Penny Stocks Below 1 Rupee in India: Top Penny Stocks

Last Updated on Nov 6, 2024 by Anjali Chourasiya

Ever heard about penny stocks priced under 1 rupee? These little-known gems in the stock market can be pretty interesting. Let’s break it down in simple terms. Penny stocks are like the underdogs of the stock world, and those under 1 rupee are the real bargain deals. They are stocks of companies with low prices, often flying under the radar.

Now, why should you care? Well, these stocks can be a playground for potential profits. Imagine buying something for less than a cup of chai and watching it grow! But hold on, it’s not all sunshine and rainbows. There are risks, too. So, before you dive in, it’s crucial to know the ins and outs.

In this article, we’re going to spill the beans on penny stocks below 1 rupee. We’ll talk about the potential rewards, the risks you need to be aware of, and some smart moves to make. Let’s get started with the lists of top penny stocks in India based on various fundamental factors.

Best Penny Stocks to Buy in India (2024) – Stocks Under Rs. 1

Note: The above list of penny stocks below Re. 1 is dated 5th November 2024 and is derived using the Tickertape Stock Screener. The following parameters were used for the purpose:

• Close price: Set the upper limit to 0.99
• Net income: Greater than 0 – Set the lower limit to 0
• Debt-to-equity ratio: Set to low

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

Invest in the Best Stocks Selected by SEBI-Registered Analysts

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What is a smallcase?

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Among 500+ smallcases, here’s the top smallcases you can check out:

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Mi EverGreen smallcase by Weekend Investing

Disclosure for All Weather Investing

Disclosure for Mi EverGreen

Note: The smallcases are mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.

Overview of the Penny Stocks with Good Fundamentals

Bengal Steel Industries Ltd

Bengal Steel Industries Ltd, established in 1969, operates in the iron and steel sub-sector. The company engages primarily in manufacturing and trading steel products, serving various industrial needs across different regions in India.

As of 4th November 2024, Bengal Steel Industries Ltd has a market capitalisation of Rs. 0.02 cr. with a closing price of Rs. 0.05. The company’s price-to-earnings (PE) ratio stands at 0.31, while the net income recorded is Rs. 0.08 cr. 

Saianand Commercial Ltd

Saianand Commercial Ltd, founded in 1984, functions within the trading companies and distributors sub-sector. It is involved in the trading of various commercial goods, contributing to supply chain facilitation across sectors.

On 4th November 2024, Saianand Commercial Ltd reported a market capitalisation of Rs. 9.09 cr. with a closing price of Rs. 0.40. The PE ratio is 11.96, and the company’s net income is Rs. 0.76 cr.

Shalimar Productions Ltd

Shalimar Productions Ltd was founded in 1985 and is a well-known entity in the entertainment sector, specialising in producing movies and television serials. The company plays a notable role in the regional film and TV industry, focusing on content development and distribution.

As of 4th November 2024, Shalimar Productions Ltd has a market capitalisation of Rs. 60.04 cr., with its shares closing at Rs. 0.61. The company shows an exceptionally high PE ratio of 1000.73 and a net income of Rs. 0.06 cr. It carries minimal debt, with a debt-to-equity ratio of 0.01%.

RGF Capital Markets Ltd

RGF Capital Markets Ltd operates in the diversified financials sub-sector, providing various financial services, including investment solutions and market trading services. The company is known for its offerings that cater to a broad client base in the financial market.

On 4th November 2024, RGF Capital Markets Ltd held a market capitalisation of Rs. 10.65 cr. and a closing share price of Rs. 0.71. It notably reports an extremely high PE ratio of 1,228,057,860,230,677,000.

Sharp Investments Ltd

Sharp Investments Ltd engages in financial services and investment activities, catering to different sectors through strategic capital placements and financial planning. The company’s portfolio often includes various market ventures. As of 4th November 2024, Sharp Investments Ltd’s closing price is Rs. 0.78. The PE ratio is listed as 0.00, and the net income amounts to Rs. 0.01 cr. 

NCL Research and Financial Services Ltd

NCL Research and Financial Services Ltd, founded in 1985, operates in the diversified financials sub-sector. The company provides consultancy and research services, assisting clients with market analysis and strategic decision-making.

On 4th November 2024, NCL Research and Financial Services Ltd had a market capitalisation of Rs. 83.49 cr., with shares closing at Rs. 0.78. The PE ratio is 51.53, and it reports a net income of Rs. 1.62 cr. 

