Simla Stock：Top Stocks Under Rs. 20 To Buy in India for 2024

In the world of stock market investing, there’s always a buzz around finding the “next big thing.” Investors with a keen eye are often on the lookout for low-priced stocks that offer substantial growth potential. Stocks under Rs. 20 are particularly attractive to those who want to dip their toes into the market with limited capital. Even retail investors have an affinity for stocks under Rs. 20. However, among 5,000+ stocks available on the market, how do you find the best stocks to buy today, under Rs. 20? In this blog, let’s dive into identifying the penny stocks list of the best stocks below 20 on NSE with the help of Tickertape Stock Screener.

Note: The data in the above table is from 28th August 2024. This penny stocks list of the best stocks under Rs. 20 are filtered using Tickertape Stock Screener using the following parameters:

Close Price: Set to 0.02 – 205Y Average Net Profit Margin: Set the limit to 10 to High (Sort from highest to lowest)5Y Average Return on Equity: Set the limit to 10 to High

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Did you know that you can invest in the best penny stock portfolios that are managed by SEBI-registered experts?

Let’s learn about smallcase.

A smallcase is a basket or portfolio of stocks/ETFs representing an idea – an objective, theme, or strategy. They help investors build a low-cost, long-term & diversified portfolio with ease. smallcases are created and managed by SEBI-registered investment professionals (also known as smallcase managers).

Among 500+ smallcases, here are some of the top penny stocks smallcases:

Note: These smallcases are mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.

Disclosures for Penny Stocks Basket smallcase

Disclosures for Penny Stocks Gulluck with Midcap and Largecap smallcase

For investors looking for stocks to buy today, here is an overview of some of top 10 penny stocks in India under Rs. 20. However, before investing always conduct due diligence and research about each company.

NCC Blue Water Products Ltd, established in 1992, focuses on implementing an Integrated Aqua Culture Project in Nakkapali Mandal, Tuni, Visakhapatnam District. The Indian aqua industry has faced challenges, particularly due to viral outbreaks and related issues. As a result, many corporate aquaculture companies have shut down their operations and processing plants, leading to significant losses. In response, NCC Blue Water Products Ltd is exploring options to restructure its business operationsSimla Stock. As of 28th August 2024, the company has a market capitalisation of Rs. 9.80 cr., and its share price closed at Rs. 12.65. Check out the stock evaluation on the Tickertape Scorecard here. This stock could be a promising option for those looking for penny stocks to buy for long-term.

Garbi Finvest Limited, formerly Golden Properties & Traders Ltd, was incorporated on 14th June 1982 in Kolkata, West Bengal. The company has been engaged in Non-Banking Financial Activities since 1998. The name change to Garbi Finvest Limited was proposed during a board meeting on 29th June 2016. As of 28th August 2024, the company has a market capitalisation of Rs. 20.75 cr., and its share price closed at Rs. 17.69. The company has a 5-yr average net profit margin of 56.12, and its 5-yr average return on equity (ROE) is 24.00. Learn more about the company’s growth, valuation, and performance on the Tickertape Scorecard now!

Leading Leasing Finance and Investment Company Limited (LLFIL) is an NBFC registered with the RBI. The company was established on 7th October 1983. The company operates in the investment, leasing, and financing sectors. Over the last 5 years, the company’s revenue has grown at a yearly rate of 20.45%, higher than the industry average of 11.19%. As of 28th August 2024, the company has a market capitalisation of Rs. 167.10 cr., and its share price closed at Rs. 4.56. Furthermore, the company’s 5-yr average net profit margin is 35.73, and its 5-yr average ROE is 13.96. Click here to learn more about the stock’s past performance in the stock market only on Tickertape!

Sagar Soya Products (SSPL) was established on 27th September 1982 as a private limited company. The company is currently chaired by A C Patel, with D T Patel serving as managing director. SSPL operates manufacturing facilities in Bhainsa, Madhya Pradesh, producing soya oil, de-oiled cakes, and soya flour. Over the last 5 years, the company’s current ratio has been 1307.31, higher than the industry average of 165.6. As of 28th August 2024, the company has a market capitalisation of Rs. 0.06 cr., and its share price closed at Rs. 2.24. Furthermore, the company has a 5-yr average net profit margin of 32.11, and its 5-yr average ROE is 21.21. Check out more about the company’s past profitability trends and performance in general on the Tickertape Scorecard.

