Top 10 penny stocks for 2023
The year 2023 has started and everyone is busy in their respective works with a new enthusiasm and enthusiasm. Looking at the circumstances, this time there is a different happiness to start the new year.
If we talk about the financial issues of the country in the year 2021, then there will be many ups and downs in it too. Where the market had fallen a lot in March, the market also showed a good recovery. Some Penny Stocks performed very well in this 2021 so, in this blog post you will know about Top 10 penny stocks for 2023 .
So let’s take a look at some such
Penny stocks list
CG Power & Industrial Solutions
CG Power and Industrial Solutions was formerly known as Crompton Greaves Limited. It is an Indian multinational company that designs, manufactures and markets products related to electricity generation, distribution and transmission. This company is a part of the Murugappa Group and was established in Mumbai.
The stock price was 10.82 as on 31st December 2019 which increased to Rs 43.20 on 24th December 2020 giving a return of 299% in one year.
Alok Industries
Alok Industries is an Indian textile manufacturing company headquartered in Mumbai and an ISO 9001:2008 certified company. The company is mainly engaged in the business of weaving, home textiles and polyester. More than 26% of the company’s products are exported to more than 90 countries in Europe, South America, Asia, United States and Africa. When the company faced bankruptcy, Reliance Industries Limited and JM Financial Ltd took over the company.
The share of this company was at Rs 3.04 on 31 December 2019, which increased by 602% to Rs 21.35 on 24 December 2020.
Karda Constructions
Karda Constructions is a Nashik based company that was started in 1994 by its promoter Mr Naresh Karda. After that after 2007 it came to be known as Karda Constructions Private Limited. This company is providing its services in this industry for more than 2 decades.
The main business of this company can include real estate development and residential projects.
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The stock of this company was trading at Rs 23.74 as on 31st December 2019 which increased by 376% to Rs 113.10 on 24th December 2020
Subex
Subex Limited is a Bangalore-based software company that provides a variety of digital products to communication service companies. In India this company is registered on both BSE and NSE exchanges.
Digital products are provided by this company to more than 75% of the world’s top 50 Telcos. Established in 1992, it seeks to enhance the customer experience by creating innovative innovative products.
The stock of this company was trading at Rs 5.90 on 31 December 2019, which reached Rs 29.70 on 24 December 2020 giving a return of 403%.
Kellton Tech Solutions
It is an Indian IT company headquartered in Hyderabad and also has offices in the United States and Europe. The company has so far earned a net profit of ₹7.39 billion with over 1400 employees.
The stock of this company was trading at Rs 18.05 on 31st December 2019 which reached Rs 72.40 on 24th December 2020 giving a return of 301%.
RattanIndia Infrastructure
This company works on power projects related to the production of thermal power in India. The company is also working on consultancy options for generation, distribution and transmission of electricity.
The stock of this company was trading at Rs 1.87 on 31 December 2019, which reached Rs 6.61 on 24 December 2020 giving a return of 253%.
Jaiprakash Associates
Jaiprakash Associates is a diversified infrastructure industrial company operated by the Jaypee Group. The company operates as a subsidiary alliance with sectors related to Engineering & Construction, Cement, Power, Real Estate, Expressways, Fertilizer, Healthcare, Sports, Hospitality, IT and Education.
The stock of Kaylee Group was trading at Rs 1.96 on 31st December 2019 which reached Rs 6.16 on 24th December 2020 giving a return of 214%.
Tata Teleservices
This company is a company of Tata Group, which provides its services in the telecommunication sector. The company is a leading player in providing mobile connectivity and services across Maharashtra and Mumbai.
On 31 December 2019, the stock of this company was trading at Rs 2.25 which reached Rs 7.59 on 24 December 2020 giving a return of 237%.
Marksans Pharma
Marksans Pharma is a global pharmaceutical company that operates its business in research and development, as well as provides Customer Relationship and Asset management system (CRAM) facilities to many global pharmaceutical companies.
The stock of this company was trading at Rs 16.71 on 31 December 2019, which reached Rs 58.05 on 24 December 2020 giving a return of 247%.
Bombay Rayon Fashions
Bombay Rayon Fashions Ltd (BRFL) is a textile company established in 1986. This company is manufacturing various types of Fabrics and Garments since last 25 years.
The stock of this company was trading at Rs 4.20 on 31 December 2020, which reached Rs 13.44 on 24 December 2020 giving a return of 220%.
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