Welcome to our comprehensive guide on the best penny stocks under 10₹. Penny stocks offer an intriguing investment opportunity, with the potential for significant returns at an affordable price. In this article, we have carefully researched and curated a list of best stocks below ₹10 and have demonstrated promising growth prospects.

Penny stocks

Penny stocks are low-priced stocks that are traded on the stock exchange, usually below Rs. 50 in India. Due to their low liquidity and market capitalization, these stocks are considered highly speculative, and investors may have limited information about their underlying fundamentals. Investors who trade penny stocks often seek to benefit from their high volatility levels, which can yield significant gains but also pose significant risks. While penny stocks have the potential to generate substantial returns, they are also associated with high risks.

Here is the list of Best penny stocks under ₹10 in India

1. Goenka Business Group
The Goenka Business Group is a well-known Indian conglomerate with interests in diverse industries such as power, infrastructure, textiles, real estate, and education. The group was founded by GD Goenka, a prominent industrialist and philanthropist, in 1984 and is headquartered in Kolkata, India.

Market Performance:

• On 21 Apr, 2023, at 04:01 PM IST, the share price of Goenka Bus. & Fin. was Rs 7.38, reflecting a 0.96% increase from the previous share price of Rs 7.25.
• Over the last month, the trend for Goenka Bus. & Fin. the share price has been positive, moving up by 3.94%.
• The Goenka Bus. & Fin. share has reached a high of Rs 13.35 and a low of Rs 6.53 over the course of 52 weeks.
• As for the market capitalization of Goenka Bus. & Fin., it is currently ranked 307 within the Financial Services sector, with a market cap of Rs 9.59 Cr.

2.Suzlon Energy Ltd
Suzlon Energy Ltd. is an Indian wind energy company that specializes in the design, development, manufacturing, and maintenance of wind turbines. It was founded in 1995 and is headquartered in Pune, India. Suzlon Energy is one of the leading wind turbine manufacturers in India and has a presence in over 18 countries across Asia, Europe, Australia, and North and South America.

The stock market past performance of Suzlon Energy Ltd. has been quite volatile. The company’s stock price saw a significant rise in the early 2000s, with a peak in 2008.

Market Performance:

• As of 21 Apr, 2023, at 03:59 PM IST, the share price of Suzlon Energy was Rs 7.95, remaining unchanged at 0.00% from the previous share price of Rs 8.0. Over the last month, Suzlon Energy’s share price has seen a modest increase of 1.92%.
• Regarding profitability, on a consolidated basis, Suzlon Energy reported a total income of Rs 1464.15 Cr and a profit of Rs 78.36 for the quarter ending on 2022-12-31. However, for the year ending on 2022-03-31, it reported a total income of Rs 6603.97 Cr and a loss of Rs -199.59 Cr.
• The company’s PE ratio is 4.19.
• Suzlon Energy’s earnings per share is 1.90.
• The price/sales ratio of Suzlon Energy is 1.28.
• The price to book ratio of Suzlon Energy is -7.43.

3.Radhe Developers (India) Ltd

Radhe Developers (India) Ltd is an Indian real estate development company that is engaged in the construction and development of residential, commercial, and plotted real estate properties. The company was established in 2007 and is headquartered in Ahmedabad, Gujarat, India.

Radhe Developers has completed various projects in the states of Gujarat, Maharashtra, and Rajasthan, and has a significant presence in Ahmedabad. The company’s projects include residential apartments, villas, commercial complexes, and plotted developments. The company has a focus on affordable housing and aims to provide quality housing to the middle-income segment of the population.

Market Performance

• The stock’s PE ratio is 26.32.
• The price to book ratio of Radhe Deve share is 4.67.
• The EPS (trailing 12 months) of Radhe Deve share is 0.18.
• Radhe Deve’s share price has witnessed a 52-week high of Rs 16.50 and a 52-week low of Rs 4.60.
• As for the market capitalization of Radhe Deve, it is currently valued at Rs 234.68 Cr.

4.Orient Green Power
Orient Green Power Limited (OGPL) is an Indian renewable energy company that is engaged in the development, construction, operation, and maintenance of renewable power projects. The company was established in 2006 and is headquartered in Chennai, India. OGPL is primarily involved in the generation of electricity through wind power and biomass-based power plants.

Market Performance:

• The following metrics can be used to conduct a quick analysis of Orient Green Pwr share:
• The stock’s PE ratio is 20.64.
• The price to book ratio of Orient Green Pwr share is 1.46.
• The EPS (trailing 12 months) of Orient Green Pwr share is 0.44.
• Regarding revenue and earnings, on a consolidated basis, Orient Green Pwr reported a total income of Rs 46.45 Cr and a loss of Rs -18.99 for the quarter ending on 2023-03-31. However, for the year ending on 2022-03-31, it reported a total income of Rs 315.22 Cr and a profit of Rs 34.98 Cr.
• The share price of Orient Green Pwr witnessed a 52-week high of Rs 13.25 and a 52-week low of Rs 6.80.

