Last Updated on May 21, 2024 by Srishti Mathur
Stocks under Rs. 20 are much adorned by investors due to their low prices. Even retail investors have an affinity for stocks under Rs. 20. However, among 5,000+ stocks available on the market, how do you find the best stocks under Rs. 20? Well, in this blog, let’s dive into identifying the best stocks below Rs. 20 on NSE with the help of Tickertape Stock Screener.
Table of Contents
Best Stocks Under Rs. 20 in India
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | 5Y Avg Net Profit Margin (%) | Return on Equity (%) |
| Mishtann Foods Ltd | FMCG – Foods | 1,995.96 | 18.78 | 3.33 | 39.73 |
| M K Proteins Ltd | FMCG – Household Products | 382.88 | 10.00 | 2.54 | 23.68 |
| Goldstar Power Ltd | Batteries | 333.38 | 13.85 | 2.53 | 16.69 |
| G G Engineering Ltd | Auto Parts | 299.49 | 2.14 | 1.53 | 18.84 |
| Rajnandini Metal Ltd | Metals – Diversified | 298.60 | 10.85 | 0.93 | 38.52 |
| Sanmit Infra Ltd | Real Estate | 276.51 | 17.50 | 2.56 | 17.56 |
| Madhav Infra Projects Ltd | Construction & Engineering | 262.84 | 9.75 | 1.25 | 21.54 |
| DRC Systems India Ltd | Advertising | 258.31 | 19.50 | 4.71 | 32.64 |
| Maximus International Ltd | Commodities Trading | 249.30 | 19.94 | 5.93 | 18.49 |
| Bodhi Tree Multimedia Ltd | Movies & TV Serials | 223.05 | 17.85 | 6.79 | 19.11 |
Note: The data in the above table is from 25th April 2024. These best stocks under Rs. 20 are filtered using Tickertape Stock Screener using the following parameters:
- Close Price: Set to 0.02 – 20
- 5Y Average Net Profit Margin: Set the limit to 10 to High (Sort from highest to lowest)
- 5Y Average Return on Equity: Set the limit to 10 to High
🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.
Invest in the Best Penny Stock Portfolios Managed by SEBI Experts
Did you know that you can invest in the best penny stock portfolios that are managed by SEBI-registered experts?
Let’s learn about smallcase.
A smallcase is a basket or portfolio of stocks/ETFs representing an idea – an objective, theme, or strategy. They help investors build a low-cost, long-term & diversified portfolio with ease. smallcases are created and managed by SEBI-registered investment professionals (also known as smallcase managers).
Among 500+ smallcases, here are some of the top penny stocks smallcases:
Note: These smallcases are mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.
Disclosures for Penny Stocks Basket smallcase
Disclosures for Penny Stocks Gulluck with Midcap and Largecap smallcase
About the Best Shares Under 20 Rs in 2024
Mishtann Foods Ltd
As of 25th April, Mishtann Foods Limited is the top stock under the list of best stock under 20 Rs. from Tickertape Stock Screener. It is an Indian-based manufacturer of fast-moving consumer goods. Under the brand name Mishtann, the company manufactures and distributes wheat, toor dal, and basmati rice across the Indian market. As of 25th April, the company has a market capitalisation of Rs. 1,995.9 cr. and is 5.67x as volatile as Nifty. Over the last 5 years, the company’s net income has grown at a yearly rate of 54.84%, vs industry avg of 13.47%. In terms of market share, it has also increased from 0.48% to 0.51%, in the last 5 years. Check out the stock evaluation on the Tickertape Scorecard here.
M K Proteins Ltd
M.K. Proteins Ltd. is currently engaged in the production of vegetable refined oils, with a refining capacity of 250 tons per day. They refine rice bran, sunflower, cotton seed, soya bean, palm, and canola oil at a manufacturing facility in Ambala, Haryana. As of 25th April, the company had a market capitalisation of Rs. 382.8 cr. and is 6.24x as volatile as Nifty. Over the last 5 years, revenue has grown at a yearly rate of 13.06%, vs industry avg of 11.06%. The small cap company’s performance exhibits good signs of profitability & efficiency as the profit score is 7.3/10 and cash flow score is 6.5/10. Learn more about the company’s growth, valuation, and performance on the Tickertape Scorecard now!
Goldstar Power Ltd
Goldstar Power Limited manufactures batteries and their components and supplies its products to diverse industries, including inverter/UPS manufacturers, automotive, general industrial applications, and solar energy storage. As of 25th April, the company’s market capitalisation was of Rs. 333.38 and is 5.76x as volatile as the Nifty. Over the last 5 years, revenue has grown at a yearly rate of 3.29%, vs industry avg of 4.51%. However, the company’s market share has decreased from from 0.19% to 0.18%, over the last 5 years. Click here to learn more about the stock’s past performance in the stock market only on Tickertape!
