We all have that friend who flaunts the stock that he has bought at a low price (maybe a single digit) and now which is trading at a higher price.
So does buying penny stock really become a multi-bagger? Definitely not. But buying a good quality stock that has a growth opportunity will surely make it true. So the price of the stock doesn’t matter that much but the quality does!
Many stocks, valued under Rs. 20 have bagged more than 700% returns, i.e., turned into multi-baggers, all amidst severe market turmoil! So, if you are betting on stocks below Rs. 20, below is a detailed list of best stocks to invest under Rs. 20
Continuing to the top 10 stocks which are priced under Rs. 20 and sound fundamentally good are as follows:
1. Bank of Maharashtra
Bank of Maharashtra is a nationalised bank under the ownership of the Ministry of Finance, Government of India. It has the largest network of branches of any nationalised bank in the state of Maharashtra.
CEO: A. S. Rajeev (2 Dec 2018)
Founded: 16 September 1935
Revenue: 13,144.67 crores INR (US$1.7 billion, 2020)
To know more about the stock, click here: Bank of Maharashtra
2. Yes Bank
Yes Bank is an Indian bank headquartered in Mumbai, India, and was founded by Rana Kapoor and Ashok Kapur in 2004. It offers a wide range of differentiated products for corporate and retail customers through retail banking and asset management services.
CEO: Prashant Kumar (6 Mar 2020)
Subsidiaries: Dish TV, Yes Securities (India) Limited, MORE
Founders: Rana Kapoor, Ashok Kapur
To know more about the stock, click here: Yes Bank
3. Vodafone Idea
Vodafone Idea is one of the main private players in the telecom sector of India.
The Vodafone Group currently holds a 45.1% stake in Vi and Aditya Birla Group holds a 26%% stake.
To know more about the stock, click here: Vodafone Idea
4. UCO Bank
UCO Bank, formerly known as United Commercial Bank, was established in 1943.
It was founded by GD Birla and is now under the ownership of the Ministry of Finance, Government of India.
To know more about the stock, click here: UCO Bank
5. Suzlon Energy
Suzlon Energy Limited is an Indian multinational wind turbine manufacturer based in Pune, India. It was formerly ranked by MAKE as the world’s fifth-largest wind turbine supplier.
CEO: Ashwani Kumar (Oct 2020)
Revenue: 4,187.33 crores INR (US$560 million, 2021)
To know more about the stock, click here: Suzlon Energy
6. LKP Securities
LKP Securities Ltd. is in the business of Share Broking. LKP offers a wide spectrum of services that includes Equity Broking in Cash and Derivatives, Internet-based trading, Demat services & Research services.
Subsidiaries: LKP Wealth Advisory Limited
To know more about the stock, click here: LKP Securities
7. Punjab & Sind Bank
Punjab & Sind Bank has 1,526 branches across India, out of which 635 branches are in Punjab.
The bank was established on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh.
To know more about the stock, click here: Punjab & Sind Bank
8. Jaiprakash Power Ventures
Jaiprakash Power Ventures Limited is engaged in the generation of power, including hydro and thermal, cement grinding, captive coal mining, and transmission of power.
To know more about the stock, click here Jaiprakash Power Ventures
9. Hathway Cable
Hathway Cable & Datacom is engaged in the distribution of internet services through cable and has a strategic stake in entities engaged in the Cable Television business.
To know more about the stock, click here: Hathway Cable & Datacom
10. Reliance Power
Reliance Power is an electric power and natural gas company of the Reliance And Dhirubhai Ambani Its current CEO is K Raja Gopal. It was founded on 17 January 1995 by Dhirubhai Ambani.
To know more about the stock, click here: Reliance Power
These were the best stocks to invest under Rs. 20 in India, we keep on bringing such insightful ideas to make your investing journey easy. You can also check list of Nifty 50 stocks and the list of Bank Nifty stocks.
Happy Investing 😇
Disclaimer: This blog is not to be construed as investment advice. Trading and investing in the securities market carries risk. Please do your own due diligence or consult a trained financial professional before investing.