Top Stocks Under ₹50 2024

Here is a list of the top stocks under ₹50 2024 you can add to your portfolio:

Company	Market Capital	P/E Ratio	Dividend Yield
Vodafone Idea Ltd	₹56,664 Cr.	-	0.00 %
Yes Bank Ltd	₹64,640 Cr.	36.1	0.00 %
UCO Bank	₹55,069 Cr.	25.2	0.61 %
Reliance Power Ltd	₹16,603 Cr.	-	0.00 %
Trident Ltd	₹17,378 Cr.	52.8	1.06 %
Alok Industries Ltd	₹11,103 Cr.	-	0.00 %
Jaiprakash Power Ventures Ltd	₹12,309 Cr.	7.50	0.00 %
Standard Industries	₹176 Cr.	123.39	3.83 %
Prakash Steelage	₹156 Cr.	61.18	0.00 %
Vaishali Pharma	₹242 Cr.	200.99	0.00 %

* as of date 05/11/2024

 

Overview of Best Stocks Under ₹50 in 2024

Here is a brief overview of the companies whose stock price is under ₹50 you can consider to make a decision:

1. Vodafone Idea Ltd: Vodafone Idea Ltd, one of the major players in the telecommunication industry, has been going through financial distress and is currently trading at Rs 9.20 per share. If the company manages to turn around, it can yield huge returns as well.
2. Yes Bank Ltd: Yes Bank is one of the biggest private sector banks that has now stabilized and is trading at ₹21. With a market cap of ₹68,838 crore, this is one of the stronger options in the banking sector under ₹50.
3. UCO Bank: The bank has a market cap of ₹55,069 crore and a PE ratio of 25.2. The stock had a 52-week high of ₹70.65 as it continued to trade close to all-time highs, which makes it an interesting pick.
4. Reliance Power Ltd: Reliance Power is among the top stocks under ₹50 2024 in the power generation sector at its prevailing price of ₹41.55. The company commands a market capitalization of ₹20,475 crore.
5. Trident Ltd: Trident Ltd, a textiles & apparel company, is worth a look for those considering investing in. Although its per-share value is expected to decline in the near future, it holds a P/E ratio of 54.75, meaning that it is fairly valued based on its current earnings.

Remember that knowing how to open demat account is important for investing in the best stocks under ₹50. You must also know what is BO ID in demat as it helps track ownership of those stocks.

 

Criteria for Choosing Top Stocks Under ₹50 2024

Here are the key considerations about stocks under ₹50 you must make before investing:

• Market Capitalization: It is determined by multiplying the number of shares by the current market price. Better liquidity and stability are frequently associated with larger market caps.
• Debt-to-Equity Ratio: The ratio indicates financial health by comparing total debt to shareholders' equity. Higher ratios denote risk, whereas lower ratios imply stability.
• Market Price: The current value as determined by trends, investor mood, and demand is reflected in the market price. A low price could be a sign of undervaluation.
• Dividend Yield: It is a return on investment metric for income-focused investors. It is determined by dividing the annual dividend per share by the market price.

Knowing how to open demat account is the first step to investing in top stocks under ₹50 2024. You must also know what is BO ID in demat since it is the unique number given to all the demat account holders.

 

Conclusion

These top stocks under ₹50 2024 offer opportunities for small investors and traders. Whether you're looking for long-term gains or exploring different sectors, these stocks provide a low-cost entry into the stock market. They also allow you to diversify your portfolio to reduce risk and increase access to different industries.

If you’re looking to get started with your trading and investing journey, then open a free demat account with Almondz Trade and start today.

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.