Best Stocks Under 10 Rupees in India

Investors are always on the lookout for hidden gems with the potential for significant returns. While large-cap stocks tend to dominate the spotlight, there exists a lesser-discussed category of companies that could offer remarkable growth opportunities. These stocks, frequently overlooked by mainstream investors, strike a unique balance between risk and reward, making them an attractive option for those with a keen eye for value.

In this article, we will provide you with a 1 to 10 rupees share list from NSE and BSE. We will also highlight the best share under 10 Rs that has the potential to deliver good returns in the future. So, let’s get started!

Here are the 1 to 10 Rupees Stocks List

Here is the list of shares between 1 to 10 rupees that are shortlisted based on their market capitalization:

Note: Data collected as of November 18th, 2024

Check out the 5 Best Stocks Out of it

Here is the list of best shares between 1 to 10 rupees selected based on their performance and returns:

Note: Data collected as of November 18th, 2024

Overview of Best Stocks under 10 Rupees in India

Here’s an overview of the top shares priced between 1 to 10 rupees:

1) Seacoast Shipping Services Limited

Seacoast Shipping Services Limited formerly known as Mahaan Impex Limited is one of the top penny stocks under 10 rs. The company came into existence by incorporating on October 15, 1982. Situated its Headquarters in Ahmedabad, Gujarat, It started its operations as freight forwarders and shipping agents and later became a prominent shipping and logistic service provider. Having expertise in surface transportation and project logistics, SSSL manages over-dimensional and overweight Consignments through multi-modal routes serving agriculture, infrastructure, and large-scale Industries.

Further, SSSL supports the growth of the agro-cargo logistics sector by leveraging its network to assist complex project transportation for large-scale facilities that include power plants and manufacturing units. although it does not operate physical power plants, SSSL handles a versatile fleet and joins hands with partners to meet the needs of significant logistical projects.

• Market cap - Rs.212 Crs

• ROCE - 28.3%

• ROE - 21.4%

• Debt to Equity - 0.24

2) Sakuma Exports 

Incorporated in the year 2005, Sakuma Exports is a notable company in the trading of agricultural commodities, mainly sugar, edible oils, grains, and pulses. The Company also established a supply of maize to multigrain refineries for the production of Ethanol.

With its headquarters in Mumbai, Maharashtra, it manages to function in both domestic and international markets especially marked by its strong presence across India, Singapore, and Dubai markets. Further, the Company diversified its Business with subsidiaries in Tanzania, Ghana, and the UK by maintaining healthy trading relationships between numerous countries.

The company supplies commodities to major industrial clients and FMCG companies for their production needs. Additionally, the company has expanded its distribution centers in Bihar, West Bengal, and North-East to increase its competitiveness in domestic trade. Along with USD 10 million in investments in its UK subsidiary, Sakuma reinforces its global trading position. 

With its diverse product range, strong market presence, and solid fundamentals, Sakuma Exports stands out as one of the promising stocks under 10 rupees.

• Market cap - Rs.594 Cr

• ROCE - 8.61%

• ROE - 7.53%

• Debt to Equity - 0.07

3) Sarveshwar Foods

Sarveshvar Foods has been a family-run business for over a hundred years in Jammu and Kashmir. Founded in 1890, the company key player in the Indian Rice Industry. Having expertise in processing and marketing both branded and unbranded Basmati and Non-Basmati rice. 

Under the name “Nimbark” Brand, the company offers a wide range of organic rice and other organic food products. In addition to this, the company is known for premium Basmati rice by underlining high quality, aroma, and sustainability in its production process.

The company mainly operates 2 processing facilities in Jammu approved by USFDA and BRC, With over 17,000 farmers across 45,000 acres to get the yield of high-quality organic ingredients, the company exports to over 25 countries thereby marking their international presence.

• Market cap - Rs.878 Cr

• ROCE - 11.8%

• ROE - 7.95%

• Debt to Equity - 1.05%

4) Sacheta Metals

Sacheta Metals Limited was established in 1990 as an Indian aluminum and stainless steel manufacturer and exporter of kitchenware, cutlery, and houseware items. The headquarters is in Gujarat. Its registered office and manufacturing facility are at Block No. 33, Sacheta Udyog Nagar, Village Mahiyal, Talod, Sabarkantha. In addition to that, Sacheta has its corporate office in Mumbai, Maharashtra.

Kitchenware, non-stick cookware, pressure cookers, aluminum foils, PP caps, and many other household items lie within the product portfolio of Sacheta Metals. Targeted in both the domestic as well as international markets, the company is known for quality and durability, serves a wide customer base, and has been government-certified as an export house.

