Penny stocks are attractive, alluring, and have the capacity to magnetize us with their low pricing – After all, in just small amounts they come in huge numbers. Priced between Rs. 4.00 to Rs. 90, these stocks are perfect multibaggers that either have the capacity to double-triple our profits within a short span of time (sometimes a year) or can literally change our fortune when kept for the long term.
Even swing traders and positional traders can benefit from them. Statistically, in the calendar year 2021, there were 10 stocks that went over 5000%, 102 stocks that went beyond the 1000% mark, and overall, around 850 penny stocks gave double the amount in just 18 months. Historically, there are shares like Titan (2500+), Bajaj Finance (6900+), Kotak Mahindra (1700+) that became large-cap but 20-22 years ago were trading below 5 rupees. Yes, they were all penny stocks.
With that note, let’s check out the safe reputed penny stocks to buy in 2022 that can either double or triple your money in a short span or can give you some long-term returns –
4 Dividend Giving Reputed Penny Stocks to Buy in 2022
Yes, surprisingly, in our list of 2022 penny stocks there are four stocks that are giving huge and regular dividends year after year. These are government-owned stocks and are completely safe unlike a few penny stocks that can wipe off your investments
SJVN Ltd (Scrip: SJVN LTP: 27.35), PNB Gilts Ltd (Scrip: PNBGILTS LTP:61.80), NHPC Ltd. (Scrip: NHPC LTP: 27.30), Rail Vikas Nigam Ltd. (Scrip: RVNL LTP: 34.05)
While SJVN has a record of 7-10% dividend yield, PNBGILTS have been consistently giving dividends in the range of 10 to 14%. The annual dividend yield of NHPC and RVNL is 6% which is more than several bank FD rates as of now.
These are four good dividend penny stocks that you can invest in 2022- it can not only increase your profits but also give you dividends in the meantime which is obviously more than your normal FD rates – so why keep the money in the bank, when you can buy these shares?
Also Read: 11 Top Dividend Stocks Whose Dividend Yield Is More than FD Interest Rates
Buy These Penny Stocks of 2022 to Gain Profits in Short-Term as well as Long-Term
Energy and Power Stock – SUZLON, RPOWER, JPPOWER
Over the years there have been questions about whether to buy or not to buy Suzlon. However, with the future moving in the favour of green and clean energy and our government bringing new initiatives for this sector, looks like Suzlon once again will have its field day in the future. It is one stock that can finally give its investors huge profits. Interestingly, the company has started to show profits in 2021 and with green and clean energy being the future, it wouldn’t be much difficult for Suzlon to cross its lifetime high.
The fall of PayTM’s IPO reminded many of Reliance Power Ltd (RPOWER). Once this stock traded in the 250s and for years it floated around 80s and 90s, the stock is currently trading at Rs. 13.00 and with a change in management the stock price is expected to rise.
JP POWER is another penny stock that could have been bought at such a low price of Rs. 6.85 since it can go much higher in long term. However, the stock is on the ASM list and too much promoter holding pledged.
Banks – Indian Overseas Bank (IOB), Bank of Maharashtra, Yes Bank
At 17.90 you can buy IOB Bank shares – As of now, it has a good entry point, and also the fundamentals look good. On the other hand, YES BANK at Rs. 12.70 is near to its 52-week low and if the promoters and management once again try to change its game, the share does have the potential of flying high in the range of 300s like it used to once upon a time. At 17.45, you can also buy Bank of Maharashtra (MAHABANK) which is quite near to its 52-week low price.
These are some of the safe reputed penny stocks to buy in 2022. You can double or even triple your investment in a few months and/or years without having to worry much about the negativity that goes around penny stocks – from their liquidity to manipulation by promoters and/or the sinking of the company. However, make sure you keep a watch on them on a regular basis so that things do not go out of your hands at any given time.
Also Read: Will You Earn Profits from Investing in Penny Stocks in 2022?
