Top 5 Best Stocks Under 20 Rupees to Invest in 2024: Through today’s post, we will share with you information about 5 such stocks whose price is less than Rs 20, but this stock can be successful in giving good returns in the coming 10-15 years.
If you also want to invest some part of your savings in penny stock, and you are looking for such a stock, whose current price is less than 20 rupees, then today’s post can be very useful for you.
In this post, we will list only those stocks whose current price is less than Rs.20, but the fundamentals of the company are good and the business of the company will grow with time.
But before proceeding further in the post, let us tell you that investing in penny stocks is risky, but even if you want to take the risk, buy only a few shares, never invest your entire savings in buying penny stocks, otherwise You can be a victim of financial problem.
Top 5 Best Stocks Under 20 Rupees to Invest
| Stock | Current Price | Market Cap. |
|---|---|---|
| Syncom Formulations India Ltd | 7.60 | 701.27 Cr. |
| Aakash Exploration Services Ltd | 6.55 | 66.32 Cr. |
| One Point One Solutions Ltd | 15.95 | 300 Cr. |
| Jaiprakash Power Ventures Limited | 6.75 | 4690 Cr. |
| Steel Exchange India Ltd | 12.30 | 1०80 Cr. |
1. Syncom Formulations India Ltd
Syncom Formulations India Ltd is in business of pharmaceutical formulations. This company was started in 1985 AD and its headquarter is located in Mumbai, India
As per the current report Syncom Formulations India Ltd employs more than 735 employees and has a total market cap of around 751 crores.
This share is listed in both BSE and NSE stock exchange in India stock market, whose current price is running around Rs.7.60.
Last year it saw a growth of 2.94% in its revenue, whereas the company suffered a loss of 36.11%, the total loss amounting to 3.59 crores.
But the company is working in this business sector, its competition is very less, that’s why if the company works well with a good management and makes its own strategy, then growth will definitely be seen in its business.
By the way, investing in Syncom Formulations India Ltd is very risky, but if you want to invest in penny stock, then you can buy some shares of this company for your portfolio.
2. Aakash Exploration Services Ltd
Aakash Exploration Services Ltd mainly provides service in the field of Oil and Gas and its headquarter is located in Ahmedabad, Gujarat.
At present, the total market cap of this company is around 65 crores and its shares seem to be trading between 6 to 7 rupees in the Indian stock market.
This company was started in the year 2007, at present its Managing Director is Vipul Haria.
The company’s revenue is now showing a gradual growth, which is a good sign and the company is also earning profits.
Investing in this stock can be a good option for a long time, but you should not buy in large quantity.
3. One Point One Solutions Ltd
One Point One Solutions Ltd is a Business Management Service Provider company that offers a variety of services to businesses such as Contact Center service, Back-office service, Finance and Accounting Service etc.
It can also be seen as an IT company, this company was started in 2008 and its current market cap is around Rs 300 crores, it is a small cap stock.
The fundamentals of this company are very good, due to which we can see huge growth in its business in the coming years, so if you are making a better portfolio for yourself, then you must buy some shares of this company.
4. Jaiprakash Power Ventures Limited
Jaiprakash Power Ventures Limited’s business is related to Power sector. This company was established in the year 1994 AD which comes under Jaypee Group.
At present, the total market cap of this company is Rs 4690 Cr and its share is trading between Rs 6 to 7 in the Indian stock market.
More than 1942 employees are working in this company. This company is also known as JPPOWER, it is a profits making company, whose last year’s profits have been around 75.42 crores.
This company is expanding its business in the power sector and has formed a good management team for this, who are trying to grow their business very fast by working on new ideas.
If you are looking for penny stock in power sector then you must buy some shares of this company.
5. Steel Exchange India Ltd
Steel Exchange India Ltd company manufactures products made of steel, in simple words we can say that it does business related to steel.
This company was started in 1999 AD, at present about 1074 employees are working in this company.
The total market cap of Steel Exchange India Ltd is Rs 1080 Crore and at present its share is seen trading between Rs 12 to 13 in the Indian stock market.
This company is adding many new products to its inventory to increase its business, the benefits of which will definitely be seen in its business.
If you are thinking of investing in penny stock, then Steel Exchange India Ltd company can also be a good option.
Read Also- Top 5 Best Stocks under 10 Rupees to Invest in 2024
Conclusion
Through today’s post, we have shared detailed information about Top 5 Best Stocks Under 20 Rupees to Invest in 2024 with you.
The purpose of this post is only to share information with you, if you are thinking of investing, then you must do technical and fundamental analysis of stocks or must consult your financial advisor.
If you like the information given in the post, then do share this post with your friends.
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