Tuesday, September 17, 2024

Best Stocks to Buy Under Rs 200 in India 2023

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It was never easy for every user to invest in companies related to Indian Stocks Market. As a stock’s marketer beginner investor, you want to invest little money in the stocks, and you will not like to purchase MRF or Nestle stocks.

As a beginner, if you want to invest the least amount to get an expert in this field, it is not better than investing Rs 200 in stocks. In day-to-day life, we spend Rs 200 as a daily expenditure, but if you buy stocks for RS. 200, you can easily make Rs. 1000 as the market stocks cost increases.

Before investing your money in the markets, you must know the fundamentals of solid stocks under Rs 200, as it is risky to make a proper market choice and make your stocks go upward.

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Top 5 Stocks to Invest in 2023

Name of the Company Market Capitalisation (Rs. in crore) Total Revenue (Rs. in crore) Net profit (Rs. in crore) Return on Equity (%)
Bharat Electronics Ltd. 68054.04 15,599.72 2,398.87 20.52
GAIL (India) Ltd. 69104.3 95,706.73 12,256.07 20.84
Punjab National Bank 52577.6 88,571.12 3,860.74 4.04
NLC India Ltd. 10822.7 13,637.38 1,092.57 6.88
Indus Towers Ltd. 40919.96 28,175.70 6,373.10 33.51

Bharat Electronic Ltd.

India’s premier defense public sector company, Bharat Electronics Limited (BEL), is India’s premier defense public sector company that has produced cutting-edge technology for over 50 years.

The company has numerous manufacturing facilities across India, with its headquarters in Bangalore. Radar systems, electronic warfare systems, communication systems, weapon systems, fire control systems, electronic warfare, avionics systems, and electronic warfare simulators are just a few of the many goods and services it produces and distributes.

The company has a market value of Rs. 68054.04 crores. In the most recent fiscal year, the company’s total revenue and net profit were Rs. 2,398.87 crores, respectively.

BEL’s return on equity is higher at 20.52%. Since the previous fiscal year, the company’s return on equity has been steadily increasing. Currently, the share price of BEL is trading at about Rs.94.

GAIL (India) Ltd.

It is one of India’s largest and most diversified natural gas companies and its largest state-owned natural gas company.

The company engages in various business ventures, including the production, transmission, distribution, and marketing of natural gas in India. Its headquarters are in New Delhi, and it is traded on (NSE) as well as the Bombay Stock Exchange (BSE) (NSE). The markets for natural gas, liquefied natural gas (LNG), and petrochemicals are well-represented by Gail (India) Ltd.

The company has a market value of Rs. 69104.3 crores. In the most recent fiscal year, the company’s total revenue of Rs. 95,706.73 crores and net profit of Rs. 12,256.07 crores, respectively.

Its return on equity is higher at %. Since the previous fiscal year, the company’s return on equity has been steadily increasing. Currently, the share price of Gail India is trading at about Rs. 111.60.

Punjab National Bank

The Punjab National Bank (PNB) is one of the most significant banks in the nation for buyers and sellers on the Indian stock market. The bank has expanded in size and reputation over the years, and there is no denying that it is present in the Indian financial system.

As a result, the most recent information about PNB is frequently of interest to investors and traders.

The company has a market value of Rs. 52577.6 crores. In the most recent fiscal year, the company’s total revenue of Rs. 88,571.12 crores and net profit was Rs. 3,860.74 crores, respectively.

Its return on equity is higher at 4.04 %. Since the previous fiscal year, the company’s return on equity has been steadily increasing. The share price of PNB India is currently trading at about Rs.50.

NLC India Ltd.

One of India’s leading government-owned energy companies is NLC India Ltd., a Navratna company. It produces thermal power, lignite mining, and renewable energy. The company has 10,000 MW of installed capacity and about 4,800 employees. When NLC India Ltd. was listed on the NSE and BSE exchanges in 2013, it became a part of the Indian stock market.

The company’s stock has been performing well, and as of today, it has a market capitalization of more than Rs. 10822.7 crores. Currently, the share price of NLC India is trading at about Rs. 81.4. The business reported total revenues of Rs. 13,637.38 crores and a net income of Rs. 1,092.57 crores. Comparing this to last year’s performance, it was noticeably better. An impressive 6.88% was the company’s return on equity (ROE).

Indus Towers Ltd:

Indus Tower Ltd is one of India’s leading telecom infrastructure companies, which has leading tower companies – Bharti Infratel, Idea Cellular Infrastructure Services, and Vodafone Essar infrastructure.

Its tower market has a share of 33% and a tenancy market share of 42%. The company’s stock has been performing well, and as of today, it has a market capitalization of more than Rs. 40919.96 crores. The share price of Indus Tower Ltd India is currently trading at about Rs.155.

The business reported total revenues of Rs. 28,175.70 crores and a net income of Rs. 6,373.10 crores. Comparing this to last year’s performance, it was noticeably better. An impressive 33.51% was the company’s return on equity (ROE).

Conclusion

Ultimately, you know where to invest in stocks under Rs 200. It is essential to do research and invest in the companies that have the better growth; from that, you make a profit and portfolio. Now that you know about stocks under 200 rupees, you can invest in stocks under 500 and start building your wealth and portfolio.

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