Penny stocks are stocks of companies that trade at very low prices, usually less than INR 10. They are often considered risky and speculative, as they have low liquidity, high volatility, and limited financial information. However, some investors may find them attractive, as they offer the potential for high returns in a short period of time.
In this blog post, I will introduce you to six penny stocks that are currently trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. I will also provide you with some basic information about each company, such as its market capitalization, current price, 52-week high and low, and business sector. Please note that this blog post is not intended to be a recommendation or an endorsement of any of these stocks. It is only meant to be an informative and educational resource for those who are interested in learning more about penny stocks in India.
Before we dive into the details of each stock, let me give you a brief overview of what penny stocks are, how they work, and what are the pros and cons of investing in them.

What are penny stocks?
Penny stocks are stocks of companies that trade at very low prices, usually less than INR 10. They are also known as micro-cap stocks or nano-cap stocks, as they have very low market capitalization, usually less than INR 500 crore. Penny stocks are not listed on the main exchanges, such as BSE or NSE, but on the over-the-counter (OTC) market or the regional exchanges, such as BSE SmallCap or NSE Emerge.
How do penny stocks work?
Penny stocks work like any other stock, except that they have much lower prices and much higher risks. Investors can buy and sell penny stocks through brokers or online platforms that deal with OTC or regional markets. However, unlike regular stocks, penny stocks have very low liquidity, meaning that there are not many buyers and sellers available at any given time. This makes it difficult to execute trades quickly and at favorable prices. Penny stocks also have very high volatility, meaning that their prices can fluctuate wildly and unpredictably in a short period of time. This makes it difficult to predict their future performance and value.
What are the pros and cons of investing in penny stocks?
Investing in penny stocks has both advantages and disadvantages, depending on the investor’s risk appetite, goals, and strategies. Some of the pros and cons of investing in penny stocks are:
- Pros:
- Penny stocks offer the possibility of earning high returns in a short period of time, as they can sometimes multiply in value overnight or within days.
- Penny stocks require a low initial investment, as they can be bought for a few rupees or even paise per share.
- Penny stocks can provide exposure to emerging sectors or industries that have high growth potential or innovative products or services.
- Cons:
- Penny stocks carry a high risk of losing the entire investment or a large portion of it, as they can sometimes drop to zero or near-zero value overnight or within days.
- Penny stocks have low transparency and reliability, as they have limited financial information, regulatory oversight, and corporate governance.
- Penny stocks are susceptible to fraud and manipulation, as they can be easily influenced by rumors, hype, scams, or pump-and-dump schemes.
Now that you have a general idea of what penny stocks are, how they work, and what are the pros and cons of investing in them, let’s take a look at six penny stocks that are currently trading on BSE and NSE.
Six penny stocks in India
Here are six penny stocks that are currently trading on BSE and NSE as of today:
They are all based in India and operate in different sectors of the economy. Here is a brief overview of each company:

- Suzlon Energy Ltd.: This company is engaged in the renewable energy sector, mainly wind power. It has a market capitalization of INR 2,500 crore and a current price of INR 17.60. It has a 52-week high of INR 18.55 and a 52-week low of INR 5.421. It was founded in 1995 and is one of the leading global renewable energy solution providers. It has installed over 20.1 GW of wind energy in 17 countries across six continents2. It also offers solar power and hybrid solutions. Its vision is to power a greener tomorrow2.

- South Indian Bank: This is a private sector bank that offers various banking and financial services. It has a market capitalization of INR 3,000 crore and a current price of INR 22.50. It has a 52-week high of INR 23.70 and a 52-week low of INR 7.701. It was established in 1929 and is one of the earliest banks in South India3. It has a network of over 900 branches and over 1,300 ATMs across the country4. It provides personal banking, corporate banking, NRI banking, digital banking, and other products and services to its customers4. Its mission is to be a top-class bank to achieve sustained growth and profitability3.

- Reliance Power: This is a power generation and coal resources company. It develops, constructs and operates power projects and coal mines. It has a market capitalization of INR 4,300 crore and a current price of INR 15.15. It has a 52-week high of INR 25 and a 52-week low of INR 9.051. It was incorporated in 1995 and is a part of the Reliance Group5. It has a portfolio of over 33,000 MW of power generation capacity, both in operation and under development6. It produces electricity from various sources, such as coal, gas, solar, wind, and hydroelectricity6. Its vision is to create world class digital experiences to connect and inspire every Indian to build a better tomorrow7.