Avonmore Capital & Management Services Limited, based in New Delhi, India, is a non-banking financial company offering a range of advisory and financial servicesKanpur Stock. Its Debt and Equity Market Operations involve trading in securities and bonds. The Consultancy and Advisory segment provides merchant banking, underwriting, corporate and infrastructure advisory, and loan syndication services. As of 28th August 2024, the company has a market capitalisation of Rs. 317.13 cr., and its share price closed at Rs. 13.85. Furthermore, the company has a 5-yr average net profit margin of 23.96, and its 5-yr average ROE is 14.12. On the Tickertape Scorecard, the company is showing good signs of profitability and efficiency with a score of 7.1/10 in terms of cash flow and a score of 6.7/10 in terms of profit.

GVP Infotech Limited, based in New Delhi, operates in IT infrastructure, cable infrastructure, and operations outsourcing in India. The company provides a range of internet and web marketing services, including search engine optimisation, pay-per-click advertising, web design, content marketing, social media marketing, and e-mail marketing. As of 28th August 2024, the company has a market capitalisation of Rs. 214.65 cr., and its share price closed at Rs. 13.18. Furthermore, the company has a 5-yr average net profit margin of 20.20, and its 5-yr average ROE is 11.49. Get a more detailed stock analysis on the Tickertape Scorecard today!

SC Agrotech Limited operates in agriculture, horticulture, and organic farming. Originally incorporated in 1990 as Sheel International Limited, the company rebranded to its current name in October 2015. Headquartered in New Delhi, India, SC Agrotech focuses on various farming activities that contribute to the agriculture sector. Over the last 5 years, the company’s revenue has grown at a yearly rate of 18.33%, higher than the industry average of 6.32%, and its net income has grown at a yearly rate of 36.85%, also higher than the industry average of 4.87%. As of 28th August 2024, the company has a market capitalisation of Rs. 11.04 cr., and its share price closed at Rs. 18.42. On the Tickertape Scorecard, the stock ranks higher in profitability, with a score of 7.7/10 in profit and 8.1/10 in cash flow. Check out more on the Tickertape Scorecard here!

Brightcom Group Limited offers digital marketing solutions to businesses, agencies, and online publishers globally. It operates in two segments: Digital Marketing and Software Development. The company specialises in connecting advertisers with their target audiences through various digital media channels. Initially known as Lycos Internet Limited, the company rebranded to Brightcom Group Limited in September 2018. As of 28th August 2024, the company’s market capitalisation is Rs. 1,600.68 cr., and its share price closed at Rs. 7.93. Furthermore, the company’s 5-yr average net profit margin is 17.40, and its 5-yr average ROE is 16.6. The Tickertape Scorecard demonstrates a positive trend in profitability with a score of 8.0/10 in profit and 6.9/10 in cash flow. Learn more about this stock by evaluating it’s Tickertape Scorecard here.

Esaar (India) Limited is a non-banking financial company (NBFC) based in Mumbai, India, and has operated since 1951. The company offers a wide range of retail credit options, including home, business, personal, education, and vehicle loans and project and commercial property financing. It also provides loans against property, securities, lease rental discounting, agri, and rural funding. Over the last 5 years, the company’s debt-to-equity ratio has been 177.21%, lower than the industry average of 251.93%, and its current ratio has been 146.49, higher than the industry average of 40.28. As of 28th August 2024, the company has a market capitalisation of Rs. 13.32 cr., and its share price closed at Rs. 6.52. Check out more on the Tickertape Scorecard here!

Swasti Vinayaka Art and Heritage Corporation Limited, established in 1985 and headquartered in Mumbai, India, specialises in manufacturing and selling carvings made from precious and semi-precious stones, paintings and jewellery. The company is also involved in the real estate sector. Over the last 5 years, the company’s revenue has grown at a yearly rate of 7.22%, higher than the industry average of 3.9%. As of 28th August 2024, the company’s market capitalisation is Rs. 45.54 cr. its share price closed at Rs. 5.06. Furthermore, the company’s 5-yr average net profit margin is 17.21, and its 5-yr ROE is 12.31. Get a more detailed stock analysis on the Tickertape Scorecard today!

