Top 5 Best and Popular Penny Stocks List of 2022

by Nikesh | Last Updated On October 27, 2022

List of Top 5 Best Popular Penny Stocks of 2022.

Here is List of Top 5 Best Popular Penny Stocks of 2022. These Penny Stocks can Give Higher Returns in Short Period and become Multibagger Stocks.

Best and Popular Penny Stocks

Table of Contents

What are Penny Stocks?

1 Penny is monetary unit equal to one hundredth of a Pound.
100 pennies, 20 nickels, 10 dimes, or 4 quarters = 1 Dollar.

Penny stocks are stocks of small companies with low market capitalization and stock price per share of less than $5. These Stocks generally trade via over-the-counter (OTC) transactions.

In India, Penny Stocks are those with share prices in between Rs. 1 to Rs 10 or even sometimes between Rs 20 to Rs 30.

These are illiquid stocks and are generally listed on Smaller Stock Exchanges in India.

Benefits of investing in Penny Stocks

The main benefit of investing in Penny Stocks is higher returns in short period and ability to become Multibagger Stock.

List of Top 5 Multibagger Penny Stocks to Buy in 2022

#	Stock	M Cap (2022) (Rs Cr)	CMP (Rs)	52-Week High (Rs)
1.	Suzlon Energy Ltd	6,950.00	6.35	13.10
2.	Jaiprakash Power Ventures Ltd	3,838.00	6.30	11.15
3.	South Indian Bank Ltd	1,549.00	7.80	12.65
4.	Shree Global Tradefin Ltd	893.00	7.30	10.45
5.	Syncom Formulations (I) Ltd	600.00	7.65	19.49

Top 5 Best and Popular Penny Stocks of 2022

1. Suzlon Energy Ltd

Suzlon Energy Ltd - One of the Best Penny Stock

Suzlon Energy Ltd [532667] is an Indian Multinational Renewable Energy Solutions Provider including Wind Turbines and Solar Energy. The company has its presence in 17 countries across Asia, Australia, Europe, Africa and America.

The Market capital of Suzlon Energy is Rs. 6950 Crore and Current Share Price of Rs. 6.35 per share (July 2022). With Growing Demand for Renewable and Green Energy, Stock of this Company is Expected to Grow in near future and it can even become a Multibagger Stock by the year 2025.

2. Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures

Jaiprakash Power Ventures Ltd [532627] is an Indian Power Company and incorporated on Dec 21, 1994. It is part of Jaypee Group. Jaiprakash Power currently operate the largest hydroelectric power plant in private sector in India.

The Market capital of Jaiprakash Power Ventures Ltd is Rs. 3,838 Crore and Current Share Price of Rs. 6.30 per share (July 2022). With Growing Power Demand and Industrialization, Stock of this Company is Expected to Grow in near future.

3. South Indian Bank Ltd

South Indian Bank Ltd

South Indian Bank Ltd [532218] is a Private Bank of India with 933 Branches, 4 Service Branches, 1 Extension Counter and 18 Regional Offices across India. This Bank has more than 1200 ATMs and 120 cash Deposit Machines all across India.

Market capital of South Indian Bank Ltd is Rs. 1,549 Crore and Current Share Price of Rs. 7.80 per share (July 2022). This stock has strong growth potential with solid fundamentals.

4. Shree Global Tradefin Ltd

Shree Global Tradefin Ltd

Shree Global Tradefin Ltd [512463] is an India based company that is engaged in trading of Iron and Steel. At present, Shree Global Tradefin operation are within in India. The Company was incorporated in 1986 as Bensol Steel Ltd and later renamed to Shree Global Tradefin Ltd.

Market capital of Shree Global Tradefin Ltd is Rs. 893 Crore and Current Share Price of Rs. 7.30 per share (July 2022). With growing demand for metals like iron and steel and increasing prices, this stock has strong growth potential with solid fundamentals.

5. Syncom Formulations (India) Ltd

Syncom Formulations (India) Ltd

Syncom Formulations (India) Ltd [524470] is a Pharmaceutical Company founded in 1985. The Company is a leading exporter to more than 25 countries. It is WHO-GMP approved and have ISO – 9001 certified plant.

Market capital of Syncom Formulations (India) Ltd is Rs. 600 Crore and Current Share Price of Rs. 7.65 per share (July 2022). With growing demands in the field of Pharmaceutical and Medicines, this stock has strong growth potential with solid fundamentals.

FAQs: Penny Stocks

What Penny Stocks Grow the Fastest?

To Evaluate Penny Stocks with Fastest Growing Potential, study following points about the Company:

Business Fundamental: Data such as Sales, Profit or Net worth are all visible. What is not visible is Business Fundamental. Any company with STRONG Business Fundamentals will always grow faster.
Retention and Reinvestment: How much profit is retained by the company and what part of the Profit is Reinvested. The more the Reinvestment, the Fastest the Company will Grow.
Demand: Estimate Future growth and Demand for the Product or Services offered by the Company.
ROE / ROC: Companies with Higher ROE / ROC are more likely to Grow Faster.

Which Share is Best Below 1 RS?

Consider above points to Evaluate Penny Stocks below Rs 1. Few Best Shares Below Rs. 1 are:

#	Stock	CMP
1.	Seven Hill Industries	0.98
2.	NCL Research and Financial Services Ltd	0.89
3.	Wagend Infra Venture Ltd	0.91
4.	Gemstone Investments Ltd	0.87
5.	Kretto Syscon Ltd	0.59

Can you get Rich Playing Penny Stocks?

Yes - With Proper Fundamental Analysis of a Company, if an investor is able to spot the right penny stock and buy at the Right Stock at Right Time and Right Price, then he can make a fortune and get rich.

Which Penny Stock has Potential?

I have already explained in FAQ-1. Stocks of companies with Strong Business Fundamental, Good Cash Retention and Reinvestment, Increasing Demand for Product or Services and Companies with Higher ROE / ROC are more likely to Grow Faster.

Conclusion

Penny Stocks are very volatile stocks. They can grow your investment in very short period or you lose your investment. So, please consult with your Financial Advisor before investing in such Stocks.