Best Cheap Stocks List of India 2023-Top Cheap Stocks to Buy in India-Shares Under 5 Rupee-Shares Below Rs 5

Best Cheap Stocks List of India for 2024


Cheap stocks to buy in India for 2024 are very popular among investors and traders. In the case of Reliance Industries Limited, an investor may choose to buy several hundreds of shares in cheap shares businesses rather than a single share in the company. Let us view the best cheap stocks list of India for 2024 in this topic.

After all, low-priced stocks are appealing to a large number of investors, and it is thus important to highlight the best options available. Indeed, when assessing a potential purchase, investors should consider both the total market capitalization and the cheap stocks price, rather than just the low price share in India alone or rather than just the Indian penny stocks alone.

What are Cheap Stocks?

In the vast majority of cases, when trading stocks under 5 Rupees is called as cheap stocks. Indian stocks trading in cheap prices are mainly because the business has had financial problems. The potential for these companies to produce returns that are many times greater than their original investment exists if they can turn their fortunes around quickly and successfully.

The majority of people who trade in Indian cheap stocks are from the lower class of retail investors who do not follow a portfolio approach and instead invest in them based on news or a tip from a friend.

They believe that the price has already been beaten down too much and that they will not lose much money. However, if this turns out to be correct, they will have doubled or tripled their initial investment.

While investing in small amounts, investors should keep in mind that if their investment does not turn out as anticipated, they may lose all they have put into the investment.

Additionally, the degree of managerial quality is an important element that may have had a role in the reduced price. Dishonesty and honesty are two distinct kinds of management approaches, and both may be devoid of vision and a drive to achieve.

In fast-growing industries, it is typical for cheap stock prices than those of their competitors if the management team is of poor quality.

Top 10 – Best Cheap Shares in India for 2024

You can gain more knowledge on best small cap stocks, best large cap stocks and best mid cap stocks for in-depth research. You can click on the stock name to view the detail analysis of best cheap shares list of India for 2024.

Sr.Name Of CompanyIntrinsic Value (IV)Price to Earning (P/E) Earning Per Share (EPS) Book Value (BV)1-Year Return (%) 
1Skil Infrastructure Ltd62.8539.3154.049.1449.3
2Diligent Media Corporation Ltd8.554.118.02-33.018.33
3Nel Holdings South Ltd7.390.526.57-73.4229.39
4Prakash Steelage Ltd.
5Swasti Vinayaka Art And Heritage Corporation Ltd3.1413.50.292.3542.34
6Country Condo’s Ltd.2.3219.980.223.128.86
7Pmc Fincorp Limited2.9523.
8Tatia Global Vennture Ltd.1.1529.70.11.73125.4
9Luharuka Media & Infra Ltd1.6377.550.071.62123.05
10Generic Pharmasec Ltd1.11103.870.050.584.18

List of Cheap Stocks in India for 2024

It is possible that the list of cheap stocks in India for 2024 listed below, which may be purchased for less than 5 Rupees, will be able to produce substantial shareholder returns in the future.

Sr.Name Of CompanyIntrinsic Value (IV)Price to Earning (P/E) Earning Per Share (EPS) Book Value (BV)1-Year Return (%) 
1Reliance Home Finance LtdNA0.02118.11-1.4-48.68
2Galactico Corporate Services Ltd7.646.930.582.06-74.5
3Lesha Industries Ltd.8.87NA0.552.23-42.75
4Seacoast Shipping Services Ltd14.289.040.372.29-52.59
5Advik Capital Ltd5.6113.490.221.5-15.59
6Tilak Ventures Ltd2.321.820.193.4-1.85
7Alstone Textiles (India) Ltd1.144.450.141.18-78.67
8Sadhna Broadcast Ltd1.2335.370.121.52-70.68
9Garment Mantra Lifestyle Ltd3.3646.180.13.51-3.36
10Navkar Builders Ltd.2.3345.990.17.04-46.5
11G G Engineering Ltd0.812.430.10.84-86.39
12Kcl Infra Projects Ltd3.2630.330.093.24-5.75
13Inventure Growth & Securities Ltd.1.7323.220.092.52-21.43
14Chartered Logistics Ltd.1.4288.70.064.46-14.53
15Indian Infotech & Software Ltd.1.4851.710.042.36-16.03
16Smiths & Founders (India) Limited0.9132.910.031.83-13.65
17Sylph Technologies Ltd.0.77107.860.030.9555.1
18Shree Ganesh Biotech (India) Ltd0.4355.80.021.57-55.32
19Sun Techno Overseas Ltd.0.3642.980.020.85-4.71
20Ncl Research & Financial Services Ltd.0.3638.390.011.04-3.7
21Excel Realty N Infra Ltd0.250.011.220
22Gold Line International Finvest Ltd0.25535.8601.03-19.1
23Adcon Capital Services Ltd0.15488.5700.96-73.14
24Arc Finance Ltd0.15256.0701.03-6.58
25Yamini Investments Company Ltd.0.04166.500.13-9.52
26Global Capital Markets Ltd.NANA01.1933.78
27Shalimar Productions Ltd.NANA01.03-3.92
28Shree Securities LtdNANA00.33-78.57
29Gv Films Ltd.NANA-0.010.23-29.41
30Cybermate Infotek Ltd.NANA-0.017.84-48
31Fcs Software Solutions Ltd.NA273.91-0.022.09-1.69
32Kavit Industries LimitedNANA-0.021.631.21
33Sri Havisha Hospitality And Infrastructure LtdNANA-0.031.08-18.18
34Sun And Shine Worldwide Ltd.NANA-0.031.03-23.61
35Mangalam Industrial Finance LtdNANA-0.050.3-33.68
36Supremex Shine Steels LtdNANA-0.060.21247.06
37Pan India Corporation Ltd.NANA-0.060.6-21.92
38Radhe Developers (India) Ltd.NANA-0.081.1-64.74
39East West Holdings LtdNANA-0.15.7718.13
40Restile Ceramics Ltd.NANA-0.12-3.0816.31
41Baroda Extrusion Ltd.NANA-0.12-2.551.42
42Sundaram Multi Pap Ltd.NANA-0.121.99-3.45
43Nila Spaces LtdNANA-0.122.89-8.22
44Svc Industries LtdNANA-0.1516.5926.23
45Colorchips New Media LtdNANA-0.191.68-70.08
46Sambhaav Media Ltd.NANA-0.234.22-15.66
47Srestha Finvest LtdNANA-0.273.39-7.69
48Toyam Industries LtdNANA-0.311.43-50.65
49Housing Development & Infrastructure Ltd.NANA-0.42-48.2-42.48
50Prismx Global Ventures LtdNANA-0.462.23-40.58


The stock market is characterized by high levels of volatility. The stock market requires investors to be well prepared and cautious when it comes to putting their hard-earned money into the Indian cheap shares. If you are considering making any kind of investment by list of cheap stocks in India 2024, it is highly advised that you do through research and consult with a financial advisor. Alternatively, you may do further research to get additional knowledge, information, and investment suggestions regarding the stock market or other investment opportunities.

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