Stocks Under Rs. 10: List of the Best Shares Under 10

Investing in the stock market can be exciting, especially when working with a limited budget. Stocks under Rs. 10, often called penny stocks, present a unique opportunity to enter the market without substantial capital. However, these investments come with a higher risk and require careful consideration. This article explores the appeal of these low-priced stocks, factors to consider when investing, and strategies for achieving success while managing potential pitfalls.

Best Low Price Shares Under Rs. 10 (2024) Based on 5Y Average Net Profit Margin

Stock Name	Market Cap (in Cr)	Share Price	PE Ratio	5Y Avg Net Profit Margin	5Y Avg Return on Equity
Ashirwad Capital Ltd	₹44.28	₹4.80	28.57	77.67	7.09
Elcid Investments Ltd	₹0.07	₹3.53	0.00	77.17	1.04
Speedage Commercials Ltd	₹0.93	₹9.50	0.07	71.44	3.43
S V Trading and Agencies Ltd	₹12.57	₹7.35	16.98	67.52	1.62
Sri Amarnath Finance Ltd	₹7.75	₹7.77	2.83	52.99	4.10
Ridhi Synthetics Ltd	₹0.49	₹4.11	0.33	49.58	2.27
BITS Ltd	₹105.27	₹9.78	43.50	49.53	-
Continental Securities Ltd	₹25.65	₹9.51	34.20	46.28	7.55
Eco Friendly Food Processing Park Ltd	₹224.37	₹8.71	1,725.93	43.31	3.51
Haria Exports Ltd	₹10.28	₹8.46	114.22	41.69	4.13

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Note: The data on this list of the top 10 best stocks under 10 Rs. is from 2nd September 2024. This data is derived from the Tickertape Stock Screener.

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Overview of the Best Stocks Below Rs.10

Here are brief overviews of 10 shares listed above with share prices below Rs. 10:

Ashirwad Capital Ltd

Ashirwad Capital Limited is a non-banking finance company based in Mumbai, India, established in 1985. It focuses on investment and lending activities within India. The company also produces carvings from precious and semi-precious stones, creates paintings, designs jewellery, and engages in real estate activities. Over the last 5 years, the company’s revenue has grown at a yearly rate of 13.23%, higher than the industry average of 11.32%.

Elcid Investments Ltd

Elcid Investments Limited, based in Mumbai, India, is a non-banking financial company established in 1981. Through its subsidiaries, it invests in shares, debentures, mutual funds, and other financial instruments. Over the last 5 years, the company’s revenue has grown at a yearly rate of 31.1%, higher than the industry average of 11.54%, and its market share has increased from 0.18% to 0.37%. 

Speedage Commercials Ltd

Speedage Commercials Ltd was established as a public limited company on 9th November 1984, according to the Certificate of Incorporation from the Registrar of Companies, Maharashtra, Mumbai. The company offers commercial services, including the buying and selling of construction materials, electronics, and engineering goods. Over the last 5 years, the company’s revenue has grown at a yearly rate of 132.75%, higher than the industry average of 10.8%, and its market share increased from 0% to 0.02%.

S V Trading and Agencies Ltd

S V Trading and Agencies Limited operates in trading, agency services, and related activities across India. Founded in 1980 and based in Mumbai, the company acts as a sales agent for multiple firms and deals in various commodities. As of 2nd September 2024, the stock under 10 Rs. has a market capitalisation of Rs. 12.57 cr., and its stock price is Rs. 7.35. Additionally, the company’s net profit margin is 67.52%, and its PE ratio is 16.98.

Sri Amarnath Finance Ltd

Sri Amarnath Finance Limited, founded on 19th February 1985 in New Delhi, operates as a Non-Banking Financial Company (NBFC) without accepting public deposits. Registered with the Reserve Bank of India in 2003, the company provides financial services, including loans and investments in shares and securities. Over the past five years, its current ratio has been 3,687.97, higher than the industry average of 131.27%.

Ridhi Synthetics Ltd

Ridhi Synthetics Ltd, originally incorporated as Ridhi Holdings and Traders Limited, became a public limited company on 22nd September 1981 under the Companies Act of 1956. Over the past five years, the share under Rs 10 has revenue that has grown yearly by 0.93%, higher than the industry average of 0.37%. 

