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Best Stocks To Buy Under Rs 100 in India

07 February 20246 mins read by Angel One
Learn about key metrics and strategies for wise investing in 2024 in the article below. Discover growth potential with the best stocks under ₹100!
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Embarking on the journey of stock investing doesn’t always require deep pockets. Even with a budget-friendly approach, there are several opportunities. One of those are the best stocks under ₹100. These stocks may showcase growth potential, making them appealing choices. In this article, learn about the best stocks under ₹100 in 2024, along with the points to note while investing in them.

Best Stocks To Buy Under ₹100 

S.No Company Name Market Cap (In ₹ crore) Close Price (₹) 5Y CAGR (%)
1 Tata Teleservices (Maharashtra) Ltd 17,574.80 89.90 87.30
2 RattanIndia Enterprises Ltd 11,343.99 82.15 86.92
3 Brightcom Group Ltd 3,744.36 18.55 67.67
4 Suzlon Energy Ltd 56,025.19 41.20 54.04
5 Trident Ltd 23,071.85 45.85 47.13

Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on 5Y CAGR from Nifty 500 Universe.

1. Tata Teleservices (Maharashtra) Limited

Tata Teleservices (Maharashtra) Limited provides basic and cellular telecommunication services. It is engaged in wired and wireless telecommunications activities. The company’s portfolio of enterprise-grade solutions mainly includes Cloud-based solutions, Collaboration solutions, IoT, Data Management, and Cybersecurity solutions.

Key Metrics:

  • ROE: –
  • ROCE: 39.8%
  • Profit Growth CAGR (5Y): 7%

2. RattanIndia Enterprises Ltd

RattanIndia Infrastructure Ltd is involved in providing consultancy to companies planning to venture into the business of generation, transmission and distribution of power or are in the process of setting up power generation plants. The company’s business segments include E-commerce, electric vehicles, fintech, and neosky drones.

Key Metrics:

  • ROE: -7.39%
  • ROCE: 3.12%
  • Profit Growth CAGR (5Y): 14%

3. Brightcom Group Ltd

Brightcom Group is a service company which provides digital marketing services and the development of computer software and services. The company’s clients mainly include leading blue-chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, 

Key Metrics:

  • ROE: 22.3%
  • ROCE: 30.9%
  • Profit Growth CAGR (5Y): 27%

4. Suzlon Energy Limited

Suzlon Energy Limited provides renewable energy solutions such as solar irradiance assessment, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission, etc. It also produces wind turbines.

Key Metrics:

  • ROE: –
  • ROCE: 20.8%
  • Profit Growth CAGR (5Y): 17%

5. Trident Ltd

Trident Ltd is engaged in the manufacturing, trading, and sale of Yarn, Terry Towels & Bed sheets, and Paper & Chemicals. During Q2 FY 2024, the company generated a total income of ₹ 17,755 million and a free cash flow of ₹ 403 million. During the same period, it reported EBITDA and PBT margins of 14.30% and 7.41%, respectively.
Key Metrics:

  • ROE: 11%
  • ROCE: 11.9%
  • Profit Growth CAGR (5Y): 11%

Best Stocks To Buy Under ₹100 On Net Profit Margin Basis

S.No Company Name Market Cap (In ₹ crore) Close Price (₹) 5Y CAGR (%) Net Profit Margin (%)
1 NHPC Ltd 80,762.08 80.40 26.02 34.16
2 Suzlon Energy Ltd 56,025.19 41.20 54.04 32.71
3 Easy Trip Planners Ltd 8,275.43 46.70 28.91
4 MMTC Ltd 11,347.50 75.65 22.08 28.25
5 Ujjivan Small Finance Bank Ltd 10,831.49 55.35 23.14

Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on net profit margin from Nifty 500 Universe.

Best Stocks To Buy Under ₹100 On Debt-To-Equity Basis

S.No Company Name Market Cap (In ₹ crore) Close Price (₹) 5Y CAGR (%) Debt-to-Equity (x)
1 Brightcom Group Ltd 3,744.36 18.55 67.67 0.00
2 Infibeam Avenues Ltd 7,523.69 27.20 19.21 0.25
3 MMTC Ltd 11,347.50 75.65 22.08 14.35
4 NMDC Steel Ltd 16,001.11 54.60 22.53
5 Easy Trip Planners Ltd 8,275.43 46.70 23.44

Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on debt to equity from Nifty 500 Universe.

Best Stocks To Buy Under ₹100 On ROCE Basis

S.No Company Name Market Cap (In ₹ crore) Close Price (₹) 5Y CAGR (%) ROCE (%)
1 MMTC Ltd 11,347.50 75.65 22.08 129.26
2 Suzlon Energy Ltd 56,025.19 41.20 54.04 117.36
3 Easy Trip Planners Ltd 8,275.43 46.70 50.49
4 Motherson Sumi Wiring India Ltd 27,278.24 61.70 42.24
5 Brightcom Group Ltd 3,744.36 18.55 67.67 35.81

Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on ROCE from Nifty 500 Universe.

Best Stocks To Buy Under ₹100 On Free Cash Flow (FCF) Basis

S.No Company Name Market Cap (In ₹ crore) Close Price (₹) 5Y CAGR (%) FCF (In ₹ crore)
1 Vodafone Idea Ltd 72,532.74 14.90 -6.23 13,246.50
2 UCO Bank 51,051.94 42.70 16.73 2,694.57
3 IDFC First Bank Ltd 56,261.99 79.60 11.07 2,374.90
4 Allcargo Logistics Ltd 7,818.03 79.55 31.53 1,481.28
5 IRB Infrastructure Developers Ltd 29,681.69 49.15 27.95 1,333.23

Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on FCF from the Nifty 500 Universe.

Conclusion

Investing in stocks under ₹100 can be a strategic move if done wisely. With thorough research, risk awareness, diversification, and a long-term perspective, these stocks can offer opportunities for growth. Always stay informed and adapt your strategy as needed in the dynamic stock market. To explore more investment opportunities, open a Demat account with Angel One, one of the leading stockbrokers in the country.  

Disclaimer: This article is written for educational purposes only. The securities quoted are only examples and not recommendations.

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