Best Stocks Under 10 Rupees in India

  • 01 Apr 2024
  • Read 13 mins read

Purchasing stocks for less than Rs 10 might provide unique opportunities to investors who are looking for affordable places to invest with the potential to expand. In the Indian stock market, these stocks, often referred to as penny stocks, can provide both high-risk and high-reward opportunities. Selecting these firms carefully can provide substantial profits, even if their market capitalizations and share prices may be smaller than those of their expensive competitors.

In this blog, we'll examine several aspects to take into account when evaluating shares that are valued under Rs. 10 like their advantages, disadvantages, features, and things to keep in mind while investing in shares below 10 rupees. 

Most Popular Stocks Under Rs 10

Below is the table of the most popular stocks under Rs 10: 

Stock Name


Current Market Price 

Market Cap (In ₹ crore)

Vikas Lifecare Ltd

Financial Services


₹ 854 Cr

Ducon Infratechnologies Ltd.

IT - Hardware


₹ 216 Cr

Goyal Aluminiums Ltd.



₹ 125 Cr

Suumaya Industries Ltd.



₹ 46 Cr

Sundaram Multi Pap Ltd

HouseHold Goods


₹ 116 Cr

Rattanindia Power Ltd

Power Generation/ Distribution


₹ 4,779 Cr

Disclaimer -  The market capitalization mentioned above is accurate as of 26th March 2024. However, conducting your research before making any investment decisions in these stocks is important.


Overview of the Best Stocks Under 10 Rs 

Here are some of the best under Rs 10 stocks in detail:

  1. Vikas Lifecare Ltd.

    Originated in 1995 Vikas Lifecare Ltd. is a public limited company with its office in New Delhi, India. The company's revenue has grown greatly during the last three years, accounting for 43.64% of total revenue. As of right now, it has no debt. Compared to its counterparts, the company's cash conversion cycle of 45.07 days is very efficient. In contrast, the return on equity is only 3.14%, which is low.
  2. Ducon Infratechnologies Ltd.

    Ducon Infratech installs industrial equipment and machinery. This company's average profit growth has been 65.39% in the last three years. Despite the rise in profits, the corporation has maintained a low dividend payout ratio of 0% for the previous three years.
  3. Goyal Aluminiums Ltd.

    Goyal Aluminums Ltd. was registered in 2018. It manufactures aluminum coils, sheets, sections, and other parts. The company has an outstanding operating leverage ratio of 4.16. Its current ratio is 5.22, which shows healthy liquidity. Contrary to this, the Company has had a poor ROE of 7.11% over the past three years.
  4. Suumaya Industries Ltd.

    Suumaya Industries Ltd. is involved in the business activities of Wholesale household goods. For the last three years, the company had a healthy liquidity position with a current ratio of 2.32. The company has shown a poor profit growth of -367.12% for the past 3 years.
  5. Sundaram Multi Pap Ltd.

    Sundaram Multi Pap Ltd. is involved in the business activities of Manufacturing paper products. The company has a strong degree of Operating leverage; the Average Operating leverage stands at 4.51. Contrary to this, the Company has a poor ROE of -0.79% over the past 3 years and poor revenue growth of 5.65% for the past 3 years.
  6. Rattanindia Power Ltd.

    Rattanindia Power Ltd. is involved in the business activities of electric power generation by coal-based thermal power plants. It’s a public limited company established in 2007 and was registered in Delhi, India. The company has shown a good revenue growth of 22.13% for the past 3 years. The Company has maintained an effective average operating margin of 28.16% in the last 5 years. The company has a poor ROE of 4.98% over the past 3 years.

Important Things to Consider for the Stock List Under Rs 10 

Before investing in any stock, it is important to consider several crucial things to make the right decision. Here are some key factors one should consider before investing in stocks under 10 rupees: 

  1. Company Fundamentals:

    Before investing in any company, it is important to understand the company’s financial statement, profits, debt, and other financial metrics. The company should have a solid track record of profitability and financial stability.
  2. Management Quality:

    Evaluate the proficiency and performance history of the organization's management group. You can examine them for integrity, genuineness, and problem-solving skills.
  3. Risk:

    It is important to understand a company's risk profile, as shares below 10 rupees have greater risk than those with a larger price tag.
  4. Market Dynamics:

    By analysing the overall market pattern, an individual can determine whether the firm 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 important when investing in shares, particularly low-priced shares. When choosing an investment, take the stock's liquidity and average daily trading volume into account.

