Share Market

Top 10 Best Stocks Under 200 Rs. To Invest in 2024

Posted By: Admin
November 3, 2023 |

Undervalued shares, buy multi bagger stocks below Rs. 200, Top 10 Stocks to buy for short term

Best Stocks Under 200 – Most of the investors do not have big pockets to invest in stock market which restricts them to invest in large cap shares in India. There are some best multi bagger penny stocks to invest which can be a solution to those people. It is a reality that many investors buy shares which are overvalued due to hype created by media and news websites.

Recently we have seen the upward trend in Stock Market in India even low value stocks and the global technology stocks are performing well. However, there was a decline in Finance Sector Stocks, real estate stocks, metal Stocks and Auto sectors Stocks.

Apollo Hospital, Adani Ports, Eicher Motors, Tata Motors, Hero Motocorp, JSW Steel, Titan Company, are among the Top Gainers Stocks. Whereas, SBI Life Insura, NTPC, Dr Reddys Labs, Tata Steel, Kotak Mahindra are among the Top Losers in recent days.

Though, everybody should invest in shares after deep research about the company and statistics. But, there are some stocks which are presently trading at low price even after having strong financials and reputation due to less investors or coverage in media.

Here in this article we will see about top 10 stocks to invest under 200 Rs. which are undervalued and can perform well in the short term.

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Why to buy undervalued stocks in India?

There are numerous reasons why you should invest in top 10 stocks below Rs. 200. which you can read below –

You should invest in Undervalued stocks as these may attain their intrinsic value which will fetch you good return in the short term.
Comparatively less prices to buy good stocks with good financials and high reputation of well-established companies.
High investment volume may help these stocks to outperform in less time.
Low risk high return shares to invest.

List of top 10 Best stocks to buy under Rs 200

1. Oil and Natural Gas Corporation Ltd, Best Stocks Under 200

The Oil and Natural Gas Corporation (ONGC) is a prominent player in the Indian stock market and the energy sector. Analyzing ONGC shares in India involves several key factors.

First, the company’s financial performance, including revenue, profit margins, and debt levels, is critical. ONGC’s operational efficiency and ability to adapt to changing market conditions are also significant. Moreover, monitoring global oil prices, as ONGC is primarily involved in the oil and gas industry, is crucial.

Government policies, as ONGC is a state-owned enterprise, can impact its stock performance. Additionally, evaluating the company’s exploration and production activities, reserves, and sustainability efforts can provide valuable insights into the potential growth of ONGC shares in the Indian market.

The present price of the share is ranging between 160-180 Rs. per share. The P/E ratio of the share is 6.22 and dividend yield is 5.96%. You may invest in this share at the level of Rs. 170-175 with a target of Rs. 210-220 per share.

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2. Tata Steel, Best Stocks Under 200

Tata Steel, one of India’s leading steel manufacturers, exhibited a positive financial outlook. The company’s revenue and profitability were influenced by factors such as global steel demand, raw material prices, and operational efficiencies.

Strong demand in sectors like construction and infrastructure, along with robust export opportunities, contributed to its performance. However, risks included fluctuations in steel prices, geopolitical factors, and regulatory changes. It’s crucial for investors to monitor market conditions, industry trends, and Tata Steel’s financial reports for the most up-to-date analysis before making any investment decisions.

The present price of the share is ranging between 117-130 Rs. per share. The P/E ratio of the share is 88.19 and dividend yield is 3.06%. You may invest in this share at the level of Rs. 110 with a target of Rs. 135-145 per share.

3. Union Bank, Best Stocks Under 200

Union Bank of India, a prominent financial institution, has witnessed fluctuating performance in recent years. Its financial analysis reveals a mixed picture. While the bank has shown resilience in terms of deposit growth and loan portfolio expansion, it has also faced challenges in asset quality, particularly non-performing assets.

Profitability margins have been under pressure due to increased provisioning for bad loans. Cost management efforts have partially offset these challenges. Going forward, Union Bank’s performance depends on effective risk management, cost control, and economic trends. Shareholders should closely monitor the bank’s strategies and financial health in this dynamic and competitive Indian banking landscape.

The present price of the share is ranging between 90-105 Rs. per share. The P/E ratio of the share is 6.02 and dividend yield is 2.87%. You may invest in this share at the level of Rs. 100 with a target of Rs. 135-145 per share.

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4. Petronet LNG Ltd, Best Stocks Under 200

Petronet LNG Ltd, a leading Indian natural gas company, has exhibited strong financial performance. Its revenue and profit margins have steadily grown due to increasing demand for natural gas in India. The company’s efficient operations and strategic partnerships have resulted in a healthy balance sheet. With a consistent dividend payout, it’s attractive to investors.

However, Petronet LNG is subject to energy price fluctuations, which can impact its profitability. Investors should monitor global energy trends and government policies to assess the company’s future prospects. Overall, Petronet LNG is a stable player in the Indian energy sector, offering investment potential with some associated risks.

