Here is a list of about 20 penny stocks with good business fundamentals. These are existing businesses, earning profits and paying dividends regularly.
I feel some of these penny stocks may give multibagger gains and require to be studied carefully.
Balasore Alloys produces different types of Ferro Alloys. The producer of stainless steel & tool steel is the largest consumer of ferrochrome and charge chrome.
Gallantt Metal (GML) producers all kinds of iron and steel products such as sponge iron, pig iron, cast iron, bars, rods, billets, Captive power plant, etc.
Kamdhenu manufactures thermo-mechanically treated (TMT) steel. The Company's segments include steel, paints and power (wind mills).
Maan Aluminium is engaged in the business of Aluminium Extrusion. It supplies its products in both heat treatable and non-heat treatable alloys and include over 10,000 shapes and tools among others.
RCI Industries is one of the leading manufacturers and exporters of brass and copper foils/coils/strips & copper wires.
Sandur Manganese & Iron Ores is engaged in the mining of manganese ore and iron ore and manufacturing of ferro-alloys.
CMI is into development of various types of cables in the field of telecommunication, railways and other specialty cables in the country to meet requirement of core sectors in infrastructure.
Goldstone Infratech is engaged in manufacturing polymer insulators. The Company's products include power utilities and 25 kilovolts (KV) railway traction. The company has also developed and tested approximately 1,200 KV insulators for Power Grid Corporation of India.
High Ground Enterprises (HGEL) is primarily diversified and operates under two niche verticals, EPCM (Engineering Procurement and Construction Management) that caters to oil & gas sector, water sources/hydro projects, waste management and infra & support services/consulting. The other vertical of the company caters to allied media services (M&A).
Om Metals Infraprojects is a conglomerate having diverse business activities and interests related to hydro mechanical equipment, turnkey solutions for steel fabrication.
Nila Infrastructures participates in urban development in the form of EPC/turnkey projects of affordable housing schemes floated by government authorities. It is involved in public infrastructure development projects and has put its extensive land bank to use by coming up with residential real estate schemes that range from affordable flats to premium apartments. Nila Infrastructures holds prime commercial property in Ahmedabad, which is leased to reputed corporates.
Ashapura Intimates Fashion is a fashion house engaged in designing, branding, marketing and retailing of intimate garments for men, women and children.
Veto Switch Gears and Cables. The company is engaged in manufacturing of wires & cables, Electrical Accessories & all type of range of led lighting, CFL & fans.
Innovative Tech Pack serves reputed clients from FMCG and pharma with products like jars, bottles, caps, closures and dispensers in PET, PP, HDPE and PCTA.
Bliss GVS is a fast-growing pharmaceutical company that is among the world leaders in Suppositories and Pessaries dosage forms with one of the largest portfolios in this segment.
SMS Pharmaceuticals is a global player in API (active pharmaceutical ingredients) manufacturing and has four multi-product facilities in operation and two research centres.
Jindal Worldwide is into weaving, manufacturing and finishing of textile.
SVP Global Ventures (SVP)is a diversified yarn manufacturing company having a wide product portfolio ranging from cotton, blended yarn, open-end yarn to superior yarns such as compact yarns.
Confidence Petroleum is India's leading LPG Bottler & largest LPG cylinder manufacturing company.
Multibase India is a company engaged in the business of manufacturing of high-technology thermoplastic elastomeric compounds.
PG Electroplast is a diversified electronic manufacturing services and plastic injection moulding company catering to leading OEMs in consumer electronics and automotive Industry.
Shivalik Bimetal Controls is a company specialised in the joining of material through various methods such as diffusion bonding /cladding, electron beam welding, solder reflow and resistance welding, etc.
Shreyans Industries has two paper manufacturing units manufacturing writing & printing paper, from agro-based raw materials.
List of 20 penny stocks and small cap which may give good gains
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