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Best Penny Stocks Below 1 Rupee – Based on Fundamental Factors


Final Up to date on Nov 21, 2023 by Anjali Chourasiya

Ever heard about penny shares priced below 1 rupee? These little-known gems within the inventory market might be fairly attention-grabbing. Let’s break it down in easy phrases. Penny shares are just like the underdogs of the inventory world, and people below 1 rupee are the true discount offers. They’re shares of firms with low costs, usually flying below the radar.

Now, why must you care? Effectively, these shares could be a playground for potential income. Think about shopping for one thing for lower than a cup of chai and watching it develop! However maintain on, it’s not all sunshine and rainbows. There are dangers, too. So, earlier than you dive in, it’s essential to know the ins and outs.

On this article, we’re going to spill the beans on penny shares beneath 1 rupee. We’ll discuss concerning the potential rewards, the dangers you want to concentrate on, and a few sensible strikes to make. Let’s get began with the lists of prime penny shares in India based mostly on varied elementary components.


High 10 penny shares in India beneath 1 Rupee

Be aware: The above record of penny shares beneath Re. 1 is dated twentieth November 2023 and is derived utilizing the Tickertape Inventory Screener. The next parameters had been used for the aim:

  • Shut value: Set the higher restrict to 0.99
  • Web revenue: Larger than 0 – Set the decrease restrict to 0
  • Debt-to-equity ratio: Set to low

Debt-free penny shares beneath 1 Rupee

Be aware: The above record of penny shares beneath Re. 1 is dated twentieth November 2023 and is derived utilizing the Tickertape Inventory Screener. The next parameters had been used for the aim:

  • Shut value: Set the higher restrict to 0.99
  • Debt-to-equity ratio: Set the decrease restrict to 0

Be aware that the talked about shares within the above desk have a debt-to-equity ratio of zero.

Worthwhile penny shares in India

Be aware: The above record of penny shares beneath Re. 1 is dated twentieth November 2023 and is derived utilizing the Tickertape Inventory Screener. The next parameters had been used for the aim:

  • Shut value: Set the higher restrict to 0.99
  • Web Revenue Margin: Set the decrease restrict to 0 – Kind from highest to lowest
  • 5Y CAGR: Set the decrease restrict to 0

Shares beneath 1 Rupee with the biggest quantity

Title Sub-Sector Market Cap (Rs. in cr.) Shut Worth (Rs.) PE Ratio (%) Web Revenue Margin (%)
Alstone Textiles (India) Ltd Textiles 76.49 0.60 3.12 29,962,507.00
Shree Ganesh BioTech India Ltd Agro Merchandise 36.27 0.91 17.96 8,711,270.00
Godha Cabcon & Insulation Ltd Cables 43.31 0.65 -30.71 7,081,948.00
Sharp Investments Ltd 0.69 6,680,824.00
NCL Analysis and Monetary Providers Ltd Diversified Financials 54.59 0.51 90.98 4,422,355.00
Visagar Monetary Providers Ltd Diversified Financials 44.38 0.76 34.67 3,923,445.00
Future Shopper Ltd FMCG – Meals 158.92 0.80 -0.47 2,973,995.00
Siti Networks Ltd Cable & D2H 69.76 0.80 -0.25 2,947,583.00
Johnson Pharmacare Ltd 30.25 0.55 -23.63 2,572,187.00
Excel Realty N Infra Ltd Development & Engineering 49.37 0.35 -145.22 2,545,258.00

Be aware: The above record of penny shares beneath Re. 1 is dated twentieth November 2023 and is derived utilizing the Tickertape Inventory Screener. The next parameters had been used:

  • Shut value: Set the higher restrict to 0.99
  • Every day Quantity: Set the high-sort from the very best to lowest.

If you wish to know extra about basically sturdy penny shares, learn this text.

Now, let’s take a look at the options of penny shares, components to contemplate earlier than investing, and suggestions for investing in penny shares. 


Options of penny shares beneath 1 Rupee

  1. Excessive returns: As in comparison with higher-priced fairness shares, penny shares beneath 1 Rupee give extra alternatives to earn larger returns if the value will increase exponentially.
  2. Illiquid: Shares beneath Re. 1 are illiquid because the issuing firms are largely unpopular. Due to this fact, promoting these shares could also be more difficult due to an absence/shortage of patrons.
  3. Excessive danger: Though these shares have a possible for progress, they’re extremely weak to market fluctuations. Due to this fact, they are often extremely dangerous. Traders with high-risk tolerance can contemplate shares beneath 1 Rupee.
  4. Low value: These shares are straightforward on pockets. But it surely doesn’t imply they’re undervalued.

