The Tata Group is a conglomerate of companies in India, with its headquarters in Mumbai. Established in 1868, it’s one of India’s largest companies, with operations spanning across 160 countries. Jamshedji Nusserwanji Tata is the founder of this corporate giant.
Discover the top Tata penny stocks under ₹10 in 2024 with detailed insights on Sundaram Multi Pap, Bhandari Hosiery Exports, Suzlon Energy, and more.
Learn about their sectors, growth potential, and market performance to make informed investment decisions in the share market.
Introduction
The Tata Group has been a cornerstone of India’s growth, with its companies performing exceptionally well across various sectors.
This reputation has drawn investors eager to invest in Tata stocks, often searching for “Tata Penny Stocks Under ₹10”.
While most Tata shares trade above ₹10, this article provides a detailed list of Tata stocks with the lowest prices and insights into their potential.
What Are Tata Penny Stocks?
Penny stocks refer to shares trading at very low prices, often under ₹10. While Tata Group has over 20 companies listed on the stock market, most trade above ₹10. The few that trade at lower prices are considered Tata penny stocks.
List of Tata Penny Stocks Under ₹10 (2024)
Here is a list of Tata stocks with relatively low trading prices. Although some exceed ₹10, their prices are still affordable compared to most Tata stocks.
1. Tata Teleservices Limited
- Founded: 1996
- Headquarters: Mumbai, Maharashtra
- Current Share Price: ₹92.10
- Market Cap: ₹18,160 Cr
About the Company:
Tata Teleservices provides telecom services across more than 60 cities in India. Its business portfolio includes cloud, SaaS, voice and data services, and collaboration tools.
Key Highlights:
- Revenue: ₹280 Cr
- Workforce: ~1650 employees (2023)
- Historical Price: Peaked at ₹263 in the past two years
- Growth: Consistent returns over the past two years
Investment Outlook:
The company has shown steady growth, making it a promising investment. However, thorough analysis is crucial.
2. Toyo Rolls Limited
- Founded: 1968
- Headquarters: Jamshedpur, Jharkhand
- Current Share Price: ₹97.70
- Market Cap: ₹99.54 Cr
About the Company:
Initially a subsidiary of Tata Steel, Toyo Rolls produces forged and cast rolls and pig iron, exporting its products globally.
Key Highlights:
- Parent Company: Tata Steel
- Peak Price: ₹195 (December 2022)
- Workforce: ~251 employees (2018 data)
Investment Outlook:
Despite past growth, the company’s recent performance needs further review before investing.
3. Sundaram Multi Pap Limited
- Founded: 1985
- Headquarters: Gujarat and Maharashtra
- Current Share Price: ₹3
- Market Cap: ₹142.6 Cr
About the Company:
This company specializes in paper stationery manufacturing and exports its products globally.
Key Highlights:
- Revenue: ₹22.3 Cr (2023)
- Net Income: Declined by 217.59% in 2023
Investment Outlook:
While the company shows potential, declining revenues and profits necessitate cautious analysis.
4. Bhandari Hosiery Exports Limited
- Founded: 1993
- Headquarters: Ludhiana, Punjab
- Current Share Price: ₹10.35
- Market Cap: ₹166.71 Cr
About the Company:
The company focuses on textiles, including fabric development, dyeing, and garment manufacturing.
Key Highlights:
- Revenue: ₹63.52 Cr (2023)
- Workforce: 422 employees
Investment Outlook:
Although growth has been steady, fundamental analysis is essential.
5. Prakash Steelage Limited
- Founded: 1991
- Current Share Price: ₹11.20
- Market Cap: ₹198.41 Cr
About the Company:
Prakash Steelage manufactures stainless steel pipes and tubes, catering to the domestic market.
Key Highlights:
- Revenue: ₹25.14 Cr
- Workforce: 75 employees
Investment Outlook:
A decent option for long-term investment, subject to market conditions.
6. IL&FS Investment Managers Limited
- Founded: 1986
- Current Share Price: ₹12.80
- Market Cap: ₹–
About the Company:
IL&FS focuses on financial services, including investment and management.
Key Highlights:
- Revenue: ₹14.84 Cr (2023)
- Net Income: ₹2.23 Cr (2023)
Investment Outlook:
Recent declines in revenue and income warrant a careful review of the company’s fundamentals.
7. Suzlon Energy Limited
- Founded: 1995
- Headquarters: Pune, Maharashtra
- Current Share Price: ₹48.90
- Market Cap: ₹66,630 Cr
About the Company:
Suzlon is a leader in renewable energy, specializing in wind power generation.
Key Highlights:
- Revenue: ₹4187.33 Cr (2023)
- Net Income: ₹102 Cr, a 78% YoY increase
Investment Outlook:
Suzlon’s impressive growth makes it a top choice for investors seeking sustainable energy opportunities.
Tata Penny Stocks Under ₹10 (Summary Table)
| Stock Name | Current Price (₹) | Market Cap |
|---|---|---|
| Tata Teleservices Limited | ₹92.10 | ₹18,160 Cr |
| Toyo Rolls Limited | ₹97.70 | ₹99.54 Cr |
| Sundaram Multi Pap Limited | ₹3 | ₹142.6 Cr |
| Bhandari Hosiery Exports | ₹10.35 | ₹166.71 Cr |
| Prakash Steelage Limited | ₹11.20 | ₹198.41 Cr |
| IL&FS Investment Managers | ₹12.80 | — |
| Suzlon Energy Limited | ₹48.90 | ₹66,630 Cr |
FAQs
- Are there any Tata penny stocks under ₹10?
No, Tata Industries currently doesn’t have any shares priced below ₹10. - Which Tata stocks are best for dividends?
Tata Consultancy Services (TCS) is among the top dividend-paying Tata stocks. - What is the cheapest Tata stock?
Tata Teleservices currently has the lowest price among Tata stocks.
Conclusion
Investing in Tata penny stocks can be lucrative, but it requires thorough research. While this article lists stocks priced under ₹10, always analyze their current performance and consult financial advisors before making investment decisions.
Happy investing!
Disclaimer:
Investing in penny stocks is inherently risky. These stocks can offer high returns or lead to significant losses. Always conduct thorough research and consult a financial advisor before investing.
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