Penny stocks in the IT sector have always been attractive to investors, especially those who are looking for big returns with less capital. Penny stocks are small-scale companies, that have low prices but their growth possibility is very high. There are many such companies in the IT sector too, by investing in penny stocks one can earn good profit. In this article, we will talk about 5 best penny stocks, which are related to the IT sector.
1. Vakrangee Ltd.
Price - ₹20-₹25
Vakrangee Ltd. is a technology-driven company that provides many services for the government and private sector. The company specializes in services like e-governance, banking and insurance. Vakrangee has made its mark in the market by focusing on digital platforms and cloud-based services. Its long-term outlook is positive and it is building a strong position in the IT sector.
2. Infibeam Avenues Ltd.
Price - ₹10-₹15
Infibeam Avenues is a digital payment and e-commerce service provider that provides payment gateways and aggregated digital solutions. The company is focused on technology growth and its client base is constantly growing. With the growing trend of digital payments and online transactions, this company is emerging with a strong capacity.
3. Subex Ltd.
Price - ₹30-₹35
Subex Ltd. is an IT solution provider company that mainly works in analytics, blockchain and AI-driven solutions. This company is making its mark in data security and fraud management solutions. Subex's growth story looks quite positive according to the trends in the technology sector.
4. Sonata Software Ltd.
Price - ₹700-₹750 (Although it has moved out of the penny stock category, its early investors got good returns as a penny stock.)
Sonata Software has expertise in IT solutions, cloud computing and digital transformation. It is a mid-sized company focused on business transformation and technology solutions. The company's outlook is positive for future growth and it is a good option for long-term investment.
5. Kellton Tech Solutions Ltd.
Price - ₹30-₹35
Kellton Tech Solutions works with the latest technologies like digital transformation, AI, and IoT. The company's strategy includes technology growth and digital solutions, which will help it grow further in the future. Its client base and industry impact make it a potential growth stock.
Conclusion -
Investing in penny stocks is risky, but companies in the IT sector have tremendous growth potential. Companies like Vakrangee, Infibeam Avenues, Subex, Sonata Software, and Kellton Tech Solutions can provide long-term profits to investors. However, before investing in these stocks, investors should do thorough analysis and research to avoid financial losses.
It would be better to invest in these stocks keeping in mind personal financial goals and risk capacity.