Invest in undervalued stocks currently trading at below 1 Rupee, Best Multibagger Penny Stocks

Penny Stocks to invest : We have heard of many stocks in share market which are fetching extremely good returns in long term. Many of the penny stocks to buy are hidden from our eyes which have potential to grow even more than 1000% in a short span of time. Mostly these stocks are listed on BSE.

In this article we will know penny stocks India which are Top 10 Stocks to invest in 2024 under 1 Rupee but have the scope of moving steeply in future. Some of these Indian Penny Stocks you may see in future trading among multibagger stocks. These are top 10 penny stocks which can perform outrageously in near future.

1. MFL India – 

MFL India Ltd is a Logistics and Cargo Transport Enterprise. The company operates with its own trucks and other specialized cargo handling and transport equipment. MFL India is listed under best penny stocks to invest in 2024.

The return on capital employed is 42.29% with market cap of Rs. 34.60 Cr. The Stock P/E is 18.40.  The present market price of the company’s share is 0.74 and the share has a 52 week high of Rs. 1.14 and 52 week low of Rs. 0.54.

We see the share to achieve Rs. 1.25 levels in the coming future.

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2. NCL Research and Financial Services Ltd – (Penny Stocks to invest)

The company was incorporated in 1985. NCL Research and Financial Services Ltd is in the business of finance and investments in capital markets. The company is a debt free company. This is another penny stocks to invest in 2024.

The market cap of the company is Rs. 51.40 Cr. The Stock P/E is 37.41.  The present market price of the company’s share is 0.52 and the share has a 52 week high of Rs. 0.80 and 52 week low of Rs. 0.35.

We see the share to achieve Rs. 0.95 levels in the coming future.

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3. Yamini Investment Company Ltd – 

This company was incorporated in 1983 and listed on BSE. The company is engaged in investments like Loans & Advance and Investments. The company has a market cap of Rs. 46.3 Cr. and P.E ratio of 140. 

The present market price of the company’s share is 0.77 and the share has a 52 week high of Rs. 1.13 and 52 week low of Rs. 0.54.

We see the share to achieve Rs. 1.15 levels in the coming future.

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4. 7NR Retail Ltd – 

7NR Retail Ltd. is a debt free company and has competitors like Trent, Metro Brands, V Mart Retail etc. This company is engaged in wholesaling and Retailing of readymade garments. The Company is offering the finest quality product matching with the latest style and fashion.

The market cap of the company is Rs. 24.1 Cr. The Stock P/E is 32.1.  The present market price of the company’s share is 0.52 and the share has a 52 week high of Rs. 1.24 and 52 week low of Rs. 0.44.

We see the share to achieve Rs. 1.2 levels in the coming future.

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5. Kretto Syscon Ltd – (Penny Stocks to invest)

The Kretto Syscon Ltd deals in real estate development and software development. This also is a debt free company. The company has peer competitors like Rail Vikas, Macrotech, National Stander etc. This is another penny stocks to invest in 2024.

The market cap of the company is Rs. 10.8 Cr. The Stock P/E is 83.2.  The present market price of the company’s share is 0.75 and the share has a 52 week high of Rs. 0.95 and 52 week low of Rs. 0.43.

We see the share to achieve Rs. 1.25 levels in the coming future.

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6. Goldline International Finvest Ltd – 

The company Gold Line International Finvest Limited is in the segment of financial consultancy and investment management services. Majorly the Company offers investment advisory services, money market operations, treasury management, and investment trust administration services. This also is a debt free company. 

The market cap of the company is Rs. 37.00 Cr. The Stock P/E is 763.36.  The present market price of the company’s share is 1.00 and the share has a 52 week high of Rs. 1.00 and 52 week low of Rs. 0.43.

We see the share to achieve Rs. 3.05 levels in the coming future.

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7. ACI Infocom Ltd –

The company deals in information technology products and construction services. Main focus of the Company is on residential and commercial projects. However this company also present in development, redevelopment, and SRA projects area. This company has improved its debt marginally and performing well. This is another penny stocks to invest in 2024.

The market cap of the company is Rs. 10.9 Cr. The Stock P/E is 59.48.  The present market price of the company’s share is 1.33 and the share has a 52 week high of Rs. 1.90 and 52 week low of Rs. 0.66.

We see the share to achieve Rs. 2.05 levels in the coming future.

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8. A R C Finance Ltd – (Penny Stocks to invest)

This company was founded in 1985. The company is registered as NBFC with the RBI. This company deals in trading in shares, financial services investment activities, and Provide Secure and Unsecured loans. 

The market cap of the company is Rs. 44.40 Cr. The Stock P/E is 110.76.  The present market price of the company’s share is 0.70 and the share has a 52 week high of Rs. 1.10 and 52 week low of Rs. 0.52.

We see the share to achieve Rs. 1.65 levels in the coming future.

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9. Biogen Pharma – 

The company was incorporated in 1995. The Biogen Pharmachem Ltd is in the business of trading in shares and securities in present and future market. The company is also a business consulting company. The company’s net debt is only 0.39 times of its EBITDA. 

The market cap of the company is Rs. 53.5 Cr. The Stock P/E is 45.40.  The present market price of the company’s share is 0.82 and the share has a 52 week high of Rs. 1.26 and 52 week low of Rs. 0.53.

We see the share to achieve Rs. 1.90 levels in the coming future.

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10. Sanwaria Consumer Ltd – 

The company is engaged in extraction of soya. The company is manufacturer and trader of rice, edible oil and staple food products like pulses, sugar, soya chunks, wheat flour, rice flour, salt, suji, maida, besan, daliya and soya meal, among others. This is another penny stocks to invest in 2024.

The market cap of the company is Rs. 51.5 Cr. The present market price of the company’s share is 0.35 and the share has a 52 week high of Rs. 0.80 and 52 week low of Rs. 0.25.

We see the share to achieve Rs. 0.95 levels in the coming future.

We have our own research on the above companies prospect market price and trading levels. We suggest you go through deep market research before investing in any of the companies in the share market.

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