Best Stocks Under Rs. 100: List of Top Low Price Shares to Buy in NSE India (2024) (2024)

Stocks of companies with stock prices lower than Rs. 100 are known as ‘stocks under 100’. These are companies with relatively lower share prices and can be attractive for beginners as they can be considered more accessible. This article explores a list of 10 fundamentally strong stocks under 100 in the Indian stock market. The article will also go through the features, types and benefits of investing in these stocks.

Top 10 Stocks Under Rs. 100

We have drawn upon a list of the 10 best shares to buy under 100 for the long term.

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Note: The data on the stocks list under Rs. 100 is from 22nd August 2024. This data is derived from Tickertape Stock Screener.

• Stock Universe: NIFTY 500
• Close Price: Rs. 0.00- Rs. 100.00
• 5Y Avg Return on Equity: Set from Highest to Lowest

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Best Stocks Under Rs 100: An Overview

Here are brief overviews of the fundamentally strong stocks under Rs. 100 listed above in the list of 10 best shares to buy today under 100 rupees:

Easy Trip Planners Ltd

Founded in 2008, Easy Trip Planners Ltd is an online travel agency in India that provides a wide range of travel-related services, including flight bookings, hotel reservations, holiday packages, bus and train tickets, and more. This stock below 100 rupees operates under the brand name “EaseMyTrip.”

Easy Trip Planners Ltd has a market capitalisation of Rs. 6,996.02 cr., with a close price of Rs. 39.70. The company has a PE ratio of 67.86, a 1-year return of 5.28%, and a 5-year average return on equity of 45.1%. The stock is at the first position in the list of best stocks to buy under 100 in India.

Allcargo Logistics Ltd

Established in 1993, Allcargo Logistics Ltd is a leading integrated logistics service provider, offering a wide range of services, including multimodal transport operations, container freight stations, inland container depots, and project logistics.

Allcargo Logistics Ltd has a market capitalisation of Rs. 6,607.24 cr., with a close price of Rs. 67.66. The company’s PE ratio is 44.14, with a 1-year return of 0.93% and a 5-year average return on equity of 15.78%.

Trident Ltd

Founded in 1990, Trident Ltd is one of the largest integrated home textile manufacturers in India. The company is involved in the production of a wide range of textiles, including towels, bed linen, yarn, and paper.

Trident Ltd has a market capitalisation of Rs. 19,081.98 cr., with a close price of Rs. 38.03. The company’s PE ratio is 54.59, with a 1-year return of 0.58% and a 5-year average return on equity of 12.67%.

Bank of Maharashtra

Established in 1935, the Bank of Maharashtra is a major public sector bank in India, offering a range of banking and financial services, including retail banking, corporate banking, and treasury operations.

Bank of Maharashtra has a market capitalisation of Rs. 44,648.06 cr., with a close price of Rs. 62.79. The bank has a PE ratio of 10.97, a 1-year return of 65.27%, and a 5-year average return on equity of 11.74%.

Ujjivan Small Finance Bank Ltd

Founded in 2017, Ujjivan Small Finance Bank Ltd provides a range of banking services, primarily focused on serving the unbanked and underbanked segments of society. The share under 100 Rs. offers products, including microloans, housing loans, and deposits.

Ujjivan Small Finance Bank Ltd has a market capitalisation of Rs. 8,453.47 cr., with a close price of Rs. 43.78. The bank’s PE ratio is 6.6, with a 1-year return of -13.45% and a 5-year average return on equity of 11.59%.

Equitas Small Finance Bank Ltd

Established in 2016, Equitas Small Finance Bank Ltd is a private sector bank in India that focuses on providing financial services to underserved segments, including microfinance, small business loans, and vehicle finance.

Equitas Small Finance Bank Ltd has a market capitalisation of Rs. 9,589.91 cr., with a close price of Rs. 83.62. The bank has a PE ratio of 12, a 1-year return of -2.11%, and a 5-year average return on equity of 10.32%.

NHPC Ltd

Incorporated in 1975, NHPC Ltd is a government-owned enterprise specialising in the development of hydroelectric power projects. It is one of the largest players in the renewable energy sector in India, focusing on generating and selling electricity through hydropower.

NHPC Ltd has a market capitalisation of Rs. 96,372.06 cr., with a close price of Rs. 97.93. The company’s PE ratio is 26.59, with a 1-year return of 92.65% and a 5-year average return on equity of 9.14%.

