Top 10 IT Software Penny Stocks in India
12 mins read

Top 10 IT Software Penny Stocks in India

Have you ever thought about the apps on your phone, the games you play, the social media you use, the music you stream,  the smartphones, the laptops, and even the self-driving cars you use; how all of these are made and what is the magic behind this- all of these are made from complex software and created by the brilliant minds from IT companies. They prepare the code, design the systems, and build the platforms that power our digital world.

Investing in IT software stocks is like investing in these brilliant minds who are behind this magic. It is all about believing in the power of innovation and the potential of these companies to grow and generate a better return on those investments.

In this blog will explore the best IT sector penny stocks and their insights. Whether you are a professional investor or trader or just starting your investment journey, this blog will provide you with valuable insights into IT Software stocks.

What are IT Software Penny Stocks

The IT software Penny stocks are shares of the companies that provide Information technology services such as software development, hardware manufacturing, IT consulting, cloud or server services, telecommunications, internet-related services, and tech support. These penny stocks are typically traded at a lower price, which attracts investors from their potential to grow from ongoing innovations in this sector and provide magnificent returns in the long run. However, these stocks are subject to high volatility and sometimes with low liquidity, so investors should consult their financial advisors before investing in them. 

IT Sector Penny Stocks list

List of IT Sector penny stocks:

Company NameCurrent Market Price (₹)Market Capitalization (in ₹ Cr.)P/E(X)YTD Return(%)
Infibeam Avenues Ltd.26.107,27959.8221.40%
PCS Technology Ltd.34.907372.4966.83%
Saven Technologies Ltd.53.845827.73-18.4%
Accel Ltd.22.6013033.051.71%
Rolta India Ltd.3.3956-0.0725.56%
DigiSpice Technologies Ltd.32.6976248.9016.54%
3i Infotech Ltd.28.32480-2.23-42.15%
HCL Infosystems Ltd.15.92524-35.21-21.58%
GVP Infotech Ltd.10.9017763.240.46%
FCS Software Solutions Ltd.3.27559-52.14-21.20%
(Data as of 7 January 2025)

Read Also: Best Smallcap IT Stocks List in India

Overview of IT Sector Penny Stocks

An overview of IT Sector penny stocks are:

1. Infibeam Avenues Ltd.

Infibeam Avenues Ltd. is a financial technology company incorporated in 2017; it is involved in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other IT services.

The company leads in the business of SaaS-based ( software as a service) platforms and provides software platforms for merchants. The company is aiming to be a key player in AI fraud detection and prevention, by creating a new AI Hub from the investment of one billion rupees. 

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
8.41%25.12%74.96%
(Data as of 7 January 2025)

2. PCS Technology Ltd.

PCS Technology Ltd., established in 1983, is a well-known Indian IT solutions provider, delivering cutting-edge and innovative solutions to clients. With a global presence in over 20 offices, 30 service centres and along with its 200+ direct points of presence across India, it is helping to enhance business performances by leveraging proven processes and technological solutions.

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
58.45%12.09%925.29%
(Data as of 7 January 2025)

3. Saven Technologies Ltd.

Saven Technologies Ltd. is the fastest-growing software development and technology consulting firm with a specialization in the development, delivery, and implementation of technology-driven business solutions. 

Saven Technologies Ltd offers more than 60 companies around the world a comprehensive variety of services to overcome their new and existing IT-related challenges. 

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
-18.61%3.41%300.90%
(Data as of 7 January 2025)

4. Accel Ltd.

Accel Ltd was established in 1991 as a vendor-independent IT services company headquartered in Chennai, India. Over the years, a passion for excellence and great customer service helped this start-up to grow into a successful technology service company.

Accel Ltd shows its strong presence in the domestic and international markets by offering a wide range of IT Services, such as IT Infrastructure Management Services, Warranty Management Services, Managed Print Services, Cyber Security, and Software Services. 

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
-14.05%-35.18%260.16%
(Data as of 7 January 2025)

5. Rolta India Ltd.

Rolta India Ltd is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defence and Homeland security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.

Rolta, by using its expertise in IT, engineering, and geospatial fields, develops advanced digital solutions. These solutions, built with Rolta’s unique technology, focus on cloud computing, mobile technology, IoT, business intelligence, and big data analytics.

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
61.80%-48.26%-2.48%
(Data as of 7 January 2025)

6. DigiSpice Technologies Ltd.

Digispice Technologies Limited is an Indian company that offers telecom software, value-added services, and mobile content to domestic and global telecom operators. It operates in two segments; the first one is DiGiSPICE- which is focused on telecom and digital technology services, and the second one is Spice Money- which provides financial tech services like money transfer through Domestic Money Transfer(DMT) services, Aadhar-Enabled Payment Services (AEPS), and bill payment services through Bharat Bill Payment System (BBPS).

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
-20.19%-41.81%491.55%
(Data as of 7 January 2025)

7. 3i Infotech Ltd.

3i Infotech Ltd is a global IT company headquartered in Mumbai, India. It offers a wide range of IT services, such as developing and managing software, IT infrastructure management, testing, analytics, consulting, and business process outsourcing. 

Company through its wide range of IT services serving over 1000+ clients in more than 50 countries, and showing its significant presence in geographies like North America, India, Asia Pacific, Middle East and Africa, Saudi Arabia, and South Asia. The Company is contributing to India’s digital transformation through its expertise in BFSI, Healthcare, Manufacturing, and Retail.

