Best Stocks Under 100 Rs in India 2024

Investing in stocks under 100 Rs offers a great opportunity for investors looking to make good profits with minimum investment. These stocks have a very low price band and offer substantial growth opportunities, especially when chosen wisely. This article provided a list of the best stocks under 100 Rs in India. This list is categorized based on companies' market cap, returns, and important fundamental metrics to get the best stocks for your portfolio. So let's get started

List of Best Stocks Under 100 by Market Cap

Here is the list of top stocks under 100 Rs by market capitalization

Note: These stock's ranking is based on market capitalization. Please conduct a detailed analysis before investing. Metrics are recorded as of Sep13th, 2024, and may vary daily.

List of Best PSU Stocks Under 100 by Market Cap

Public Sector Undertakings(PSUs) are entities that are owned by the government which means at least 51% of the company’s shares belong to the government. Here is the list of best PSU stocks under 100 Rs:

Note: These stock's ranking is based on market capitalization. Please conduct a detailed analysis before investing. Metrics are recorded as of Sep 13th, 2024, and may vary daily.

Fundamentally Strong Stocks Under 100

Here is the list of fundamentally strong stocks that we can consider the best stocks under 100 Rs for long-term

Note: Stocks are listed based on past financial metrics such as debt, ROC, ROCE, PE ratio, and revenues. For a complete assessment, investors should do their own research.

Best Stocks Under 100 - Overview

Let's take a look at the company overviews of the best stocks under 100 rs

1) Indian Overseas Bank:

Indian Overseas Bank (IOB) was founded in 1937 with a focus on specializing in the foreign exchange business and expanding banking services globally. IOB started its business by establishing its branches in Chennai, Myanmar, and Malaysia. IOB was one of the 14 major banks that were nationalized in 1969. 

The Bank presently has branches in 4 countries: Singapore, Hong Kong, Thailand, and Sri Lanka. It offers services such as loans, credit cards, savings accounts, mobile banking, internet banking, and NRI accounts. Currently, the bank operates in 3200 branches and 3100 ATMs across India.

With its global presence and extensive branch network, Indian Overseas Bank is a good stock under 100 Rs.

2) IDBI Bank

IDBI was incorporated in 1964 under the Industrial Development Bank of India Act, Initially, it operated as a Development Financial Institution (DFI). Later in the year 2004, it was transformed into a bank. It is operating as a full-service universal bank serving customers from all segments. 

IDBI bank has more than 2000 branches and 3300+ ATMs across India. The bank actively engaged in the business of Monetary intermediation of commercial banks, postal savings banks, and discount Houses. 

IDBI Bank's strong history and wide network make it a solid choice for investors who are looking for the best stocks under 100.

3) NHPC Bank

National Hydroelectric Power Corporation Ltd which is presently known as NHPC Ltd. It is the largest hydropower development organization in India. They are also diversified in the fields of Solar and Wind energy developments.

NHPC was incorporated in 1975 and listed in the exchange in 2009. They are currently constructing 15 projects to boost its total capacity to 10,442.7 MW. In addition to this, the company is in the clearance stage for one project, which includes four hydropower projects, three solar power projects, and five other joint venture projects.

4) Suzlon Energy

Incorporated in the year 1995, Suzlon Energy is one of the leading global renewable energy solution providers. The company has installed plants for wind energy in more than 17 countries across 6 continents in the world. Their operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears, and nacelles.

In India, Suzlon is a market leader with more than 111 wind farms and an installed capacity of 14,820 MW. They have also developed some of Asia’s largest operational onshore wind farms in 9 states which include Gujarat, Rajasthan, Maharashtra, and Tamil Nadu.

5) UCO Bank

Founded in 1943, UCO Bank is a government-undertaking commercial bank in which the board of directors are the representatives from the Government of India and the Reserve Bank of India. The Bank is headquartered in Kolkata and has 43 Zonal offices spread all over India.

UCO bank has more than 3000 service units in India and also operates in 2 major International Financial Centers, namely in Hong Kong and Singapore. The bank caters to a wide range of banking and financial services including retail banking, corporate banking, and treasury operations.

With over 3,000 service units and operations in key international financial centers, UCO Bank has earned a place on the list of the best govt stocks under 100 Rs.

6) Central Bank of India

The Central Bank of India was established in 1911 and was the first commercial bank that was fully managed and owned by Indians. In the past 113 years, the bank has built a huge network, with branches in all 28 states and 7 Union territories in India. 

