Best Low Price Shares To Buy In 2023, Which Will Grow Well In Future

By Yuva Patrakar Jul 20, 2023, 22:20 IST

Yuva Patrkaar, New Delhi : Welcome to yuvapatrkaar Article we hope you are absolutely fine Today I am going to tell you about the best cheap shares to buy in 2023. Friends, today everyone wants to earn money from the stock market. But this is not possible for everyone. Because there is a lot of risk in the stock market. In such a situation, we have to invest in it thoughtfully. Otherwise we will lose all the money invested.

There are two types of shares in the stock market. One low priced shares and one high priced shares. Both are good. But when low priced stocks grow fast, investors get more profit. That's why investors prefer to buy low priced shares.

They are also known as Penny Stocks or Penny Shares. And today I will tell you about some such cheaply priced Penny Stocks, which can give you strong returns in future. Also, before buying these shares, it is important to take care of some things. I will tell you about this also.

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Best Low Price Shares To Buy In 2023

Currently 2023 is going on. And this year a lot of new people are going to step into the stock market and many have kept it. If you are also one of them, then you must also want to know about Best Low Price Shares To Buy In 2023.

That's why you are reading this post of ours now. Best Low Price Shares To Buy In 2023 are as follows-

1. Suzlon Energy Ltd.

Suzlon Energy Ltd. comes first in the list of Best Low Price Shares To Buy In 2023. This is a very strong stock. Whose future is looking very good. At present its price is running only Rs.17.50.

This company is a company of Renewable Energy Sector. Which produces green energy with the help of Wing Turbine. Due to Wing Turbine, the name of this company is popular not only in India but all over the world. Because apart from India, it does business in 17 different countries.

There was a time when Suzlon Energy Ltd. It had become India's largest company producing renewable energy, but at the same time the Government of India made changes in some policies related to the Power Sector, due to which the business of the company went down.

And the debt increased. But now it has been many years and the company is again expanding its business. Looking at which it seems that it will give Multibagger Return in future. The company is constantly trying to reduce its debt.

2. Jaiprakash Power Ventures Ltd.

Jaiprakash Power Ventures, which we know as JP Power, comes second in our list of Cheap Stocks To Buy Today India 2023. If we talk about the business of JP Power, then this company is mainly involved in power generation from hydro and thermal and its transmission business.

The way the demand for power is seen increasing continuously in the market in the last few years, it seems that in the business of JP Power too, according to the same very good growth can be seen in the future. The matter of future is different, at present the company is growing rapidly.

If we look at the results of the last few quarters of the company, then there is a continuous growth in its sales. And gradually, accordingly, there is a significant increase in the profit of the company, which is a very good thing.

Analysts believe that the demand for power in the market is going to increase even faster in the coming times. Due to which the financial performance of JP Power Company is expected to improve even more in the coming times. At present its price is running around Rs.6

3. MSP Steel and Power Limited

MSP Steel and Power Limited, also known as MSP or MSPL, comes at number three in the list of Best Low Price Shares To Buy In 2023. At present its market cap is around Rs 400 crore only.

Means it is also a small cap company. Which augurs well for the future. Such companies often do not pay dividends because they do not have the funds to pay dividends. They have to invest all the money in their business. The possibilities of both risk and return are very high in Penny Stocks.

And the same is visible in MSP Steel and Power Limited. Right now its business is not very big. But as the company continues to expand its business, its share price will also start increasing in the same way. Friends, this company along with Steel

It also produces power generation with a lot of noise. The company is very good in terms of future. It has also shared its quarterly results, in which it can be clearly seen how it has shown good performance. That's why you can also add this company to your watchlist.

4. Acewin Agritec Ltd.

Our next stock trades a little differently. Friends, if you are interested in farming or agriculture. So Acewin Agritec Ltd. Could prove to be great for you. This company is also a very small company at present and its share price is running around Rs.3.

This company uses scientific methods in farming and makes farming easier with the help of new technologies. Apart from this, this company also does the business of fish farming, goat farming, dairy farming and Chechen.

India is one such country. Whose large economy depends on agriculture only. Therefore, by using new tools in farming, farming can be made even more accessible and simple. In the future, this company can make a lot of profit due to the improvement of the agricultural economy of the country.

5. BSEL Infrastructure Realty Limited

The name of the company which comes at number 5 is BSEL Infrastructure Realty Limited. It is also a very small company. Its share price is currently less than Rs.11. You will see it listed in both BSE and NSE markets.

Along with this, this company is also a very old company. It was established in the year 1995. At the same time, its total market cap is less than Rs 100 crore. But its future looks very bright. It can give tremendous returns in future.

The company is seen growing slowly. If we talk about its Pramotor Holdings, the public holds a total of 83.52% holdings and the rest is with the promoters. However, despite this, the company remains stable in the market.

And earning profit. It has done very well in the last few years. The most important thing about BSEL Infrastructure Realty Limited is that it is a Debt Free company.

6. Facor Alloys Limited

The company that comes next in the list of Best Low Price Shares To Buy In 2023 is Facor Alloys Limited. It is a mining sector company which is one of the Multibagger Penny Stocks.

Let us tell you that Facor Alloys is a great company in our cheap stocks list. Which appears as a good growth company. Facor Alloys Ltd. Mainly dealing in ferro alloys. Friends, if you do not know what is ferro oil and where is it used,

So let me tell you that it is mostly used for manufacturing steel and stainless steel. The company earns heavily by exporting its products to India as well as to other countries like Korea, Italy, Usa, Japan, Turkey, China.