BITS Ltd

BITs Limited, based in India, focuses on providing education across various fields. These include art, commerce, science, computer software, computer hardware, business management, hotel management, engineering, and technical subjects. Over the last 5 years, the company’s revenue has grown at a yearly rate of 7.42%, higher than the industry average of -0.41%, and its net income has grown at a yearly rate of 140.62, also higher than the industry average of 49.58.

Continental Securities Ltd

Continental Securities Limited was initially incorporated as “Home Land Finance & Consultants Private Limited” on 30th March 1990 with the Registrar of Companies in Rajasthan, Jaipur. It is registered as a Non-Banking Finance Company (NBFC) in India and is currently involved in providing gold loans, personal loans, inter-corporate loans, loans to SMEs, and other fund-based financial services. Over the last 5 years, the company’s revenue has grown at a yearly rate of 30.97%, higher than the industry average of 11.46%, and its net income has grown at a yearly rate of 65.72%, also higher than the industry average of 32.46%.

Eco Friendly Food Processing Park Ltd

Eco Friendly Food Processing Park Limited was incorporated as a private company in New Delhi on 21st July 2008. It became a public limited company and changed its name to “Eco Friendly Food Processing Park Limited” on 17th December 2008. This low price share under 10 rupees is a leading manufacturer of wheat, rice, pulses, and sugar, and is involved in cultivating crops such as wheat, paddy, sugarcane, fruits, vegetables, and flowers. As of 2nd September 2024, the company had a market capitalisation of Rs. 224.37 cr., and its share price closed at Rs. 8.71.

Haria Exports Ltd

Haria Exports Ltd (HEL) was established as a private limited company on 28th August 1970 to manufacture and export readymade garments. It later became a public limited company, and its name changed to Haria Exports Limited on 10th August 1989. The company operates in the textiles and fabrics sector, with manufacturing facilities located in Vapi, Kandla, Bhiwandi, and Tirupur. As of 2nd September, the company had a market capitalisation of Rs. 10.28 cr., and its share price closed at Rs. 8.46.

What are Stocks Under Rs. 10?

Many investors look for undervalued stocks to buy cheaply and sell at a higher price later. Stocks under Rs. 10 are a popular choice for this strategy. These stocks usually come from small companies that are new to the market. While they can be unstable, they also have the potential for significant returns. High-risk investors often choose penny stocks because they can yield great profits if the companies perform well. Additionally, these stocks are affordable, making them an attractive option for those willing to take the risk. However, stocks trading at very low prices often belong to companies facing significant challenges or can be in sectors with limited investor interest. 

Why Invest in the Best Stocks Under Rs. 10?

Here are a few potential reasons why investors might find stocks under Rs. 10 attractive:

• Lower Investment Capital Needed: The low share price of below 10 Rs shares allows investors to purchase more shares with less money, making it ideal for new investors or those with limited capital.
• Discovery Potential: Stocks under Rs. 10 often represent companies with innovative technologies or disruptive ideas. Identifying these hidden gems before they gain popularity can lead to substantial rewards.
• Occasional Increased Liquidity: While stocks under Rs. 10 are generally illiquid, certain companies may experience trading surges, allowing for easier entry or exit from investments.
• Potential Multibaggers: Some stocks under 10 Rs. can be potential multibagger penny stocks. These stocks trade at lower prices, like normal penny stocks, but they may appreciate in value after an investor invests in them.

Potential Multibaggers Amongst Stocks Under Rs. 10

Here is a list of the potential multi-baggers based on 1Y Returns, Net Income and Return on Equity (ROE):

Stock Name	Market Cap (in Cr)	Share Price	Net Income (Cr)	Return on Equity (%)	1Y Return (%)
Gemstone Investments Ltd	₹30.87	₹4.54	0.36	1.00	453.66
M Lakhamsi Industries Ltd	₹2.24	₹3.76	0.75	10.75	312.39
Sagar Soya Products Ltd	₹0.07	₹2.35	0.30	10.24	285.25
Ishan International Ltd	₹77.84	₹3.90	0.58	10.24	285.25
Avance Technologies Ltd	₹180.35	₹0.92	4.88	0.11	235.77
Hanman Fit Ltd	₹6.17	₹5.88	0.66	30.56	206.25
Garment Mantra Lifestyle Ltd	₹70.57	₹6.92	2.47	2.59	205.52
Pmc Fincorp Ltd	₹253.68	₹5.07	11.34	10.38	196.49
Empower India Ltd	₹274.66	₹2.31	6.91	0.05	192.41
Taparia Tools Ltd	₹10.46	₹6.89	99.77	34.00	159.02

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

• Net Income: Positive
• Return on Equity: Positive
• 1Y Return: Sorted from Highest to Lowest

Note: The data on this list of top 10 penny stocks under Rs. 10 is from 2nd September 2024. This data is derived from the Tickertape Stock Screener.

