Here’s an attractive list of some of the cheapest stocks trading under $0.01 (less than ₹1 in India).** These penny stocks may seem tempting due to their ultra-low prices, but they carry significant risk due to high volatility and financial instability.
Top Indian Stocks Under ₹1
Syncom Formulations (India) Ltd
- Sector: Pharmaceuticals
- Price: ₹0.35
- A pharmaceutical player with highly speculative stock movement.
Shree Ram Urban Infrastructure Ltd
- Sector: Real Estate
- Price: ₹0.70
- A struggling real estate company, still active in the stock market.
KBC Global Ltd
- Sector: Infrastructure & Construction
- Price: ₹0.50
- A small player in construction with a low valuation but high-risk profile.
Sanwaria Consumer Ltd
- Sector: FMCG
- Price: ₹0.25
- This FMCG company has been battling financial stres
Infotech Ltd
- Sector: IT Services
- Price: ₹0.95
- Once a well-known mid-cap stock, now operating at a fraction of its past value.
Alok Industries Ltd
- Sector: Textiles
- Price: ₹0.80
- A major textile company in a downturn, but still trading actively.
Hindustan Construction Company Ltd (HCC)
- Sector: Construction & Infrastructure
- Price: ₹0.90
- A reputed infrastructure company, struggling with debt issues but still a key player.
GTL Infrastructure Ltd
- Sector: Telecom Infrastructure
- Price: ₹0.45
- A company in the highly competitive telecom infrastructure space.
RattanIndia Power Ltd
- Sector: Power
- Price: ₹0.60
- A power generation company under financial pressure but trading cheaply.
Suzlon Energy Ltd
- Sector: Renewable Energy
- Price: ₹0.85
- A major player in wind energy facing financial challenges but with long-term potential in renewables.
Why Invest in Penny Stocks?
Penny stocks like these have potential for high returns but are also extremely risky. The low price means small movements can lead to significant percentage gains or losses, making it crucial to research the company’s financials before investing.
Final Thoughts
While these stocks may appear attractive due to their low price, it's essential to consider the associated risks. Always consult with a financial advisor and perform thorough due diligence before investing in such high-risk opportunities.