The present price of the share is ranging between 190-195 Rs. per share. The P/E ratio of the share is 8.43 and dividend yield is 4.34%. You may invest in this share at the level of Rs. 175 with a target of Rs. 230-235 per share.

5. Indus Towers Ltd, Best Stocks Under 200

Indus Towers Ltd, Indian telecommunications infrastructure sector, has shown strong financial performance. Its consistent revenue growth, driven by long-term contracts with major telecom operators, has been impressive.

The company’s efficient cost management and steady EBITDA margins have contributed to profitability. Furthermore, its healthy cash flows and prudent capital allocation strategies provide financial stability. However, investors should be mindful of competitive pressures and regulatory changes in the telecom industry. Overall, Indus Towers appears to be a promising investment opportunity, but a comprehensive analysis should consider market dynamics and industry risks.

The present price of the share is ranging between 180-190 Rs. per share. The P/E ratio of the share is 15.35. You may invest in this share at the level of Rs. 165 with a target of Rs. 230-235 per share.

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6. Redington, Best Stocks Under 200

Redington India Ltd is a leading IT distribution and supply chain management company in India. Its financial analysis reveals a strong track record of revenue growth, profitability, and a healthy balance sheet.

The company’s revenues have steadily increased over the years, reflecting its ability to capture market share. Redington has maintained a stable profit margin, indicating efficient cost management. Additionally, it has a low debt-to-equity ratio, indicating a strong financial position.

However, investors should monitor the competitive landscape and potential market risks in the rapidly evolving IT industry. Overall, Redington India shows promise for investors seeking exposure to the Indian IT sector.

The present price of the share is ranging between 145-150 Rs. per share. The P/E ratio of the share is 8.56 and dividend yield is 4.96. You may invest in this share at the level of Rs. 135-140 with a target of Rs. 188-190 per share.

7. NMDC

NMDC Limited, a prominent mining company in India, has shown strong financial performance. With a robust balance sheet and consistent revenue growth, it has attracted investors’ attention. The company’s efficient operations and strategic partnerships have contributed to its success.

NMDC’s shares have demonstrated stability, offering investors a reliable option in the volatile Indian stock market.

Its dividend history and low debt-to-equity ratio make it an attractive choice for income and value investors. However, it faces industry-specific risks related to commodity price fluctuations.

The present price of the share is ranging between 150-160 Rs. per share. The P/E ratio of the share is 8.03 and dividend yield is 4.15%. You may invest in this share at the level of Rs. 141-145 with a target of Rs. 185-192 per share.

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8. Global Education Ltd

Global Education Ltd, a prominent education company in India, exhibits a strong financial performance. Its robust revenue growth, prudent cost management, and healthy profit margins make it an attractive investment option.

The company’s consistent dividend payouts also appeal to income-oriented investors. However, potential investors should remain cautious about industry-specific challenges, such as regulatory changes and competition. Conducting a thorough analysis of the company’s financial health, including factors like debt levels and cash flow, is essential before making an investment decision.

Nevertheless, Global Education Ltd seems well-positioned to capitalize on India’s growing education sector and offers a promising investment opportunity.

The present price of the share is ranging between 190-192 Rs. per share. The P/E ratio of the share is 14.06 and dividend yield is 1.17%. You may invest in this share at the level of Rs. 180-185 with a target of Rs. 220-225 per share.

9. Bank of India Ltd

Bank of India, a prominent public sector bank in India, has undergone financial analysis in recent years. Its performance has been influenced by factors such as economic conditions, government policies, and industry trends. Key financial metrics include asset quality, capital adequacy, and profitability.

Despite challenges like non-performing assets (NPAs) and provisioning, Bank of India has worked to improve its asset quality and maintain a healthy capital adequacy ratio. The bank’s profitability has shown resilience, benefiting from various income streams like interest, fee-based, and trading income.

It remains a significant player in the Indian banking sector, contributing to the country’s economic growth.

The present price of the share is ranging between 99 – 100 Rs. per share. The P/E ratio of the share is 8.87. You may invest in this share at the level of Rs. 94-96 with a target of Rs. 136-140 per share.

10. Ashok Leyland Ltd

Ashok Leyland Ltd, an Indian automotive manufacturer, has shown promising financial performance in recent years. The company has witnessed steady revenue growth, driven by its robust presence in the commercial vehicle segment. Cost management and operational efficiency have led to improved profitability margins. Ashok Leyland’s strong focus on innovation and sustainability aligns with India’s evolving automotive landscape.

Additionally, strategic expansion into international markets has further diversified its revenue streams. However, the company remains susceptible to cyclical industry trends and global economic conditions. Overall, Ashok Leyland continues to be a key player in India’s automotive industry, showing resilience and adaptability.

The present price of the share is ranging between 165-168 Rs. per share. The P/E ratio of the share is 27.77. You may invest in this share at the level of Rs. 160-162 with a target of Rs. 180-182 per share.

Disclaimer: This blog is for educational purposes. It’s essential to conduct thorough research and seek professional advice before making investment decisions.

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