10 Best High Volume Penny Stocks In India 2024

You might be seeking new investment opportunities to make a quick profit. Penny stocks, due to their low share prices, have the potential to deliver excellent returns if an individual can correctly predict the price movement. However, it may be impossible to invest in these penny stocks due to low volumes, which might cause you to miss out on a profitable investment opportunity. 

In this blog, we will give you an overview of high-volume penny stocks and the benefits and risks of investing in them.

What are High-Volume Penny Stocks?

A stock is categorized as a penny stock if it has a small market capitalization and a price below ₹10. Many penny stocks are illiquid, which makes it impossible to buy and sell easily. However, there are some penny stocks with trading volumes higher than those of other penny stocks. Because of their affordability and potential for growth, these penny stocks are well-known among traders. However, due to weak fundamentals and little publicly available information, investments in these stocks can be risky. 

List of High-Volume Penny Stocks in India With Share Price

The list of High-Volume penny stocks are:

1. Reliance Home Finance Ltd.
2. Pressure Sensitive Systems (India) Ltd.
3. Franklin Industries Ltd.
4. Abhinav Leasing & Finance Ltd.
5. Seacoast Shipping Services Ltd.
6. Galactico Corporate Services Ltd.
7. Family Care Hospitals Ltd.
8. Debock Industries Ltd.
9. Advik Capital Ltd.
10. Goyal Associates Ltd.

Best High Volume Penny Stocks – An Overview

An overview of the high-volume penny stocks is given below:

1. Reliance Home Finance Ltd.

To broaden its financial services, the company was founded in 2008 as a division of Reliance Capital Limited. The company offers home loans, construction loans, etc. It concentrates both on the urban and rural housing sectors. The business separated from its parent firm later in 2017 and went public on the stock exchange. The business experienced several liquidity issues in 2019 and went through a debt settlement procedure. Reliance Home Finance office is located in Mumbai. 

2. Pressure Sensitive Systems (India) Ltd.

Pressure Sensitive Systems (India) Ltd. was incorporated in 1987, and it is engaged in manufacturing adhesive tapes, which are used in industrial processes such as insulation and reinforcement. The company’s product range includes nylon cloth, rayon cloth, single- and double-sided cotton cloth tapes, and fibreglass cloth tapes. The company operates through a manufacturing plant situated in Raigad, a district of Maharashtra, and has a production capacity of 300,000 square meters per annum. It also exports its tapes to other countries. The company’s headquarters are in Maharashtra.

3. Franklin Industries Ltd.

Franklin Industries Limited was formerly known as Murad Properties and Projects Limited and was established in 1983. The company closed its jewelry business and today only deals in the wholesale trading of agricultural commodities. The business changed its name to Franklin Industries Limited in 2017 after implementing several contemporary farming techniques. The company’s headquarters is in Gujarat. 

4. Abhinav Leasing & Finance Ltd.

The business was registered as a non-banking financial company when it was founded in 1984. It offers investments in stocks, bonds, loans, advances, and more. Fees and interest income are the company’s main revenue streams. It is governed by the Reserve Bank of India and functions as a systemically important non-deposit-accepting NBFC. The business decided to go public in 2015 and was listed on the Bombay Stock Exchange. New Delhi is home to its headquarters. 

5. Seacoast Shipping Services Ltd.

To offer shipping and logistics services to the industries, the company was founded in 1982. The business was first known as Mahaan Impex Limited before changing its name to Seacoast Shipping Services Limited. In addition to operating dry bulk vessels for the transportation of commodities like coal, iron ore, etc., the company offers a variety of services like freight broking and cargo handling. Although it has some activities abroad, the company’s primary market is India. 

6. Galactico Corporate Services Ltd.

The business was established in 2010 as a category one merchant banker registered with SEBI. It offers various financial services, such as corporate valuations, issue management, and investment banking. The business has grown its clientele over time and met the demands of numerous startups and SMEs. The business operates in several industries, has a solid reputation among its clientele, and specializes in ESOP management and QIB placements. 

