Top 10 Penny Stocks in India for October 2026
Sector Alpha's October 2026 ranking of penny stocks worth ₹2,000 crore or more, from the weekly scan to 9 October 2026, put Bank of Maharashtra (78/100), Shukra Pharmaceuticals (76/100) and Lloyds Engineering Works (72/100) at the top. The score weighs growth, business quality, valuation against history and price strength. Source: Sector Alpha weekly scan.
- 1Bank of Maharashtra78scoreGrowth 84 · Quality 97 · Valuation 50 · Price strength 73
- 2Shukra Pharmaceuticals76scoreGrowth 87 · Quality 77 · Valuation 46 · Price strength 83
- 3Lloyds Engineering Works72scoreGrowth 66 · Quality 52 · Valuation 76 · Price strength 100
- 4SBFC Finance71scoreGrowth 82 · Quality 73 · Valuation 58 · Price strength 61
- 5SBC Exports70scoreGrowth 87 · Quality 52 · Valuation 30 · Price strength 100
- 6Sagility68scoreGrowth 70 · Quality 62 · Valuation 70 · Price strength 69
- 7Indian Overseas Bank67scoreGrowth 90 · Quality 68 · Valuation 66 · Price strength 27
- 8Syncom Formulations66scoreGrowth 62 · Quality 71 · Valuation 40 · Price strength 93
- 9South Indian Bank65scoreGrowth 63 · Quality 54 · Valuation 72 · Price strength 76
- 10Suzlon Energy65scoreGrowth 67 · Quality 73 · Valuation 97 · Price strength 18
The penny stocks here follow the rule in place when the month was frozen, ranked on their scores from that month. Not frozen yet: this October 2026 ranking is worked out again from the stored weekly scores each time the page is built, so it follows today's rule. Once a month is frozen, it never changes.
See the latest penny stocks ranking and full list.
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