Top 10 Stocks to invest Under 200 Rs. – Best Midcap Stocks India
High Performing, Undervalued stocks 2024, Buy M-Cap stocks below Rs. 200, Top 10 Stocks to buy under 200 Rs.
Stocks to invest under 200 – Investing in stocks can be a lucrative way to grow your wealth over time, but it’s crucial to choose the right stocks that align with your investment goals and risk tolerance. For many investors, midcap stocks offer an attractive balance between growth potential and stability. In this blog, we’ll explore ten midcap stocks priced under 200 Rs that could offer promising investment opportunities.
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. These undervalued stocks are best top 10 List of Stocks to invest under 200.
Explore | Top 10 Blue Chip Stocks to Invest in India
1. Ashok Leyland (NSE: ASHOKLEY) – List of Stocks to invest under 200
Ashok Leyland (NSE: ASHOKLEY) is a leading commercial vehicle manufacturer in India with a rich history spanning several decades. The company is renowned for its diverse range of products, including trucks, buses, and defense vehicles, catering to both domestic and international markets.
| 52 Week High (16-Aug-2023) | 191.50 |
| 52 Week Low (28-Mar-2023) | 133.10 |
With a strong emphasis on innovation and technology, Ashok Leyland has established itself as a key player in India’s transportation sector. The company’s commitment to quality, reliability, and customer satisfaction has earned it a loyal customer base and industry recognition. Ashok Leyland continues to expand its product portfolio and strengthen its market presence through strategic collaborations and investments in research and development.
Fundamentals:
- Market Cap ₹ 51,103 Cr.
- Current Price ₹ 174
- High / Low ₹ 192 / 133
- Stock P/E 24.1
- Book Value ₹ 30.2
- Dividend Yield 1.49 %
- ROCE 11.4 %
- ROE 15.0 %
- Face Value ₹ 1.00
As India’s economy grows and infrastructure demands increase, Ashok Leyland is well-positioned to capitalize on emerging opportunities and maintain its leadership position in the commercial vehicle segment.
Target Price:
The stock is presently trading at 170-172 levels, we expect the share to reach 210-212 in near future.
2. Federal Bank (NSE: FEDERALBNK)
Federal Bank (NSE: FEDERALBNK) stands tall as one of India’s prominent private sector banks, renowned for its stronghold in southern India. With a focus on digital banking and customer-centric services, Federal Bank remains a formidable player in the country’s evolving financial landscape. Established in 1931, the bank has built a reputation for reliability and innovation, catering to diverse banking needs across retail, corporate, and SME sectors.
| 52 Week High (20-Dec-2023) | 159.30 |
| 52 Week Low (26-Jun-2023) | 121.00 |
Its robust technological infrastructure enables seamless transactions and enhances customer experience, contributing to its sustained growth and market presence. Federal Bank’s prudent risk management practices and emphasis on asset quality underscore its commitment to financial stability and long-term sustainability.
Fundamentals:
- Market Cap ₹ 35,515 Cr.
- Current Price ₹ 146
- High / Low ₹ 159 / 121
- Stock P/E 9.19
- Book Value ₹ 105
- Dividend Yield 0.69 %
- ROCE 5.91 %
- ROE 15.3 %
- Face Value ₹ 2.00
As India’s economy continues to expand, Federal Bank is well-positioned to capitalize on emerging opportunities and drive value for its stakeholders, making it an attractive investment option in the banking sector.
Target Price:
The stock is presently trading at 140-145 levels, we expect the share to reach 185-188 in near future.
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3. Tata Steel Ltd (NSE: TATASTEEL) – List of Stocks to invest under 200
Tata Steel Limited, a subsidiary of the Tata Group, is among the world’s top steel producers with operations spanning across Europe, Asia, and Africa. Headquartered in India, Tata Steel is renowned for its quality products and innovative solutions across various industries including automotive, construction, infrastructure, and manufacturing.
| 52 Week High (29-Dec-2023) | 141.25 |
| 52 Week Low (24-Mar-2023) | 101.55 |
The company’s diversified portfolio includes flat steel products, long steel products, tubes, and wire products, catering to a wide range of customer needs globally. Tata Steel is committed to sustainable practices and has been at the forefront of initiatives aimed at reducing its environmental footprint.
Fundamentals –
- Market Cap ₹ 1,70,564 Cr.
- Current Price ₹ 139
- High / Low ₹ 142 / 102
- Stock P/E 88.2
- Book Value ₹ 72.5
- Dividend Yield 2.60 %
- ROCE 12.6 %
- ROE 7.28 %
- Face Value ₹ 1.00
With a focus on operational excellence and technological advancements, Tata Steel continues to strengthen its position as a leading player in the global steel industry, driving growth and innovation while contributing to the development of societies and economies worldwide.