Components to contemplate earlier than making use of for penny shares in India beneath 1 Rupee

  1. Dearth of knowledge: Shares beneath Re. 1 usually belong to unpopular firms. Many such firms fail to make necessary details about financials or company governance public. This makes it troublesome to worth the inventory and consider the corporate.
  1. Worth manipulation: Given the low liquidity in such penny shares, it has been noticed traditionally that costs of shares beneath Re. 1 are inclined to cost manipulations. Merchants and even promoters holding excessive stakes in such firms could artificially inflate or deflate the inventory value for private income.

Ideas for investing in penny shares

  • Conduct a radical background test on shares beneath Re. 1 earlier than investing in them. Research the financials and fundamentals of the shares fastidiously to make an knowledgeable resolution.
  • Accumulate as a lot data as attainable on the monetary stability and future progress prospects of the corporate.
  • Rent an knowledgeable monetary advisor and search their ideas and evaluation of such shares.
  • Keep from pleasant recommendation and suggestions to purchase particular penny shares. Earlier than performing, confirm the authenticity of the supply and do due diligence earlier than contemplating investing in penny shares in India beneath 1 rupee.
  • Consider your danger urge for food, as these shares are extremely unstable and vulnerable to market fluctuations.
  • If a penny inventory is underperforming with out an obvious purpose, it could be time to promote it and defend your portfolio from declining additional. Basically sturdy shares are identified to rise after falling. However there isn’t a assure {that a} penny inventory will do the identical. Be very sensible about investing in penny shares, and don’t let feelings affect you.

The right way to put money into penny shares?

Why soar platforms to judge the inventory after which purchase it on one other when you are able to do each on Tickerape? Research the inventory fundamentals utilizing Tickertape Inventory Pages and add them to the ‘Basket’ to position purchase orders. Additional, with our fully-equipped asset pages, you’ll be able to dive deeper into any inventory and mutual fund. 

On asset pages, you get penny shares’ share costs, their quantitative evaluation through Scorecard, forecasts, monetary data, peer comparability, firm updates, and extra. With this data useful, you’ll be able to analyse any inventory inside just a few clicks. The Scorecard, significantly, helps you analyse the inventory based mostly on quantitative components comparable to profitability, efficiency, entry and exit factors, valuation, and progress and supplies a sneak peek into the potential pink flags within the inventory. 

Analysis, analyse, and make investments faster than earlier than, as a result of #TickertapeHaiNa! Develop into a Professional Member now!

Conclusion

Penny shares beneath Re. 1 have the potential to show into multi-baggers and provides bumper returns however keep in mind that they’re extremely dangerous investments. Such shares belong to low market-cap firms and are inclined to cost manipulation. Seek the advice of your monetary advisor earlier than investing in shares beneath 1 Rupee.

Incessantly Requested Questions (FAQs)

What are penny shares?

Shares buying and selling at a low worth and having a small market capitalisation are referred to as penny shares. These normally commerce decrease than Rs. 10. Due to this fact, even a large spike can set off higher and decrease circuits.

Is investing in penny shares secure?

Investing in penny shares is dangerous. On the upside, penny shares have the potential to yield multibagger returns. However on the draw back, they’ll trigger a critical dent in your funding portfolio.

How can I purchase penny shares?

Investing in penny shares is not any completely different than shopping for another inventory. One of many best and most time-efficient methods to purchase penny shares is thru Tickertape. You may uncover penny shares utilizing the Inventory Screener, analyse them individually utilizing the respective Inventory Pages, and place purchase orders by including them to the basket. Sure, you should purchase shares of greater than only one firm in a single transaction on Tickertape!

The right way to get an inventory of penny shares listed on the NSE?

Merely head to Tickertape Inventory Screener and set the closing value of shares to lower than your required value (lower than Rs. 30). Add in different filters based mostly in your desire. There you go, you should have the record of penny shares listed on the NSE.

The right way to get an inventory of penny shares beneath 1 Rupee?

Launch the Tickertape Inventory Screener and set the closing value of shares to lower than Re. 1. Apply different filters as per your desire. You’re going to get the record of penny shares below 1 Re.

Anjali Chourasiya
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