Starting with low-priced stocks can be a strategic move, but it's essential to approach investing with diligence and patience.
Investing in the stock market can seem intimidating, especially for beginners. However, there is a piece of good news: you don’t need a big budget to start. In India, there are numerous stocks priced under ₹100 that can offer opportunities for investors looking to dip their toes into the market. In this article, we will explore the best stocks under ₹100 in October 2024, based on 5yr CAGR.
Best Stocks Under ₹100 in October 2024 – Based on 5Y CAGR
| Company Name |
Market Cap (In ₹ Crore) |
Net Margin (%) |
5Y CAGR (%) |
| Rattanindia Enterprises Ltd |
10,516.84 |
6.88 |
111.49 |
| Suzlon Energy Ltd |
1,08,995.44 |
10.04 |
108.99 |
| Tata Teleservices (Maharashtra) Ltd |
16,632.53 |
-101.71 |
99.39 |
| Reliance Power Ltd |
20,522.70 |
-20.04 |
82.12 |
| Jaiprakash Power Ventures Ltd |
13,124.37 |
14.29 |
65.34 |
Note: The stocks mentioned above have been selected with a market capitalisation of over ₹10,000 Crore and sorted based on 5Y CAGR as of October 03, 2024
Overview of Best Stocks Under ₹ 100
- RattanIndia Enterprises Limited: RattanIndia Enterprises Limited is the flagship company of Rattanindia Group. RattanIndia Enterprises Limited comprises tech-focussed new age businesses including e-commerce, electric vehicles, and drones. During Q1 FY25, the number of dealer stores for Revolt rose to 123, marking a 2.5x increase YoY, forming a vast pan-India network across 113 cities covering 20 states.
Key Metrics:
- Return on Equity (ROE): -10.4%
- Return on Capital Employed (ROCE): 2.89%
- Suzlon Energy Limited: Suzlon Energy Limited is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. During Q1 FY25, the operations and maintenance (OMS) business continued to do well with 14.8 GW capacities in India with machine availability ensured above 96%.
Key Metrics:
- ROE: 28.8%
- ROCE: 24.9%
- Tata Teleservices Ltd: Tata Teleservices Ltd is engaged in the business of Wired and wireless telecommunication activities and holds a Unified License with Access Service Authorisation in Maharashtra and Goa. Revenue from Operations for the year ended March 31, 2024, increased to ₹ 1,192 Crores as against ₹ 1,106 Crores in the previous year.
Key Metrics:
- ROE: –
- ROCE: 47.9%
- Reliance Power Ltd: Reliance Power Ltd has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.
Key Metrics:
- ROE: -17.6%
- ROCE: 1.43%
- Jaiprakash Power Venture Limited: Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity. For FY24, the company’s revenue amounted to Rs. 6,762.78 crore as compared to Rs. 5,786.67 crore in FY23
Key Metrics:
Conclusion
Apart from the list mentioned above, there could be other stocks under ₹ 100 based on different parameters for your investing goal. Hence, it is advised to do proper research before investing.
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.
