Penny shares are trading below INR 10 lakh with strong financials to watch » Today Latest Stories
Penny stocks are stocks of companies available under Rs. 75, with market capitalization less than Rs. 500 Crores.
They are highly illiquid and can reach their assigned circuit levels with a slight increase in trade volume. So be aware and do not become greedy looking at their prices and returns, thus potentially falling into a trap.
Here are some penny stocks under Rs.10
The whole essence
Integra Essentia Limited is in the business of life essentials such as food, clothing, infrastructure, energy and other basic human needs required to sustain modern life.
In today’s trading, on December 22, 2023, shares of Integra Essentia Limited closed at Rs. 6.35, 1.60 per cent higher than the previous day’s closing price of Rs. 6.25 and its market value is Rs. 290 Crores.
The company’s revenue from operations increased by 249 percent from Rs. 69 crore in FY22 to Rs. 241 crore in FY23, accompanied by incremental profits of Rs. 1 Crore to Rs. 7 Crore Rs.
It has recorded a return on equity (ROE) of 14 percent and a return on capital employed (ROCE) of 28.6 percent, and is also generating good returns on its equity and capital employed.
Swasti Vinayaka Arts and Heritage Company
Swasti Vinayaka Art & Heritage Corporation Limited is engaged in dealing in precious and semi-precious stones, paintings, sculptures, jewellery, stocks and taking compensation for the properties.
In today’s trading, on December 22, 2023, shares of Swasti Vinayaka Art & Heritage Corporation Limited closed at Rs. 3.88, 1.31 percent higher than the previous day’s closing price of Rs. 3.83 and its market value is Rs. 35 Crores.
The company’s revenue from operations grew by 26.32 percent from Rs. 10.03 lakh crore in FY22 to Rs. 12.67 lakh crore in FY23, accompanied by incremental profits of Rs. 1.53 crore to Rs. 2.93 Crores.
It has recorded a return on equity (ROE) of 15.92 percent and a return on capital employed (ROCE) of 18.39 percent, and is also generating good returns on its equity and capital employed.
Sea freight services
Seacoast Shipping Services Limited is one of the largest shipping companies in Gujarat, engaged in providing logistics services to exporters and importers.
In today’s trading, shares of Southeast Shipping Services Limited closed at Rs. 3.21, 2.23 percent higher than the previous day’s closing price of Rs. 3.14 and its market value is Rs. 173 Crores.
The company’s revenue from operations increased by 236.13 percent from Rs. 127.8 crore in FY22 to Rs. 429.58 crore in FY23, accompanied by incremental profits of Rs. 2.55 Crores to Rs. 14.28 Crores.
It has recorded a return on equity (ROE) of 26.04 percent and a return on capital employed (ROCE) of 28.4 percent, and is also generating good returns on its equity and capital employed.
Written by: Bharat KS
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