5 Best Penny Stocks under ₹ 5 in 2024

Published : 27 June 2024

Goldline International Finvest

The company was established in 1995 and is involved in investment advisory services business. It is currently trading at around 0.72 with an ROCE of 0.38% and ROE of 0.33%.  Its OPM is around 15.83%. 

Mangalam Industrial Finance

Based in Kolkata, India, the company is an NBFC. The Company has a strong presence in India and abroad and reduces its exposure to risky debt offerings. It is currently trading around ₹ 4.20 with an ROCE of 0.89% and an ROE of 0.65%. Its OPM is 7.23%.

Sundaram Multi Pap

The company was established in 1985 and makes and supplies paper stationery. Its share price is around ₹ 3. Its ROCE, ROE, and OPM are 0.20%, -5.48%, and 0.18%, respectively. 

ARC Finance

The company is a not-for-profit organization that works to enhance financial access to clean energy and water resources. Its share price is around 1.17. Its ROCE, ROE, and OPM are 0.89%, 0.53%, and 4.96%, respectively

Kanani Industries

The company makes and exports diamond-studded jewellery. It is trading at around 3.01 at present with ROCE and ROE of 2.06% and 0.97% while the OPM is noted at 0.64%.