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Top 10 mid-cap and small-cap stocks under Rs 100 on BSE

20 September 20234 mins read by Angel One
Medium-sized and smaller companies usually aren't as famous as the big ones you hear about all the time.
Top 10 mid-cap and small-cap stocks under Rs 100 on BSE
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The BSE Midcap and Smallcap indices in India are like scorecards for measuring the performance of medium-sized and smaller companies in the stock market.

The BSE Midcap Index follows 150 of the most significant medium-sized companies listed on the BSE, while the BSE Smallcap Index watches over 250 leading small-sized companies also listed on the BSE. They use a method called “market capitalization” to measure each company’s importance in the index.

So, if a company is bigger (in terms of market value), it has a more significant impact on how the index behaves.

Medium-sized and smaller companies usually aren’t as famous as the big ones you hear about all the time. Still, they have a lot of potential to grow because they’re agile and can quickly adapt to changes. However, these companies can be a bit unpredictable, which means their stock prices can go up and down quite a bit.

Now, why are people interested in stocks priced below Rs 100?

  • Affordability: Lower-priced stocks are accessible to a broader range of investors. A limited budget can buy more shares of a lower-priced stock, potentially leading to higher profits if the stock’s value rises.
  • Perceived Value: Investors often view lower-priced stocks as bargains, believing they are getting a good deal, particularly if the company’s fundamentals and growth prospects are robust.
  • Psychological Comfort: Stocks priced below Rs 100 can feel more manageable and less intimidating. This psychological comfort appeals to novice investors or those just entering the stock market.
  • Diversification: Many investors use lower-priced stocks to diversify their portfolios, spreading risk and potentially improving overall performance.
  • Trading Opportunities: Traders and speculators find lower-priced stocks appealing because they offer more trading opportunities. These stocks can move quickly, enabling short-term trading strategies.

However, it’s essential to remember that stock price alone doesn’t determine a company’s quality or growth potential. Thorough research into factors like financial health, management, industry trends, and growth prospects is crucial. Lower-priced stocks can be riskier, so diligence remains key here.

Here are the top 10 stocks based on their 1-month return:

S.NO. Company Name 1 month return (%) 30 days avg. trading volume P/E
1 Tine Agro Ltd 183.95 315 2.87
2 NMS Resources Global
151.64 5.90K 51.58
3 Gujarat Petrosynthese Ltd 147.91 5.503K 39.54
4 Fundviser Capital (India) Ltd 139.62 1.923K -442.18
5 Ceenik Exports Ltd 137.2 1.62K -20.06
6 Ashiana Agro Industries Ltd 127.67 1.197K -192
7 Sudal Industries Ltd  118.41 4.967K -0.31
8 Justride Enterprises Ltd 117.57 86 26.7
9 Siel Financial Services Ltd 116.1 25.634K -735.68
10 Monotype India Ltd 109.52 166.70K 5.35

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.

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