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Best Stocks Under ₹100 in December 2024 – 5Y CAGR Basis – Suzlon Energy, IFCI, Rattanindia Enterprises & More

Updated on: Dec 18, 2024, 1:03 PM IST
Explore best stocks under ₹100 for December 2024, based on 5Y CAGR, including Suzlon Energy, IFCI, Rattanindia Enterprises, etc. Learn about the benefits and risks of investing in stocks below ₹100.
Best Stocks Under ₹100 in December 2024 – 5Y CAGR Basis – Suzlon Energy, IFCI, Rattanindia Enterprises & More
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Investing in the stock market doesn’t always require a hefty budget. Many stocks, priced under ₹100, can be an entry point for investors looking to diversify their portfolios. These stocks span across various sectors, from emerging companies. However, it’s important to recognise that such stocks can carry risks. In this article, check the best stocks under ₹100 in December 2024, listed based on their 5Y CAGR and also understand the pros and risks of investing in stocks below ₹100.

Best Stocks Under ₹100 in December 2024 – 5Y CAGR Basis

Name Market Cap (₹ in crore) Close Price (₹) PE Ratio 1Y Return (%) 5Y CAGR (%)
Rattanindia Enterprises Ltd 9,971.69 71.49 23.40 -10.58 108.83
Suzlon Energy Ltd 92,419.74 67.39 139.96 73.02 102.07523482094953
Tata Teleservices (Maharashtra) Ltd 15,610.10 80.31 -12.71 -13.55 98.59
Jaiprakash Power Ventures Ltd 13,700.06 19.22 13.41 38.77 66.55
IFCI Ltd 17,226.18 67.14 166.20 138.64 58.32
IRB Infrastructure Developers Ltd 34,084.12 59 56.26 53.37 53.38
Indian Overseas Bank 1,11,467.53 57.86 41.82 35.66 41.64
Shree Renuka Sugars Ltd 9,133.35 42.76 -14.56 -13.27 40.00
Trident Ltd 17,466.66 34.46 49.97 -4.94 37.94
Bank of Maharashtra Ltd 45,318.64 57.84 11.13 27.36 37.19

Note: The best stocks under ₹100 list provided here is as of December 9, 2024. The stocks are selected from the Nifty 500 universe and sorted based on the 5-yr CAGR.

Overview of the Best Stocks Below ₹100

1. Rattanindia Enterprises Ltd

RattanIndia Enterprises Limited’s portfolio includes tech-focused ventures in e-commerce, electric vehicles, fintech, and drones. In FY 2024, the company’s total income rose to ₹61,916.94 million, up from ₹41,382.11 million in FY 2023. Net profit also saw a turnaround, reaching ₹4,244.54 million in FY 2024, compared to a loss of ₹2,861.43 million in FY 2023.

Key metrics:

  • Return on Equity (ROE): 67.54%
  • Return on capital employed (ROCE): 63.45%
  • Debt to Equity: 1.40%

2. Suzlon Energy Ltd

Suzlon Energy is amongst the leading global renewable energy providers and a vertically integrated wind turbine generator (WTG) manufacturer. The company handles the entire lifecycle of wind projects, from the design and component manufacturing to installation, operation, and maintenance. In FY 2024, Suzlon’s revenue increased to ₹6,497 crore, up from ₹5,947 crore in FY 2023. The net profit dropped, reaching ₹660.35 crore compared to ₹2,887.29 crore in FY 2023.

Key metrics:

  • ROE: 26.31%
  • ROCE: 19.75%
  • Debt to Equity: 0.04%

3. Tata Teleservices (Maharashtra) Ltd

Tata Teleservices (Maharashtra) Limited (TTML) is a well-known provider of connectivity and communication solutions for enterprises. The company provides a comprehensive range of information and communication technology (ICT) services, which includes connectivity, collaboration, cloud, security, IoT, and marketing solutions. In FY 2024, TTML’s total income increased to ₹1,200.23 crore, up from ₹1,113.34 crore in FY 2023. However, the company reported a net loss of ₹1,228.44 crore in FY 2024.

Key metrics:

  • ROCE: -6.31%

4. Jaiprakash Power Ventures Ltd

Jaiprakash Power Venture Limited is engaged in coal mining, cement grinding, sand mining, and the production of thermal and hydroelectric electricity. In FY 2024, the company’s total income increased to ₹7,151.00 crore, up from ₹5,921.93 crore in FY 2023. The profit after tax was ₹686.10 crore compared to ₹59.02 crore in FY 2023.

Key metrics:

  • ROE: 9.31%
  • ROCE: 10.95%
  • Debt to Equity: 0.37%

5. IFCI Ltd

IFCI, formerly known as Industrial Finance Corporation of India, is an Indian government-owned non-banking finance company set up to cater to the long-term finance needs of the industrial sector. In FY 2024, the company’s total income increased to ₹895.94 crore, up from ₹754.76 crore in FY 2023. The profit after tax was ₹128.25 crore compared to a loss of ₹287.58 crore in FY 2023.

Key metrics:

  • ROE: 1.44%
  • ROCE: 5.66%
  • Debt to Equity: 0.70%

Pros of Investing in Stocks Below ₹100

  1. Diversification Opportunity: Investors can buy multiple stocks across various sectors for a small investment, reducing risk concentration.
  2. Beginner-Friendly: Stocks below ₹100 can offer an entry point for investors looking to understand market dynamics without heavy financial exposure.

Risks of Investing in Stocks Below ₹100

  1. Higher Volatility: Stocks in this price range often show greater price fluctuations, which can lead to unpredictable returns.
  2. Uncertain Fundamentals: These stocks can belong to smaller or less established companies, which might lack strong financial performance or growth stability.

Who Can Invest in Stocks Below ₹100?

Stocks priced below ₹100 can be appealing to a wide range of investors. New investors, for instance, may find these stocks an accessible way to start investing in the stock market without a significant financial commitment. Budget-conscious individuals can also take advantage of these stocks to build a diversified portfolio while keeping costs manageable. Finally, value-seeking investors may consider such stocks as opportunities for growth, provided they conduct thorough research to understand the underlying company’s prospects and fundamentals.

Conclusion 

Before investing in any stock, it’s important to evaluate your investment goals and risk tolerance. And ensure they align with your financial objectives. Additionally, consulting with a financial advisor can help tailor your investment choices to your individual needs and circumstances.

 

 

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.

Published on: Dec 9, 2024, 1:48 PM IST

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