G G Engineering Ltd
G G Engineering Limited is an original equipment assembler (OEA) for Ashok Leyland and Perkins engines. The company specialises in producing diesel generation (DG) sets from 10 to 2250 kilovolt-amps (KVA). As of 25th April, the company has a market capitalisation of Rs. 299.49 cr. and is 7.02x as volatile as Nifty. Although the profitability is average, the company revenue has grown at a yearly rate of 37.82%, vs industry avg of 8.3%, over the last 5 years. Explore further details regarding the company’s historical profitability trends and overall performance on the Tickertape Scorecard.
Rajnandini Metal Ltd
Rajnandini Metal operates in trading ferrous and non-ferrous metals. It offers a wide range of products, such as copper wires, ingots, rods, aluminium, brass, zinc ingots, and assorted metal scrap materials. As of 25th April, the company had a market capitalisation of Rs. 298.60 cr. and is 5.26x as volatile as Nifty. The company represents strong financials and growth over the years as the revenue has grown at a yearly rate of 49.07%. Furthermore the company’s market share has increased from 0.12% to 0.59%, over the last 5 years. Check out more about the company’s past profitability trends and performance in general on the Tickertape Scorecard.
Sanmit Infra Ltd
Sanmit Infra Limited operates within the real estate sector, focusing on activities such as seaway development, bridge construction, business mall establishment, and boat house creation, among others. As of 25th April, the company has a market capitalisation of Rs. 276.51 cr. and is 5.14x as volatile as Nifty. Over the last 5 years, revenue has grown at a yearly rate of 20.71%, vs industry avg of 0.09%. Furthermore the small cap real estate company’s market share has increased from 0.08% to 0.19%. On the Tickertape Scorecard, the company is showing good signs of profitability and efficiency with a score of 6.8/10 in terms of cash flow and a score of 7.3/10 in terms of profit.
Madhav Infra Projects Ltd
Madhav Infra Projects Limited is actively involved in executing infrastructure development projects. The company operates in three distinct segments: Civil and EPC Contract, Trading, and Solar Power Generation. As of 25th April, the company has a market capitalisation of Rs. 262.84 cr. and is 6.44x as volatile as Nifty. Over the last 5 years, revenue has grown at a yearly rate of 6.26%, vs industry avg of 8.06%. Additionally, the net income has grown at a yearly rate of 34.17%, vs industry avg of 14.19%. The Tickertape Scorecard for the small cap company showcases a profitability score of 7.4/10 in profit, and a score of 7.4/10 in cash flow. Get a more detailed stock analysis on the Tickertape Scorecard today!
DRC Systems India Ltd
DRC Systems is engaged in software development services. The company offers a complete range of IT services, including mobile app development, website development, AI and automation, enterprise solutions, cloud-based services, digital marketing services, and various others. As of 25th April, the company has a market capitalisation of Rs. 258.31 cr. and is 5.50x as volatile as Nifty. Over the last 5 years, revenue has grown at a yearly rate of 19.51%, vs industry avg of 23.29%. The company’s market share decreased from 0.34% to 0.27%. On the Tickertape Scorecard, the stock ranks higher in profitability with a score of 8.5/10 in profit and 7.1/10 in cash flow. Check out more on the Tickertape Scorecard here!
Maximus International Ltd
Maximus International Limited (MIL), a subsidiary of Optimus Finance Limited (listed on the Bombay Stock Exchange), is a Vadodara-headquartered non-banking financial institution authorised by the Reserve Bank of India. MIL trades in lubricants, oil-based products, plastic additives, herbal pesticides, and other commodities. As of 25th April, the company has a market capitalisation of Rs. 249.30 cr. The Tickertape Scorecard demonstrates a positive trend in profitability with a score of 7.5/10 in profit and 6.7/10 in cash flow. Learn more about this stock by evaluating it’s Tickertape Scorecard here.
Bodhi Tree Multimedia Ltd
Bodhi Tree Multimedia Limited is an Indian-based company specialises in offering localisation services catering to the television, film, and digital sectors. As of 25th April, the company has a market cap of Rs. 223.05 cr., and has exhibited high annualised returns, with a 5-yr CAGR of 953.10%. On the Tickertape Scorecard, the stock ranks higher in profitability, with a net profit margin of 7.59%. Check out more on the Tickertape Scorecard here!
Factors to Consider Before Investing in Stocks Under Rs. 20
Risk is essential to consider before investing in stocks below Rs 20. While many of these semi-penny stocks have generated mass wealth for investors, many others have failed on the markets. Note that these stocks can be the worst performers in the case of market turndowns. Also, a majority of these stocks may deal with liquidity issues.
