Penny Stocks to invest under 10 Rs. : In the ever-evolving landscape of the Indian stock market, penny stocks continue to captivate investors with their potential for substantial returns. If you’re on the lookout for opportunities that won’t break the bank, we’ve got you covered. In this comprehensive guide, we’ll delve into the intricacies of the market to reveal the best penny stocks priced under 10 Rs. that hold promise for 2024.
We will know penny stocks India which are Top 10 Stocks to invest in 2024 under 10 Rupees but have the scope of moving steeply in future. Some of these top Indian Penny Stocks you may see in future trading among multibagger stocks.These are top 10 penny stocks which can perform outrageously in near future.
What is Penny Stock? Understanding Penny Stocks
Penny stocks, typically priced below 10 Rs., present a unique investment avenue for those seeking affordable yet potentially high-yield options. These stocks, often associated with smaller companies, can be a playground for savvy investors looking to capitalize on market trends and emerging opportunities.
Market Trends and Analysis:
Stay ahead of the curve by examining current market trends and analyzing the economic landscape. Our blog will provide insights into the factors influencing the Penny Stocks under 10 Rs. in India for 2024, helping you make informed decisions. Explore our curated list of the best penny stocks under 10 Rs. in India for the year 2024. We’ll break down each pick, highlighting key performance indicators, potential catalysts, and risks associated with each stock. This section aims to guide you in making well-informed investment choices aligned with your financial goals.
1. GTL Infrastructure | Penny Stocks under 10 Rs.
Overview : GTL Infrastructure Ltd. is involved in providing passive telecom infrastructure to wireless telecom operators. This includes services related to towers, such as tower installation, maintenance, and sharing. The company plays a crucial role in supporting the expansion of mobile networks in India.
Business Operations : GTL Infrastructure focuses on leasing and managing telecom towers, enabling telecom operators to reduce capital expenditure and optimize operational costs. The company is part of the larger GTL Group, which has interests in various sectors, including telecommunications.
Top competitors of this company are
| Name | Last Price of Stock | Market Cap. (Rs. cr.) |
|---|---|---|
| Transwind Infra | 25.95 | 17.36 |
| Shyam Telecom | 7.50 | 8.45 |
| Nu Tek India | 0.35 | 5.41 |
| XL Energy | 0.25 | 0.57 |
2. Nila Infrastructures Ltd | Penny Stocks under 10 Rs.
Business Focus: Nila Infrastructures Ltd is known for its involvement in various infrastructure projects, including real estate, urban infrastructure, and industrial infrastructure. They have worked on projects such as residential and commercial developments, industrial parks, and more. Nila Infrastructures is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
Top competitors of this company are
| Name | Last Price | Market Cap. (Rs. cr.) |
| Embassy Office | 349.95 | 33,171.54 |
| Nexus Select | 134.00 | 20,301.00 |
| Anant Raj | 327.95 | 10,628.74 |
| Brookfield REIT | 251.95 | 8,442.52 |
| TARC | 178.55 | 5,268.95 |
3. Comfort Intech Ltd | Penny Stocks under 10 Rs.
Incorporated in 1994, Comfort Intech Ltd trades in various goods and services and manufactures liquor. It also trades in fans, fabrics, water heaters, and monoblock pumps, as well as consumer appliances and durables, home appliances and electronics, textiles, etc.
Also, it engages in the immovable property leasing services; trading of shares and mutual funds; and financing activities. It sells its products on e-commerce marketplace platforms, as well as through the immediate suppliers of the marketplace platforms. The company was formerly known as Comfort Finvest Limited.
Top competitors of this company are
| Name | Last Price |
| United Spirits | 1,111.50 |
| Tilaknagar Industries | 257.00 |
| Globus Spirits | 820.95 |
| India Glycols | 903.65 |
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4. FCS Software Solutions Ltd
FCS Software Solutions is an integrated technology services provider with a focus on IT consulting, software development, and business process outsourcing. The company offers a range of services, including software development, application maintenance, testing, infrastructure management, and business process outsourcing. FCS Software Solutions serves clients across various industries, including banking and finance, healthcare, telecommunications, manufacturing, and more.
