- 07 Nov 2024
- 4 mins read
- By: BlinkX Research Team
Unlock the potential of investing with stocks under ₹10! These low-cost gems offer a unique opportunity for traders to diversify their portfolios with the potential for high returns. These stocks, often called penny stocks, can provide high-risk and high-reward opportunities. By selecting these stocks carefully, investors may achieve substantial profits, even if their market capitalizations and share prices are lower compared to more expensive competitors.
By opening a demat account today, you can easily buy and sell these affordable stocks, positioning yourself to capitalize on market fluctuations and discover hidden opportunities. Here we have addressed why these stocks are worth investing in, provides future projections for the sector, and analyzes the benefits and risks associated with investing in low-priced stocks.
Stocks Under 10 Rs
Here's a list of stocks priced under 10 Rs.
Stock Name | Segment | Share Price (07th Nov 2024 ) | Market Cap in Cr (07th Nov 2024 ) | PE Ratio | 52 Week High | 52 Week Low |
Vodafone Idea Ltd | Telecommunication - Service Provider | 8.04 | 57,014 | -1.91 | 19.18 | 7.58 |
GTL Infrastructure Ltd | Telecommunication - Equipment | 2.24 | 2,907 | -3.72 | 4.33 | 1.00 |
Jaiprakash Associates Ltd | Cement | 7.04 | 1,728 | -0.79 | 27.15 | 6.08 |
Brightcom Group Ltd. | Software | 8.53 | 1,721 | 1.96 | 22.97 | 6.65 |
Sunshine Capital Ltd | Finance - NBFC | 2.04 | 1,072 | -20.44 | 4.13 | 0.89 |
Sarveshwar Foods Ltd. | Other agriculture products | 9.82 | 958 | 46.62 | 15.73 | 4.50 |
Nandan Denim Ltd | Textiles & Apparel | 5.97 | 878 | 16.92 | 7.35 | 2.23 |
GVK Power & Infrastructure Ltd | Power Generation/Distribution | 5.36 | 845 | -7.75 | 17.00 | 4.52 |
Vikas Lifecare Ltd | Chemicals | 4.71 | 815 | -1080 | 8.00 | 4.01 |
Evexia Lifecare Ltd. | Vegetable Oils & Products | 4.19 | 788 | 420 | 4.40 | 1.55 |
* The values for share price, market cap, 52-week high, and 52-week low are in rupees.
Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices.
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Table of Contents
- Stocks Under 10 Rs
- Overview of the Stocks Under 10 Rs
- Important Things to Consider for the Stocks Under 10 Rs
- Why Should You Invest in Penny Stocks under 10 Rs in 2024?
- Features of Penny Stock Under 10 Rs in India
- Advantages of Investing in Stocks Under 10 Rs
Overview of the Stocks Under 10 Rs
Below are the details of stocks under ₹10:
Vodafone Idea Ltd
Vodafone Idea Ltd., branded as Vi, is one of India’s largest telecom operators, formed through the merger of Vodafone India and Idea Cellular in 2018. It provides mobile services, broadband, and digital solutions across India, offering 4G, VoLTE, and IoT services.
Get more details about Vodafone Idea Ltd share price today here.
Know the Vodafone Idea Ltd share price history here.
GTL Infrastructure Ltd
GTL Infrastructure Ltd, established in 2004, is a prominent player in the Indian telecom infrastructure sector. The company provides telecom operators with network infrastructure services, including tower infrastructure and related services. GTL Infrastructure is focused on enhancing connectivity and supporting the growing telecommunications industry in India.
Get more details about GTL Infrastructure Ltd share price today here.
Know the GTL Infrastructure Ltd share price history here.
Jaiprakash Associates Ltd
Jaiprakash Associates, established in 1979, operates primarily in construction and infrastructure development and is involved in large-scale projects like dams and highways, playing a crucial role in India’s infrastructure growth.
Get more details about Jaiprakash Associates Ltd share price today here.
Know the Jaiprakash Associates Ltd share price history here.
Brightcom Group Ltd
Brightcom Group Ltd is a global digital marketing and advertising solutions provider, specializing in performance-driven campaigns and advanced technology platforms. The company focuses on enhancing online visibility and engagement for brands through innovative strategies and data analytics.
Get more details about Brightcom Group Ltd share price today here.
Know the Brightcom Group Ltd share price history here.
Sunshine Capital Ltd
Sunshine Capital Ltd is an investment and financial services company that focuses on providing capital market solutions and asset management. With a commitment to growth and sustainability, it aims to deliver value to investors through strategic investments and innovative financial products.
Get more details about Sunshine Capital Ltd share price today here.
Know the Sunshine Capital Ltd share price history here.
Sarveshwar Foods Ltd
Sarveshwar Foods Ltd is a leading food processing company in India, specializing in the production and distribution of rice and other agricultural products. Committed to quality and sustainability, it caters to both domestic and international markets, ensuring high standards in food safety and nutrition.
Get more details about Sarveshwar Foods Ltd share price today here.
Know the Sarveshwar Foods Ltd share price history here.