• Market cap - Rs.54.6 Crs

• ROCE - 5.87%

• ROE - 4.48%

• Debt to Equity - 0.42

5) Ashapuri Gold Ornament Ltd

Ashapuri Gold Ornaments Limited of Ahmedabad, Gujarat is a company that offers wholesale trading and manufacturing of gold ornaments and diamond jewelry. Registered in the jewelry industry, Ashapuri Gold Ornaments offers a highly established showroom along the main retail stretch at C.G. Road in Ahmedabad, with branches in Bangalore, New Delhi, and Mumbai. The company provides high-end retail, and well-esteemed jewelry brands, with high-quality designs and precision because of the in-house production and outsourced manufacturing services of the company.

Traditional to contemporary designs of jewellery, Ashapuri Gold deals in all areas; bridal, antique, and Indo-western. It has had an in-house manufacturing unit since March 2019, which has helped it enhance its capability to meet quality standards and customer demand while minimizing dependency on external job work. 

• Market cap - Rs.315 Crs

• ROCE - 10.3%

• ROE - 7.62%

• Debt to Equity - 0.06

Benefits of Investing in Stocks Under 10 Rs

Here are the advantages of investing in penny stocks under 10 Rs:

• Affordability: As these shares are priced low, one can start investing with a small amount of capital. thereby allowing a wide range of investors to invest and enter the market without requiring huge amounts of funds

• Diversification Opportunities: Investors can diversify their portfolio effortlessly by purchasing multiple low-cost shares from different industries which mitigates market risk.

• High Growth Potential: These penny stocks have the capacity to become multi-baggers if the underlying company performs well and since the investors purchased these shares at a low price, there is a high chance to get significant returns.

Risk of Investing in Stocks Under 10 Rs

Below are the risks you should consider before investing in 1 to 10 rupees shares:

High Volatility - The stocks that are priced lower than Rs.10 always have the risk of experiencing price swings due to market speculation or company-specific news which may result in influence the movement in the shares.

Liquidity Risk - The shares between 1 to 10 Rs often have a risk of trading in lower volumes most likely due to less investor awareness and interest. Thereby it makes it difficult to buy or sell the shares. This further expands the gap between the bid and ask spread, affecting the transaction costs.

Lack of Information - The shares below 10 Rs are most likely smaller companies and are often overlooked by analysts for comprehensive coverage. This makes research difficult, increasing the investment risk.

Should You Invest in Shares Under 10 Rs?

As we discussed the benefits and risks of the 1 to 10 Rs shares, it's important to remember that these are penny stocks. Therefore, the chance of volatility in the prices is also high, which increases the investment risk. In addition to this liquidity of these stocks is often low, making it difficult to sell them in case of a fall in prices.

On the other hand, if these stocks are chosen rationally with proper research, there are chances of getting high returns too. Some penny stocks do have the potential to become multi-baggers in the future, which may give exceptional returns to the investors.     

How to Invest in Stocks?

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8. Start Investing: Once your account is active, you can start trading or investing using the broker's platform.

Conclusion

Wrapping it Up, stocks under 10 Rs provide a good investment opportunity for investors with a small amount of capital because of their affordability. Further, it also provides benefits to investors such as diversification and short-term trading opportunities. However, investors should note the risks as well before making an investment decision. Investors are advised to do proper research on their own or consult a financial advisor to assist in their investment avenue in the shares under 10 Rs.

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FAQs:

Q1. Which stock is best under 10 Rs?

From the above list, Seacoast Shipping Services is the best stock under 10 Rs based on performance and returns. However, it is recommended that investors conduct their own research and invest according to their risk tolerance

Q2. Which 1 Rs share is the best?

All these are penny stocks and their prices fluctuate on a daily basis. Hence we cannot specify any particular stock.

Q3. Are 1 to 10 Rs shares safe for long-term investments?

These stocks contain high levels of risk due to volatility and further, there is a risk of liquidity. Therefore investors consider their risk appetite before investing in such companies.

Q4. How can I identify fundamentally strong stocks priced under 10 Rs?

One can identify fundamentally strong stocks priced under 10 Rs by analyzing the financial health of the company, reviewing the company’s background, analyzing the cash flow and debt of the company, and comparing the company’s growth to the industry growth.

Q5. Most active shares below Rs 10

As of Nov 20, 2024 Vodafone Idea is the most active stock.