stocks under 500: Currently there are about 675 such stocks which are running at less than 500 rupees. These stocks have given more than 100% returns in a year.
Investors in the stock market have received considerable returns in the last one year. There are about 675 stocks that are trading at less than 500 rupees. The special thing is that these stocks have given 100% returns since April last year. Subex has been the highest-grossing share in this list with 1,330% return. The stock was at Rs 3.86 on 27 April last year, which reached Rs 55.20 on 26 April this year.
On the other hand, the BSE Sensex has gained 52 per cent in the same period. According to market analysts, persistent buying by foreign institutional investors (FIIs) amidst uncertain situation created by the Kovid-19 pandemic and steps taken by the RBI and the government regarding liquidity has helped the domestic market to climb.
Other Top Gainers
Companies like Hexa Tradex, RRIL, Standard Batteries, Bihar Sponge, JK Enterprises and Garware Synthetics have also given over 1,000 per cent return on investment. A 1,000% return means that if you had invested Rs 10,000 in these shares, then within 12 months, this money would have changed to Rs 1 lakh.
Everest Canto Cylinders has given 823%, CG Power 724%, Xpro India (640%), Borosil Renewables (541%), Magma Fincorp (529%) and Jindal Steel & Power giving 437%. At present, there are about 1,950 stocks on the BSE, which are trading at less than 500 rupees.
You can bet on these stocks
IDFC First Bank
Angel Broking has advised to buy this company with a target price of 77 rupees. IDFC First Bank is running much cheaper than its historical average valuations.
NRB bearings
Angel Broking expects a 40 per cent jump in NRB bearings with a target price of Rs 150. According to the brokerage, NRB is the main supplier of bearings to auto companies. The company supplies bearings to two-wheelers, PV, CV, three-wheelers and tractors OEMs and has a large customer base.
Federal Bank
Federal Bank is one of the largest private sector banks in India of the older generation. Its total assets are Rs 1.9 lakh crore and its deposit base is Rs 1.56 lakh crore and loan book is Rs 1.2 lakh crore. Its NPAs have remained stable over the years. Angel Broking has given a target price of Rs 110 for this.
Ashok leyland
The brokerage house has set a target price of Rs 145 for this. The brokerage house says, “We believe that the company will take advantage of the return of growth in the commercial vehicle segment. At the same time, it will also get the benefit of the government’s voluntary scrap policy. ”
ITC
Global financial services firm CLSA has given a target price of Rs 275 for ITC. CLSA stated, “The volume of the legitimate cigarette industry has dropped significantly in 2020–21 during the Kovid era. Due to the low base, its volume is expected to increase in 2021-22. However, Kovid’s restrictions may curb recovery. Our buy call incorporates K-shaped recovery in other FMCG segments. ”
