The 20 Best PSU Penny Stocks to Add to Your Watchlist in 2025

In 2025 many people will want to come into Investing, Trading, and financial markets for a secure future but lots of people don’t have any knowledge of these things. Now, So Today I will go to talk about PSU penny stocks.

You can invest in the stocks of these companies; all these stocks can be purchased for less than 200 rupees and you can earn a good profit, all these stocks are called PSU penny stocks.

Investing in PSU penny stocks in India offers a great prospect of participating in the economic growth of the country. This category of stocks is usually available at prices below ₹200 and is largely made up of government-owned companies operating in different sectors.

While they are often risky, owing to their low pricing and volatility in the marketplace, some PSU penny stocks show adequate fundamentals and growth potential.

This article reviews the names of the top PSU penny stocks in India along with the operational facts, financial analysis, and their future outlook.

1. MMTC Ltd.

Current Price: 71.47

52- Week Range: ₹ 62.20 – ₹ 131.88

Metals and Minerals Trading Corporation of India (MMTC), one of the largest trading entities in India, mostly deals with minerals, precious metals, agro products, and fertilizers.

Although in the last few years, MMTC has gone through operational difficulties, it remains an important player in the field of import-export in the country.

Its strategic significance and potential government divestment plans might also unlock value for the shareholders.

2. Gujarat Industries Power Company Ltd. (GIPCL)

Current Price: ₹ 212

52- Week Range: ₹ 151.40- ₹269.90

GIPCL, located in Gujarat, is itself engaged in power generation diversified into thermal (gas and lignite), wind, and solar power plants.

A quick insight into their financials for 2022 shows gloom and doom for GIPCL, given that its gas power plant was not functional.

It has knocked around for capital expenditure worth thousands of crores into renewable energy projects, tackling explorations in green hydrogen.

GIPCL has declared dividends consistently since 1997, therefore reflecting the company’s commitment to the shareholders.

3. NHPC Ltd.

Current Price: ₹80.40

52 Week Range: ₹70.15- ₹118.40

National Hydro-Power Corporation (NHPC) is a leading PSU engaged in generation through hydroelectric resources.

The company has developed a facility portfolio that comprises hydro, solar, and wind power projects.

NHPC is very much in demand for strategic initiatives in renewable energy and consistency of financial results for all the right reasons to ensure it deserves a mention here.

4. Jaiprakash Power Ventures Ltd.

Current Price: ₹16.73

52 Week Range: ₹14.35- ₹24.00

Jaiprakash Power Ventures is involved in the generation of electricity through both thermal and hydropower plants.

The company owns power plants across various states of India and has focused on improving its business performance.

The latest financial reports show encouraging turnaround signals, with the company making profits after consecutive losses.

5. RattanIndia Power Ltd.

Current Price: ₹11.93

52 Week Range: ₹7.90- ₹21.10

RattanIndia Power is engaged in the generation of electricity. The company has power plants in Maharashtra and has been restructuring its operations to enhance efficiency.

RattanIndia Power has opted for debt reduction and operations optimization to pursue its position for possible growth in the power sector.

6. Punjab & Sind Bank

Current Price: ₹49.20

52-Week Range: ₹40.64- ₹77.50

Punjab & Sindh Bank is a very reliable mid-sized public sector bank that has its stronghold in Northern India.

The main task it has undertaken is to enhance its asset quality and create an appropriate digital platform.

The recent finance details declare decreased net profit but calm optimism in capital formation and operational efficiency over a long time may deliver results.

7. Bank of Maharashtra

Current Price: ₹51.39

52-Week Range: ₹27.35 -₹73.50

Bank of Maharashtra runs an exhaustive network of branches across India.

The bank has put up rose growth in the last few quarters with healthy catapulting of corporate credit and retail credit growth.

Therefore, through an appropriate expansion in the capital and becoming a fully digital bank, the Bank of Maharashtra is set for sustained growth.

8. Engineers India Ltd.

Current Price: ₹174.65

52-Week Range: ₹112.85-₹303.90

Engineers India is one of the important engineering consulting and EPC companies that work across sectors such as infrastructure, solar and nuclear power, water and waste management, fertilizers, oil, and gas.

The company’s diversified portfolio of projects and strategic initiatives with a foray into green technologies place it in a good position for future growth.

Engineers India has a good record of dividend payments and is debt-free.

9. NBCC (India) Ltd.

Current Price: ₹96.99

52-week Range: ₹25.47-139.83

National Buildings Construction Corporation (NBCC) is involved in project management consultancy, engineering procurement construction, and real estate development.

The company has a good order book and is involved in high-value projects in the government sector. Debt-free, it offered a good avenue to investors, always coupled with good dividends since 2007.

