Penny stocks are the shares of the companies that are available under Rs. 75, with a market capitalization of under Rs. 500 Crores.
They are very illiquid and can hit their assigned circuit levels with just a minor increase in the volume of trades. So be aware and don’t become greedy by looking at their prices and returns, thereby having a possibility of getting trapped.
Here are some penny stocks under Rs.10
Integra Essentia
Integra Essentia Limited is engaged in the business of life essentials like food, clothing, infrastructure, energy, and other basic human needs that are required to sustain modern life.
In the day’s trade, On December 22, 2023, the shares of Integra Essentia Limited closed at Rs. 6.35, up 1.60 percent from its previous day’s close price of Rs. 6.25 and its market capitalization is Rs. 290 Crores.
The company’s revenue from operations grew 249 percent from Rs. 69 Crores in FY22 to Rs. 241 Crores in FY23, accompanied by increasing profits of Rs. 1 Crore to Rs. 7 Crore.
It has reported a return on equity (ROE) of 14 percent and a return on capital employed (ROCE) of 28.6 percent, it is making good returns on its equity and capital employed.
Swasti Vinayaka Art & Heritage Corporation
Swasti Vinayaka Art & Heritage Corporation Limited is engaged in dealing with precious and semi-precious stones, paintings, jewelry carvings, stocks, and receiving compensation against the property.
In the day’s trade, On December 22, 2023, the shares of Swasti Vinayaka Art & Heritage Corporation Limited closed at Rs. 3.88, up 1.31 percent from its previous day’s close price of Rs. 3.83 and its market capitalization is Rs. 35 Crores.
The company’s revenue from operations grew 26.32 percent from Rs. 10.03 Crores in FY22 to Rs. 12.67 Crores in FY23, accompanied by increasing profits of Rs. 1.53 Crores to Rs. 2.93 Crores.
It has reported a return on equity (ROE) of 15.92 percent and a return on capital employed (ROCE) of 18.39 percent, it is making good returns on its equity and capital employed.
Seacoast Shipping Services
Seacoast Shipping Services Limited is one of the largest freight forwarders in Gujarat, engaged in providing logistics services to exporters and importers.
In the day’s trade, the shares of Southeast Shipping Services Limited closed at Rs. 3.21, up 2.23 percent from its previous day’s close price of Rs. 3.14 and its market capitalization is Rs. 173 Crores.
The company’s revenue from operations grew 236.13 percent from Rs. 127.8 Crores in FY22 to Rs. 429.58 Crores in FY23, accompanied by increasing profits of Rs. 2.55 Crores to Rs. 14.28 Crores.
It has reported a return on equity (ROE) of 26.04 percent and a return on capital employed (ROCE) of 28.4 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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