Top 6 Penny Stocks to Buy This June 2022 In India

by madhav joshi digital markting expert

After having a tough time for the last two years due to the pandemic, 2022 was expected to be a great year for investors. But, in reality, it has so far been very gloomy for both Indian and international investors.

Several global and domestic factors such as geopolitical tension, the Russian-Ukraine war, crude oil prices, and inflation have jolted the Indian stock market this year.

These aforementioned factors are the main reasons why Indian investors have shifted their focus toward penny stocks.

The penny stocks are often undervalued in comparison to regular stocks. But, in reality, they offer a good profit and revenue growth. Additionally, they have a strong credit profile.

So, if you're too wondering to invest in them, here's a list of the top 6 penny stocks to buy this June 2022 in India.

6 Best Penny Stocks to Buy in 2022:

Investing in penny stocks involves risk, so it is advisable to understand and research each stock before deciding on a particular one.

Here are some popular penny stocks to invest in 2022:

NHPC Limited (Stock Price - 33.90 INR):

NHPC Ltd is an India-based company that is primarily engaged in the generation of hydropower. The Government of India has designated NHPC Ltd as a Mini-Ratna Category-I Enterprise.

Additionally, the corporation is one of the largest in the country when it comes to hydropower development.

The firm is committed to the planning, development, and implementation of an integrated and efficient hydroelectric network.

The corporation pays out a 6.17 percent dividend and has a low debt-to-equity ratio. The stock has a wider price range and typically varies between Rs 14 and Rs 34, with an average annual volatility of 40%.

Geojit Financial Services (Stock Price - 49.50 INR):

Geojit is a financial services provider that offers advising, portfolio management, financial product distribution, and margin trading, among other services.

It has 470 branch offices across India, serving over 1 million customers. The firm also opened offices in the United Arab Emirates, Oman, Kuwait, and Bahrain.

Geojit Financial Services' revenue has increased at a robust CAGR of 11.2 percent over the previous three years, owing to strong development in the stock market.

Net profit increased at a strong CAGR of 60.1 percent during the same year. Furthermore, Geojit is a debt-free firm.

The stock of the corporation is now trading at par with the industry average of 8.5x. This is because the company has set up a strong market presence while also generating good revenues.

Morepen Laboratories Limited (Stock Price - 40.90 INR):

Morepen Laboratories is an Indian pharmaceutical company that has grown exponentially from a single-product company to a multi-activity company.

The company has three world-class manufacturing units in Himachal Pradesh and serves over 50 countries across the world.

The company's main manufacturing plant at Parwanoo is approved by the USFDA for the production of an anti-allergic drug called Loratadine.

The firm has a low debt-to-equity ratio of 0.5%. The stock has a wider price range and typically moved from Rs 2.5 to Rs 40, with an average daily volume of 18 lakh shares.

Jagran Prakashan (Stock Price - 52.40 INR):

Jagran Prakashan is an Indian media company that owns several sub-brands. Its main business is publishing and printing newspapers and periodicals.

The firm has also started FM radio, promotional marketing, event management, and outdoor and digital advertising in recent years.

Jagran Prakashan has 34 printing facilities and an 84 million-strong readership. It also features ten magazines, 39 radio stations, and 15 internet sites, all of which are available in ten different languages.

Dainik Jagran, Mid-day, and Radio City are just a few of the company's well-known sub-brands.

However, Jagran's revenue and net profit fell as a result of the pandemic, but the firm recovered quickly. The debt-to-equity ratio was 0.1x in the fiscal year 2021, while the interest coverage ratio was 0.1x.

Manali Petrochemical Limited (Stock Price - 106 INR):

Manali Petrochemical Ltd (MPL) is a Chennai-based petrochemical firm that produces and deals in polyols and propylene glycol.

The company's manufacturing units produce 27000 metric tons of propylene oxide per year, 14,000 metric tons of propylene glycol per year, and 15,000 metric tons of polyether polyol per year.

These compounds are essential ingredients in the production of polyurethane foams, which have a wide range of uses, including pharmaceuticals, culinary flavors, essences, cigarettes, cosmetics, and perfumery.

The firm has a low debt-to-equity ratio of 0.03 and a 1.26 percent dividend yield. However, the stock has a history of significant volatility.

This stock has moved from Rs. 6 and Rs. 106 during the previous ten years, with an average daily volume of 30 lakh shares.

Marksans Pharma (Stock Price - 45.45 INR):

Marksans Pharma is an Indian pharmaceutical company with a global presence in over 25 countries.

It focuses on over-the-counter and prescription medications that are used in a variety of sectors. In addition, the company's product range is diverse, with over 80 medications spanning 10 therapeutic areas.

From R&D through the delivery of medications to end consumers, Marksans Pharma is active across the entire chain.

The corporation grew over time by purchasing businesses all across the world. As a result, Marksans Pharma's revenue has increased at a CAGR of 11.2 percent over the previous three years.

The net profit also increases at a CAGR of 43.7%. Additionally, it is a debt-free company, and its p/E ratio is 8.5x.

The Bottom Line:

Investing requires good knowledge and understanding of the financial markets, whether its high volume stocks or penny stocks.

Above, we have listed the top 6 penny stocks to buy this June in India in 2022. So, it's your turn now. Choose the best one by analyzing and researching each of these stocks deeply.

And now we are wrapping this topic, hope you have understood it better. So, now, if you're thinking of investing in any of these penny stocks, pick your phone and open a trading account with InvestBy. Out side india best Broker ABInvesting

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