SBFC Finance Ltd

Founded in 2017, SBFC Finance Ltd is a specialised finance company that offers loans to small and medium-sized enterprises (SMEs) and individuals. The company provides secured loans, including loans against property and gold loans.

SBFC Finance Ltd has a market capitalisation of Rs. 9,245.10 cr., with a close price of Rs. 86.60. The company’s PE ratio is 38.99, with a 1-year return of -4.8% and a 5-year average return on equity of 7.41%.

IRB Infrastructure Developers Ltd

Founded in 1998, IRB Infrastructure Developers Ltd is one of the leading players in the infrastructure development sector in India, with a primary focus on road and highway construction. The company operates on a build-operate-transfer (BOT) model and has developed numerous highway projects across the country.

IRB Infrastructure Developers Ltd has a market capitalisation of Rs. 39,078.37 cr., with a close price of Rs. 65.34. The company’s PE ratio is 64.51, with a 1-year return of 146.05% and a 5-year average return on equity of 7.25%.

Indian Overseas Bank

Established in 1937, Indian Overseas Bank is a public sector bank in India, offering a comprehensive range of banking products and services, including loans, deposits, and credit facilities. The bank has a significant presence in both domestic and international markets.

Indian Overseas Bank has a market capitalisation of Rs. 1,17,591.91 cr., with a close price of Rs. 62.31. The bank’s PE ratio is 44.11, with a 1-year return of 102.31% and a 5-year average return on equity of 6.44%.

How to Invest in Stocks Under Rs 100?

Here is how investors may go about investing in I’m the best stocks under 100 Rs for long term:

1. Open a demat/trading/brokerage account. Investors can use smallcase to open a demat account!

2. Conduct research on the top stocks under Rs. 100. Investors can utilise tools like the Tickertape Stocks Screener. It is possible to set the Close Price at a range of Rs. 0 – Rs. 100, on the screener and investors can use the 200+ filters to learn more about the list of stocks under Rs. 100!

3. Place a ‘Buy’ order on the stocks under Rs. 100 of your choosing.

4. Monitor your investments regularly.Note: Investors should conduct thorough research and consult a financial advisor before investing in any stock.

What are Stocks Under Rs 100?

Companies whose shares are trading below Rs. 100 are known as ‘stocks under 100.’ Retail investors who may not have large sums of capital to invest can consider these stocks to be affordable. Many investors search for stocks under Rs. 100 as they seek to build a diversified portfolio while managing their risk. The best stocks under Rs. 100 may be particularly attractive to new investors who are just starting in the stock market. Investors can get started with a smaller investment and potentially earn returns that outpace the market by investing in these stocks.

How to Identify the Shares Under 100 Rs?

We have listed fundamentally strong stocks under Rs. 100 based on their 5-year average return on equity. However, there are other factors and parameters that investors can consider while choosing stocks under Rs. 100. In order to identify the best stocks under 100, you can incorporate the below-mentioned filters, as well, to generate a list of fundamentally strong stocks under 100.

Stock Price

Investors can look for stocks with a current market price below 100 Rs. This is the most straightforward criterion for good shares below 100.

Earnings Per Share (EPS)

Investors can evaluate the company’s earnings per share. A higher EPS indicates that the company with a share price under 100 is generating more earnings for each outstanding share. A low-priced stock under 100 Rs with a reasonable EPS may represent good value.

Price-to-Earnings (P/E) Ratio

The P/E ratio compares the stock price with its earnings. A lower P/E ratio might suggest that the stock under 100 is undervalued. However, it’s essential to consider the industry average and the company’s growth prospects.

Dividend Per Share (DPS)

Look for the best share under 100 that pays dividends. A consistent and reasonable dividend per share can be a positive sign and may provide some income for investors.

Net Profit Margin

Investors can evaluate the net profit margin, which is the ratio of net profit to revenue. A higher net profit margin can indicate that the company with the best share below 100 is efficient in managing its costs and generating profits.

Debt-to-Equity Ratio

A lower debt-to-equity ratio suggests that the company has a lower level of debt relative to its equity. Companies with lower debt levels may be considered less risky..

Current Ratio

A current ratio above 1 indicates that the top stock under 100 companies has more assets than liabilities, which can be a positive sign of liquidity and financial health.

Why Invest in Stocks Under Rs 100?