Every year, along with the rapid increase in infrastructure-related work, the demand for steel is also increasing rapidly, due to which the demand for the company's products is also seen to be increasing rapidly. People have high expectations from the company.

7. South Indian Bank Limited

Friends, now it is the turn of stock number 7, whose name is South Indian Bank Limited. Friends, as the name itself suggests. That it is a banking sector company. Which is always in discussion.

One gets to hear some news about it every day. This bank also deals with treasury and foreign exchange business, providing debit cards, credit cards and loans in para banking, cooperative banking and retail activities.

It provides personal loans, business loans and agriculture loans. Most of its business is spread in 55% South India only. Which is known by its name itself. Most of the branches of South Indian Bank are spread across areas which are semi urban.

At present the bank has more than 67 lakh customers. If we look at the financial condition of this company, then there is no promoter holding in the company, that means it is absolutely zero. Also, there has not been any significant growth in its sales in the last few years.

But due to the Band Bank created by the Government of India, there is a lot of improvement in the NPA of South Indian Bank. And it has many other income sources as well, from where it has earned a net profit of 500 crores.

8. Orient Green Power Company Limited

The next name in the list of Best Low Price Shares To Buy In 2023 is Orient Green Power Company Limited. From the name of the company itself, we can guess in which field its business can be done.

Yes friends! You are thinking absolutely right, Orient Green Power Company Limited also produces green energy products. Due to the ever-increasing demand of the power sector, the business of almost all the companies associated with this sector is doing well.

Especially the business of Orient Green Power Company Limited. This company is seen taking great advantage of the growing demand of the power sector. As the demand for Renewable Energy increases, so will the share price of this company.

Currently its price is less than Rs 15 and it is a mid cap company. Very good opportunities are also being seen in the company's business. Experts also keep giving good signals about this company. But ups and downs are the rule of the stock market, so there are ups and downs in this company as well.

9. Mishtanna Foods Limited

Friends, food is most important for life, although air, water is also there, but at the moment we are going to talk about food. Because our next stock which trades in this sector. The name of the stock we are talking about is Mishtann Foods Limited.

We have already written a good article about it. Whose link you will find below. Mishtann Foods Company was established in 1981 in India. The CFO / Chairman / MD of this company is Mr. Hitesh Kumar Patel.

The headquarter of the company is present in India. Currently there are a lot of Workers in this company. Mishtann Foods mainly manufactures fast moving consumer products like Wheat, Tur-Dal, Rice. Looking at the trend of the company, we can say. That this company can do very well in the future.

Filhal the share price of this company is trading around Rs.13.85. In addition, the company also sells Signature, Button, White Sela, Golden Sela, Pristino Basmati Rice, Snowflake Basmati Rice, Emerald Basmati Rice, Jasper, Crystal Basmati Rice and Swarnaparivar Basmati Rice etc.

10. Rattan India Power Limited

The share which comes at the 10th position in Best Low Price Shares To Buy In 2023. Its name is Rattan India Power. Whether the work is small or big, nowadays the demand for power is increasing very fast to do these works. Due to the increasing demand, almost all the companies in the power sector have seen a significant rally for the last few months.

Rattan India Power is also a company of this sector. Which is one of the private companies of India. And the company plays a very important role in meeting the demand for power from Thermal Power. However, nothing special can be seen in the results of the company.

At present its share price is seen around 4 to 5 rupees only. The way the increasing demand of power is increasing gradually. Due to this, the chances of the company to show good performance in the coming years also increase to a great extent. The company seems to be trying very well to meet the growing demand.

For this, the management is completing the work of two thermal power plants in both Amravati and Nashik to increase its power production capacity. With this, you are going to see a good growth in the business growth of the company in the coming years.

Best Low Price Shares To Buy In 2023 List In Table

Suzlon Energy Ltd.
Jaiprakash Power Ventures Ltd.
MSP Steel and Power Limited
Acewin Agritec Ltd.
BSEL Infrastructure Realty Limited
Facor Alloys Limited
South Indian Bank Limited
Orient Green Power Company Limited
Mishtann Foods Limited
Rattan India Power Limited

Keep these things in mind before investing in Best Penny Shares To Buy In 2023

Friends, I told you about Top 10 Shares To Buy In 2023. Now you must be thinking of investing in any of these stocks. But before that I want to tell you something, you have to invest keeping these things in mind.

The debt on the company should not be high.
Debt to Equity Ratio should be less than '1' (But if it is a large cap company then we can also take Ratio 2)
Also check the 1 and 5 year returns of the company.
The NPA of the company should also improve.
ROE (Return On Equity) should be more than 15%.
ROCE (Return On Capital Employed) should also be more than 15%.
Earning Per Share should never be in negative.
Also check the net profit or profit growth of the company for the last 5 years.
Along with the Quarterly Sales Growth of the company, the Quarterly Profit Growth should also increase continuously.
The share holdings of the company should be exactly half.
In whatever sector the company works, its demand should be stable in future, demand should not decrease in future.

DISCLAIMER : Friends note that we are not a financial advisor registered by SEBI. Therefore, before investing in these stocks, think once and invest according to your own risk.

FAQs:

1. Should we invest in Best Penny Shares To Buy In 2023?

Yes ofcourse! You must invest in Best Penny Shares To Buy In 2023.

2. Can we get good returns by the end of 2023 by investing in these stocks?

Yes ofcourse.

Best Low Price Shares To Buy In 2023, Which Will Grow Well In Future

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