Best 5 Penny Stocks Of IT Sector

Are you crazy to get the best 5 penny stocks of it sector? so you have come to the right article where you may get proper-analyzed penny stocks.

At the moment of analysis, we tried to analyze by the technical analysis & fundamental analysis and after that, we presented these penny stocks.

I expected that after reading this article it can be very helpful, by which you could make a good investment.

Best 5 penny stocks of it sector

As you know very well that penny stocks are those stocks that trade at a price of under Rs.10, and that have low strengths & company essentials.

Best 5 Penny Stocks Of IT Sector
Best 5 Penny Stocks Of IT Sector

But, we have analyzed the best 5 penny stocks of it a sector that trades under Rs.200, and It has good strengths and future growth.

As you are searching for the best it sector penny stock that has been discussed just ahead.

1. 3I Infotech Ltd

Just as important in this part I am going to talk about the company and its services which are more important to know.

About 3I Infotech Ltd

3I Infotech Ltd was founded as ICICI infotech ltd. It is an Indian information technology company, it was listed on the NSE on 01 April 2005.

The company gives software it and business processes for various industries like capital, banking, markets, mutual fund, etc. Operated by Mr. Thompson P. Gnanam.

3I Infotech Ltd Fundamental Analysis

Accordingly, the fundamental analysis we have mentioned in this table is the market cap, debt, and market value.

Fundamental TermsExplanation
Current Share PriceAs of the date of 04, September 2022 3i infotech share price is trending at Rs.47.55.
Market CapThe current market cap of this share as of September 04, 2022, is Rs.0.
Price To Earnings RatioAt present, the P/E ratio of 3i info ltd is 0.
Enterprises ValueThe current enterprise’s value is Rs.0.
EV/EBITDAIts EV/EBITDA is 14.19.
Current CashThe current cash of the company is Rs.0.
Total DebtIt is factually debt free.
Sales GrowthSales growth over the session of this share is 0%.
Profit GrowthIt has a profit growth of 0%.

As the data given in this table is lower than other penny stocks of it sector, but 3i infotech ltd is a debt-free company.

2. ABM Knowledgeware Ltd

Now, we will talk about ABM Knowledgeware, its business model, and more additional points about it.

About ABM Knowledgeware Ltd

It is one of the best it software and services companies in India with a focus on e-governance since 1998. It also works for category leader municipality blocks.

ABM Knowledgeware Ltd has attained adorable success in its niche domains inspired by the growthful focus of Indian states. Its mission is to provide customers the better value by continuously building techno function capabilities, similar to HCL Tech.

ABM Knowledgeware Ltd Fundamental Analysis

If you just want to know the fundamental analysis of this penny stock, that has mentioned in this table.

Fundamental TermsExplanation
Current Share PriceThe ABM’s current price is Rs.89.
Market CapThe present market cap of this stock is Rs.180.72 Cr.
Price To Earnings RatioThe current P/E ratio of ABM is 13.97.
Enterprises ValueThe enterprises’ value of ABM is Rs.128.52 Cr.
EV/EBITDAIts EV/EBITDA is 8.28.
Current CashThe actual cash of the company is Rs.52.20 Cr.
Total DebtIt has total debt of Rs.0.
Sales GrowthSales growth over the session of ABM is 22.21%.
Profit GrowthIt has an aggressive profit growth of 27.93%.

As discussed about the fundamental analysis in which its market cap is highly maintained compared with other weak penny stocks.

3. ACE Software Exports Ltd

Here, we will know about Ace software exports ltd, its business structure, and fundamental analysis which is more important to learn.

About ACE Software Exports Ltd

It was built in the year 1994 and it is effective in catering to the outsourcing needs of publishers & other companies. Ace software exports ltd is operated by Mr. Vikram Sanghani and Sanjay Dhamsania.

The company engaged in document management, e-publishing, optimal process engineering, etc. It has always been a profitable and growth-oriented company.

ACE Software Exports Ltd Fundamental Analysis

Now, again we are going to consider its fundamental analysis which is mentioned below.

