If you are looking to venture into the emerging world of hydrogen penny stocks India, you have come to the right place. India’s commitment to hydrogen powered vehicles, driven by vision of road minister, is creating opportunities in this promising industry. In this article we will discuss about hydrogen penny stocks India and the list of companies involved in hydrogen production.
Table of Contents
Overview of Hydrogen Penny Stocks India
1. Bharat Petroleum Corporation Ltd.
Bharat Petroleum Corporation Limited (BPCL), headquartered in Mumbai, is a prominent Indian company involved in petroleum refining and distribution nationwide. It was established in 1952 and operates in two main areas: downstream petroleum (refining and marketing) and exploration and production of hydrocarbons. As interest grows in hydrogen penny stocks in India, BPCL has a potential role in this emerging industry.
- Current Market Price – ₹ 599.85
- Market Capitalization – ₹ 1,28,615 crore
- A substantial 48.92 return on invested equity over the last year
- A good dividend yield of 4.22%
- Consistent increase in its total assets for past 3 Years
2. NTPC Ltd.
NTPC Ltd., based in New Delhi, is a key player in providing bulk electricity to state utilities in India. It was founded in 1975, it focuses on energy generation and related services. NTPC utilizes diverse power sources like coal, gas, hydropower, solar, and wind. It also offers consulting and project management services. When considering hydrogen penny stocks in India, NTPC Ltd. should be monitored for possible investment opportunities in this emerging sector.
- Current Market Price – ₹ 329.10
- Market Capitalization – ₹ 3,15,093 crore
- The book value of the company is trending up in past 3 years
- Annual net profit is trending up in past 3 years
- Net profit of the company is increasing for past 5 Quarters
- EBITDA is continuously increasing for past 3 Years
- Consistent growth in EPS for past 4 quarters
- Strong return on equity of 13.13% achieved by the company
- Strong net margin of 11.14% achieved by the company
- Annual sales is increasing for 3 consecutive years
3. Oil & Natural Gas Corporation Ltd.
Oil and Natural Gas Corporation Limited (ONGC) is an Indian energy company headquartered in New Delhi. It is involved in exploring, developing, and producing crude oil and natural gas in India and internationally. ONGC was established in 1993 and operates two major business segments: exploration and production, and refining and marketing. As a major player in the Indian energy industry, ONGC is a potential investment opportunity to consider in the emerging hydrogen sector.
- Current Market Price – ₹ 265.5
- Market Capitalization – ₹ 3,31,113crore
- The book value of the company is trending up in past 3 years
- A good dividend yield of 5.41 %
- A good earning yield of 12.66 %
- Strong return on equity of 14.37% achieved by the company
- Consistent increase in its total assets for past 3 Years
4. Gail (India) Ltd.
GAIL (India) Limited, an Indian natural gas company based in New Delhi since 1984, operates both in India and abroad. As an energy sector player, GAIL is involved in various businesses, including pipeline transmission, natural gas sales, and petrochemicals. It you are an investor, GAIL may be a noteworthy option when looking at hydrogen penny stocks India.
- Current Market Price – ₹ 180.50
- Market Capitalization – ₹ 1,14,374 crore
- Net Profit of the company is increasing for past 5 Quarters
- Profit Before Tax of the company is increasing for past 5 Quarters
- Consistent growth in EPS for past 4 quarters
- Strong return on equity of 11.81% achieved by the company
5. Indian Oil Corporation Ltd.
Indian Oil Corporation (IOC), based in New Delhi, is a major player in petroleum industry of India. It was founded in 1959 and operates in refining, transporting, and selling petroleum products. It covers various segments including petroleum product sales, petrochemical sales, and other related businesses. As India explores hydrogen related investments, IOC’s strong position in the energy sector makes it a potential stock to consider in this market.
- Current Market Price – ₹ 167.45
- Market Capitalization – ₹ 2,33,212 crore
- A good earning yield of 20.11%
- A substantial 31.67% return on invested equity over the last year
- A good dividend yield of 4.84 %
- Consistent increase in its total assets for past 3 Years
Hydrogen Penny Stocks India List
| Stock Names | CMP | Market Cap (Cr) | PE Ratio | ROE | EPS |
|---|---|---|---|---|---|
|
Bharat Petroleum Corporation
|
₹599.85
|
₹1,28,615
|
4.44 |
38.75% |
133.41 |
|
NTPC
|
₹329.10 |
₹3,15,093 |
16.16
|
12.45%
|
20.11 |
|
Oil & Natural Gas Corporation |
₹265.50
|
₹3,31,113 |
7.89 |
15.87% |
33.34 |
|
Gail (India)
|
₹180.50 |
₹1,14,374 |
14.18 |
7.25% |
12.27
|
|
Indian Oil Corporation
|
₹167.45
|
₹2,33,212
|
4.98
|
23.15%
|
33.19
|
Note: The above figures have been taken from google finance.
Read also: Top 5 Automobile Penny Stocks in India – Latest 2024
Conclusion
Investing in hydrogen penny stocks India offers a compelling chance for investors to participate in the growth of alternative energy. The government support and the drive toward cleaner fuels create significant growth potential for energy firms, particularly those involved in hydrogen production. By monitoring the industry advancements and the researching investment possibilities, the investors can make informed choices in the hydrogen penny stocks India market.
Disclaimer: Please keep in mind that comprehensive research and expert advise is crucial before making any investment decisions.
Frequently Asked Questions (FAQ)
Hydrogen stocks are the shares of companies which are involved in producing, distributing or using hydrogen as an energy source. As hydrogen becomes more popular as a replacement for fossil fuels, investors who invest in hydrogen stocks can profit from the growing clean energy market.
- Bharat Petroleum Corporation
- NTPC
- Oil & Natural Gas Corporation
- Gail (India)
- Indian Oil Corporation