Best Low Price Penny Stocks To Buy In 2021: Lets Have A Look

If you are new but are an enthusiastic stock investor and likes low-priced penny stocks, then in this article we will tell you about some of the low penny stocks which you can buy it in 2021. But before coming to low price stocks, one needs to understand the definition of penny stocks.

What are penny stocks?

Any stocks whose price is low in the markets are known as penny stocks. The price of such stocks could be less than Rs 50 which generally attracts investors but the risk is equal high. But what you get to learn from the definition, it doesn't mean that this is the only criteria. These shares should be avoided if the company is in a bad condition.

These stocks are illiquid and are not popular among investors. Researching and analyzing on these stocks are also very difficult as less information is available. However, such stocks can turn multibaggers giving huge returns to investors in a short time period of time.

These stocks can hit higher circuit in their trade frequently because trading in these stocks is less.

However, if one succeeded to find such stock with good fundamentals and if he purchases it at extremely low valuations then in that case he will not regret.

Now, after understanding all the details about the penny stocks, let's have a look at 10 stocks which have succeeded in generating in the last 1 year, and going by this trend, one can think to buy in 2021 at low price.

Flomic Global Logistics

This stock is presently giving a return of 9,100 percent to its investors as it has surged from Rs 1.24 in October 2020 to around Rs 114 currently.

Adinath Textiles

The stock of this company has jumped from Rs 1.48 in October 2020 to Rs 71 currently and its return is 4,717 percent in a year.

Tata Teleservices

Presently, this stock showing up a return of 1,223 percent and has surged from around Rs 3 in October 2020 to around Rs 40 currently.

Brightcom Group

This stock has soared from Rs 5.5 in October 2020 to Rs 71 and presently it's giving a return of 1,186 percent.

Waaree Renewable Technologies

The return of this stock presently is 938 percent and in a year the price of the stock has gone from around Rs 17.8 in October 2020 to around Rs 185.

RattanIndia Infrastructure

It's giving a return of nearly 700 percent and the price if the stock has jumped from around Rs 5 in October 2020 to around Rs 42 currently.

Ganesh Housing

Presently, the return of this company is 629 percent and the stock has gone from around Rs 25 in October 2020 to around Rs 82 currently.

Reliance Power

Like above mentioned company's stock, Reliance Power is also giving a good return to its investors. The stock has jumped from Rs 3 in October 2020 to around Rs 14 currently, giving a return of over 400 percent in just 1 year.

HFCL

This is also one of the companies whose penny stock which is giving a good return to its investors. Presently, it's giving a return 379 per cent and in a year the stock has jumped from Rs 16 in October 2020 to Rs 79 currently.

CG Power

This stock is giving a return of 378 percent and it in a year it has jumped from around Rs 24 in October 2020 to around Rs 115.

Also read:Market experts see 25 percent rise in Tata Motors share price in Future

Also watch: