If you are searching for the best stocks to buy under ₹100 in India today, then you’re in the right place. Many small investors have an ambition of finding low-cost penny stocks that can grow big in the future.
Let’s dive in and explore the Best Stocks to Buy Under ₹100 in India Today Top 6 Penny Shares, which are carefully selected by experts based on their future growth potential.
We will also understand why some investors like penny shares, the risks included, and how you can invest smartly.
Why Invest in Penny Stocks Under ₹100?
Penny stocks are shares that mainly trades for less than ₹100. These are mostly from smaller companies that have a big possibility of growth in the future. So, why do most investors look at penny stocks?
- Low investment needed: You don’t need a big amount of budget to start your investments.
- High return chances: If the company grows, your invested money could grow much faster with very high returns.
- Adds variety to your portfolio: Including a few penny stocks in your portfolio can boost returns when chosen wisely and smartly.
But always keep in mind that not all cheap stocks are good. Always look into the company’s financial, future outlook, and management quality before investing.
Best Stocks to Buy Under ₹100 in India Today Top 6 Penny Shares by experts.
Here are 6 promising penny stocks under ₹100 that experts are currently suggesting:
1. South Indian Bank (₹33 to ₹35)
This is a private bank that is making a comeback. The bank has worked on decreasing bad loans and improving profits. It’s also going digital, which is really good for growth in future.
For those who are looking for banking penny stocks under ₹100, this one catches the eye.
2. Suzlon Energy (₹47 to ₹52)
Suzlon is one of India’s top renewable energy source companies. It has lowered its debt and received new orders for wind energy projects.
With India aiming more on green energy, Suzlon is one of the top penny stocks under ₹100 to watch.
3. IDFC First Bank (₹85 to ₹95)
This bank is rising fast, especially in the retail banking sector. Profits are rising, and loan quality is improving with time. Analysts believe its solid digital push in the market will help it grow even more.
It’s an ideal option if you are searching for growth stocks under ₹100.
4. Yes Bank (₹20 to ₹23)
This bank went through a crisis a few years ago, but it’s slowly making a comeback in the market. Big institutions have supported it, and the essentials are improving with time.
It’s a high-risk, high-reward penny stock, so make sure to invest only if you can handle the market ups and downs.
5. NHPC Limited (₹80 to ₹90)
NHPC Ltd. is a government-backed company in the field of hydroelectric sector. Its revenue and profits are steady, and it pays regular dividends.
With India’s focus on clean energy rising day-by-day, NHPC is a safer penny stock under ₹100 for those who prefer less risk.
6. JP Power Venture (₹13 to ₹15)
This company works in both hydroelectric and thermal power plants. It’s working to decrease debt and improve operations.
As India’s power demand keeps increasing, this penny stock under ₹20 could offer the best upside in the future.
Important Things to Know Before Investing in Penny Stocks
- Do Your Own Research (DYOR): Before you invest in penny stocks under ₹100, make sure to check the company’s profits, debts, promoter track record, and recent updates.
- Don’t put all eggs in one bucket: Always spread your investments across different stocks, which is called diversification.
- Think long term: Penny stocks take time to grow in the market. That is why you may need to wait a few years for good returns.
- Check trading volume: Only invest in stocks that have regular buyers and sellers.
- Follow the new: Make sure to stay updated on company results, leadership changes, and sector trends.
Final Thoughts
The best penny stocks under ₹100 in India are difficult to find, but it’s possible with the right approach. The 6 penny stocks listed above are getting noticed by experts for their growth potential in the market.
But remember, no stocks come with confirmed returns in the future. That’s why only invest if you are okay with taking risks during market ups and downs.
Stay patient, do your own research, and always aim for long-term profits. If you’re not sure, then it’s a good idea to talk to a financial advisor before investing.
FAQs
Are penny stocks under ₹100 safe to invest in?
Penny stocks are always risky because their prices can go up and down in the market sharply. Make sure to invest only after proper research.
Can I become rich by investing in penny stocks?
Some penny stocks turn into multi-baggers, but most do not. If you choose the right stock and stay invested for the long-time, there’s a chance.
How much should I invest in penny stocks?
Experts recommend putting only 5 to 10% of your total investment into penny stocks because they are a riskier option to choose than regular ones.
Where can I check the latest price of stocks under ₹100?
You can check live prices on the NSE or BSE websites, broker apps like Zerodha or Groww, on the platform of financial news.
Should beginners invest in penny stocks?
It’s better to start with safer and strong companies by first learning the basics, and then explore penny stocks slowly.