business model shows how it earns revenue and whether it can scale over time. Sectors such as renewable energy, technology, finance, and manufacturing may have different growth drivers and risks. A clear business model helps assess the company beyond its low share price.
Benefits of Investing in Penny Stocks
- Low Entry Cost: Penny stocks trade at low share prices, which makes the initial investment amount smaller. This allows market participants to buy more shares with limited capital. However, affordability should not be confused with business quality.
- Scope for Sharp Gains: Penny stocks can move sharply when business conditions improve, market sentiment changes, or sector interest rises. These price movements can create high return potential, but the same volatility can also lead to quick losses.
- Portfolio Diversification: Penny stocks can add exposure to smaller companies and emerging sectors. However, they usually carry a higher risk than large-cap or established stocks. A mix of market caps and asset types can reduce dependence on a single stock category.
- Learning Opportunity: Penny stocks may help beginners understand price movements, liquidity, volatility, and market behaviour with a smaller capital outlay. Still, low investment size does not remove the need for research and risk awareness.
Risks of Investing in Penny Stocks
- Limited Trading Activity: Penny stocks often have fewer buyers and sellers in the market. Low trading volume can make it hard to buy or sell shares at the desired price. This can also lead to wider gaps between the buying and selling prices.
- Sharp Price Swings: Penny stocks can react strongly to news, rumours, or market sentiment. Even a small change in price can create a large percentage move because the stock price is already low. This makes them highly volatile.
- Lower Transparency: Many penny stock companies have limited public information and lower analyst coverage. Institutional investors such as mutual funds, pension funds, and ETFs may avoid these stocks due to concerns around financial quality, governance, and disclosure.
Factors to Consider Before Investing in Penny Stocks
- Trading Volume and Liquidity: Trading volume shows how actively a stock is bought and sold. Low liquidity can make it difficult to buy or sell shares at the desired price, especially during sharp market moves.
- Promoter Holding and Pledging: Promoter holding shows the stake held by the company’s founders or key owners. High promoter pledging can be a concern because pledged shares may create pressure if the stock price falls.
- Business Model: A clear business model helps explain how the company earns money. Penny stocks with unclear revenue sources, weak demand, or poor execution may be harder to assess.
- Sector Conditions: The company’s sector can affect its performance. For example, power, textiles, telecom, and finance companies may face different risks linked to regulation, demand, debt, and input costs.
- Information Availability: Some penny stock companies have limited disclosures, low analyst coverage, and fewer public updates. This makes it harder to judge their financial quality, management decisions, and future risks.
To Wrap It Up…
Investing in penny stocks carries inherent risks, but you can reduce these risks through thorough research and careful selection. Tools like the Tickertape Stock Screener, which offers over 200 filters, help you identify promising penny stocks across multiple criteria. By leveraging such resources and analysing key factors, you can make more informed decisions.
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Frequently Asked Questions about Penny Shares
1. What are penny stocks?
Penny stocks are low-priced stocks trading below ₹20. These stocks offer high growth potential but come with significant risks, making them volatile investments.
2. Which share is the best penny stock under 10 Rs?
Some of the best penny stocks under 10 as of 13th May 2026, as per market capitalisation, include:
- PC Jeweller Ltd
- RattanIndia Power Ltd
- Dhenu Buildcon Infra Ltd
- Easy Trip Planners Ltd
- Brightcom Group Ltd
Disclaimer: Please note that the above penny stocks list is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
3. Should beginners invest in penny stocks?
Beginners should be cautious when investing in high-return penny stocks due to their high volatility, limited information, and greater risk compared to large-cap stocks. Investors can use tools like the Tickertape Stock Screener for research before investing.
Disclaimer: This information is for educational purposes only and does not constitute investment advice. Penny stocks carry high risk, and suitability varies by individual circumstances.
4. Why should one invest in penny stocks?
Investing in penny stocks on NSE allows beginners to experiment with low-priced stocks without risking large amounts of capital. These stocks offer a learning opportunity, but investors must conduct thorough research or seek professional advice before investing in penny stocks.
Disclaimer: This content is not a recommendation to invest in penny stocks. Investments are subject to market risks, and independent research or professional advice is advisable.
5. How to trade penny stocks in India?
Investors can invest in penny stocks through a demat account on smallcase. They can use tools like Tickertape Stock Screener to filter stocks based on price, market cap, volume, financials, and other parameters. After reviewing the company and risk factors, they can place a buy order through their broker.
6. Are penny stocks a good investment?
It depends on various factors such as the company’s financial condition, business model, liquidity, sector performance, and market sentiment. Penny stocks can offer sharp price movements, but they also carry higher risks due to volatility and limited information availability
Disclaimer: This is for informational purposes only. Penny stocks involve significant risk, and past performance does not indicate future results.
7. What are the top debt free penny stocks?
The following are the debt-free penny stocks as of 13th May 2026:
- Brightcom Group Ltd
- BSEL Algo Ltd
- Debock Industries Ltd
- Blue Chip India Ltd
- Diligent Media Corporation Ltd
Disclaimer: Please note that the above penny stocks list is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
8. How fast can penny stocks grow?
Growth varies widely across companies and market conditions. Some penny stocks show sharp short-term price movements, while most remain volatile and high risk.
Disclaimer: Growth potential varies widely and is uncertain. This information does not guarantee returns and should not be treated as investment advice.
9. How long can I hold a penny stock?
There is no fixed holding period for penny stocks. The duration can depend on factors such as company performance, liquidity, price volatility, business fundamentals, and overall market conditions.
10. What are high return penny stocks?
As of 13th May 2026, based on 1-year returns, some of the high return penny stocks in India include:
- Shikhar Consultants Ltd
- Unipro Technologies Ltd
- Homre Ltd
- Noble Polymers Ltd
Disclaimer: Please note that the above high return penny stocks list is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