Avance Technologies Ltd

Avance Technologies Ltd, established in 1993, is involved in IT services and consulting. It provides a range of technology solutions, including software development, digital transformation services, and consultancy for tech-enabled business solutions.

As of 4th November 2024, Avance Technologies Ltd has a market capitalisation of Rs. 170.44 cr. The stock’s closing price is Rs. 0.86, with a PE ratio of 34.93. The company’s net income stands at Rs. 4.88 cr.

Maharashtra Corp Ltd

Maharashtra Corp Ltd, established in 1982, operates in the textile sector. The company engages in fabric production, garment manufacturing, and textile trading, servicing both domestic and international markets.

As of 4th November 2024, Maharashtra Corp Ltd has a market capitalisation of Rs. 53.39 cr. and a closing price of Rs. 0.86. The PE ratio is 355.97, while the net income is reported at Rs. 0.15 cr. 

Nirbhay Colours India Ltd

Nirbhay Colours India Ltd focuses on the production and distribution of dyes and chemical colourants used in various industries. The company supplies a range of products for the textile, paint, and other colour-centric markets.

On 4th November 2024, Nirbhay Colours India Ltd had a market capitalisation of Rs. 0.33 cr. with a closing price of Rs. 0.90. The PE ratio stands at 0.27, and it reports a net income of Rs. 1.22 cr. 

Excel Realty N Infra Ltd

Excel Realty N Infra Ltd operates in the construction and engineering sub-sector, providing infrastructure development and real estate services. The company specialises in residential, commercial, and industrial construction projects.

As of 4th November 2024, Excel Realty N Infra Ltd’s market capitalisation is Rs. 132.61 cr., with a share price of Rs. 0.94. The PE ratio is 136.71, and the company has a net income of Rs. 0.97 cr. 

Debt Free Penny Stocks Below 1 Rupee

Note: The above list of debt free penny stocks under 1 rs is dated 5th November 2024 and is derived using the Tickertape Stock Screener. The following parameters were used for the purpose:

• Close price: Set the upper limit to 0.99
• Debt-to-equity ratio: Set it to Low

Note that the mentioned stocks in the above table have a debt-to-equity ratio of zero.

Profitable Penny Stocks in India

Note: The above list of penny share under 1 Rs is dated 5th November 2024 and is derived using the Tickertape Stock Screener. The following parameters were used for the purpose:

• Close price: Set the upper limit to 0.99
• Net Profit Margin: Set the lower limit to 0 – Sort from highest to lowest
• 5Y CAGR: Set the lower limit to 0

Shares Below 1 Rupee with the Largest Volume

Note: The above list of penny stocks below Re. 1 is dated 5th November 2024 and is derived using the Tickertape Stock Screener. The following parameters were used:

• Close price: Set the upper limit to 0.99
• Daily Volume: Set the high-sort from the highest to lowest.

Debt Free Penny Stocks With High Promoter Holding

Note: The above list of top 10 penny stocks in India under Rs. 1 is dated 5th November 2024 and is derived using the Tickertape Stock Screener. The following parameters were used:

• Close price: Set the upper limit to 0.99
• Debt-to-equity ratio: Set it to Low
• Promoter Holdings: Set to High

If you want to know more about fundamentally strong penny stocks, read this article.

Now, let’s look at the features of penny stocks, factors to consider before investing, and tips for investing in penny stocks. 

Features of Penny Stocks Below 1 Rupee

• High returns: As compared to higher-priced equity shares, penny stocks below 1 rupee give more opportunities to earn higher returns if the price increases exponentially. Stocks under 1 rs provide significant profit potential for investors willing to explore high-risk assets. Some of the top 100 penny stocks below 1 rupee can deliver substantial gains in a short period, attracting those who seek multibagger returns.
• Illiquid: Stocks below Re. 1 are illiquid as the issuing companies are mostly unpopular. This illiquidity is especially common in penny stocks under 1 rs with high promoter holding, making selling these shares more challenging due to a lack or scarcity of buyers. Below 1 rs share transactions often require careful planning to avoid being stuck in a position.
• High risk: Although these stocks have growth potential, they are highly vulnerable to market fluctuations. Therefore, investing in shares below Rs 1 NSE today can be risky. Investors with high-risk tolerance who are looking for multibagger stocks below 1 rs might consider them, but they should be cautious of the significant volatility.
• Low cost: These stocks are easy on the pockets, allowing retail investors to participate with minimal capital. However, buying 1 rupee penny stocks 2024 doesn’t guarantee that they are undervalued. Even the best penny stocks under 1 rs can be risky without proper due diligence.

