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Best Stocks to Buy Under 200 in India

06 June 20246 mins read by Angel One
Not everyone has thousands and lakhs of rupees to invest in the stock market. But this shouldn’t be an excuse to not build your wealth. Look at 5 stocks under ₹200, which have huge upside potential.
Best Stocks to Buy Under 200 in India
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Investing can be a hard task for a person who has recently entered the stock market. They might not be able to figure out the correct stocks to pick. When new investors enter the market, they don’t want to take high risks and lose their money, and ideally, they should not. 

Fundamentally strong stocks under ₹200 solve the problem of low capital as well as high risk. But the real problem is, when an investor uses any screener and tries to find stocks under ₹200, they get a list of thousands of companies. Picking up the strongest stock out of these companies on the basis of various metrics can be a complicated task.  This article tells you about the 5 strong stocks under ₹200 in India. 

Best Stocks Under ₹200 in India

S.No Company Name Market Cap (In ₹ Cr) Close Price (₹) 5Y CAGR (%)
1 Oil and Natural Gas Corporation Ltd 2,45,252.54 194.95 6.80
2 Indian Oil Corporation Ltd 1,57,804.84 111.75 4.48
3 Tata Steel Ltd 1,56,313.46 127.90 19.29
4 Bharat Electronics Ltd 1,06,649.67 145.90 39.37
5 Bank of Baroda Ltd 1,01,927.55 197.10 13.41

Note: The list of the best stocks under ₹200 is as of December 01, 2023. The stocks are selected and sorted based on market capitalisation.

Let us look at the 5 companies under ₹200 in brief:

Oil and Natural Gas Corporation Limited

Oil and Natural Gas Corporation Limited is a global energy holding company. The Company is engaged in the development, exploration, and production of crude oil and natural gas.  The company believes that the demand for petrochemicals is expected to remain strong and will continue to be a key driver of oil and gas demand in the future. Considering this, ONGC is collaborating with other entities to explore opportunities in the Oil to Chemical (O2C), refining, and petrochemicals.
Key Metrics:

  • ROE: 14.1%
  • ROCE: 13.9%
  • Profit Growth CAGR (5Y): 12%

Indian Oil Corporation Ltd

Indian Oil Corporation Limited is engaged in the refining business. The company’s segments include the Sale of petroleum products, petrochemicals and other businesses.

Key Metrics:

  • ROE: 7.17%
  • ROCE: 8.09%
  • Profit Growth CAGR (5Y): -15%

Tata Steel Limited

Tata Steel Ltd is Asia’s first integrated private steel company, which was set up in 1907. It has a presence across the entire value chain of steel manufacturing, from mining and processing iron ore and coal to producing and distributing finished products. Looking forward, the company is focused on a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.
Key Metrics:

  • ROE: 7.28%
  • ROCE: 12.6%
  • Profit Growth CAGR (5Y): 3%

Bharat Electronics Ltd

Bharat Electronics Ltd is engaged in the manufacturing and supply of electronic equipment and systems to the defence sector. The company also has a limited presence in the civilian market. The company is planning to spend 700-800 crores on capex for FY24. Additionally, R&D spending will remain at 6-7% of revenues.
Key Metrics:

  • ROE: 22.8%
  • ROCE: 29.9%
  • Profit Growth CAGR (5Y): 16%

Bank of Baroda Ltd

Bank of Baroda is involved in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
Key Metrics:

  • ROE: 15.1%
  • ROCE: 5.17%
  • Profit Growth CAGR (5Y): 58%

Conclusion

Investing in the stock market can be a great way to grow your wealth over time. However, it is important to do your research and invest in companies that have strong growth prospects and are well-positioned to benefit from industry trends. The stocks listed above are some of the best options for investors who are looking for exposure to the Indian market and are willing to take on a moderate level of risk. Now that you know about a few stocks under ₹200, open a Demat account with Angel One and start building your wealth.

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

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