Fundamental TermsExplanation
Current Share
Price
The current price of this share is Rs.18.70.
Market CapThe current market cap of Ace software exports ltd is Rs.8.78 Cr.
Price To Earnings RatioThe P/E ratio of this stock is 0.
Enterprises ValueThe current enterprise’s value of the Ace is Rs.8.27 Cr.
EV/EBITDAIts EV/EBITDA is -147.18.
Current CashThe present cash of the company is Rs.0.52 Cr.
Total DebtIt has total debt of Rs.0.01 Cr.
Sales GrowthSales growth of the Ace software is 23.38%.
Profit GrowthThe company’s profit growth of 66.15%.

Comparatively, the Ace market cap is innovative and it is a good metric that it has minimum debt.

4. Ajel Ltd

In this object, we are going to know about Ajel ltd, products, services, fundamental analysis, etc.

About Ajel Ltd

Ajel ltd was incorporated in the year 1994. It has situated in Mumbai, with courier centers. The company’s whole-time director is Mr. Narendra Parupalli.

It is a software company that provides information technology services for agile businesses such as information management, enterprise solution, and business technology solution, know about Wipro Ltd.

Ajel Ltd Fundamental Analysis

If you want to know the company’s fundamental analysis so please look at the table and know about it.

Fundamental TermsExplanation
Current Share
Price
The trending share price of this share is Rs.9.12.
Market CapThe Ajel market cap is Rs.10.62 Cr.
Price To Earnings RatioIt has a P/E ratio of is 0.
Enterprises ValueThe enterprise’s value of this company is Rs.12.69 Cr.
EV/EBITDAIts EV/EBITDA is -84.93.
Current CashTotal cash of it is Rs.0.12 Cr.
Total DebtIt has total debt of Rs.2.18 Cr.
Sales GrowthIt has a sales growth of -18.08%.
Profit GrowthProfit growth of it is 10.51%

When we go through the company’s fundamental analysis, Ajel ltd is fundamentally well maintained.

5. Ceinsys Tech Ltd

Lets, we will talk about the company and a full analysis of this share that is explained one by one ahead.

About Ceinsys Tech Ltd

Ceinsys tech ltd is a technology-operated company that specializes in enterprises and engineering services. Its chief executive officer is Mr. Prashant Kamat and the managing director is Dr. Abhay Kimmmatkar.

It has different interests in the area of basic and professional education, banking, infrastructure, IT, textile power, etc.

Ceinsys Tech Ltd Fundamental Analysis

As you can see in the chart we have included the major fundamental points of this share like market cap, cash, sales growth, etc.

Fundamental TermsExplanation
Current Share
Price
Its share price is Rs.177.90.
Market CapThe valuable market cap of this share is Rs.265.27 Cr.
Price To Earnings RatioThe P/E ratio of Ceinsys tech ltd is 52.97.
Enterprises ValueThe enterprise value of this company is Rs.342.24 Cr.
EV/EBITDACeinsys tech EV/EBITDA is 17.53.
Current CashIt has total cash of Rs.9.68 Cr.
Total DebtIt has total debt of Rs.86.65 Cr.
Sales GrowthSales growth over the session of Ceinsys tech is -6.15%.
Profit GrowthThe Company has a resourceful profit growth of -88.97%.

The data given in the chart its sales and profit growth are not good but, technically the share price can grow as Arvind Ltd.

Q. Which penny stocks will grow in 2023?

Ans. Vikas lifecare Ltd, Radhe developments ltd, and Vishwaraj sugar ltd will grow in 2023.

Q. Which are the best penny stocks of it sector?

Ans. Alok industries ltd, Ceinsys tech ltd, and Ajel ltd are the best penny stocks of it sector.

Conclusion

In this article, we knew the full analysis of the best 5 penny stocks of it sector in which we tried to cover about the company, business model, future growth, and developments by technically & fundamentally, here we hope you can learn more about these penny stocks.

If you want to see more like this article so please asap share name and regard queries in the comment section and stay with us.

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