Tata Steel Share Target Price
The stock is presently trading at 139-140 levels, we expect the share to reach 182-185 in near future.
4. NALCO (National Aluminium Company Limited): List of Stocks to invest under 200
National Aluminium Company Limited (NALCO) is a Navratna CPSE under the Ministry of Mines, Government of India. Established in 1981, NALCO is Asia’s largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting, and power generation. Headquartered in Bhubaneswar, Odisha, NALCO operates mines in Odisha and has manufacturing facilities in Angul and Damanjodi.
| 52 Week high | 157.00 |
| 52 Week low | 75.65 |
The company is renowned for its sustainable practices, emphasis on environmental stewardship, and commitment to corporate social responsibility. NALCO is a major player in the aluminium industry, producing a wide range of products including alumina, primary aluminium ingots, billets, wire rods, rolled products, and extrusions.
Fundamentals –
- Market Cap ₹ 28,091 Cr.
- Current Price ₹ 153
- High / Low ₹ 157 / 75.6
- Stock P/E 20.8
- Book Value ₹ 74.1
- Dividend Yield 2.94 %
- ROCE 15.1 %
- ROE 12.0 %
- Face Value ₹ 5.00
With a focus on operational excellence and technological innovation, NALCO continues to contribute significantly to India’s industrial growth and the global aluminium market.
Nalco target price
The stock is presently trading at 139-140 levels, we expect the share to reach 182-185 in near future.
5. Central Bank of India: List of Stocks to invest under 200
Central Bank of India, established in 1911, stands as one of India’s oldest and largest commercial banks. As a public sector bank, it plays a pivotal role in India’s banking landscape, offering a wide array of financial products and services to individuals, businesses, and institutions across the country.
The bank operates through a vast network of branches and ATMs, providing accessibility and convenience to its customers. Central Bank of India is known for its commitment to financial inclusion and social welfare initiatives, catering to the banking needs of diverse segments of society.
Fundamentals
- Market Cap ₹ 53,901 Cr.
- Current Price ₹ 62.0
- High / Low ₹ 63.4 / 22.2
- Stock P/E 22.1
- Book Value ₹ 33.7
- Dividend Yield 0.00 %
- ROCE 4.29 %
- ROE 5.92 %
- Face Value ₹ 10.0
With a focus on innovation and customer satisfaction, the bank continues to adapt to evolving market dynamics while upholding its core values of trust, integrity, and transparency in all its operations.
Central Bank of India Share Target Price
The stock is presently trading at 60-62 levels, we expect the share to reach 82-85 in near future.
6. Indian Oil Corporation Ltd
Indian Oil Corporation Limited is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas.
| 52 Week High (02-Feb-2024) | 166.80 |
| 52 Week Low (28-Mar-2023) | 75.75 |
The present price of the share is ranging between 120-125 Rs. per share. The P/E ratio of the share is 4.40 and dividend yield is 5.25%. You may invest in this share at the level of Rs. 118 with a target of Rs. 149-156 per share.
Indian Oil Corporation Ltd (IOCL) boasted strong financials, including consistent revenue growth, robust earnings, and positive cash flow. The company’s diverse operations in refining, pipeline transportation, and marketing of petroleum products contributed to its financial stability. IOCL’s profitability is closely tied to global oil prices, which can impact its margins.
Fundamentals
- Market Cap ₹ 2,30,112 Cr.
- Current Price ₹ 163
- High / Low ₹ 167 / 75.8
- Stock P/E 4.91
- Book Value ₹ 118
- Dividend Yield 3.07 %
- ROCE 8.09 %
- ROE 7.17 %
- Face Value ₹ 10.0
IOCL Share Target Price
The stock is presently trading at 162-163 levels, we expect the share to reach 210-215 in near future.
7. Bharat Electronics Ltd, Best Stocks Under 200, Top 10 Stocks 2024
Bharat Electronics Limited is an Indian Government-owned aerospace and defence electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of sixteen PSUs under the Ministry of Defence of India.
| 52 Week High (23-Jan-2024) | 195.50 |
| 52 Week Low (02-Feb-2023) | 88.30 |
Bharat Electronics Limited (BEL) exhibits promising share prospects backed by robust financials. The company, a key player in defense electronics, has consistently shown revenue growth, indicating strong market demand. Its stable financial performance is evident in a healthy profit margin and a low debt-to-equity ratio, reflecting financial prudence.
With a solid order book and government support for defense modernization, BEL is well-positioned for sustained growth. Additionally, the company’s focus on R&D and technological innovation enhances its competitive edge. Overall, BEL’s sound financials and strategic positioning in the defense sector make it a favorable choice for investors.
