Top 10 penny stock in india 2022
Are you searching for the top 10 penny stock in India 2022? If yes, then we can help you out with that. The list of the top 10 penny stocks in India has been compiled after analyzing both the past and present performance of these stocks. Penny stocks are risky, and they can be a great source of profits as well. But, there’s nothing riskier than investing in penny stocks. The volatility that most penny stocks experience on a daily basis is enough to frighten the most daring investor away. However, if you know what you’re doing, there are a lot of opportunities to make money by investing in these risky little companies.
Before you invest in penny stocks, you need to understand what they are and how they work. Although the risk involved with investing in penny stock is high, the potential for returns is also equally high.
This article will help you understand what penny stocks are and why you should invest in them. It will also provide you with the top 10 penny stocks to invest in, looking to make money from these stocks.
Penny stocks are also known as micro-cap stocks because of their very small price range. They have a market capitalization that generally ranges from $50 million to $300 million. Because of this, they are priced very cheaply compared to larger company stocks which makes them affordable for almost any investor.
Here are some major things which make them worthy to be listed on this list.
Top 10 penny stock in india 2022
- Indoco Remedies
- Ranbaxy Laboratories
- JB Chemicals & Pharmaceuticals (JBCL) (Formerly known as Johnson & Johnson)
- Morepen Laboratories (MPL)
- Commercial Engineers & Body Builders Co Ltd (CEBL)
- Zydus Wellness Limited (ZWL)
- Bharat Gears Limited
- VST Industries Limited
- Balmer Lawrie and Company Limited
- Escorts Limited
1. Indoco remedies
Indoco Remedies Ltd is an Indian pharmaceutical company. It was founded in 2018, and it produces generic pharmaceutical products under the brand name Indoco Remedies. The company has its headquarters in Ahmedabad, Gujarat, India. Its manufacturing facility is located in Ahmedabad along with its R&D center and a sales office there as well.
Indoco Remedies Ltd has two manufacturing plants: one at Damanjodi village near Visnagar town (34 km) from Ahmedabad city and another one at Fatehabad district of Haryana state (200 km from Delhi).
2. Ranbaxy Laboratories
Ranbaxy Laboratories Ltd (Formerly Ranbaxy Laboratories Ltd) is an Indian pharmaceutical company, headquartered in Gurgaon, Haryana, India. The company was founded by Vincent P. DeGiorgio and his brother Leo W. DeGiorgio in 1962 as a small pharmaceutical store in New York City’s West Side. In 1967 they opened their first manufacturing plant at Salalah. It has since then expanded to become one of the largest generic manufacturers in the world.
In June 2011 it was reported that Ranbaxy Laboratories had been hit by allegations of falsification of data related to its anti-diabetic products, which led to investigations being launched by various regulatory agencies including the FDA & Health Canada.
3. JB Chemicals & Pharmaceuticals
JB Chemicals & Pharmaceuticals (JB) is a company that manufactures and markets pharmaceutical products. It is a subsidiary of Zydus Cadila, an Indian multinational healthcare company. The company has its headquarters in Ahmedabad, Gujarat, India, and was founded by Jamnadas Bajaj in 1887 as one of the first manufacturers of pharmaceuticals in India.
JB has gained popularity over the years due to its high-quality products—it produces over 150 different formulations each year. It sells these formulations through distributors across all major cities in India including Delhi NCR, Mumbai, Maharashtra, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, UP East, Bengal North Eastern States, West Bengal, Bihar Uttar Pradesh, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Goa, Rajasthan, Assam Manipur Meghalaya, Mizoram, Nagaland, Arunachal Pradesh, Sikkim, Tripura, Sikkim Mizoram Manipur Meghalaya, Arunachal Pradesh Nagaland, Arunachal Pradesh Assam.
4. More pen Laboratories
More pen Laboratories is a pharmaceutical company based in India. It is a subsidiary of Ranbaxy Laboratories, which was founded in 1994 by Shri Ram Swarup Gupta and his wife Dr. Ratna Prakash Gupta.
