Embarking on the journey of stock investing doesn’t always require deep pockets. Even with a budget-friendly approach, there are several opportunities. One of those are the best stocks under ₹100. These stocks may showcase growth potential, making them appealing choices. In this article, learn about the best stocks under ₹100 in 2024, along with the points to note while investing in them.
Best Stocks To Buy Under ₹100
| S.No | Company Name | Market Cap (In ₹ crore) | Close Price (₹) | 5Y CAGR (%) |
| 1 | Tata Teleservices (Maharashtra) Ltd | 17,574.80 | 89.90 | 87.30 |
| 2 | RattanIndia Enterprises Ltd | 11,343.99 | 82.15 | 86.92 |
| 3 | Brightcom Group Ltd | 3,744.36 | 18.55 | 67.67 |
| 4 | Suzlon Energy Ltd | 56,025.19 | 41.20 | 54.04 |
| 5 | Trident Ltd | 23,071.85 | 45.85 | 47.13 |
Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on 5Y CAGR from Nifty 500 Universe.
1. Tata Teleservices (Maharashtra) Limited
Tata Teleservices (Maharashtra) Limited provides basic and cellular telecommunication services. It is engaged in wired and wireless telecommunications activities. The company’s portfolio of enterprise-grade solutions mainly includes Cloud-based solutions, Collaboration solutions, IoT, Data Management, and Cybersecurity solutions.
Key Metrics:
- ROE: –
- ROCE: 39.8%
- Profit Growth CAGR (5Y): 7%
2. RattanIndia Enterprises Ltd
RattanIndia Infrastructure Ltd is involved in providing consultancy to companies planning to venture into the business of generation, transmission and distribution of power or are in the process of setting up power generation plants. The company’s business segments include E-commerce, electric vehicles, fintech, and neosky drones.
Key Metrics:
- ROE: -7.39%
- ROCE: 3.12%
- Profit Growth CAGR (5Y): 14%
3. Brightcom Group Ltd
Brightcom Group is a service company which provides digital marketing services and the development of computer software and services. The company’s clients mainly include leading blue-chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India,
Key Metrics:
- ROE: 22.3%
- ROCE: 30.9%
- Profit Growth CAGR (5Y): 27%
4. Suzlon Energy Limited
Suzlon Energy Limited provides renewable energy solutions such as solar irradiance assessment, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission, etc. It also produces wind turbines.
Key Metrics:
- ROE: –
- ROCE: 20.8%
- Profit Growth CAGR (5Y): 17%
5. Trident Ltd
Trident Ltd is engaged in the manufacturing, trading, and sale of Yarn, Terry Towels & Bed sheets, and Paper & Chemicals. During Q2 FY 2024, the company generated a total income of ₹ 17,755 million and a free cash flow of ₹ 403 million. During the same period, it reported EBITDA and PBT margins of 14.30% and 7.41%, respectively.
Key Metrics:
- ROE: 11%
- ROCE: 11.9%
- Profit Growth CAGR (5Y): 11%
Also Read – Best Stocks for Swing Trading in India (2024)
Best Stocks To Buy Under ₹100 On Net Profit Margin Basis
| S.No | Company Name | Market Cap (In ₹ crore) | Close Price (₹) | 5Y CAGR (%) | Net Profit Margin (%) |
| 1 | NHPC Ltd | 80,762.08 | 80.40 | 26.02 | 34.16 |
| 2 | Suzlon Energy Ltd | 56,025.19 | 41.20 | 54.04 | 32.71 |
| 3 | Easy Trip Planners Ltd | 8,275.43 | 46.70 | – | 28.91 |
| 4 | MMTC Ltd | 11,347.50 | 75.65 | 22.08 | 28.25 |
| 5 | Ujjivan Small Finance Bank Ltd | 10,831.49 | 55.35 | 23.14 |
Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on net profit margin from Nifty 500 Universe.
Best Stocks To Buy Under ₹100 On Debt-To-Equity Basis
| S.No | Company Name | Market Cap (In ₹ crore) | Close Price (₹) | 5Y CAGR (%) | Debt-to-Equity (x) |
| 1 | Brightcom Group Ltd | 3,744.36 | 18.55 | 67.67 | 0.00 |
| 2 | Infibeam Avenues Ltd | 7,523.69 | 27.20 | 19.21 | 0.25 |
| 3 | MMTC Ltd | 11,347.50 | 75.65 | 22.08 | 14.35 |
| 4 | NMDC Steel Ltd | 16,001.11 | 54.60 | – | 22.53 |
| 5 | Easy Trip Planners Ltd | 8,275.43 | 46.70 | – | 23.44 |
Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on debt to equity from Nifty 500 Universe.
Best Stocks To Buy Under ₹100 On ROCE Basis
| S.No | Company Name | Market Cap (In ₹ crore) | Close Price (₹) | 5Y CAGR (%) | ROCE (%) |
| 1 | MMTC Ltd | 11,347.50 | 75.65 | 22.08 | 129.26 |
| 2 | Suzlon Energy Ltd | 56,025.19 | 41.20 | 54.04 | 117.36 |
| 3 | Easy Trip Planners Ltd | 8,275.43 | 46.70 | – | 50.49 |
| 4 | Motherson Sumi Wiring India Ltd | 27,278.24 | 61.70 | – | 42.24 |
| 5 | Brightcom Group Ltd | 3,744.36 | 18.55 | 67.67 | 35.81 |
Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on ROCE from Nifty 500 Universe.
Best Stocks To Buy Under ₹100 On Free Cash Flow (FCF) Basis
| S.No | Company Name | Market Cap (In ₹ crore) | Close Price (₹) | 5Y CAGR (%) | FCF (In ₹ crore) |
| 1 | Vodafone Idea Ltd | 72,532.74 | 14.90 | -6.23 | 13,246.50 |
| 2 | UCO Bank | 51,051.94 | 42.70 | 16.73 | 2,694.57 |
| 3 | IDFC First Bank Ltd | 56,261.99 | 79.60 | 11.07 | 2,374.90 |
| 4 | Allcargo Logistics Ltd | 7,818.03 | 79.55 | 31.53 | 1,481.28 |
| 5 | IRB Infrastructure Developers Ltd | 29,681.69 | 49.15 | 27.95 | 1,333.23 |
Note: The list of the best stocks under ₹100 is as of January 24, 2024. The stocks are selected and sorted based on FCF from the Nifty 500 Universe.
Conclusion
Investing in stocks under ₹100 can be a strategic move if done wisely. With thorough research, risk awareness, diversification, and a long-term perspective, these stocks can offer opportunities for growth. Always stay informed and adapt your strategy as needed in the dynamic stock market. To explore more investment opportunities, open a Demat account with Angel One, one of the leading stockbrokers in the country.
Disclaimer: This article is written for educational purposes only. The securities quoted are only examples and not recommendations.