Fundamentals
- Market Cap ₹ 1,34,939 Cr.
- Current Price ₹ 185
- High / Low ₹ 196 / 89.6
- Stock P/E 37.8
- Book Value ₹ 20.3
- Dividend Yield 0.98 %
- ROCE 29.9 %
- ROE 22.8 %
- Face Value ₹ 1.00
BEL Target price
The stock is presently trading at 185-186 levels, we expect the share to reach 210-215 in near future.
8. IDFC First Bank, Best Stocks Under 200, Top 10 Stocks 2024
The IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
IDFC FIRST Bank exhibits promising share prospects, supported by its robust financial performance. The bank’s strategic focus on retail banking, digital initiatives, and diversified loan portfolio contributes to its growth. The bank is reporting a steady rise in net interest income (NII) and a reduction in non-performing assets (NPAs). Moreover, its capital adequacy ratio remains healthy, ensuring stability.
| 52 Week High (05-Sep-2023) | 100.70 |
| 52 Week Low (28-Mar-2023) | 52.10 |
Continued efforts to expand its customer base and digital offerings position IDFC FIRST Bank favorably in the evolving banking landscape, suggesting positive share potential.
Fundamentals
- Market Cap ₹ 58,382 Cr.
- Current Price ₹ 82.6
- High / Low ₹ 101 / 52.1
- Stock P/E 19.3
- Book Value ₹ 39.1
- Dividend Yield 0.00 %
- ROCE 6.59 %
- ROE 10.6 %
- Face Value ₹ 10.0
IDFC target price
The present price of the share is ranging between 117-118 Rs. per share. The P/E ratio of the share is 19.3. You may invest in this share at the level of Rs. 110-116 with a target of Rs. 158-160 per share.
9. CESC Ltd – Top Stocks Under Rs 200, Top 10 stocks in India
The Calcutta Electric Supply Corporation is the Kolkata-based flagship company of the RP-Sanjiv Goenka Group, born from the erstwhile RPG Group, under the chairmanship of businessman Sanjiv Goenka.
CESC Ltd, an Indian power utility company, displayed stable financials. With a diversified business model encompassing power generation and distribution, its revenue streams exhibited resilience. We advice investors to closely monitor the company’s financial health, including factors like debt levels, profit margins, and return on equity.
| 52 Week High (30-Jan-2024) | 149.90 |
| 52 Week Low (27-Mar-2023) | 62.10 |
Fundamentals
- Market Cap ₹ 18,253 Cr.
- Current Price ₹ 138
- High / Low ₹ 150 / 62.1
- Stock P/E 13.0
- Book Value ₹ 86.8
- Dividend Yield 3.27 %
- ROCE 11.4 %
- ROE 12.2 %
- Face Value ₹ 1.00
CESC Target Price
The present price of the share is ranging between 135-138 Rs. per share. The P/E ratio of the share is 13.00. You may invest in this share with a target of Rs. 180-185 per share.
10. Equitas Small Finance Bank Ltd – List of Stocks to invest under 200
Equitas Small Finance Bank is a small finance bank founded in 2016 as a microfinance lender. The bank has its headquarters in Chennai, and is a subsidiary of holding company Equitas Holdings Ltd.
Equitas Small Finance Bank Ltd’s share prospects appear positive due to its focus on financial inclusion and the growing demand for banking services in untapped markets. The bank’s robust financial performance supports this outlook, with steady revenue growth, improving asset quality, and a strong capital adequacy ratio.
Fundamentals
- Market Cap ₹ 11,838 Cr.
- Current Price ₹ 104
- High / Low ₹ 116 / 53.0
- Stock P/E 15.2
- Book Value ₹ 46.4
- Dividend Yield 0.96 %
- ROCE 8.04 %
- ROE 12.2 %
- Face Value ₹ 10.0
Equitas Small Finance Bank Ltd Target Price
The present price of the share is ranging between 103-104 Rs. per share. The P/E ratio of the share is 15.2. You may invest in this share with a target of Rs. 135-138 per share.
Conclusion
Investing in midcap stocks priced under 200 Rs. can be an excellent way to diversify your portfolio and tap into the growth potential of emerging companies. The List of Stocks to invest under 200 is crafted after a thorough research. However, it’s essential to conduct thorough research and consider factors such as company fundamentals, industry trends, and market conditions before making investment decisions. Additionally, it’s advisable to consult with a financial advisor to ensure that your investment strategy aligns with your financial goals and risk tolerance. By investing wisely and staying informed, you can potentially unlock rewarding investment opportunities in the dynamic world of midcap stocks.
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