Factors to Consider Before Applying for Penny Stocks in India Below 1 Rupee

• Dearth of information: Shares below Re. 1 often belong to less well-known companies. Many firms issuing penny stocks below 1 rupee fail to disclose essential information about financial health or corporate governance. This lack of transparency complicates the process of valuing penny stock under 1 rs and assessing the company’s true potential.
• Price manipulation: Given the low liquidity in such penny stocks, price manipulations are common. Historical data suggests that stocks under 1 rs are particularly susceptible. Sometimes, promoters or traders holding large stakes may artificially inflate or deflate stock under 1 rs prices to make personal gains, misleading everyday investors.

Advantages and Risks of Investing in Stocks Under 1 Rs

Benefits of Investing in Penny Stocks

Investing in penny stocks priced under 1 rupee comes with several benefits:

1. Low Entry Cost: With a minimal price, penny stocks under 1 rs are accessible to small investors. This low barrier enables buying a large number of shares, which could pay off if the company’s value increases. Shares below rs 1 NSE today offer such opportunities, especially if you can identify debt-free penny stocks below 1 rupee.
2. High Return Potential: Even minor gains can result in large percentage increases. Investing in multibagger stocks below 1 rs can potentially transform a small initial capital into a significant return. This high-risk, high-reward strategy appeals to those aiming for maximum growth.
3. Speculative Opportunities: For speculative investors, penny stocks with good fundamentals or those focusing on emerging sectors like green energy penny stocks India below 1 rupee can be attractive. EV penny stocks India below 1 rupee are another example of sectors with long-term growth potential.
4. Portfolio Diversification: Adding penny stocks to a diversified portfolio provides unique exposure. Options like 1 rs share or top 10 penny stocks under 1 rs can open pathways to unexplored market opportunities.

Risks of Investing in Penny Stocks

However, the risks of investing in penny stocks under 1 rs are significant:

1. Extreme Volatility: Penny stocks below 1 rupee often exhibit high price swings driven by speculation. This volatility is common in stocks under 1 rs, impacting investment stability. Investors looking for below 1 rs share gains must be ready for unpredictable changes.
2. Limited Liquidity: Shares under 1 rs frequently have low trading volumes, making transactions difficult. Exiting investments in 1 rupee share without affecting the price is often challenging. Penny stocks India below 1 rupee may require patience to execute trades effectively.
3. Lack of Information: Limited availability of reliable financial data is a drawback. Companies issuing 1 rupee share often lack regulatory filing obligations, reducing transparency. 1 rupees share list investors should tread cautiously, understanding the risks involved.
4. Market Manipulation: Thin trading volumes in penny stocks under 1 rs make them targets for manipulation. Shares below rs 1 may not reflect their true value, and investors should be wary of sudden price movements.
5. Quality and Fundamentals: Not all penny stocks below 1 rupee have sound business models. Even penny stocks list under 1 rupee with good fundamentals may pose risks if market conditions worsen.
6. Speculative Nature: Shares priced below Re. 1 tend to be more speculation-driven than fundamentally sound. Some under 1 rs share might promise high returns, but the reality could be starkly different. It’s crucial to consider the fundamentals and long-term viability of these investments.

Investors eyeing the best penny stocks to buy today India below Rs 1 must balance potential gains with the reality of market risks. Engaging in thorough research and recognising the speculative nature of less than 1 rs share investments are essential for navigating this market.

Tips for Investing in Penny Stocks

• Conduct a thorough background check on stocks below Re. 1 before investing in them. Study the financials and fundamentals of the stocks carefully to make an informed decision.
• Collect as much information as possible on the financial stability and future growth prospects of the company.
• Hire an expert financial advisor and seek their thoughts and analysis of such stocks.
• Stay from friendly advice and recommendations to buy specific penny stocks. Before acting, verify the authenticity of the source and do due diligence before considering investing in penny stocks in India below 1 rupee.
• Evaluate your risk appetite, as these stocks are highly volatile and prone to market fluctuations.
• If a penny stock is underperforming without an apparent reason, it may be time to sell it and protect your portfolio from declining further. Fundamentally strong stocks are known to rise after falling. But there is no guarantee that a penny stock will do the same. Be very practical about investing in penny stocks, and don’t let emotions influence you.

Who Can Invest in the Penny Stocks in India?