5. Urja Global Ltd

Urja Global Ltd is a publicly-traded company headquartered in Noida, India. The company is primarily engaged in the business of renewable energy, such as solar power, and has a presence in various countries around the world. Urja Global Ltd was incorporated in 1992 and began operations as a trading company.

Market Performance

• As of 21 Apr, 2023, 03:57 PM IST, Urja Global’s share price was Rs 7.90. Over the last 1 month, the share price of Urja Global has increased by 8.22%. However, over the last 3 months and 12 months, the share price decreased by 18.97% and 54.73%, respectively. Over the last 3 years, the share price of Urja Global increased by 393.75%.
• On a consolidated basis, Urja Global reported a total income and profit of Rs 10.33 Cr and Rs 0.61, respectively, for the quarter ending 2022-12-31. The total income and profit for the year ending 2022-03-31 was Rs 74.53 Cr and Rs 0.77 Cr.
• Key metrics for Urja Global are a PE ratio of 208.94, an earnings per share of 0.04, a price/sales ratio of 12.67, and a price to book ratio of 2.46.

6. Shree Global Tradefin Ltd

Shree Global Tradefin Ltd is a publicly-traded company based in India that is primarily engaged in the business of commodity trading and other financial services. The company’s stock is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

In the past few years, the market performance of Shree Global Tradefin Ltd has been mixed, with the company experiencing both ups and downs. In early 2018, the company’s stock price reached a peak of around INR 24 per share, but it fell sharply in the following months and was trading at around INR 4 per share by the end of 2018.

Market Performance

• For the quarter ending 2022-12-31, Shree Global recorded a total income of Rs 61.31 Cr and a profit of Rs 7.28 on a consolidated basis. The total income and profit for the year ending 2022-03-31 were Rs 207.12 Cr and Rs 151.05 Cr, respectively.
• Shree Global’s performance can be quickly analyzed using the following key metrics:
• The stock’s PE ratio is 5.84.
• The earnings per share (EPS) of Shree Global is 1.32.
• The price-to-sales (P/S) ratio of Shree Global is 15.91.
• The price-to-book (P/B) ratio of Shree Global is 1.24.
• In the financial year 2020-2021, Shree Global Tradefin Ltd reported a total revenue of INR 72.8 crores (USD 9.9 million) and a net profit of INR 2.2 crores (USD 0.3 million). This was an improvement from the previous year when the company had a total revenue of INR 49.7 crores (USD 6.8 million) and a net loss of INR 9.9 crores (USD 1.3 million).

7. Syncom Formulations (India) Ltd

Syncom Formulations (India) Ltd is a publicly-traded pharmaceutical company based in India that is primarily engaged in the manufacturing and marketing of pharmaceutical formulations. The company’s stock is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

Market Performance

• In the financial year 2020-2021, Syncom Formulations (India) Ltd reported a total revenue of INR 265.3 crores (USD 35.9 million) and a net profit of INR 7.1 crores (USD 0.96 million).
• This was an improvement from the previous year when the company had a total revenue of INR 250.3 crores (USD 33.9 million) and a net loss of INR 18.7 crores (USD 2.53 million).

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In this post i have discuses about Best Penny Stocks Under 10₹ for long term investment. These penny stocks have extremely low prices but these stocks can give you multi bagger returns in future.

FAQS

QUE 1. What are top stocks under 10rs in India?
Ans. It is important to note that stock prices can fluctuate rapidly and therefore, the list of top stocks under 10rs can change quickly. However, some of the top stocks under 10rs in India as of 2021 were Reliance Power, Suzlon Energy, GMR Infrastructure, and Reliance Naval and Engineering.

QUE 2. Are stocks under 10rs a good investment?
Ans. It is important to do thorough research and analysis before investing in any stock, regardless of its price. Stocks under 10rs may seem attractive due to their low price, but they may also be more volatile and risky. It is important to assess the company’s financial health, growth potential, and industry trends before making any investment decision.

QUE 3. How do I buy stocks under 10rs in India?
Ans. You can buy stocks under 10rs in India through a broker, either online or offline. First, you will need to open a demat and trading account with a broker. Once you have opened an account, you can place an order to buy the stock through the broker’s trading platform or by calling the broker directly.

QUE 4. What are the risks of investing in stocks under 10rs in India?
Ans. Stocks under 10rs may be riskier than stocks with higher prices. These stocks may be more volatile and subject to larger price swings, which can result in significant losses. Additionally, stocks under 10rs may be associated with smaller companies or those that are not as established, which can pose additional risks.

QUE 5. How do I research stocks under 10rs in India?
Ans. You can research stocks under 10rs in India by analyzing the company’s financial statements, such as their balance sheet, income statement, and cash flow statement. You can also review the company’s growth potential, industry trends, and analyst recommendations. There are various sources of information available, including financial news websites, stock market forums, and brokerage reports.