Penny Stocks List Traded in India on NSE for 2017

Penny stocks are highly infamous amongst the active traders. People often fall for these stocks and then finally realize that these stocks are worthless. Penny stocks are gaining good ground in Indian stock market, as fresh inflows and liquidity driving the market higher and higher. After going through 1700+ stocks in NSE, we have compiled a list of penny stocks that are traded on NSE (National stock exchange.

Penny stocks below Rs.10:

1. 3IINFOTECH
2. ADHUNIK
3. ALOKTEXT
4. ALPSINDUS
5. ANKITMETAL
6. ASIL
7. ASSAMCO
8. AUSTRAL
9. BAGFILMS
10. BHANDARI
11. BILENERGY
12. BILPOWER
13. BLBLIMITED
14. BLUECHIP
15. BSELINFRA
16. BSLIMITED
17. CASTEXTECH
18. CCCL
19. CENTEXT
20. CHROMATIC
21. COUNCODOS
22. CREATIVEYE
23. CYBERMEDIA
24. DBSTOCKBRO
25. EASTSILK
26. ESL
27. EUROCERA
28. GAMMNINFRA
29. GANGOTRI
30. GEMINI
31. GENUSPAPER
32. GREENFIRE
33. GREENPOWER
34. GTLINFRA
35. GUJNRECOKE
36. GUJNREDVR
37. GVKPIL
38. HANUNG
39. HINDMOTORS
40. HOTELRUGBY
41. ICSA
42. IMPEXFERRO
43. INDOSOLAR
44. INDSWFTLTD
45. INFOMEDIA
46. IVRCLINFRA
47. JAIHINDPRO
48. JAYNECOIND
49. JIKIND
50. JPPOWER
51. JYOTISTRUC
52. KAUSHALYA
53. KGL
54. KSERASERA
55. LGBFORGE
56. LITL
57. LPDC
58. LSIL
59. MAGNUM
60. MANAKCOAT
61. MOSERBAER
62. MVL
63. NAGAROIL
64. NAKODA
65. NET4
66. NITESHEST
67. NOESISIND
68. NORBTEAEXP
69. NTL
70. NUTEK
71. OISL
72. OPTOCIRCUI
73. PARABDRUGS
74. POCHIRAJU
75. PRAKASHCON
76. PRAKASHSTL
77. PROVOGE
78. PSL
79. PVP
80. RAINBOWPAP
81. RAJOIL
82. RAJRAYON
83. REIAGROLTD
84. ROHITFERRO
85. RTNINFRA
86. RTNPOWER
87. SAMBHAAV
88. SAMTEL
89. SANWARIA
90. SELMCL
91. SERVALL
92. SEZAL
93. SHARONBIO
94. SHYAMCENT
95. SITASHREE
96. SMPL
97. SPCENET
98. SPENTEX
99. SPYL
100. SRSLTD
101. STERLINBIO
102. SUJANAUNI
103. SUNDARAM
104. SUPREMETEX
105. SURANAT&P
106. SYNCOM
107. TECHIN
108. TIJARIA
109. TRICOM
110. TTML
111. TULSI
112. UMESLTD
113. UNITECH
114. UNITY
115. VASWANI
116. VIJIFIN
117. VISESHINFO
118. VISUINTL
119. VIVIDHA
120. WINSOME
121. WSI
122. XLENERGY
123. ZENITHBIR
124. ZYLOG

You will need to check the charts of these stocks. If the stock has given a breakout then buy positions can be taken. Otherwise, just wait and watch. Since these stocks are not actively traded, liquidity and cost of trading can be significantly high. It is therefore advised to check the best bid / best offer before executing a trade.

Penny stocks usually move when a high-value order is punched, with single order stocks can hit upper circuit. When trading penny stocks always keep in mind never build a huge position in any of these stocks. If the market decided to move in opposite direction then losses can also magnify.

Final thoughts:

Penny stocks need to be considered cautiously, as one can lose more money when compared to midcap stocks. Also, confirm with your stockbroker, charges such as brokerage and demat charges could cost you higher for these type of holdings. However, those stocks which have given a nice breakout with some news. Can be considered low-risk stocks.

The post Penny Stocks List Traded in India on NSE for 2017 appeared first on OurNifty.com.