Stocks Under ₹10

While starting your journey in the stock market you don’t need to spend a lot of money. We have selected a list of stocks that have a price of less than ₹10 per share, which have a very good potential to grow in the time ahead. The stocks which are mentioned in the list are chosen after analyzing price trends, news, speculation, and fundamental analysis.Testing

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As on November 21, 2024

List Of Shares Below ₹10

Top 5 Stocks Under ₹10

Last Updated: June 24, 2024

1) Sundaram Multi Pap

About the company: Sundaram Multi Pap Ltd is a company that deals in e-learning and stationery for schools and offices.

Positives: 

- The number of debtor days decreased from 82.9 to 40.2 days. 

Negatives:

- The company's interest coverage ratio is inadequate. 
- Over the last five years, the company's revenue growth has been a dismal at 1.44%.
- The promoter's stake is low at 31.1%. 

Sundaram Multi Pap Share Price

2) Kanani Industries

About the company: Kanani Industries Ltd is engaged in the business of manufacturing & export of Diamond Studded Jewelry.

Positives:

- Company with low debt
- The company have zero promoter pledge
- Strong Annual EPS growth

Negatives: 

- The company has delivered a poor sales growth of -8.06% over the past five years
- The company has a low return on equity of 1.38% over the last 3 years
- The company might be capitalizing on the interest cost

Kanani Industries Share Price

3) Mittal Life Style

About the company: Mittal Lifestyle Ltd. offers denim and bottom-weight fabrics

Positives:

- The company's debt has decreased. 
- The company has nearly no debt. 


Negatives:

- Despite consistently declaring profits, the company does not provide dividends.
- The promoter holding is down -14.3% from the previous quarter.
- Over the last five years, the company's revenue growth has been poor, at a rate of -4.52%.

Mittal Lifestyle Share Price

4) Bhandari Hosiery Exports Ltd.

About the company: Bhandari Hosiery Exports is engaged in the textile business. Business activities include design and development to knitting, dyeing, and finishing of fabrics and garments. The broad range of offerings, technical expertise, international reach and state-of-the-art in-house manufacturing facility, allow customers to get the design solutions they need.

Positives:

- Stock is trading at 0.81x its book value

Negatives:

- The interest coverage ratio for the company is low.
- Over the previous five years, the company's sales growth was only 5.77%, which is poor.
- Low promoter ownership: 25.0%

Bhandari Hosiery Exports Share Price

5) Prakash Steelage Ltd.

About the company: Prakash Steelage Limited is a leading manufacturer of High Quality Stainless Steel Welded Pipes, Tubes & U-tubes. The customer base includes a diverse set of industries including Oil & Gas, Power, Pharmaceutical, Petrochemical, Sugar, Dairy, Automobile, Desalination etc. Our products have found wide acceptance in the markets of North America, South East Asia, Africa, Middle-East and Europe.

Positives: 

- The business has decreased its debt.
- Over the past five years, the company has produced strong profit growth of 24.2% CAGR.
- The number of days owed has decreased from 73.5 to 30.8.

Negatives: 

- Over the last five years, the company has delivered a dismal sales growth of -20.5%.
- Low promoter ownership: 33.4%
- Earnings also include 126 crore rupees in other income.
- Over the past three years, promoter holding has decreased: -14.8%

Prakash Steelage Share Price

 
 
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

 

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