Investing in stocks priced under 100 INR offers several advantages. These stocks can majorly belong to companies with smaller market capitalisations. They can potentially offer significant growth opportunities in the long term. Additionally, they allow for greater diversification within a limited investment budget. Moreover, lower-priced stocks may exhibit higher volatility. This can provide opportunities for short-term trading for investors who can utilise swing trading in fluctuating markets.

Features of Stocks Under Rs. 100

Here are a few key features of stocks under 100 rupees:

• Affordability: Stocks priced under Rs. 100 offers an affordable entry point for investors with limited capital, allowing them to start investing in the stock market without a significant initial investment.
• Higher Quantity: Due to their lower price, investors can purchase a higher quantity of shares of stocks under Rs. 100 compared to higher-priced stocks, thereby increasing their potential for diversification.
• Volatility: Stocks priced under Rs. 100, including best stocks to buy today India for short term under 100 rupees, tends to exhibit higher volatility, which can present opportunities for short-term traders to capitalise on price fluctuations in the market.
• Risk and Reward: While stocks under Rs 100 may offer the potential for high returns, they also come with higher risk due to their volatile nature and lower liquidity compared to higher-priced stocks.
• Opportunity for Growth: Some stocks priced under Rs 100 may represent companies with strong growth potential or turnaround prospects, providing investors with the opportunity to benefit from future appreciation in stock prices.
• Liquidity Concerns: Investors should be aware that stocks under Rs 100 may have lower liquidity levels, meaning there may be fewer buyers and sellers in the market, potentially leading to wider bid-ask spreads and difficulty in executing trades at desired prices.

Who Should Invest in Stocks Under Rs 100?

1. Individuals seeking affordable investment opportunities may find stocks under Rs 100 appealing.
2. These stocks can be attractive for novice investors looking to start building a portfolio with a limited budget.
3. Additionally, seasoned investors who wish to diversify their holdings or explore emerging companies may also consider investing in stocks priced under Rs 100.

Note: It’s important to conduct thorough research and due diligence before investing in any stock, regardless of its price.

Types of Stocks Trading Under Rs. 100

Several types of stocks under Rs 100 can be categorised based on their characteristics and investment potential. Here are some common types of stocks under 100:

• Growth Stocks: Growth stocks can potentially generate substantial profits in the future. Companies in high-growth industries such as IT, healthcare, and e-commerce often associate these best stock under 100 Rs. The best share to buy today under 100 rupees can be attractive to investors who are willing to take on higher risk for the potential of higher returns.
• Dividend-Paying Stocks: These are stocks of companies that pay regular dividends to their shareholders. Dividend-paying stocks can provide a steady stream of income to investors and may be less volatile than other types of stocks. Companies in more mature industries such as utilities, consumer goods, and healthcare often associate with these dividend paying stocks that msy turn out to be one of the best stock to buy under 100.
• Penny Stocks: Small companies or startups often associate these stocks that trade below Rs. 100 per share. Penny stocks can be highly speculative and carry significant risk, as they may be more susceptible to price fluctuations and volatility. However, penny shares under 100 can also offer high growth potential if the company performs well.

Benefits of Investing in Shares Under 100

For investing in the best stocks under 100 in, you must read the following benefits it can offer to you.

• Lower Initial Investment requirement: The best shares under Rs 100 can offer investors the opportunity to enter the stock under 100 market with a smaller initial investment. This can be especially beneficial for new investors who may not have large sums of capital to invest.
• Diversification Potential: Investing in a range of below 100 Rs shares can provide diversification benefits to investors, as these stocks may belong to different sectors and industries. Diversification can help investors manage risk by spreading their investments across different below 100 Rs best shares and asset classes.
• Power of Compounding: Value investing leverages the advantages of compounding. When you invest in the best stocks to buy today under 100 Rs. over a long period, the returns and dividends you earn are reinvested. This can significantly increase your profit margins. Compounding can transform small investments into substantial sums over time.
• Low-Risk Investment Strategy: Value investing is known for being one of the least risky strategies in the stock market. It follows the principles of buying and holding and is highly regarded by investors and shareholders. These principles can protect investors from daily market fluctuations.

Risks of Investing in the Best Stocks Under 100

Investing in even fundamentally strong stocks under 100 can offer good opportunities for investors looking to enter the stock market. However, let’s examine the challenges.