As of March 2023, the Central Bank has more than 4,493 branches, 1 extension counter, and also 1 Satellite Office in India. Their major corporate clients include ICICI, IDBI, UTI, LIC, HDFC, and more. The Bank's segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking etc.

With over 4,493 branches across India and a strong portfolio of major corporate clients, Central Bank of India has made it into the list of the best PSU stocks under 100 Rs.

7) Bank of Maharashtra

The Bank of Maharashtra was incorporated in 1935. They provide a range of banking services including Treasury, Corporate and Wholesale Banking, Retail Banking, and other Operations.

Bank of Maharashtra holds a customer base of 3.02 Crores as of FY24. They have established 2,489 branches across all states and 6 union territories in India. The Bank has a special scheme called the ‘Mahabank Green Financing which promotes lending to environment-friendly sectors. Additionally, the bank also provides customized loan products for financing electric vehicles (EVs), solar projects, green housing initiatives, and more.

Based on fundamental analysis, the Bank of Maharashtra is considered one of the best stocks under 100 Rs for long term.

8) Punjab and Sind Bank

Incorporated in the year 1908, it was established with the vision to help the weaker sections of the society to improve their standard of living and for their welfare. They are engaged in deposits, loans and advances, and remittances and collections.

Punjab and Sind Bank have a branch presence all across India, with a strong presence in the northern part of the country. The bank has over 1569 branches and 1053 ATMs spread across 335 Districts in the country.

9) Grauer & Weil Ltd

Grauer & Weil was established in 1957, and since then they have been the main player in the Surface finishing field. This is the only company in India that offers complete corrosion protection solutions on all types of substrates in various industry sectors.

They have finished more than 800 projects worldwide and have 100+ dealers and distributors across the globe. Grauer & Weil is also present in other business verticals such as Chemicals, Engineering, Paints, Lubricants, and Real Estate.

10) Shree Digvijay Cement

Shree Digvijay Cement started their operations in 1944, at the coastal township in Gujarat. They are primarily engaged in the business of manufacturing and sale of cement. It offers a unique combination of high-quality products and customer-tailored logistics solutions through a combination of road, rail, and captive seaport facilities.

Shree Digvijay Cement markets its products under the KAMAL brand, which is well-positioned in the construction sector. The Company's major product range is blended cement, which includes Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), Sulphate Resistance Portland Cement (SRPC), and Oil Well Cement (OWC).

Based on fundamental analysis, this stock is considered one of the best stocks under 100 rs for long term.

11) Radiant Cash Management Services Ltd

Incorporated in the year 2005, The company caters to a broad set of retail cash management services for banks, financial institutions, and other e-commerce companies in India. 

They operate their services through five sectors namely, Cash pick up and delivery, Network Currency Management, Cash Processing, Cash Vans, and Cash in transit. 

As of 2021, the company had 11 vaults, 16 strong rooms, and 28 safes for conducting their business and services. They have more than 840 armored vans delivering services to 5733 locations in India.

Factors to consider before investing in stocks under 100

Now that we've checked out the best stocks under 100 Rs, let’s understand the key things to consider before investing:

Company Fundamentals

Evaluate and check the company’s earnings, debt, and revenue growth before investing in stocks under 100 Rs.

Industry Position

Understand the position of the company in the industry to know the industry trends and future potential of the company.

Trading Volume

Make sure that the stock has liquidity in the market so that there won't be any difficulty in buying or selling the shares.

Valuations

Consider checking the Price-to-earnings ratio and other financial ratios to compare the stock value with the industry competitors.

Growth Potential

Investors should be aware of the company's plans and prospects such as expansion, investment plans, and long-term goals of the company so that the investors have clarity about their investment.

How to Invest in Stocks Under 100 Rs

Listed below are the steps for investing in the best stocks under 100 Rs in India:

• Research and find out the top-performing stocks in the market.

• Evaluate and assess your risk appetite and fix your financial goals.

• Shortlist the stocks based on your fundamental and technical analysis.

• Find reliable stockbrokers like Rupeezy to open demat account.

• Invest in the shortlisted stocks and monitor them regularly.

Conclusion

Investing in stocks under 100 Rs provides an excellent chance to diversify your portfolio without having to put in a lot of money. By focusing on companies with strong fundamentals, leading market positions, and promising growth prospects, you can identify shares that may offer substantial returns over time. For thorough research and informed investment decisions, open a trading account with Rupeezy where we provide tools and resources to help you make wise choices.