Penny stocks are frequently discovered as hidden gems in this unpredictable world of the stock market, promising lucrative opportunities for investors seeking high-growth potential.
Here are five debt-free penny stocks under Rs. 10, with impressive Quarter-on-Quarter net profit growth.
Franklin Industries Ltd
With a market cap of Rs. 26.6 crores, the share price of Franklin Industries moved up by 5% on BSE to Rs. 7.35 on Friday, compared to its previous closing price of Rs. 7.0.
The company has given over 191.5 percent returns in the last six months, and nearly 574.31 percent in the last one year. So far in 2024, it delivered positive returns of around 67.05 percent.
Franklin Industries witnessed an increase in the net profit by 360 percent QoQ to Rs. 3.45 crore in Q3 FY23-24 from Rs. 0.75 crore in Q2 FY23-24, whereas, on a year-on-year basis, the net profit grew by 978.12 percent from Rs. 0.32 crore in Q3 FY22-23 to Rs. 3.45 crore in Q3 FY23-24.
The company’s revenue from operations grew by around 96.13 percent QoQ from Rs. 8.53 crore in Q2 FY23-24 to Rs. 16.73 crore in Q3 FY23-24.
On a year-on-year basis, the revenue from operations rose by 106.54 percent from Rs. 8.1 crore in Q3 FY22-23 to Rs. 16.73 crore in Q3 FY23-24.
Incorporated in 1983, Franklin Industries Limited, previously known as Murad Properties & Projects Limited, works in two segments, one in wholesale trading of agriculture commodities and the other in wholesale trading of jewellery.
Goenka Business & Finance Ltd
Goenka Business & Finance Ltd. was incorporated in 1987 and is presently registered with the Reserve Bank of India as a Non-Banking Financial Company.
With a market capitalisation of Rs. 9.33 crores, the company has given over 25.2 percent returns in the last six months. However, it has given negative returns of nearly 1.27 percent in the last one year, and so far in 2024, it delivered around 1.13 percent of negative returns.
The net profit of Goenka Business & Finance Ltd. increased by 444 percent QoQ to Rs. 1.36 crore in Q3 FY23-24 from Rs. 0.25 crore in Q2 FY23-24, whereas, the net profit grew by 1800 percent YoY to Rs. 1.36 crore in Q3 FY23-24 from a loss of Rs. 0.08 crore in Q3 FY22-23.
BAMPSL Securities Ltd.
The share price of BAMPSL Securities moved up by nearly 1.83 percent on BSE to Rs. 10.0 in the morning session on February 23rd, compared to its previous closing price of Rs. 9.82 and has a market cap of Rs. 32.7 crore.
The company witnessed an increase in the net profit by 177.77 percent QoQ to Rs. 0.14 crore in Q3 FY23-24 from a loss of Rs. 0.18 crore in Q2 FY23-24, whereas, on a year-on-year basis, the net profit grew by 366.6 percent from Rs. 0.03 crore in Q3 FY22-23 to Rs. 0.14 crore in Q3 FY23-24.
It has given nearly 22.73 percent of positive returns in the last one year. However, it delivered around 2.3 percent of negative returns in the last six months, and so far in 2024, it has given negative returns of more than 2.5 percent.
BAMPSL Securities is engaged in the business of dealing and investing in shares and other securities along with financial services like spot financing, short-term financial accommodation, long-term financial accommodation, and other similar financial sectors.
Mittal Life Style Ltd
With a market cap of Rs. 75.46 crore, Mittal Life Style has given around 62.5 percent returns in the last six months, and nearly 136.36 percent in the last one year. So far in 2024, it has given positive returns of more than 23.7 percent.
At 09:52 a.m. the company was trading at Rs. 2.60, up by 4% on NSE on Friday, whereas, its previous closing price was Rs. 2.50.
The company’s net profit grew by 277.7 percent QoQ to Rs. 0.34 crore in Q3 FY23-24 from Rs. 0.09 crore in Q2 FY23-24, whereas, on a year-on-year basis, the net profit grew by 54.5 percent from Rs. 0.22 crore in Q3 FY22-23 to Rs. 0.34 crore in Q3 FY23-24.
Incepted in the year 2005, Mittal Life Style deals in denim and bottom weight fabrics and is a prominent supplier of fashion fabrics, cotton canvas, knit fabrics, polyester fabrics, etc. The company have been catering to high-quality fabrics in the national market.
BITS Limited
With a market cap of Rs. 37.25 crores, BITS experienced an increase in the net profit by 150 percent QoQ to Rs. 0.05 crore in Q3 FY23-24 from Rs. 0.02 crore in Q2 FY23-24, whereas, the net profit grew by 141.66 percent YoY from a loss of Rs. 0.12 crore in Q3 FY22-23 to Rs. 0.05 crore in Q3 FY23-24.
The company’s revenue from operations grew by around 9.52 percent QoQ from Rs. 0.21 crore in Q2 FY23-24 to Rs. 0.23 crore in Q3 FY23-24. On a year-on-year basis, the revenue from operations rose by 15 percent from Rs. 0.20 crore in Q3 FY22-23 to Rs. 0.23 crore in Q3 FY23-24.
Incorporated in 1992, the primary business of BITS Limited is to provide education in all fields through institutions, colleges, and universities, as well as to engage in trading, exporting, and importing all sorts of software.
Written by Shivani Singh
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