Name some penny stocks with stock price less than 1 rupee?
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Best Multibagger Penny Stocks under Rs. 1
1. SEL Manufacturing
You may be surprised to notice the startling figures illustrated above, of SEL Manufacturing, a penny stock company that was once hit by severe bankruptcy. The company reported a net loss during the first half of the current fiscal year.
SEL Manufacturing, a Ludhiana based company, operates in manufacturing textiles under various segments like cotton yarn, combed yarn, knitted fabrics, knitted garments, and terry towels.
In a nutshell, SEL Manufacturing gave highly unexceptional performance: In a 3 month period, the stock rose from INR 0.35 to INR 91.8 which means for an investment of INR 10,000 it received a return of INR 26 Lakhs.
2. Alps Motor Finance:
If you visualise companies like Alps Motor Finance then you will be astonished to notice that you can make 70 percent and it happened in 2022.
It was observed that the sensex rose by 3.30 percent during this period. Beware, some penny stocks maintain a sub-standard fundamentals hence only the right stock can lead to life time’s great returns.