Courtesy: Tharendra Lunia, Professional Finance & Audit, The Institute of Chartered Accountants of India (2011)

Introduction to Penny Stock

Penny stocks, also known as cent(Dollar Terms) stocks in some countries, are common shares of small public companies that trade at low prices per share.

If I consider this as definition for “Penny Stock”. Any stock which is trading below INR 70 can be known as “Penny Stock”

Analysis of Indian Stocks below INR 67 with potential to become multi-dollar stocks.

Using Screener website,

The Query is given below :

Enterprise Value to Total Income to Firm Margin <15

AND Latest Annualized Return on Equity >12

AND Return on capital employed >8

AND Firm Margin >0

AND Net profit >0

AND Net Profit latest quarter >0

AND Current price <67

AND Volume >100

AND Current price >0.05

AND PB X PE <20

AND Last result date >201703

AND Unpledged promoter holding >30

AND Current price * Volume >10000

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1 - Firstsour.Solu. CMP INR 38.3

2 - PTC India Fin CMP INR 40.55

3 - Ferro Alloys Cor CMP INR 20.15

4 - Pudumjee Paper CMP INR 29

5 - Manaksia Indus. CMP INR 38.55

6 - Pincon Spirit CMP INR 51.6

7 - Sumeet Inds. CMP INR 33

8 - Sakthi Finance CMP INR 37.25

9 - Natl. Steel&Agro CMP INR 37.1

10 - High Ground CMP INR 8.7

11 - Indian Sucrose CMP INR 52

12 - Sphere Global CMP INR 43.4

13 - Sri KPR Inds. CMP INR 27.35

14 - Anjani Synth. CMP INR 40

15 - Sumedha Fiscal CMP INR 40.45

16 - T & I Global CMP INR 57

17 - Integ. Fin. Serv CMP INR 43.95

18 - Haryana Capfin CMP INR 45.85

19 - Jattashankar Ind CMP INR 47.5

20 - Catvision Ltd CMP INR 36.5

21 - Maris Spinners CMP INR 24.1

22 - Comfort Fincap CMP INR 14.24

23 - Optimus Finance CMP INR 26

24 - Mansi Fin.(Chen) CMP INR 32.5

25 - Nalin Lease Fin. CMP INR 23.5

26 - Sh. Kalyan Hold. CMP INR 3.06

27 - Crimson Metal CMP INR 6.79

28 - Capman Financial CMP INR 5.2