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Penny Stocks India 2026

Penny stocks are typically defined as stocks trading under ₹20–₹50 with low market cap. They are extremely high-risk: low liquidity, easy to manipulate (pump-and-dump schemes), and often poor fundamentals. SEBI maintains ASM/GSM lists to monitor suspicious activity. The list below is for educational reference only — not a buy recommendation.

Expert note: ⚠️ Penny stocks have wiped out more retail capital than any other category in India. 90%+ of pump-and-dump schemes target sub-₹50 stocks. Treat the below list as study material, not investment ideas.

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Prices as of 20 May 2026. P/E and ROE shown for top 200 companies by market cap (updated quarterly). Click any company for detailed profile, news, and 1-year chart.

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