Investing in penny stocks, such as penny stocks under 1 rupee, may appeal to different types of investors, but it’s crucial to understand who may consider this as a viable investment option:

1. Risk-Tolerant Investors: Penny stocks can be highly volatile, meaning their prices may fluctuate significantly quickly. If you are an investor willing to take on a high level of risk in exchange for potentially high rewards, then investing in penny stocks to buy today could align with your risk appetite.
2. Small Capital Investors: Since these stocks are priced under 1 rupee, they may be attractive if you have limited funds to invest. For example, look for shares below Rs 1 NSE today to diversify your portfolio without committing significant capital.
3. Long-Term Investors with Patience: Penny stocks, such as multibagger penny stocks for 2025, often require a long-term perspective. You may need to hold these investments for an extended period to potentially realise substantial gains.
4. Investors Looking for Diversification: If you are seeking to diversify your investment portfolio, adding debt-free penny stocks with high promoter holding could spread the risk across different sectors. You might find opportunities in sectors like green energy, where green energy penny stocks India below 1 rupee could align with your investment strategy.
5. Speculative Traders: You might be a speculative trader who thrives on short-term price movements. The volatility of 1 rupee share prices may present numerous opportunities for trading profits.

Before diving into the world of penny stocks, assessing your financial goals, risk tolerance, and market knowledge may be essential. The stocks priced below 1 rupee may offer significant upside potential, but they are not suitable for everyone due to the risks involved.

How to Identify Penny Stocks With Good Fundamentals in India?

Identifying penny stocks to buy in 2024 may require looking beyond just the stock price. To increase your chances of success, consider several fundamental factors.

1. Company’s Financial Health
   You may want to look for debt-free penny stocks or those with manageable debt levels. A high debt burden could indicate financial instability, while low or no debt might suggest a stronger financial position. It may also be useful to analyse the company’s balance sheet, focusing on its assets, liabilities, and shareholder equity. A well-maintained balance sheet could mean that the company is in a better position to withstand economic challenges, which may make it a safer choice among 1 rupee stocks.
2. Revenue and Profit Trends
   It might be helpful to review the company’s revenue trends and profit margins over several years. Consistent growth in revenue and stable or improving profit margins may indicate that the company is performing well within its sector, even if its stock price is currently low. Such trends could suggest that the stock has the potential to become a multibagger penny stock for 2024.
3. Management Quality and Promoter Holding
   You could consider examining the company’s management team and their track record. Companies led by experienced and reputable managers may have better strategies for growth and risk management. High promoter holding can also be a positive indicator, suggesting that those who know the business best have confidence in its future prospects. This is particularly relevant when searching for debt-free penny stocks with high promoter holding.
4. Sector Potential and Market Trends
   Evaluating the sector in which the company operates could provide additional insight into its future potential. For example, sectors like green energy and electric vehicles are gaining popularity. Looking into green energy penny stocks India below 1 rupee or EV penny stocks India may uncover stocks with strong growth prospects due to favourable market trends.

By considering these factors, you may increase your chances of identifying fundamentally strong penny stocks that align with your financial goals and risk tolerance. Remember, while the allure of high returns is compelling, it is equally important to exercise caution and conduct thorough research before making any investment decisions.

How to Invest in Penny Stocks?

Why jump platforms to evaluate the stock and then buy it on another when you can do both on Tickerape? Study the stock fundamentals using Tickertape Stock Pages and add them to the ‘Basket’ to place buy orders. Further, with our fully-equipped asset pages, you can dive deeper into any stock and mutual fund. 

On asset pages, you get penny stocks’ share prices, their quantitative analysis via Scorecard, forecasts, financial information, peer comparison, company updates, and more. With this information handy, you can analyse any stock within a few clicks. The Scorecard, particularly, helps you analyse the stock based on quantitative factors such as profitability, performance, entry and exit points, valuation, and growth and provides a sneak peek into the potential red flags in the stock. 

Research, analyse, and invest quicker than before, because #TickertapeHaiNa! Become a Pro Member now!

Conclusion

Penny stocks below Re. 1 have the potential to turn into multi-baggers and give bumper returns but remember that they are highly risky investments. Such stocks belong to low market-cap companies and are prone to price manipulation. Consult your financial advisor before investing in shares below 1 Rupee.

Frequently Asked Questions (FAQs) About Penny Stocks Below Re. 1

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Anjali Chourasiya

I am a finance enthusiast who loves exploring the world of money through my lens. I’ve been dedicated to building systems that work and curating content that helps people learn.

As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!

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