Best Share Under 100 Rs. To Buy In March 2024
Stocks which has doubled investment in just 6 months, this march invest in best stocks under 100
Best share under 100: Investing in the stock market can be a rewarding way to grow your wealth over time. While it’s commonly believed that you need a substantial amount of money to invest in stocks. But there are plenty of options available even for those with limited funds.
In March 2024, the Indian stock market continues to offer opportunities for investors, including shares that are priced under 100 rupees. Here are some of the best shares under 100 to consider investing in this month:
1. Suzlon Energy Ltd | Best share under 100
Suzlon Energy Ltd is a prominent player in the renewable energy sector, specializing in wind turbine technology.
As the world shifts towards cleaner and more sustainable energy sources, companies like Suzlon are well-positioned to benefit from this trend.
Despite facing challenges in the past, including debt restructuring and operational issues, Suzlon has been working towards strengthening its financial position and expanding its market presence.
With its shares trading below 100 rupees, Suzlon represents an attractive investment opportunity for those bullish on the renewable energy sector.
The stock has hit low of Rs. 22 on 13 September 2023 and Suzlon CMP is Rs. 44.25 per Share. However, the share has hit high of Rs. 49.35 on 08 Feb 2024. This stock has doubled the invested money in just 6 months.
Suzlon Financial Data
The stock is expected to touch 64 Rs. levels within few months.
2. National Aluminium Company Ltd (NALCO)
National Aluminium Company Ltd (NALCO) is a leading producer of aluminum and alumina products in India.
The company operates across the entire value chain of aluminum production, from mining bauxite to refining alumina and smelting aluminum.
With increasing demand for aluminum in various industries such as automotive, construction, and packaging, NALCO stands to benefit from favorable market conditions.
Additionally, the government’s focus on infrastructure development and Make in India initiatives could further boost NALCO’s prospects.
Trading at a price below 100 rupees per share, NALCO offers investors an opportunity to gain exposure to the growing aluminum market.
The stock has hit low of Rs. 89.70 on 16 October 2023 and CMP is Rs. 159.65 per Share. However, the share has hit high of Rs. 162.75 on 06 Feb 2024. This stock has almost doubled the invested money in just 6 months.
NALCO Financial Data
The stock is expected to touch 209 Rs. levels within few months.
3. Punjab National Bank (PNB) | Best share under 100
Punjab National Bank (PNB) is one of India’s oldest and largest public sector banks.
Despite facing challenges related to non-performing assets (NPAs) and corporate governance issues in the past, PNB has taken significant steps to strengthen its balance sheet. Also PNB is focusing on improvement of operational efficiency.
With the Indian economy showing signs of recovery and the banking sector poised for growth, PNB could benefit from increased lending activity and improved asset quality.
Priced under 100 rupees per share, PNB presents an attractive investment proposition for those looking to capitalize on the revival of the banking sector.
The stock has hit low of Rs. 65.70 on 06 September 2023 and CMP is Rs. 125 per Share. However, the share has hit high of Rs. 130.15 on 16 Feb 2024. This stock has almost doubled the invested money in just 6 months.
PNB Financial Data
The stock is expected to touch 168 Rs. levels within few months.
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4. NHPC Limited | Best share under 100
NHPC is a leading hydropower generation company in India.
With an increasing focus on renewable energy sources and a commitment to sustainable practices, NHPC is positioned for growth.
The company’s low stock price provides an affordable entry point for investors interested in the renewable energy sector, which is expected to play a crucial role in India’s future energy landscape.
Company has been maintaining a healthy dividend payout of 49.5%
The stock has hit low of Rs. 49.5 on 01 November 2023 and CMP is Rs. 90.55 per Share. However, the share has hit high of Rs. 103.65 on 05 Feb 2024. This stock has almost doubled the invested money in just 6 months.
NHPC Financial Data
The stock is expected to touch 120 Rs. levels within few months.
5. Punjab & Sind Bank | Best share under 100
Punjab & Sind Bank (NSE: PSB) is a notable player in India’s banking sector.
Established in 1908, it has since grown into a prominent government-owned bank, offering a wide range of financial services to retail and commercial clients across the country.
With its headquarters in New Delhi, Punjab & Sind Bank operates through a network of branches and ATMs, providing banking solutions such as deposits, loans, investments, and digital banking services.
Despite facing challenges inherent in the banking industry, Punjab & Sind Bank has demonstrated resilience and adaptability over the years.
With a focus on customer service and technological innovation, the bank continues to expand its reach and enhance its product offerings to meet the evolving needs of its diverse clientele.
Company has delivered good profit growth of 30.4% CAGR over last 5 years
The stock has hit low of Rs. 38 on 23 October 2023 and CMP is Rs. 65 per Share. However, the share has hit high of Rs. 75.15 on 07 Feb 2024. This stock has almost doubled the invested money in just 6 months.
PSB Financial Data
The stock is expected to touch 82 Rs. levels within few months.
Conclusion
Investing in shares priced under 100 rupees can be an attractive option for investors looking to diversify their portfolios and capitalize on emerging opportunities in the Indian stock market.
However, it’s essential to conduct thorough research and analysis before making any investment decisions. While the shares mentioned above present compelling investment opportunities, investors should consider factors such as market trends, industry dynamics, and company fundamentals before investing their hard-earned money.
By staying informed and adopting a disciplined approach to investing, investors can navigate the complexities of the stock market and achieve their long-term financial goals.
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