7. Family Care Hospital Ltd.

In 1994, the business was incorporated under the name Scandent Imaging Limited. In 2022, it changed its name to Family Care Hospital Limited. In addition to providing services including 3D cone beam computed tomography, 2D digital orthopantomogram, and 2D lateral cephalogram, the company specializes in dentistry and ENT imaging solutions. It provides a range of medical services, and the company’s financial results have fluctuated in the past. The family care hospital has been working to get money in several ways. Its main office is located in Maharashtra. 

8. Debock Industries Ltd.

Debock Industries Limited was founded in 2008 and is involved in marketing and sales as well as the sale of agricultural equipment. It owns and runs hotels, builds housing projects and concentrates on the state’s tourism and cultural assets. It was involved in the production of agricultural machinery, such as land levelers, seed drills, and cultivators. Its main office is located in Jaipur, Rajasthan. 

9. Advik Capital Ltd.

Established in 1985, Advik Capital is a non-banking financial institution that is registered with the Reserve Bank of India. Initially called Quick Credit Limited, the business subsequently changed its name to Advik Capital Limited. In addition to lending and finance, the business also trades stocks and provides investing advice through its advisers. Additionally, the corporation has a subsidiary that specializes in the production of electrical goods, Advik Optoelectronics Limited. 

10. Goyal Associates Ltd.

Goyal Associate Limited was incorporated in 1994 and is engaged in the financial service sector and providing services as a non-banking financial sector and a microfinance company. The company has posted robust profits and growth in terms of revenue in the past years. The company offers a wide range of financial products, such as micro-enterprise loans, SME loans, vehicle loans, agro-based loans, personal loans, etc. The company’s headquarters is situated in Gujarat.

Key Performance Indicators (KPIs)

Benefits of Investing in High-Volume Penny Stocks 

The following are the main advantages of investing in penny stocks with high volume:-

• Chances of Growth – High growth potential is exhibited by penny stocks with a high volume relative to other penny stocks. 
• Affordable – Because penny stocks are so inexpensive in comparison to other stocks, an investor can purchase penny stocks with a small amount of capital. 
• Reduce Risk – By investing in different penny stocks, you can effectively diversify your portfolio and lower market risk.
• Early Participation – Various penny stocks are in their early phase of growth; hence, identifying the stocks and investing in them provides an investor with an opportunity to earn substantial profits.
• Government Support– Many of the penny stocks mentioned in the blog are of the companies engaged in sectors the government supports. Various government incentives will be beneficial for their growth.

Disadvantages of Investing in High-Volume Penny Stocks

Various disadvantages of investing in high-volume penny stocks are mentioned below-

• Fluctuation in Price – Generally, the prices of penny stocks are highly volatile, which can result in losses for investors.
• Information Disclosure – The penny stock companies that have a high volume have very little publicly available information, which makes the process of analyzing them extremely difficult.
• Risk related to Business – The penny stocks are sometimes exposed to the sector that contains high risk related to the business of that particular sector.

How to Invest in High-Volume Penny Stocks?

The first step towards investment in penny stocks that have high volume would be identifying the correct penny stock that has growth potential and strong fundamentals.

Once you find the suitable stock, you must follow the steps below.

1. Visit the website of Pocketful.
2. Click on the Open Demat Account Tab.
3. Complete your KYC by entering all the relevant details. Submit scanned copies of documents such as PAN card, proof of identity, proof of address, etc.
4. Submit the bank details through which you wish to transfer funds from your bank account to your demat account.
5. Your demat account will be opened after the documents have been successfully verified.
6. You will receive the login credentials on your registered mail ID.
7. Visit the website again and click on the Login Section on the Home Page. Enter the login credentials to access your account.

Once you log into your demat account, search for penny stocks that have a high volume and begin your investing journey.

Conclusion

In summary, while there are many penny stocks available in India, many of them have low volumes, making them difficult to invest in. As an investor, you must choose a company in the growing industry that can provide a return over the long term. After you have identified the right stock, you must speak with your financial advisor and do the necessary research. Moreover, you must assess your risk tolerance before investing. 

Frequently Asked Questions (FAQs)