Financial trading is at a boom since lockdown. Many young Indian traders are trading online to have high profits. But such traders have less knowledge of the market and therefore, penny stocks are a good investment for them. 

Penny stocks are stocks that are traded at low price on stock exchanges. The Indian market has several penny stocks but we’ll be discussing the top 10 penny stocks in India 2022. 

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Penny Stocks in India

Penny stocks are traded at a low price in the market. Various stock exchanges offer such shares to make trading convenient for investors. The stocks are highly illiquid and have low market capitalization. 

The shares of such companies can be traded at less than Rs. 50 or they can be available at Rs.1 or less. Indian market traders are new to such stocks and have little information about it. 

Such stocks have potential to generate good returns for the traders. Below are the top ten penny stocks in India 2022: 

Vodafone Idea

Vodafone Idea (Vi) is an Indian telecom operator. The company is highly popular for its voice and data services. Formed under the partnership of Aditya Birla Group and Vodafone Group, the company is offering 2G,3G,4G and now 5G services. 

Suzlon Energy

Suzlon Energy is a Pune based company. It is a multinational wind turbine manufacturing company and offers some great services. The offering of a 360-degree solution package covers the entire spectrum of wind energy projects. 

Alok Industries

Alok industries is a penny stock company. A fully integrated textile company of India. The speciality of the company is cotton and polyester segments. The price of the stocks of the company is Rs.20.30. 

The stocks of the company have generated good returns for the traders. 

Jammu and Kashmir Bank Ltd.

Jammu and Kashmir Bank Ltd. is a banking sector company traders can invest in. The banking business offers a range of products and services. The share price of the company is volatile. 

The price keeps changing due to various factors and is a good penny stock to trade. 

Hemang Resources

Hemang resources is a Chennai based coal trading company. The company was initially incorporated as an NBFC but as of today it is only involved in coal and infrastructure business. 

The share price of the stock is minimal and traders can easily buy them. 

Indian Overseas Bank (IOB)

Indian overseas bank is a 1937 national bank. It is working under the Ministry of Finance and is based in Tamil Nadu. The Government of India holds 98% of its shares. Besides, the bank has its branches internationally in Singapore, Bangkok and Hong Kong. 

Bank of Maharashtra Ltd.

Banking sector in India is a good choice for traders to invest in penny stocks. The Bank of Maharashtra includes various services such as treasury, corporate/banking, retail banking and many other banking services. 

Traders can buy penny stocks and have good returns. 

DishTV India Ltd.

DishTV India Ltd. is a broadcasting and cable tv company. The rating of the company is good and traders can buy the penny stocks for earning good returns. The company rates among the best companies in direct-to-home cable services. 

Shares of the company have great value in the market and traders can buy the penny stocks easily. 

Trident

Trident company is a manufacturing company. The penny stocks of the company are good investment choices for traders. It manufactures yarn, linen and wheat straw based paper. 

Company has had strong growth over the years and can prove to be a profitable investment.  

TV18 Broadcast Ltd.

TV10 Broadcast Ltd. is a company that is backed by Reliance Group. The company has evident growth in the market and proves to be an excellent choice for penny stock trading. 

The company has been taking many initiatives to improve the share market. Thus, a good return for traders.

Conclusion

The article emphasizes on the most successful Indian penny stocks. Traders can consider them for 2022 investment and earn profits. Vodafone Idea, Hemang resources, Dish Tv and Indian overseas banks are some of the examples. 

Traders can find the most suitable one and invest in them easily.