Top10 Best Penny Stocks in 2024 : Today we will all know which stocks are fundamentally strong and what is its market cap, stocks P/E ,Book value , and howe will be the growth of the stocks in the future. For detailed information and analysis of the stocks ,stay tuned in this Blog.
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Top10 Best Penny Stocks in 2024
Top10 Best Penny Stocks in 2024
Top10 Best Penny Stocks in 2024
Alok Industries
Alok Industries incorporated in 1986 and its most engagements is in cotton and polyester clothes manufacturing and distributing across the countries, It was overtaken by Reliance Industries with 40.10% stake.
| Market Cap | Book Value | Dividend Yield | ROCE | ROE | Face Value |
| ₹ 13,481 Cr | -38.09 | 0.00% | -6.86% | NILL | ₹ 1.00 |
Infibeam Avenues
Infibeam Avenues ltd incorporated in 2017 , Infibeam Avenues business engagement with E-gateway payments ,software development ,web development ,E-commerce services with banks and private companies .
| Market Cap | Stock P/E | Book Value | ROCE | ROE | Dividend Yield |
| ₹ 9,433 Cr | 65.00 | ₹ 11.06 | 5.53% | 4.09% | 0.15% |
Reliance Power
Reliance power is engaged in big projects like hydroelectric power projects and renewable energy projects. Its capacity is approximately ₹5945 MW electricity and from renewable energy produce 185 MWh of energy. It also trade in India and outside in India .
| Market Cap | Book Value | Dividend Yield | ROCE | ROE | Face value |
| ₹ 7,775 Cr | ₹ 34.03 | 0.00% | 3.42% | -11.8% | ₹ 10.00 |
Indian Overseas Bank
Indian Overseas Bank was incorporated in 1937 by Chidambaram Chettyar, currently Indian Overseas Bank operates 3200 branches including 3100 ATMs across India , Including rural and urban areas. It has many branches in Hong Kong, Singapore, Bangkok , Colombia.
| Market Cap | Stock P/E | Book value | ROCE | ROE | Dividend Yield |
| ₹ 1,15,275 Cr | 46.2 | ₹ 13.4 | 4.53% | 8.69% | 0.00% |
Bank of Maharashtra
Bank of Maharashtra provides banking services, It has many branches not only in Maharashtra but in all the state and it puts a lot of emphases on retail banking operations and corporate banking .
| Market Cap | Stock P/E | Book value | ROCE | ROE | Dividend Yield |
| ₹ 41,284 Cr | 11.2 | ₹ 23.5 | 4.44% | 17.4% | 2.23% |
GMR Infra
GMR Infrastructure mainly involved in Airports development , Airports Infrastructure ,Developments in Highways and its maintenance. The company was incorporated in Andhra Pradesh in 1996,Earlier its name was Varalakshmi Vasavi Power Projects. Later in1999 it was changed to GMR Vasavi Infrastructure finance and finally in2000 its name was changed into GMR Infrastructure .
| Market Cap | Stock P/E | Book value | ROCE | ROE | Dividend Yield |
| ₹ 47,111 Cr | nil | ₹-1.66 | 4.49% | % | 0.00% |
Jai Prakash Power and Ventures
Jai Prakash Power and Ventures was incorporated in 1994, Most of its business involvement in coal mining , sand mining ,cement grinding , thermal power production and hydroelectric power generation.
| Market Cap | Stock P/E | Book value | ROCE | ROE | Dividend Yield |
| ₹ 10,691 Cr | 21.9 | ₹ 15.6 | 5.16% | 0.57% | 0.00% |
Radhika jewels
Radhika Jeweltech ltd was incorporated in 2016,If we talk about the business of Radhika Jeweltech ltd ,it mostly focuses on making diamond and gold Jewellery and its ornaments
| Market Cap | Stock P/E | Book value | ROCE | ROE | Dividend Yield |
| ₹ 735 Cr | 16.9 | ₹ 20.2 | 17.9 % | 14.8% | 0.32% |
Lloyds Steel Industries
The company’s business is in the manufacturing of steel products like steels band coils , steel rollers and steel set bars, And also trading iron & steels sets.
| Market Cap | Stock P/E | Book value | ROCE | ROE | Dividend Yield |
| ₹ 3,804 Cr | 29.9 | ₹ 11.3 | 6.63% | 5.82% | 0.33% |
Yes Bank
Yes bank ,Incorporated in 2003, provides banking and finance services. It provides full services of commercial banking . Yes Bank banking sectors and branches in almost every state and city.
| Market Cap | Stock P/E | Book value | ROCE | ROE | Dividend Yield |
| ₹ 67,456 Cr | 65.9 | ₹ 13.8 | 4.94% | 1.99% | 0.00% |
Top10 Best Penny Stocks in 2024
FAQ :
- Can we buy and sell penny stocks in same day ?
- Yes ! we can buy and sell penny stocks in same day.
- What is penny stocks ?
- Which company less then ₹ 10 crores market cap and its value then its called penny stock.
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