Best Stocks Under Rs 200

Both a Red Bull energy drink and a Chai at Chaayos cost just under Rs. 200. But did you know that you can buy good stocks for less than Rs.200? You can choose from small-cap, mid-cap, or even large-cap stocks. You might be a new investor who wants to buy stocks with low prices or a trader who wants to make money on volume. You can make money with these best stocks under 200 rs.

Even though investors are very interested in stocks with such strong fundamentals, they are hard to find. A quick search on Screener shows that there are about 2,900 companies with share prices of less than Rs. 200. How do you pick companies that will make money out of this big group? What filters should you use? Revenue growth, profit, debt-to-equity ratio, or something else?

This article tells you about the top stocks below 200 rs. So let's get started without further ado.

Best Stocks Under Rs 200

We went into detail about stocks under Rs 200 above. Below is a list of more companies with below 200 rs best shares.

Overview of Best Stocks Below Rs 200

GMDC Ltd.

Gujarat Mineral Development Corporation (GMDC) Ltd. is a state-owned mining and mineral processing company that has been around since 1963. It is also India's second-largest company that makes lignite and is based in Ahmedabad

In 2017, GMDC was number 132 on India's list of the 500 largest companies by revenue. It is one of the top five Indian mining companies in market capitalization.

The company looks for minerals like manganese, silica sand, bauxite, lignite, ball clay, limestone, etc. Minerals are used in many fields, like making glass, ceramics, chemicals, treating water, drilling for oil, and more.

In addition to this, GMDC is also a big player in the energy industry. It has a large number of thermal power projects and also projects that use renewable energy (wind and solar power both).

Its stock price has increased 190% in the last year, giving investors a return of many times what they put in. This is due to strong growth in earnings.

EPL Ltd.

EPL is the largest specialty packaging company in the world. The Blackstone Group owns it. In August 2019, the global asset manager bought the company from the Essel Group of Companies. Midway through 2020, Blackstone cut almost a third of its stake, bringing it down to 51.91%.

EPL makes plastic tubes and dispensing systems with laminated plastic. These products are used in oral care, beauty and cosmetics, pharmaceuticals and health care, food and home care.

EPL has 20 plants in 12 countries around the world. Each year, they make 8 billion tubes for their 1200 clients. It has strong relationships with well-known MNCs and Indian companies like P&G, Colgate, Unilever, GSK, Reckitt Benckiser, Johnson & Johnson, Dabur, Emami, Himalaya, Patanjali, and more.

Ashok Leyland Ltd.

In 1948, Ashok Leyland began as a company called Ashok Motors. It is owned by Hinduja Group and is India's second-largest commercial vehicle maker. It is also the fourth-largest bus maker in the world and the 19th-largest truck maker.

This company, based in Chennai, has 7 factories in India and 2 factories in other countries. It has a wide range of products in the auto industry. It makes heavy commercial vehicles, light commercial vehicles, engines, and even vehicles for the military.

With its EV division, Switch Mobility, Ashok Leyland has also become a leader in the EV market. It has changed some of its models to electric cars. Switch Mobility recently showed off India's first double-decker electric bus. All 200 double-decker buses in Mumbai will be replaced by it.

But in the last two fiscal years, Ashok Leyland lost money because it had to pay a lot of interest on its debt. In a best-case scenario, the recovery of the auto cycle could make things better for the company with a lot of debt.

IEX

In June 2008, 63 Moon Technologies and the Power Trading Corporation of India came up with the idea for the Indian Energy Exchange (IEX). It is a place where people can buy and sell power using an electronic system. The Central Electricity Regulatory Commission oversees it.

It has become India's most important energy market because it offers an automated trading platform for the physical delivery of electricity, renewables, and certificates. Not only that, but IEX was also the first to trade electricity across borders.

It now has a network of more than 6,800 participants in India, including more than 500 distribution utilities and more than 500 traditional generators. The power exchange also has more than 4,400 commercial and industrial customers.

Over the years, its sales and profits have always gone up. The company has no debt and has paid out more than 55% of its income as dividends for the last two years.

Oil India Ltd.

Oil India Ltd. (OIL) is a company with Navratna status that was founded on February 18, 1959. It is the country's second-largest oil and gas company and is run by the Ministry of Petroleum and Natural Gas.

It has a big presence in all parts of the value chain for hydrocarbons. It owns and runs a number of facilities that are used to develop, produce, transport, and look for oil and gas fields. This makes it an integrated E&P company.

To diversify its non-E&P energy value chain, the company recently started working on city gas distribution projects. Furthermore, OIL has invested in renewable and alternative energy by constructing solar and wind farms.

Except for 2021, its net profit and sales have always gone up over the last 6 years. The stock has a high dividend yield of 4.85% and a low price-to-earnings ratio of only 2.81.

Conclusion

We talked about Top stocks under 200 rupees in this article. Even though it's good to know how much different companies' stocks are worth, you should choose stocks based on something other than their price. A good investor should look at the big picture.

This is not an investment advisory. The blog is for information purposes only. Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance, and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. The performance and returns of any investment portfolio can neither be predicted nor guaranteed.