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.
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.
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:
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:
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:
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:
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:
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.
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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