More pen Laboratories manufactures generic pharmaceutical products for the Indian market and exports them to other countries as well, including the US and Europe (where it has offices). The company’s products include antibiotics; antiepileptics; cardiovascular pharmaceutical products; diabetes treatments; hormones & fertility medicines; immunology & allergy medications, etc.,
5. Commercial Engineers & Body Builders Co. Ltd
Commercial Engineers and Body Builders Company is a manufacturer of plastic and rubber products. The company has a network of over 100 dealers, distributors, and agents across India. The company’s products include plastic pipes, rubber , plastic valves, plastic tanks etc., which are used in various industries like construction & civil engineering; petrochemical; oil & gas exploration (wellhead).
The company was incorporated on July 24th, 1993 under the Companies Act 1956 with an authorized capital of Rs 10 lakhs by Mr. Nandkishore Sharma as its first managing director (MD). Since then it has grown into one of the top ten listed companies on NSE with share price above Rs 200/- per share currently
6. Zydus Wellness Limited
Zydus Wellness Limited is an Indian pharmaceutical company based in Ahmedabad, Gujarat, India. It was founded by the Zydus Group in 1987. The company offers over 1000 products across therapeutic segments including pain management and anti-diabetic pharmaceutical products as well as cosmetics and personal care items.
The firm has been ranked among India’s best 50 companies by Forbes India in its list of “Top 50 Most Innovative Companies” for 2018.
7. Bharat Gears Limited
Bharat Gears Limited is a manufacturer of automobile components. It is the flagship company of the Bharat Group, which also includes companies such as Bharat Forge and Tractor & Engine (T&E). The company’s main products include power trains, axles, and transmission systems.
The company has three manufacturing facilities in India and one in South Africa.
8. VST Industries Limited
VST Industries Limited is an Indian company engaged in the manufacturing of automotive components, industrial machinery, and construction equipment. It was incorporated in 1968 as a public limited company. The company’s major business divisions include metal stampings, machining, and assembly, welding & fabrication of metal products, etc., which are exported to over 60 countries worldwide including Europe, America & the Middle East, etc.
The company has been listed on BSE since December 1998 with an open market capitalization of Rs 938 crore (m). It had a total turnover (TT) of Rs 1,443 crore during FY’19 compared to TT of Rs 459 crore during FY’18
9. Balmer Lawrie and Company Limited
Balmer Lawrie and Company Limited (BLCL) is a leading manufacturer of textile machinery and equipment in India. The company is headquartered in Mumbai, Maharashtra, with distribution centers across India.
The company was established in 1882 by Arthur Balmer, an entrepreneur who started his career as an accountant before becoming a successful businessman by founding BLCL. In 1896 he took over the mills from his father James Mathewson who had established them among other ventures such as shipping lines and hotels; these became known as “Balmer Mills” which later were renamed to BLCL after Arthur’s death on January 10th, 1906 at age 89 years old when control passed onto his son Albert Edward who took over management duties until 1930 when he died too leaving behind two sons – Kenneth Stuart who succeeded him after managing operations till 1966 then went back into private life while Philip Stuart took over until 1989 when Peter Stuart inherited control through inheritance laws then resigned due to ill health leaving behind one son Christopher (who inherited ownership).
10. Escorts Limited
Escorts Limited is a leading automotive components manufacturer in India. The company manufactures a range of automotive components, including engines, transmissions, axles, and chassis. It has a strong presence in the diesel engine market.
Escorts Limited was incorporated under the Companies Act 1956 on 12th January 1957 and commenced its operations as an ISO 9001 certified organization since its inception in 1961 with manufacturing facilities at Chennai (Chennai), Mumbai (Mumbai) & Pune (Pune). Today it has more than 500 employees across its three plants spread over 6 acres of land area in Chennai & Mumbai respectively with a total annual production capacity of 60 lakh units per annum.
All the above companies are penny stocks, which means that they are overvalued and underperforming. The market has seen better days for these stocks, but if you want to invest in them now then here’s what we recommend:
If you have some extra cash lying around, go ahead and buy some shares of your favorite company. At this point, it’s not worth trying to find new opportunities or picking up obscure ones; just focus on getting some exposure to their business model so that when things start looking up again (hopefully soon), you’ll be ready!
Also, Read –Top 10 Best Finance Websites for Stock Market
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