Home/Blogs/Start your investment journey in 2024 with these stocks under Rs 10

Start your investment journey in 2024 with these stocks under Rs 10

stock market
Published Date: 06 Mar 2024Updated Date: 15 Jan 20256 mins readBy MOFSL
Stocks under 10 rs

Best Stocks to Invest Under Rs 10 in India 2024

Financial investments do not always need to be expensive. One of the best parts about investing in stocks is that you can start by investing even with a mere Rs 10 or less. These penny stocks have also been proven to give high returns, providing great potential to gain profits while learning about stock market behaviours without risking more significant investments.

If your investment plans for 2024 include investing in penny stocks that cost under Rs 10, we are here to guide you.

Best stocks you can buy under Rs 10 in 2024

Debock Industries Ltd

The Debock Group deals in the manufacturing of agricultural equipment, sales and marketing, hospitality, and more. Their eagle sales division, which specialises in agriculture equipment, provides cost-effective solutions to Indian farmers.​​​​​​​

With the stock priced at Rs 9.50, Debock has delivered a profit growth of 66.7% CAGR over the last 5 years and it also provides an ROE of 19.3%, making it a trustworthy investment option.

Integra Essentia Ltd

Integra Essentia Ltd focuses on life essentials, covering agro-products, clothing, construction and development materials or services, and energy in India. The company values innovation, aiming to build trusted relationships with their customers.

Integra Essentia is an almost debt-free company and has delivered a profit growth of 39.3% CAGR over the last 5 years. It is priced at Rs 6.57 and provides an ROE of 28.6%, which projects future potential for growth.

Comfort Intech Ltd

Comfort Intech Ltd engages in the production and trade of a diverse range of products and services. Besides specialising in the manufacturing and distribution of India-made foreign and domestic liquors, it also trades in various items such as fans, fabrics, consumer appliances, electronics, and textiles.

Priced at Rs 8.88, Comfort is nearly a debt-free company. It has projected a median sales growth of 27.2% in the last 10 years, and the stock PE ratio is 21.7, making it a decent investment option.

Virgo Global Ltd

Virgo Global Ltd, initially known as Om Web Pvt Ltd, is an IT software services company involved in manufacturing, trading, and maintaining computer hardware and software across India.

The current price of Virgo Global is Rs 8.81, and the stock has a good ROE track record of 32.5% in 3 years. The company is expected to perform well in the future and can be a fit for your investment portfolio.

Vikas Lifecare Ltd

Vikas Lifecare Ltd manufactures and supplies chemicals tailored for diverse industries. They have a proactive approach towards environmental sustainability and are dedicated to innovating and directing significant investments in research and development.

The company has successfully produced +108% returns, with an average return of +36% from 2021 to 2023. With the current stock price of Rs 7.15, experts predict that the shares might grow up to 20% this year, making Vikas Lifecare a high-potential stock for your investments.

Benefits of investing in stocks under Rs 10

Investing in stocks valued below ₹10 offers you the potential for rapid returns. These stocks can upgrade to becoming multi-baggers, showcasing substantial growth, potentially multiple times your initial investments. You also have the advantage of investing early at a low cost because many penny stocks that are initially overlooked sometimes become market favourites.

Since the investment is relatively low, these stocks provide a cost-effective platform to learn how the stock market works. While success is not guaranteed, being a part of the market helps you hone your investment skills, helping you prepare for bigger investments in the future.

Due to factors like low liquidity and high volatility, the success ratio is low, requiring you to manage your risks actively. The key is diversifying your investments across different stocks to minimise potential losses. This helps maximise your profit and offers a balanced approach to sustain yourself in an unpredictable market.

Conclusion

Cost-effective investments like penny stocks can benefit your investment portfolio, whether you are a new or seasoned investor. However, making penny stocks the centre of your portfolio is not advisable. Instead, use them to add diversity and increase the potential for dramatic gains, which can be beneficial for your future financial goals. If you consider investing in these stocks this year, research, get expert advice, and make well-informed decisions to safeguard your financial future and avoid any investment regrets.

 

Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account 

 

Popular Stocks:  HDFC Bank share price | ICICI Bank Share Price | UPL Share Price | Tata Consumer Share Price | Divislab Share Price

You may also like…

Disclaimer: The stocks, companies, or financial instruments mentioned in this blog are for informational purposes only and should not be considered as investment recommendations. It is advised to consult with your financial advisor before making any investment decisions. Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Investors are strongly encouraged to carefully read the risk disclosure documents prior to participating in market-related investments or trading activities. Due to the volatile nature of financial markets, no guarantees can be made regarding investment returns. Motilal Oswal Financial Services Ltd. does not offer any assured returns on market-linked securities. Please note that past performance of stocks or indices is not indicative of future results.
Open Demat Account
I wish to talk in South Indian language
By proceeding you’re agree to our T&C