Top 6 Penny Stocks In India Priced Under Re 1, Should You Invest?

Penny stocks priced under Re 1 are popularly known as ultra-penny stocks. The low price of these penny stocks let investors to park their funds without losing much money and make strong returns in case they turn out to be multibagger stocks. Multibagger stocks are those stocks that increases the investment of the investors multiple times. These penny stocks priced below Re 1 can also turn to zero and there is no surety that you will earn profits and earn returns. Check the top 6 penny stocks in India listed on BSE and priced under Re 1:

1. Excel Realty N Infra Ltd: Last trading price of the stock is Rs 0.39 apiece with 52-week high at Rs 0.69 apiece and 52-week low price is Rs 0.27 apiece, respectively. Market cap is Rs 55.02 crore. It gave 129% return in last 2-years, 550% return in last 3-years, and declined 40% in last 6-months.

2. ARC Finance: Its last trading price is Rs 0.67 apiece with 52-week high price quoted at Rs 3.32 apiece and 52-week low price quoted at Rs 0.60 apiece, respectively. Its market capitalisation is Rs 33.83 crore. The stock fell 76% in last 1-year, gave return of 76% in last 2-years, and a whopping 1575% return in last 3-years.

3. GTL Infrastructure Ltd: Last trading price of the stock is Rs 0.78 apiece. Its 52-week high price is Rs 1.84 apiece and 52-week price is Rs 0.64 apiece on BSE. It has a market capitalisation of Rs 988.35 crore. It fell 49% in last 1-year, 2% in last 2-years, and gave 225% return in last 3-years. In last 1-week, it jumped 18%.

4. Gayatri Highways Ltd: The stock's last trading price on BSE is Rs 0.76 apiece. The company's market capitalisation is Rs 18.21 crore. It fell 28% in last 1-year, gave return of 24% in last 2-years, and 261% return in last 3-years.

5. ACI Infocom Ltd: The stock's last trading price on BSE is Rs 0.83 apiece. The company has a market capitalisation of Rs 9.17 crore. Its 52-week high price is Rs 2.62 apiece and 52-week low price is Rs 0.66 apiece, respectively. The stock declined 50% in last 1-year, gave return of 176% in last 2-years, and 336% return in last
3-years.

6. Visagar Financial Services Ltd: Last trading price of Visagar Financial Services is Rs 0.71 apiece with intraday fall of 4.05%. Its 52-week high price is Rs 1.49 apiece and 52-week low price is Rs 0.61 apiece, respectively. It has a market capitalisation of Rs 41.46 crore.

The stock dipped 46% in last 1-year, gave return of 491% in last 2-years, and 914% return in last 3-years.

Factors you should consider before investing in penny stocks:

1. Company's Fundamentals: It is important to check the company's financial before investing in penny stocks. The company should not be declaring losses periodically. It is significant to check the fundamentals of the company before parking your funds rashly.

2. Market Speculations: It is worth noting that stocks priced under Re 1 are often illiquid, extremely uncertain and they are therefore subject to sharp market speculations. It is prudent to cross check the source of information that you have obtained on these penny stocks. It will be ideal to check with your respective financial advisor and if you happen to be a beginner, it is good to invest in the guidance of
an advisor.

3. Timing: The price movements of penny stocks tend to be unpredictable and as they are often illiquid, it can be difficult to sell at a particular point of time. It is ideal to enter the penny stock cycle the moment you spot growth potential and exit if you sense the low performing period for a longer period of time.

Disclaimer: The penny stocks are priced under Re 1 and gave attractive returns. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.