NSE penny stocks under ₹100

What actually counts as a "penny stock"?

There's no single official line. In the US, regulators generally mean shares under $5; in India, market convention is looser and inconsistent — sometimes "under ₹10," sometimes just "low-priced" relative to the rest of the market. The ₹100 cutoff used on this page is a screening convenience we chose, not a regulatory definition.

A low share price by itself says nothing about whether a company is small, undervalued, or a good investment. It's usually just a function of how many shares are outstanding, or a stock's own history (a split, or a long decline from a much higher price) — not its actual size or quality. A ₹90 stock with 100 crore shares outstanding is a far larger company than a ₹9,000 stock with 1 lakh shares outstanding.

Key risks specific to this category

• Liquidity risk — many penny stocks trade thinly, so it can be hard to buy or sell at the price you expect, and even modest order sizes can move the price.
• Volatility — single-day swings of 5–20%+ are common here and can happen with little or no company-specific news.
• Wide bid-ask spreads — the gap between buy and sell prices can quietly eat into returns, especially on smaller names.
• Thin coverage — few or no analysts track these companies closely, so public information can be sparse or slow to update.
• Manipulation risk — SEBI has repeatedly flagged low-priced, thinly traded stocks as more susceptible to pump-and-dump activity and circular trading.