- 13 Nov 2024
- 3 mins read
- By: BlinkX Research Team
Here is a comprehensive list of NSE/BSE penny stocks priced under 20 Rs, sorted by market capitalization. These stocks are generally low-cost and often represent small or emerging companies. While they present opportunities for competitive returns, they also come with potential risks.
List of Stocks Under 20 Rs
Stock Name | Segment | CMP ₹ 13th Nov 24) | Market Cap in Cr ₹ (13th Nov 24) | P/ERatio | 52 Week High | 52 Week Low |
Yes Bank Ltd | Bank - Private | 19.29 | 61,913 | 34.65 | 32.85 | 18.15 |
Vodafone Idea Ltd | Telecommunication - Service Provider | 7.47 | 53,460 | -1.79 | 19.18 | 7.58 |
Jaiprakash Power Ventures Ltd | Power Generation/Distribution | 16.86 | 11,856 | 9.15 | 24.00 | 12.25 |
RattanIndia Power Ltd | Power Generation/Distribution | 13.09 | 7,362 | 0.72 | 21.10 | 7.90 |
Hathway Cable & Datacom Ltd | Cable & D2H | 18.47 | 3,324 | 32.95 | 27.95 | 17.88 |
Salasar Techno Engineering Ltd | Engineering - Industrial Equipments | 16.75 | 2,873 | 55.68 | 33.95 | 9.11 |
Media Matrix Worldwide Ltd | Film Production, Distribution & Entertainment | 19.26 | 2,263 | 399.60 | 27.50 | 14.11 |
Dish TV India Ltd | Cable & D2H | 11.90 | 2,241 | -1.13 | 26.05 | 12.08 |
Orient Green Power Company Ltd | Power Generation/Distribution | 17.70 | 2,174 | 80.57 | 31.88 | 16.57 |
Rama Steel Tubes Ltd | Auto Ancillaries - Castings/Forgings | 12.77 | 2,036 | 68.95 | 17.51 | 9.91 |
Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices.
Table of Contents
- List of Stocks Under 20 Rs
- An Overview of Stocks Under 20 Rs
- Factors To Consider Before Investing in Shares under ₹20
- Advantages of Investing in stocks below ₹20
- Risks of Investing in the Stocks Under ₹20
An Overview of Stocks Under 20 Rs
1. Yes Bank Ltd
About the Company: Yes Bank is a private sector bank in India, offering a wide range of financial services, including retail and corporate banking, investment banking, and wealth management. It aims to provide innovative banking solutions to its diverse customer base.
Get more details about Yes Bank Ltd share price today here.
Know the Yes Bank Ltd share price history here.
2. Vodafone Idea Ltd
About the Company: Vodafone Idea Ltd is one of India’s leading telecom service providers, formed from the merger of Vodafone India and Idea Cellular. It offers mobile voice, data services, and various digital solutions to millions of subscribers across the country.
Get more details about Vodafone Idea Ltd share price today here.
Know the Vodafone Idea Ltd share price history here.
3. Jaiprakash Power Ventures Limited
About the Company: Jaiprakash Power Ventures Ltd is a key player in the Indian energy sector, primarily engaged in the generation of hydroelectric power. With a focus on renewable energy sources, the company operates multiple power plants across the country. It aims to contribute to sustainable development through efficient energy production.
Get more details about Jaiprakash Power Ventures Limited share price today here.
Know the Jaiprakash Power Ventures Limited share price history here.
4. RattanIndia Power Limited
About the Company: RattanIndia Power Ltd is a prominent Indian power generation company that specializes in thermal power projects. With a commitment to innovation and sustainability, the company aims to provide reliable electricity to meet the growing energy demands. It operates power plants equipped with modern technology for enhanced efficiency.
Get more details about RattanIndia Power Ltd share price today here.
Know the RattanIndia Power Ltd share price history here.
5. Hathway Cable & Datacom Ltd
About the Company: Hathway Cable & Datacom Ltd is a leading Indian cable television and broadband service provider, offering a wide range of digital TV and high-speed internet solutions. With a focus on enhancing customer experience, the company leverages advanced technology to deliver quality entertainment and connectivity.
Get more details about Hathway Cable & Datacom Ltd share price today here.
Know the Hathway Cable & Datacom Ltd share price history here.
6. Salasar Techno Engineering Limited
About the Company: Salasar Techno Engineering Ltd is an engineering and construction firm that focuses on steel structures and solutions for various sectors, including power, telecom, and infrastructure. The company prides itself on delivering high-quality engineering services and products. It aims to support India's infrastructure development through innovative and sustainable practices.