Nandan Denim Ltd
Nandan Denim Ltd is a leading manufacturer and exporter of denim fabric, known for its innovative designs and sustainable practices. With a commitment to quality and environmental responsibility, the company serves a diverse clientele in the global apparel industry.
Get more details about Nandan Denim Ltd share price today here.
Know the Nandan Denim Ltd share price history here.
GVK Power & Infrastructure Ltd
GVK Power & Infrastructure, established in 1994, focuses on energy, transportation, and hospitality, GVK Power & Infrastructure is a significant player in India's infrastructure landscape, known for its investments in power generation and airport operations.
Get more details about the GVK Power & Infrastructure Ltd share price today here.
Know the GVK Power & Infrastructure Ltd share price history here.
Vikas Lifecare Ltd
Vikas Lifecare, established in 1990, engages in trading and manufacturing. The company focuses on providing industrial raw materials and products, particularly in the plastic and polymer sectors, serving various industries.
Get more details about Vikas Lifecare Ltd share price today here.
Know the Vikas Lifecare Ltd share price history here.
Evexia Lifecare Ltd
Evexia Lifecare Ltd. is a health and wellness company dedicated to providing innovative healthcare solutions and products. With a focus on quality and customer satisfaction, they aim to enhance the overall well-being of their clients.
Get more details about Evexia Lifecare Ltd share price today here.
Know the Evexia Lifecare Ltd share price history here.
Important Things to Consider for the Stocks Under 10 Rs
There are several essential elements that you need to look at before investing in any stock to make informed decisions. Here are the factors you should consider while investing in stocks below ₹10.
Company Fundamentals
Before investing in a company, it is important to comprehend its financial statement, earnings, and costs, among other financial details. The company should be profitable over time and financially stable.
Performance Quality
Examine top management staff competence and track record of performance of the organization.
Risk
A share price below ₹10 means more risk. Therefore, it is paramount that you determine the company's risk profile.
Market Dynamics
On overall analysis of the market pattern, investors can determine the potential of the firm whether it is in the growth phase or not. Understanding market trends and the demand for the business's goods and services may also help predict the company's development possibilities.
Liquidity
Liquidity is a vital factor to consider when making an investment, particularly low-priced shares. When selecting a stock for investment, make sure to check its liquidity and average daily trading volume.
Why Should You Invest in Penny Stocks under 10 Rs in 2024?
Reasons you should consider investing in Penny stocks under 10 in 2024:
Ability to Turn Multi-Bagger
Penny stocks have the potential to experience maximum growth, with some turning into multi-beggars, offering higher returns compared to the initial investment.
Opportunity to Invest Early at a Low Price
Many penny stocks are initially overlooked by mainstream investors, allowing early investors to enter at a low price share under 10 before the stock gains wider attention.
Features of Penny Stock Under 10 Rs in India
Investing in penny stocks are appealing to investors who are striving for higher growth opportunities at low prices. Here are some features you can follow:
Lowest Price on the Market
Penny stocks are offered at a low market price. They are informally divided into price categories, such as under 1 rupee, 10 rupees, and more.
Market Position
To invest in stocks with lower value, such as those under ₹10, it is important to focus on the company's competitive advantage and market position. Another vital factor one can look for is the companies that dominate their respective industries or bigger companies. This would help gain an edge over their competitors.
Possibility of High Returns
Investors are attracted to stocks under ₹10 because of the remarkable success some of these firms have shown. Several firms that have seen higher growth in value in a short time are included in the list of the finest penny stocks.
Low Liquidity
Compared to higher-priced equities, stocks valued under ₹10 usually have lower trading volumes and liquidity. Given that even little trades can have a large influence on the stock price, this reduced liquidity may lead to more notable price swings.
Advantages of Investing in Stocks Under 10 Rs
The primary advantage of penny stocks is to offer fast and large returns on investments. Below are some additional benefits of investing in under RS 10 stocks:
Capacity to Turn Multi-Bagger
A handful of penny stocks have proven to be multi-baggers in the past, and the colony of tiny stocks continues to produce these kinds of success stories on occasion. It is quite common to see penny stock, which was trading for less than ₹5 a year ago, is now valued at ₹500.
Possibility of Early Investing at a Discount:
Many penny stocks that were first disregarded by most investors have quickly gained popularity in the market. Consider Adani Green as an example. Adani's stock price, which was first listed at about ₹50, increased by over 6,000% in less than four years to surpass the ₹3,000 mark. The firm stood among the best due to its tremendous growth, which provided investors with substantial profits.
Free Resource for Fundamental Analysis Education
Penny stocks provide a platform for practicing fundamental analysis for those who aspire to be in the next great bull. By choosing the finest penny stocks with strong fundamentals investors may spot potential multi-bagger penny stocks.
Conclusion
Lastly, you should assess your risk tolerance and conduct thorough research before investing in penny stocks. Large profits may be possible, but there's also a chance of risk. Diversity and a long-term perspective is essential for managing the volatile world of penny stocks. If you want to invest in shares valued at less than ₹10, it is advised that you utilize a reliable and secure online stock market app.
FAQs on Stocks Under 10 Rs
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