Best Stocks India Under ₹100 2024 to Watch Out

Here is a list of the best stocks India under ₹100 2024 that are fundamentally strong and can be invested in:

Company	Market Capital	P/E Ratio	Div yield
India Overseas Bank	₹1,05,722 Cr.	36.0	0.00%
Suzlon Energy Limited	₹98,816 Cr.	114.60	0.00%
GMR Airports Infrastructure	₹91,522 Cr.	-	0.00%
NHPC Limited	₹85,276 Cr.	-	2.24%
IDBI Bank	₹87,224 Cr.	13.9	0.00%
Yes Bank Limited	₹65,515 Cr.	45.0	0.00%
UCO Bank	₹53,958 Cr.	27.2	0.62%
Central Bank of India	₹51,227 Cr.	15.0	0.00%
Ujjivan Small Finance Bank	₹7,604 Cr.	6.04	0.00%
Shree Renuka Sugars Limited	₹9,570 Cr.	-	0.00%

As of 17/10/2024

 

Overview of Top Stocks in India Under ₹100

If you already have a BO ID and know how to do online trading, you can refer this information about the companies to make an informed decision:

• India Overseas Bank: Indian Overseas Bank offers a selection of products and services, including savings and current accounts, fixed deposits, loans, credit cards, NRI services, and investment options.
• Suzlon Energy Limited: Suzlon Energy is one of the leading global renewable energy solution providers. The company has installed plants for wind energy across 6 continents in the world.
• GMR Airports Infrastructure: GMR Airport Infra activities include the construction, maintenance, and operation of airports. It also includes the electricity generation, the mining and exploration of coal, and the operation of highways.
• NHPC Limited: NHPC's major offerings include hydroelectric power, solar power, and wind power. It operates in the energy sector, serving bulk customers, mainly electricity utilities owned by state governments.
• IDBI Bank: The three segments of operation of IDBI Bank Ltd are Treasury, Retail Banking, and Corporate/Wholesale Banking.  Over the last 5 years, IDBI Bank Ltd has offered a good CAGR of 19% profit growth.

 

Factors to Consider to Identify the Best Stocks in India

Consider these factors to find the best stocks under ₹100:

• Price-to-Earnings (P/E) Ratio: A lower P/E ratio suggests the stock is undervalued.
• Dividend Per Share (DPS): Consistent dividend per share is a positive sign.
• Debt-to-Equity Ratio: A lower debt-to-equity ratio suggests financial stability.
• Current Ratio: A current ratio above 1 strongly indicates that the stock has more assets than liabilities.

 

Conclusion

While investing in the best stocks India under ₹100 2024, factors like company fundamentals, growth potential, and market trends matter and need to be considered. Investors should comprehend both the growth potential and challenges, before investing in them. Knowing how to do online trading and registering your BO ID are essential steps before you start your investment journey.