10. Gujarat Mineral Development Corporation (GMDC)

Current Price: ₹334.90

52-week Range: ₹164.10 – ₹506.00

GMDC is in the mining and processing of minerals—lignite and fluorspar. The company is interested in power production and undertaking mining projects.

No doubt, GMDC has seen bad years but zero debt and a dividend paid out since 1997, considered to be its worthy stand from a financial point of view.

Initiatives undertaken by the company in the mining sector are bound to drive growth in the future.

11. Indian Overseas Bank (IOB)

Current Price: ₹50.64

52-week Range: ₹24.45 – ₹83.75

Indian Overseas Bank is a public sector bank with an assortment of products and services inclusive of various banking facilities.

The bank has been busy meeting the avenues of growth by improving asset quality and operational efficiency. With digitization and props to capital reserves, IOB will likely experience better financial stability and growth prospects.

12. Bharat Electronics Ltd. (BEL)

Current Price: ₹283.90

52-Week Range: ₹120.75 – ₹340.50

Bharat Electronics is a defense and aerospace player, engaged in the design, manufacture, and supply of electronic equipment and systems.

With a diversified product portfolio and strategic collaborations in the defense and aerospace sectors, BEL is poised for sustained growth.

The financial performance of the company is also impressive, with a consistent dividend payout.

13. Scooters India Ltd.

Current Price: ₹ 78.8

52-Week Range: ₹28.70 – ₹91.28

Scooters India manufactures two-wheelers and three-wheelers. The company has made headway in improving operational efficiency and product portfolio.

Scooters India is poised to drive growth with enhanced market reach and diversification in product offerings.

14. HMT Ltd.

Current Price: ₹67.57

52-Week Range: ₹26.75 – ₹105.00

HMT is engaged in the manufacture of machine tools, watches, tractors, and other engineering products.

The company has begun restructuring to ease its financial operations. The company’s diversification of the product portfolio and operational efficiencies should yield fruitful results.

15. IFCI Ltd.

Current Price: ₹57.47

52-Week Range: ₹11.60- ₹91.40

The Industrial Finance Corporation of India IFCI is a development finance institution that provides financial assistance for industrial development.

The company is engaged in improving its quality of assets and operational efficiencies.

Strategic initiatives on financial restructuring and capital raising by the IFCI should bring in better financial stability and growth possibilities.

16. SJVN Ltd.

Current Price: ₹101.06

52 Week Rang: ₹35.15- ₹170.50

SJVN, a joint venture of the Government of India and the Government of Himachal Pradesh, with hydroelectric power generation in focus.

The company branched out into thermal, wind, and solar power projects.

Financially, SJVN proved resilient and launched multiple key initiatives in solar energy deemed a promising player in the power sector.

17. Rashtriya Chemicals and Fertilizers Ltd. (RCF)

Current Price: ₹₹ 170

52-Week Range: ₹101.15 – ₹245.00

RCF is among the leading manufacturers of fertilizers and chemicals in India.

The company manufactures some commodities of fertilizers and industrial chemicals.

The strategic focus of RCF to expand and diversify further boosts the GP of this company in terms of growth potential.

The company has proven strong financial performance and good dividend payments.

18. Hindustan Copper Ltd. (HCL)

Current Price: ₹247.69

52-Week Range: ₹115.75 -₹415.80

Hindustan Copper Ltd. is one of the biggest suppliers of copper in India. The company is engaged in the mining, beneficiation, smelting, refining, and casting of refined copper metal.

HCL’s strategic moves to increase its mining capacity and better operational efficiency are going to appear as potential growth drivers in the future.

The company enjoys a solid financial position with regular dividend declarations.

19. ITI Ltd.

Current Price: ₹372.00

52-Week Range: ₹106.40 -₹592.70

ITI Ltd. is a giant among telecommunications equipment manufacturers and solution providers in India.

The company is looking forward to adding more segments to its marketing lineup and growing its capabilities in the information technology and telecom sectors.

The company’s diligence for future growth, seeking to introduce digital transformation and innovation, would drive the growth curve.

20. Balmer Lawrie & Co. Ltd.

Current Price: ₹208.78

52-Week Range: ₹129.40 -₹320.45

Balmer Lawrie, much diversified PSU present in sectors of Logistics, Industrial Packaging, Travel and Tourism, and Lubricants.

The strong operational performance of Balmer Lawrie in the strategic offensive makes it poised for enduring growth. With undisguised sustained dividend payments and not much of old debts, it looks prudent to park money into Balmer Lawrie.

Important Notice

Investing in PSU penny stocks requires careful analysis and due diligence. While these stocks provide the opportunity for phenomenal returns, they also entail greater risks due to volatility and company-specific perturbation.

Therefore, assess these companies based on financial fitness, growth potential, and overall industry positioning before making your investment choices.

Such diversification within a portfolio creates an effective shield against risks confronting penny stock investors.