Features of Stocks Under Rs. 10 

Stocks below Rs. 10 can be attractive for several reasons:

• Affordability: The best stocks under Rs. 10 allow new investors to enter the market with a smaller financial commitment. This affordability makes it easier to build a diverse portfolio without significant capital outlay.
• High Growth Potential: Some of the best stocks to buy today under 10 Rs. can offer significant returns if the underlying companies grow. This potential for high returns makes them appealing, especially to those with a higher risk tolerance.
• Diversification: Investing in multiple good stocks under Rs. 10 can help diversify a portfolio, spreading risk across different assets.

How to Identify Promising Stocks Under Rs. 10?

• Use Stock Screeners: You can utilise tools like Tickertape’s Stock Screener to filter stocks under Rs. 10 based on various parameters such as market capitalisation, revenue growth, and profitability. This can help narrow down the options to those with the best potential.
• Analyse Financial Reports: You can scrutinise quarterly and annual reports for signs of financial stability and growth potential. It can be helpful to pay attention to revenue trends, profit margins, and debt levels of the best share to buy under 10 in India.
• Monitor Market News: Stay updated with market news and trends to identify stocks with upcoming growth catalysts. Market news can provide insights into new product launches, regulatory changes, or industry developments that could impact stock performance.

How to Invest in the Best Stocks Under Rs. 10?

Here’s a guide on how to invest in stocks under Rs. 10:

• Open a Demat Account: Open a brokerage/trading/demat account. You can do this on any trading platform of your choice!
• Research Stocks Under Rs. 10: Some penny stocks trading under Rs. 10 might not have readily available information. However, it is important to conduct research or rely on a financial advisor before choosing any stock to invest in.
• Check Stock for SEC Registration: Check if the penny stock is listed on any of the major stock exchanges and is registered with the Securities and Exchange Commission.
• Place the Order: After you have conducted the necessary research, you may specify the number of stocks you want to invest in and place an order on your brokerage/trading platform.

Risks Associated with Investing in Stocks Under Rs. 10

• High Volatility: Low-priced stocks, including Rs 10 stocks, can experience significant price swings, leading to potential losses. This volatility can be due to market speculation, company-specific news, or broader economic factors.
• Low Liquidity: These stocks often have lower trading volumes, making it difficult to buy or sell shares quickly without impacting the stock price. Low liquidity can also result in wider bid-ask spreads, increasing transaction costs of even the best share 10 rupees.
• Lack of Information: Limited publicly available information can make it challenging to conduct thorough research. Smaller companies may not be as widely covered by analysts, and their financial disclosures might be less comprehensive.

Benefits of Investing in Stocks Under Rs. 10

• Low Cost: Stocks under Rs. 10 allow you to invest without needing a large sum of money, making it easier to start investing.
• Potential for High Gains: These stocks under Rs. 10 may potentially yield substantial returns. However, the risk is equally high, which means there is also a significant chance of losing your investment.

Factors to Consider When Investing in Stocks Under Rs. 10

• Company Fundamentals: It is crucial to check the company’s balance sheet, income statement, and cash flow. Look for companies with solid revenue, manageable debt, and positive cash flow. Furthermore, strong leadership can drive company growth. Research the management team’s track record and industry experience.
• Market Trends: Consider the company’s position within its industry and potential market trends. Companies leading their sectors or poised to benefit from industry trends may offer better investment opportunities. Broader economic factors, such as inflation, interest rates, and economic growth, can impact the penny stock’s performance. 
• Liquidity: Higher trading volumes generally indicate better liquidity, making buying and selling below 10 rupees shares easier without significantly impacting the stock price.

To Wrap Up…

Investing in stocks under Rs. 10 can be rewarding if approached with the right strategies and a clear understanding of the associated risks. You can successfully navigate the budget-friendly stock market by focusing on company fundamentals, staying informed about market trends, and diversifying your portfolio. However, proceeding cautiously and remaining vigilant in your research and analysis is crucial.

Frequently Asked Questions about the Best Stocks Under Rs. 10