Investing in stocks priced under Rs. 20 can offer several advantages like:

Affordability: These shares below 20 Rs., including solar power stocks under 20 Rs are generally considered affordable, allowing investors with limited capital to participate in the stock market. This accessibility enables individuals to build a diversified investment portfolio, which may include the best share under 30 Rs.Higher Volatility: Stocks priced under Rs. 20, including renewable energy stocks under 20 Rs., often exhibit higher volatility compared to higher-priced stocks. This volatility creates opportunities for potentially higher returns, especially for those investing in penny stocks to buy for long-term. Investors willing to tolerate short-term price fluctuations may benefit from the potential for significant gains over time.Increased Liquidity: Additionally, stocks priced under RsAhmedabad Investment. 20, including debt-free penny stocks under 20 Rs., may attract attention from retail investors and traders looking for cheap stocks to buy today in IndiaNagpur Stock. Increased trading activity can contribute to liquidity in these penny stocks under 20 Rs., allowing investors to buy and sell shares more easily.

Investing in shares under 20 Rs can have significant limitations. Let’s look at some of the risks of investing in the companies on the penny stocks list:

Limited Information: Companies with stocks under 20 Rs. may not always adequately disclose information regarding their financial health and operations, potentially resulting in investment decisions being made on incomplete data.Risk of Delisting: Companies with stocks below 20 rupees can face a heightened risk of delisting, particularly those on the NSE India top gainers, as they may fail to meet the minimum price requirements established by stock exchanges.Susceptibility to Market Sentiment: Even the best stocks under 20 Rs. can be more susceptible to market sentiment and speculative trading, which can lead to erratic stock price movements unrelated to the company’s fundamentals. If you are wondering what today’s market sentiment is, click here.

Investing in the top gainers’ shares under Rs. 20 requires a strategic approachIndore Stock. Begin by conducting thorough research to identify stocks showing consistent upward momentum within this price range. For those aiming to build a diversified portfolio, a low price share list 2024 can be a useful resource. To diversify within the penny stock segment, looking into different sectors can reduce risk and enhance growth potential. For instance, the top 20 penny stocks in the energy sector in India could offer a mix of affordable stocks with exposure to a growing industry.

While looking for any shares to buy today, you can utilise reliable financial platforms or tools like Tickertape Stock Screener to track market trends and identify potential top performers. With over 200 filters, a custom filter feature, a custom universe, and various pre-built screens, it is easy to get the best stocks under Rs. 20 based on your preferred criteria.

If you have already shortlisted stocks on the penny stocks list, then you can add a watchlist and connect it to the TT Stock screener for further analysis. Additionally, you can invest in those stocks directly from Tickertape in a few clicks. Check out more about the Tickertape Stock Screener here!

Let’s explore the types of investors who might find value in stocks priced under Rs. 20 and the strategies that can lead to successful investments.

1. New Investors with Limited Capital: For new investors, exploring the low price share list 2024 can help identify affordable stocks that fit their strategies. These stocks offer a chance to enter the market without significant financial commitment, allowing beginners to build a portfolio and gain experience.

2. Risk-Tolerant Investors: If you have a high appetite for risk, these stocks may suit your profile. Their volatility can lead to rapid gains or losses, making them suitable for those who understand market fluctuations.

3. Short-Term Traders: For traders, low-priced stocks can present quick opportunities due to their price swings. Skilled traders can capitalise on these movements with the right strategies.

4. Multibagger Seekers: Investors looking for penny stocks to buy for long-term, including shares under 10 Rs, may find hidden gems among low-priced stocks with growth potential, emphasising the need for thorough research.

5. Diversified Portfolio Builders: Including low-priced stocks in a diversified portfolio can enhance growth potential, balancing risk across different asset classes.

When looking at the best stocks to invest in right now, keep some factors in mind. Risk is essential to consider before investing in stocks below 20 Rs. While many of these semi-penny stocks have generated mass wealth for investors, many others have failed on the markets. Note that these stocks in the penny stocks list can be the worst performers in the case of market turndowns. Also, a majority of these stocks may deal with liquidity issues. Investment horizon, sector, and timing are other essential factors you need to consider before investing. Tracking the top gainers’ shares under 20 Rs is a good strategy for investors looking to capitalise on price momentum.

Timing is arguably the most crucial factor to consider when investing in the penny stocks list. The right stock picked at the right time can turn your fortunes. Investing in semi-penny stocks can benefit if the company has growth potential and your research is viable. But remember that investing in any stock attracts considerable risk, magnified manyfold with semi-penny stocks.So, research, analyse, and invest quicker than before with Tickertape. Become a Pro Member today!

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