Get more details about Salasar Techno Engineering Ltd share price today here.
Know the Salasar Techno Engineering Ltd share price history here.
7. Media Matrix Worldwide Ltd
About the Company: Media Matrix Worldwide Ltd is a global media and communications company specializing in delivering innovative advertising and marketing solutions. With a focus on digital transformation, they help brands connect with audiences across multiple platforms. Their expertise spans content creation, media buying, and data-driven strategies for measurable impact.
Get more details about Media Matrix Worldwide Ltd share price today here.
Know the Media Matrix Worldwide Ltd share price history here.
8. Dish TV India Ltd.
About the Company: Dish TV India Ltd is a leading direct-to-home (DTH) television service provider, offering a wide range of channels and content to subscribers across India. The company is known for its innovative technology and customer-centric services, making entertainment accessible to millions. Dish TV continuously expands its offerings to enhance viewer experience.
Get more details about Dish TV India Ltd share price today here.
Know the Dish TV India Ltd share price history here.
9. Orient Green Power Company Ltd.
About the Company: Orient Green Power Company Ltd is a renewable energy company focused on generating sustainable power through wind and biomass resources. It aims to contribute to India's green energy initiatives while providing clean electricity to various sectors.
Get more details about Orient Green Power Company Ltd share price today here.
Know the Orient Green Power Company Ltd share price history here.
10. Rama Steel Tubes Ltd.
About the Company: Rama Steel Tubes Ltd is a manufacturer of steel tubes and pipes, serving various industries including construction, automotive, and furniture. The company is committed to producing high-quality products with stringent quality control measures. With a focus on sustainability, Rama Steel Tubes aims to meet the evolving needs of its clients.
Get more details about Rama Steel Tubes Ltd share price today here.
Know the Rama Steel Tubes Ltd share price history here.
Factors To Consider Before Investing in Shares under ₹20
Here are some factors that you should consider before investing in shares under ₹20:
- Company basics: The first factor to analyze is the company's financial health and fundamentals. Look for organizations with a solid financial sheet, solid revenue growth, and a bright future.
- Market circumstances: It should be considered before investing in any stock. Research current market trends, rivals, industry trends, and economic circumstances.
- Risk appetite: Investing in equities under ₹20 might be dangerous due to their high volatility. So, before making any investment, you should consider your risk tolerance and investing objectives.
- Diversify portfolio: Diversification is essential in every investing portfolio. Invest in a diverse range of equities from various sectors and businesses to reduce risk and increase rewards.
- Long-term investment: Investing in equities under ₹20 takes a long-term approach. The stock price may change in the near term, but if you have a longer time horizon, the stock has the potential to expand and provide larger profits.
Advantages of Investing in stocks below ₹20
Investing in companies under ₹20 might provide various advantages, including:
- Affordability: These equities are often seen as inexpensive, allowing investors with little funds to engage in the stock market. This accessibility allows people to construct a diverse financial portfolio.
- Higher Volatility: Equities priced below ₹20 are more volatile than higher-priced equities. While volatility can be risky, it also provides possibilities for possibly larger rewards. Investors who are ready to accept short-term price swings may benefit from the potential for large returns over time.
- Increased Liquidity: Stocks priced below ₹20 may also get attention from regular investors and traders seeking market opportunities. Increased trading activity can help to improve liquidity in certain equities, allowing investors to purchase and sell shares more readily.
Risks of Investing in the Stocks Under ₹20
Investing in the top gainers' shares for less than ₹20 may have substantial constraints. Let's look at some of them.
- Limited Information: Companies with stock prices less than ₹20 may not consistently publish appropriate information about their financial health and activities, potentially leading to investment decisions based on inadequate facts.
- Risk of Delisting: Companies with continuously low share prices are at a higher risk of delisting because they may fail to fulfill stock exchange minimum price standards.
- Susceptibility to Market Sentiment: Best stocks under ₹20 may be more vulnerable to market sentiment and speculative trading, resulting in unpredictable stock price changes unrelated to the company's fundamentals.
Conclusion
The stock market is volatile and unpredictable, requiring careful research and understanding of market dynamics. Investing in ₹20 stocks can be risky due to their association with small or emerging companies with limited track records. Consult a financial advisor before investing, and open a free Demat account with a reliable stock market app to explore various stocks in the market.
FAQs on Best Stocks to Invest Under Rs.20 in 2024
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