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
-43.86%66.43%1,274.09%
(Data as of 7 January 2025)

8. HCL Infosystems Ltd.

HCL Infosystems Ltd. was incorporated in 1986 and headquartered in Noida, India. It is engaged in the distribution of technology, mobility, and consumer electronic products. HCL group holds 63% of the total shares in the HCL Infosystem and provides support in financial and operational obligations.

The company operates in Hardware products and solutions, Distribution and Learning. The company generates most of its revenue from hardware products. Its Hardware Products & Solutions division manages large system integration projects for government clients.  

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
-33.26%-36.11%123.40%
(Data as of 7 January 2025)

9. GVP Infotech Ltd.

GVP Infotech Ltd was established as Fourth Dimension Solutions Private Ltd in 2011 in Delhi.  The company is an Information Technology Infrastructure company and also provides technical support services. The company also operates in e-governance services, offering Aadhar enrollment and corrections, citizen service centers, and customer service centers. The company also provides quality manpower deployments for the Government, PSU and Corporate center.

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
-6.22%-15.99%-15.99%
(Data as of 7 January 2025)

10. FCS Software Solutions Ltd.

FCS Software Solutions Ltd was incorporated in 1993. It offers a variety of IT and IT-enabled services such as software development, marketing and support for corporate firms in BPO, software development, e-learning, and related IT-enabled services. The Company also operates overseas and has subsidiaries in the US, Germany, UAE, and China.  

Know the Returns:

1Y Return (%)3Y Return (%)5Y Return (%)
-30.54%-46.61%1,515.00%
(Data as of 7 January 2025)

Read Also: Best Midcap IT Stocks List 2025

Key Performance Indicators (KPIs)

While analyzing IT sector penny stocks, it is always necessary to consider their key performance indicators (KPIs) that could give an idea about the potential of the stock.

CompanyNet Profit Margin (in %)ROE (in %)ROCE (in %)P/E 
Infibeam Avenues Ltd.4.984.575.6859.82
PCS Technology Ltd.298.282.313.7072.49
Saven Technologies Ltd.18.9313.5017.9927.73
Accel Ltd.1.837.899.6133.05
Rolta India Ltd.0.000.000.40-0.07
DigiSpice Technologies Ltd.2.684.7513.0648.90
3i Infotech Ltd.-36.64-101.64-10.77-2.23
HCL Infosystems Ltd.-49.330.0010.25-35.21
GVP Infotech Ltd.8.531.671.7163.24
FCS Software Solutions Ltd.-32.80-4.012.88-52.14
(Data as of 7 January 2025)

Advantages of Investing in IT Software Penny Stocks

Investing in the IT sector penny stocks can offer significant advantages due to their potential for growth and the broad level of adaptation of innovation, which can lead to outstanding returns on investment.

  • High Growth Potential: The IT sector is outperforming due to rapid innovation and evolving technologies. Penny stocks in this sector are the companies that are at the forefront of this trend and can offer explosive growth and substantial returns. 
  • Low Entry Cost: The low price of penny stocks enables them to be accessible for investors with limited capital. This allows them to diversify their portfolio from investing in high-growth IT sectors.
  • Policy Support: The Government is supporting this sector through their union policies, in the union budget 2024-25, the allocation of the IT sector and telecom sector stood at Rs 1,16,342 crore.

Read Also: List Of Best IT Stocks in India 2025

Risks of Investing in IT Sector Penny Stocks

Investing in IT sector penny stocks carries some risks despite their potential of high growth, which are:

  • High Volatility: Penny stocks are subject to high volatility due to high price swings and are highly influenced by market sentiment and news.
  • Low Liquidity: These stocks have very low volume so it is difficult to buy and sell in high quantities or execute trade on specific price.
  • Speculative Nature: Investing in penny stocks is based on speculation, not on fundamental analysis, which leads to higher risk.
  • Lack of Fundamental Strength: Many penny stocks are companies which have weak fundamentals, such as low revenues, high debt, and uncertain profitability. These companies may not be able to sustain long term growth, and increase the risk of unpredictable losses.

Conclusion 

Investing in IT sector penny stocks gives better opportunity to investors to capitalize their money from investing in them due to their high growth potential and low entry cost. However, investing in penny stocks carries several risks, and it can wipe out your investment. So, before investing in IT sector penny stocks it is essential to consult with your financial advisor and understand the company’s financials thoroughly.

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Frequently Ask Questions (FAQs)

  1. What are IT sector Penny Stocks?

    The IT software Penny stocks are shares of the companies that provide Information technology services such as software development, hardware manufacturing, IT consulting, cloud or server services, telecommunications, internet-related services, and tech support.

  2. Which are the top IT sector penny stocks in India as per market capitalization?

    The top IT sector penny stocks as per market capitalization are Infibeam Avenues Ltd., DigiSpice Technologies Ltd., FCS Software Solutions Ltd., HCL Infosystems Ltd., and 3i Infotech Ltd.

  3. What Factors can influence the IT software penny stocks?

    The price of IT Software penny stocks can be influenced by various factors such as company earnings, industry trends, new rules, technological updates, market sentiment, and the overall economy.

  4. Are there IT penny stocks in India priced below ₹1?

    Yes, Avance Technologies Ltd. trading at the price of ₹0.86 per share, and many more IT stocks are available, which trades below ₹1.

  5. Are there IT penny stocks in India priced below ₹10?

    Yes, Rolta India Ltd. and FCS Solutions Ltd. are trading below  ₹10.

Disclaimer