Why should you Invest in Penny Stocks in 2024?

Reasons you should consider investing in Penny stocks in 2024: 

  • Ability to Turn Multi-Bagger: Penny stocks have the potential to experience exponential growth, with some turning into multi-baggers, offering significantly higher returns compared to their initial investment.
  • Opportunity to Invest Early at a Low Price: Many penny stocks are initially overlooked by mainstream investors, providing an opportunity for early investors to enter at a low price point before the stock gains wider attention.

Features of Best Penny Stock Under 10 Rs in India

Investing in penny stock can be appealing to investors who need high-growth opportunities at low prices. Here are some features you can follow: 

  • Lowest Price on the Market: Penny stocks are offered at a relatively low market price. Based on their pricing, they are informally divided into price categories, such as those under 1 rupee, 10 rupees, etc. Their low valuation is the cause of their low pricing. It's not like their cost never goes up; one can see significant value growth in penny stocks. 
  • Market Position: To invest in stocks of low value, such as those under Rs 10, one needs to focus on the company's competitive advantage and market position. Also, to gain the upper hand, one can look for companies that dominate their respective industries or bigger sharks. This would help to gain an edge over competitors. 
  • Possibility of High Returns: Investors are attracted to stocks under Rs 10 because of the remarkable success some of these firms have shown. Numerous firms that have seen exponential growth in value in a short amount of time are included in the list of the finest penny stocks. 
  • Low Liquidity: Compared to higher-priced equities, stocks valued under Rs 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 Rs 10

The primary advantage of Penny stocks is to offer fast and large returns on investments. Now let's examine some additional benefits of investing in under RS 10 stocks: 

  1. 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 common to hear that a penny stock, which was trading for less than ₹5 a year ago, is now valued at ₹500.
  2. 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 the highly valued firm 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 out among the giants because of its tremendous growth, providing early investors with substantial profits.
  3. Free Resource for Fundamental Analysis Education:

    Penny stocks provide an excellent platform for practising fundamental analysis and for those who aspire to be the next great bull. By choosing the finest penny stocks with strong fundamentals from a list of the 50 greatest penny stocks in India in 2024 and thoroughly studying the businesses, investors may spot potential multibagger penny stocks.

What Makes Penny Stocks Risky?

Penny stocks are seen to be risky for several reasons, such as:

Highly Volatile:

  • Prices can change rapidly and dramatically.
  • There is a possibility of rapid profit, but in the event that prices fall, there might also be substantial losses.

Lack of Liquidity:

  • Penny stocks are often illiquid.
  • Few sellers or buyers are available.
  • Difficulty in selling shares promptly, particularly in urgent situations.
  • Need to wait for a suitable buyer, which may not materialise quickly.


Finally, before investing in penny stocks, you should evaluate their risk tolerance and perform thorough research. There is a chance for big gains, but there is also a chance for risk. To successfully navigate the unpredictable nature of penny stocks, diversification and a long-term outlook are crucial. If you want to invest in shares below 10 rupees, it is suggested to use a safe and efficient online share market app.
Disclaimer - The stocks mentioned above are based on current market trends and may fluctuate in value. Before investing in any of these stocks, it is important to conduct thorough research or consult with a financial analyst. Investors are advised to exercise caution and diligence when making investment choices.

FAQs on Best Stocks Under 10

Yes, it is possible to buy stocks for less than 10 rupees. Companies whose shares are traded for less than 10 rupees are listed on several global stock exchanges. 

Yes, due to their speculative character and lack of liquidity, these stocks involve a lot of risk.

In comparison to under 10 rupees stock, regular stocks are more stable and steady in growth whereas these stocks can be used to make quick money. 

Yes, by investing in these stocks, many people can enter the investment world since they have greater flexibility in terms of investing less funds. 

Though small in size, these stocks have the potential to be big investments with good profit margins for anyone willing to learn more about this market.