Best Stocks Under ₹50 in September 2024 Based on 5Y CAGR

In the Indian stock market, stocks priced under ₹50 are often seen as speculative plays with the potential for high returns. These stocks are typically from smaller companies or those going through a period of volatility, and they can be an attractive option for investors with a higher risk tolerance. While the low price point can be appealing, it’s essential to understand that these stocks come with their own set of risks and challenges. In this blog, we will look at the best stocks under ₹50 in September 2024.

Best Stocks Under ₹50 Based on 5Y CAGR

Note: The list of Stocks Under ₹50 has been sorted based on 5Y CAGR and as of September 17, 2024

Overview of Best Stocks Under ₹50

• Global Capital Markets Ltd: Global Capital Markets Ltd is a registered NBFC and is engaged in the business of finance and investments. Besides providing loans, the Co. also does Investing and Trading Activities in both the Equity and F&O segments in the Indian Capital Market. In FY24, total revenue was ₹ 119.94 lakh, compared to ₹ 1,948.51 lakh in FY23. Comparing this year’s profit of ₹ (9.74) lakh to last year’s profit, the company’s profit/loss before taxes is ₹ 0.14 lakh.

Key Metrics:

• Return on Equity (ROE): 0.02%
• Return on Capital Employed (ROCE): 0.02%

• Pulsar International Ltd: Incorporated in 1990, Pulsar International Ltd is in the business of finance and investments. It reported operating revenue of ₹1978.10 Lakhs in FY24 as opposed to ₹36.88 Lakhs in the previous fiscal year. In contrast to the previous financial year’s net profit of ₹13.19/-Lakhs, your company’s net profit this year is ₹179.98/-Lakhs.

Key Metrics:

• Return on Equity (ROE): 49.4%
• Return on Capital Employed (ROCE): 49.4%

• J. Taparia Projects Ltd: Incorporated in 1980, J. Taparia Projects Ltd provides various services for projects of all kinds. The company’s Board has approved a stock split (sub-division of equity shares) of 1 equity share with a face value of ₹ 10/—each into 10 equity shares with a face value of ₹ 1/—each.

Key Metrics:

• ROE: -31.9%
• ROCE: -31.7%

• Spright Agro Ltd: Incorporated in 1994, Spright Agro Ltd is in the business of Trading of Agriculture products and related activities.  For FY24, the company has reported total revenue and net profit after taxation of ₹72.47 crore and ₹11.62 crore, respectively.

Key Metrics:

• ROE: 35.7%
• ROCE: 38.6%

• Cressanda Railway Solutions Ltd: Incorporated in 1985, Cressanda Railway Solutions Ltd is in the business of Trading and Services.  During FY24, the company acquired a majority stake in Mastermind Advertising Private Limited, marking a significant step toward entering the rapidly growing OTT segment within the digital media space.

Key Metrics:

• ROE: 8.64%
• ROCE: 9.33%

Conclusion

Investing in stocks priced under ₹50 in India can be an exciting opportunity for those willing to embrace higher risk for the chance of substantial returns. While these stocks offer affordability and potential growth, they also come with increased volatility and liquidity issues. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.