• Highly Volatile: Stocks priced under Rs. 100 are often highly volatile. Their prices can fluctuate dramatically in short periods, which can lead to substantial losses for investors. The high volatility makes it challenging to predict price movements, increasing the risk of investment.
• Scams and Fraudulent Activity: Penny stocks, which can often fall under this price range, are susceptible to scams and fraudulent activities. These stocks less than 100 Rs. can be manipulated by unscrupulous individuals looking to profit from unsuspecting investors. Due diligence is crucial to avoid falling victim to such schemes.
• Large Buy Order: Placing large buy orders for these shares below Rs 100 can be problematic. Due to their low liquidity, significant buy orders can cause sharp price increases, making it difficult to purchase even the best share to buy today under 100 at a reasonable price. This can lead to overpaying and reduced potential returns.
• Not that Fundamentally Strong: Stocks under Rs. 100 are usually small-cap stocks. They may belong to companies with uncertain financial health, weak business models, or limited growth prospects. Investing in such stocks requires careful analysis, as they might not offer the same stability and growth potential as higher-priced stocks.

Tips for Investing in Stocks Under 100

Investing in good stocks under 100 can offer attractive opportunities for retail investors in India, but it is important to approach these investments with caution and a long-term mindset. Here are some tips to consider when investing in stocks under 100:

• Research and Due Diligence: Conduct thorough research and analysis before investing in any stock, regardless of its price. Analyze financial metrics like earnings per share (EPS), price-to-earnings ratios (P/E ratio), and dividend yields to assess a company’s value and potential for growth.
• Diversification and Risk Management: Diversify your portfolio by investing in a mix of shares below 100 rupees across different industries and sectors. This can help mitigate risk and protect against market volatility. Additionally, consider setting stop-loss orders to limit potential losses in case a stock’s price drops significantly.
• Sticking to a Long-Term Investment Strategy: Investors can view investing in stock under 100 rupees as a long-term strategy and avoid making impulsive decisions based on daily market movements. It can be better to not get caught up in short-term market fluctuations. Stick to your investment plan and continue to monitor and adjust your portfolio as needed over time.
• Consider Professional Advice: If you are new to investing, consider seeking advice from a professional financial advisor or a trustable portfolio investing platform like smallcase. We can help you develop an investment plan that aligns with your financial goals and risk tolerance.

As always, investors must do their own research and/or consult their financial advisor before investing.

Taxation on Stocks Under Rs 100

When investing in stocks priced under Rs 100, it’s essential to understand the taxation implications. Here’s a breakdown of the tax considerations for such investments:

Capital Gains Tax

If you sell stocks priced under Rs 100 at a profit, you’ll be subject to capital gains tax. The tax rate depends on whether the gains are short-term (held for less than one year) or long-term (held for more than one year).

• Short-Term Capital Gains Tax: Short-term capital gains on stocks under Rs 100 are taxed at your applicable income tax rate. These gains are added to your total income and taxed accordingly.
• Long-Term Capital Gains Tax: The gains are considered long-term if you hold stocks under Rs 100 for more than one year before selling.

Tax Deduction at Source (TDS)

In certain cases, the buyer of stocks may deduct tax at source before making payment to the seller. This TDS is applicable if the transaction exceeds specified thresholds and varies based on the nature of the transaction and the seller’s tax status.

Understanding the tax implications of investing in stocks under Rs 100 is crucial for effective tax planning and compliance with regulatory requirements. Investors can consult with a tax advisor or financial expert for personalised guidance based on their specific situation.

Factors to Consider Before Investing in the Best Stock Under 100 Rs

• Value Investing: Becoming a value investor may not require a substantial amount of money. This might be due to your current financial situation becoming significant when adopting a long-term perspective on the stock market with patience. Investors can consider stocks under Rs. 100 as it does not require for the investors to spend a lot.
• Advantages of Compounding: The greatest advantage of compounding is its ability to patiently grow even the smallest amount of money into a lump sum. You can keep your investment intact by holding onto the returns from stocks under Rs. 100.
• Low-Risk Investment Strategy: This strategy creates long-term capital by purchasing and holding the best shares below 100. Value investments expand the investor’s portfolio because of their low volatility.

To Wrap It Up…

In conclusion, investing in the best multibagger stocks below ₹100 can help you gain exposure with limited funds. These stocks may be considered “cheap,” but they could still offer significant growth potential and profitability. However, it’s crucial to conduct thorough research, assess your risk tolerance, and develop a long-term strategy. Considering these factors, investing in stocks under ₹100 can be a smart and rewarding choice for both novice and experienced investors.

Frequently Asked Questions About Stocks Under Rs. 100