- UCO Bank: This is a public sector bank that provides various banking and financial services. It has a market capitalization of INR 17,000 crore and a current price of INR 27.90. It has a 52-week high of INR 38.15 and a 52-week low of INR 10.951. It was founded in 1943 in Kolkata and is an undertaking of the Government of India8. It has over 3,000 service units across India and overseas branches in Hong Kong and Singapore9. It offers retail banking, corporate banking, international banking, rural banking, treasury operations, and other services to its customers9. Its vision is to emerge as the most trusted, admired and sought-after world class financial institution8.

- Vodafone Idea: This is a telecom service provider that offers mobile, broadband, and digital services. It has a market capitalization of INR 20,000 crore and a current price of INR 7.25. It has a 52-week high of INR 10.10 and a 52-week low of INR 5.701. It was created on August 31, 2018 by the merger of Vodafone India and Idea Cellular to form the largest mobile network operator in India with over 221 million subscribers as of June 20231011. It operates under the brand name Vi (stylised as V!) since September 2020121314. It provides voice and data services across 2G, 3G, 4G, LTE Advanced, VoLTE, VoWiFi platforms across the country.

- Bank of Maharashtra: This is another public sector bank that offers various banking and financial services. It has a market capitalization of INR 22,000 crore and a current price of INR 30.55. It has a 52-week high of INR 36.25 and a 52-week low of INR 15.80 1 . It was established in 1935 in Pune and is an undertaking of the Government of India 16 . It has over 900 branches and over 1,200 ATMs across the country 17 . It provides personal banking, corporate banking, international banking, digital banking, and other products and services to its customers 17 . Its vision is to create world class digital experiences to connect and inspire every Indian to build a better tomorrow 16 .
These are some of the penny stocks available in BSE and NSE as of today. However, please note that these stocks are subject to frequent price fluctuations and may not be suitable for all investors. Therefore, before investing in any penny stock, you should do your own research, analysis, and risk assessment.
Conclusion
Penny stocks are stocks of companies that trade at very low prices, usually less than INR 10. They are often considered risky and speculative, as they have low liquidity, high volatility, and limited financial information. However, some investors may find them attractive, as they offer the potential for high returns in a short period of time.
In this blog post, I have introduced you to six penny stocks that are currently trading on BSE and NSE in India. I have also provided you with some basic information about each company, such as its market capitalization, current price, 52-week high and low, and business sector. I hope this blog post has helped you learn more about penny stocks in India and sparked your interest in exploring this topic further.
If you have any questions or comments about this blog post or penny stocks in general, please feel free to leave them below. I would love to hear from you and engage with you on this topic.
Sources
The information that I have used to write this blog post is based on the web search results that I have obtained from a reliable and credible source: Moneycontrol.com. This is a website that provides live stock market updates, news, analysis, and data for Indian and global markets.
In addition to Moneycontrol.com, I have also used the official websites of each of the six companies that I have discussed in this blog post. These are:
- Suzlon Energy Ltd.: Suzlon.com
- South Indian Bank: Southindianbank.com
- Reliance Power: Reliancepower.co.in
- UCO Bank: Ucobank.com
- Vodafone Idea: Myvi.in
- Bank of Maharashtra: Bankofmaharashtra.in
These websites provide detailed and authentic information about the products, services, projects, vision, and corporate governance of each company.
Furthermore, I have also used some other websites that provide additional information and analysis on various aspects of the business and finance sectors in India and globally. These are:
- Bankbazaar.com : This is a website that provides comprehensive banking and financial information, news, analysis, and data for Indian and global markets.
- Powersector.in: This is a website that provides detailed information and analysis of various power sector companies in India.
- Business-standard.com : This is a website that provides business news, insights, and opinions on various sectors and companies in India.
- Gadgetsnow.com: This is a website that provides technology news, analysis, data, and insights for Indian and global markets.
- Exchange4media.com: This is a website that provides digital marketing news, analysis, data, and insights for Indian and global markets.
- Telecomtalk.info: This is a website that provides telecom news, analysis, data, and insights for Indian and global markets.
- Trak.in: This is a website that provides telecom regulatory news, analysis, data, and insights for Indian market.
These websites provide relevant and useful information and analysis on various topics related to the business and finance sectors in India and globally.
I hope you have found this blog post informative and helpful. If you have any questions or comments about this blog post or penny stocks in general, please feel free to leave them below. I would love to hear from you and engage with you on this topic.