Top Penny Stocks Under Rs 1 – Low Risk, High Reward

The below-listed stocks are absolutely debt-free and multi-bagger penny stocks. The following stocks are as per my fundamental analysis.

I am not suggesting you to invest blindly, do your own research before investing.

1. Coral India Finance and Housing Ltd.

Coral India Finance and Housing Ltd. – a Debt-Free Multibagger Penny Stock

Coral India Finance & Housing Ltd. (Real Estate Industry) is listed under the penny stock category and its performance makes it a multi-bagger. The company belongs to the small-cap, and the market capitalization is INR 143 crore.

The company holds a record of having a debt-to-equity ratio equal to zero for five years which indicates the company is completely debt-free.

When compared with the previous trading sessions, on July 21, the share price is up by 0.14 percent and is at INR 35.65 per share.

In the financial year, FY23, the company had impressive growth in ROE (12.4 %), and ROCE (14.0 %) respectively.

In FY 22-23, the revenue growth was 7 percent when compared with FY 21-22. The company’s year-on-year growth was at INR 29 crore.

The net profit made significant progress from INR 17 crore in FY 21-22 to INR 18 crore in FY 22-23.

With such impressive performances, you should miss out on participating in trading, Coral India Finance & Housing Ltd, multi-bagger penny stocks.

2. Oswal Agro Mills Ltd.

Oswal Agro Mills Ltd – A Debt-Free Multibagger Penny Stock

Oswal Agro Mills Ltd. is a small-cap company with a market capitalization of INR 386 and was listed under the penny stocks.

The company is immersed in conducting trades and developing real estate, does item trading, and invests its excess cash by issuing loans in the form of inter-corporate deposits. The company shares trade at INR 28.80 per share.

In contrast to the previous trading session, the company share went down by 0.52 percent to INR 28.80.

The important parameters like Return on Investment (ROI) and Return on Capital Employment (ROCE) touched 2.86 percent and 1.93 percent respectively.

The company made a good sale, it spiraled by 145 percent to 27 crore in FY 22-23 and the net profit rose by 350 percent to 9 crore.

With such a progressive growth in the performance of the stocks, you can think it about buying these penny stocks.

3. Jullundur Motor Agency Delhi Ltd

Jullundur Motor Agency, Delhi Ltd is one of the leading vehicle spare parts distribution firms, the company has attained expertise in trading and entertains the distribution channel of vehicle parts, accessories, and gasoline supplies.

On July 21, 2023, the price per share was INR 71.80 and in fact, went down by 1.31 percent from the previous session.

The significant elements that infuse you to opt for Jullundur Motor Agency shares are the following upswing figures.

First, the company is a completely debt-free multi-bagger penny stock that represents a loan-free firm. Something you can think of to purchase it.

Second, in FY23, the company’s ROE/ROCE was 13.21/17.65 and the revenue rose by 15 percent to 503 crore in reference to the previous year FY22. Meanwhile, the net profit weighed by 12 percent to INR 27 crore.

Features of Penny Stocks:

Penny stocks begin with a single-digit low price, less than INR 10 and with this feature made available, you can buy more penny shares with a small capital investment.

Penny stocks yield huge capital appreciation on selecting the companies that hold good market fundamentals over the long term.

Penny stocks are high-risk investments and you are advised to approach them with caution. Hence, experts suggest you do detailed research before making an investment in penny stocks.

Providing suggestions for purchase of the upcoming well-to-do penny stocks in the year ahead, 2023-24 for you.

Best Companies Where You CAN Buy Stocks in July 2023

 List of the best penny stocks whose stock price is less than 1 Rupee

List of the Penny Stocks Below INR 1 @NSE as of March 30, 2023 (Forbes Official Website)

List of the Penny stocks below INR 1 @BSE as of March 30, 2023 (Courtesy: Forbes Official Website)

Benefit in Investing in Penny Stocks Below INR 1

You shall benefit from penny stocks below INR 1 as these stocks get multiplied quite easily.

If you happen to purchase 100 stocks for 0.5 percent per share and the sector projects a positive slide by 90 percent then the investment value reaches INR 4500 from INR 50.

And, equally a negative slide is a fall in the share price can cause a huge loss. Hence, you need to get prepared for a calculated risk.

Important Observations:

The stock markets rallied very high during covid-19 and strangely several smallcap, midcap, and largecap peers had spiraled. However, experts say that you must be calculative and be ready to take risks.

The stock markets are highly volatile, before considering a penny stock you must analyze the chosen company’s revenue model. In addition, you check for the sustainability of the business operations.