Investment horizon, sector, and timing are other essential factors you need to consider before investing.
Advantages of Investing in the Best Rs. 20 Stocks
Investing in stocks priced under Rs. 20 can offer several advantages like:
- Affordability: These stocks are generally considered affordable, allowing investors with limited capital to participate in the stock market. This accessibility enables individuals to build a diversified investment portfolio.
- Higher Volatility: Stocks priced under Rs. 20 often exhibit higher volatility compared to higher-priced stocks. While volatility can present risks, it also creates opportunities for potentially higher returns. Investors willing to tolerate short-term price fluctuations may benefit from the potential for significant gains over time.
- Increased Liquidity: Additionally, stocks priced under Rs. 20 may attract attention from retail investors and traders looking for market opportunities. Increased trading activity can contribute to liquidity in these stocks, allowing investors to buy and sell shares more easily.
Risks of Investing in the Best Stocks Under Rs. 20
Investing in the top gainers’ share under 20 Rs can have significant limitations. Let’s look at some of them:
- Limited Information: Companies with stocks under 20 Rs. may not always adequately disclose information regarding their financial health and operations, potentially resulting in investment decisions being made on incomplete data.
- Risk of Delisting: Companies with consistently low share prices face a heightened risk of delisting, as they may fail to meet the minimum price requirements established by stock exchanges.
- Susceptibility to Market Sentiment: Best stocks under 20 Rs. can be more susceptible to market sentiment and speculative trading, which can lead to erratic stock price movements unrelated to the company’s fundamentals. In case you are wondering what is today’s market sentiment, click here.
How to Invest in the Top Gainers’ Share Under Rs. 20?
Investing in the top gainers’ shares priced under Rs. 20 requires a strategic approach. Begin by conducting thorough research to identify stocks showing consistent upward momentum within this price range. You can utilise reliable financial platforms or tools like Tickertape Stock Screener to track market trends and identify potential top performers. With over 200 filters, custom filter feature, custom universe, and various pre-built screens, it is easy to get best stocks under Rs. 20 based on your preferred criteria.
If you have already shortlisted stocks, then you can add a watchlist and connect it to TT Stock screener for further analysis. Additionally, you can invest in those stocks directly from Tickertape in a few clicks. Check out more about the Tickertape Stock Screener here!
Conclusion
Timing is arguably the most crucial factor to consider when investing in the stock markets. The right stock picked at the right time can turn your fortunes. Investing in semi-penny stocks can benefit if the company has growth potential and your research is viable. But remember that investing in any stock attracts considerable risk, magnified manyfold with semi-penny stocks.
Therefore, with Tickertape, you can select the stocks as per your risk appetite using over 200 filters, including volatility, debt to equity ratio, fundamental score, earnings quality rank, etc. Additionally, on asset pages, get the latest penny stock prices, their quantitative analysis via financial information, Scorecard, forecasts, company updates, and much more.
So, research, analyse, and invest quicker than before with Tickertape. Become a Pro Member today!
Frequently Asked Questions on the Best Penny Stocks Under Rs. 20
What are penny stocks?
Stocks trading at a low value and having a small market capitalisation are called penny stocks. These usually trade lower than Rs. 10.
Which are the best stocks below Rs. 20 in India today?
The top-performing stocks below Rs. 20 in India today are as follows –
– Mishtann Foods Ltd
– M K Proteins Ltd
– Goldstar Power Ltd
– G G Engineering Ltd
– Rajnandini Metal Ltd
Note: As of April 25 2024, the best stocks below Rs 20 are sorted according to their 5Y average net profit margin (Sort from highest to lowest) and 5Y average return on equity.
What are the 4 most active shares below Rs. 20?
The most active stocks under 20 Rs share list 2024 are:
– TMT (India) Ltd
– Jayatma Enterprises Ltd
– Mercury Trade Links Ltd
– Athena Constructions Ltd
Note: As of April 25 2024, the most active stocks under 20 Rs are sorted according to their relative volume (Sort from highest to lowest).
How to get under Rs. 20 share list on Tickertape?
To get the list of the best stocks under 20 Rs you can follow these simple steps:
(a) Visit the Tickertape website.
(b) Launch ‘Stock Screener’ and set the ‘Closed Price’ limit to Rs. 20 as per your preference.
(c) At last, sort the stocks based on a parameter you prefer; it can be the market cap, returns, etc.
Which is the best stock under Rs. 20 in 2024?
As of 25th April 2024, based on 1 year return, the best stock under Rs. 20 is Avance Technologies Ltd, which recorded the highest return of 627.27% in the past month.
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As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.
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