Top competitors of this company are
| Name | Last Price | Market Cap. (Rs. cr.) |
| TCS | 3,882.80 | 1,420,736.47 |
| Infosys | 1,612.75 | 669,364.27 |
| HCL Tech | 1,540.80 | 418,121.52 |
| Wipro | 465.45 | 243,169.81 |
| LTIMindtree | 6,237.05 | 184,718.57 |
| Tech Mahindra | 1,308.05 | 127,687.18 |
5. Vikas Lifecare Ltd | Penny Stocks under 10 Rs.
Vikas Lifecare Limited engages in the trading of polymers and polymer additive related chemicals, iron and steel, and plastic products in India. It operates through Real Estate Division, Trading & Manufacturing Division -Agro, Trading & Manufacturing Division -Polymers, Trading Division -Infrastructure, and Trading Division -Gas Meter segments.
The company is involved in the real estate business; and develops technology for recycling and up-cycling of plastic waste. It also engages in the manufacturing of polymer compounds, including PE, PVC, polypropylene, thermo plastic rubber (TPR), EVA, and V blend SOE compounds; development of smart products comprising smart gas meters and power distribution solutions; supplying of food grade piping systems for drinking water; and other infrastructure products, such as drinking water pipes, fittings, and bars.
Top competitors of this company are
| Name | Last Price | Market Cap. (Rs. cr.) |
|---|---|---|
| Archean Chem | 623.15 | 7,689.48 |
| Vikas Life | 6.45 | 926.82 |
| Kothari Petro | 147.35 | 867.10 |
| Infinium | 237.15 | 330.02 |
6. 7NR Retail Ltd –
7NR Retail Ltd. is a debt free company and has competitors like Trent, Metro Brands, V Mart Retail etc. This company is engaged in wholesaling and Retailing of readymade garments. The Company is offering the finest quality product matching with the latest style and fashion.
The market cap of the company is Rs. 24.1 Cr. The Stock P/E is 32.1. The present market price of the company’s share is 9.80. We may see the share to achieve Rs. 12.00 levels in the coming future.
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7. Kretto Syscon Ltd –(Penny Stocks to invest)
The Kretto Syscon Ltd deals in real estate development and software development. This also is a debt free company. The company has peer competitors like Rail Vikas, Macrotech, National Stander etc.This is another penny stocks to invest in 2024.
The market cap of the company is Rs. 10.8 Cr. The Stock P/E is 83.2. The present market price of the company’s share is 0.85 and the share has a 52 week high of Rs. 0.95 and 52 week low of Rs. 0.43.
We see the share to achieve Rs. 1.25 levels in the coming future.
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8. Goldline International Finvest Ltd –
The company Gold Line International Finvest Limited is in the segment of financial consultancy and investment management services. Majorly the Company offers investment advisory services, money market operations, treasury management, and investment trust administration services. This also is a debt free company.
The market cap of the company is Rs. 37.00 Cr. The Stock P/E is 763.36. The present market price of the company’s share is 0.85 We may see the share to achieve Rs. 1.75 levels in the coming future.
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9. ACI Infocom Ltd –
The company deals in information technology products and construction services. Main focus of the Company is on residential and commercial projects. However this company also present in development, redevelopment, and SRA projects area. This company has improved its debt marginally and performing well.This is another penny stocks to invest in 2024.
The market cap of the company is Rs. 10.9 Cr. The Stock P/E is 59.48. The present market price of the company’s share is 1.81 and the share has a 52 week high of Rs. 1.90 and 52 week low of Rs. 0.66.
We see the share to achieve Rs. 2.05 levels in the coming future.
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10. A R C Finance Ltd –(Penny Stocks to invest)
This company was founded in 1985. The company is registered as NBFC with the RBI. This company deals in trading in shares, financial services investment activities, and Provide Secure and Unsecured loans.
The market cap of the company is Rs. 44.40 Cr. The Stock P/E is 110.76. The present market price of the company’s share is 0.70 and the share has a 52 week high of Rs. 1.10 and 52 week low of Rs. 0.52.
We see the share to achieve Rs. 1.65 levels in the coming future.
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