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Top Performing Stocks Under Rs.50 in 2024
Table of Contents
Introduction
Do you want to invest in affordable stocks but unsure which ones are good? No problem, we've got you covered! Our experts have handpicked the best stocks under Rs. 50 to take your value investing journey to the next level. Invest in these stocks to boost your gains and diversify your portfolio. Without any further ado, let’s dive into the details.
Things investors should consider before investing in the stock Under Rs 50 in 2024:
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Before investing in a stock, examine the company's financial stability by reviewing its profit, balance sheet, profit and loss statements, and cash flow.
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Assess the company's past performance, including its prices, volatility, and returns, to analyse its past track record.
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Gain insight into the industry in which the company operates to understand its competitive landscape and growth prospects.
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Determine your risk tolerance limit before investing to mitigate the risk of financial losses.
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Evaluate the company's future growth potential by analyzing its performance and strategic expansion plans.
Top 5 stocks under Rs. 50 in 2024:
1.Rana Sugars
Current Market Price (CMP): Rs. 22.20
Rana Sugars Limited is engaged in the manufacturing of sugar, ethanol, and co-generation of power. The company operates in two segments, which include Sugar, Power, and Distillery. In the sugar segment, it sells and manufactures sugar, molasses, and bagasse. Its sugar manufacturing facilities are located in Buttar (Punjab), Moradabad, and Rampur (Uttar Pradesh). In the Distillery segment, it sells and manufactures ethanol and liquor. Its Distillery manufacturing facilities are located in Laukaha (Punjab) and Belwara (Uttar Pradesh).
The company has delivered approximately 131% return to investors in the past three years and continues to report repeated profits.
2.Den Networks
Current Market Price (CMP): Rs. 49.6
DEN Networks Limited is a mass media and entertainment company involved in distributing television channels through a digital cable distribution network. The company gathers media content from various broadcasters across different genres. It entertains over 13 million households in India across 13 key states and 433 cities.
Over the past three years, the company has provided investors with approximately a 10% return. It is debt-free and has achieved impressive profit growth of 33.2% CAGR over the last 5 years.
3.Anmol India
Current Market Price (CMP): Rs. 42.2
Anmol India Limited is mainly involved in the coal import, coal trading, and coal supply industry. The company's product portfolio includes Indonesian Coal, United States of America (USA) High Gross Caloric Value (GCV) Coal, and USA Low GCV Coal. It operates in Gujarat, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh, Uttarakhand, and the Union Territory of Chandigarh.
Over the past three years, the company has provided investors with approximately an 11% return. It has reduced its debt and achieved impressive profit growth of 45.5% CAGR over the last 5 years.
4.Osia Hyper Retail
Current Market Price (CMP): Rs. 30.0
Osia Hyper Retail Limited is a supermarket operator that operates in various divisions, including menswear, women's wear, kid's wear, footwear, cosmetics, perfumes, handbags, household accessories, lingerie, gifts, groceries, crockery, handicrafts, utensils, handlooms, and others.
Over the past three years, the company has provided investors with approximately a 242% return. Additionally, it continues to report repeated profits.
5.KCP Sugars
Current Market Price (CMP): Rs. 36.6
K.C.P. Sugar and Industries Corporation Ltd is a sugar manufacturing company involved in the production of sugar, industrial alcohol, ethanol, bio-fertilizers, carbon dioxide, calcium lactate, and incidental cogeneration power. The company operates in segments including Sugar, Chemicals, Power & Fuel, Engineering, and Others.
Over the past three years, the company has provided investors with approximately a 148% return. Additionally, it has reduced its debt, and the stock is currently trading at 0.96 times its book value.
Top 5 best-performing stocks under Rs. 50 in 2024.
|
Stocks |
CMP (Rs.) |
P/E Ratio |
Mar. Cap. (Rs. cr.) |
|
Rana Sugars Limited |
22.20 |
6.60 |
341 |
|
DEN Networks Limited |
49.6 |
11.1 |
2,369 |
|
Anmol India Limited |
42.2 |
11.2 |
240 |
|
Osia Hyper Retail Limited |
30.0 |
24.1 |
354 |
|
K.C.P. Sugar and Industries Corporation Ltd |
36.6 |
8.29 |
415 |
Conclusion
These are our expert's top picks for stocks under Rs. 50 in 2024. These stocks have shown promising profitability in the past and are anticipated to perform even better in the future. However, we advise investors to assess their risk tolerance and carefully evaluate all factors before making any investment decisions to maximize potential gains. Research and understanding your investment preferences are key to success in the stock market.
Disclaimer: This Stock Analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
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Frequently Asked Questions
There's no single "best" stock under Rs. 50 as it depends on your investment goals and risk tolerance. However, our experts recommend considering these factors:
- Company Performance: Look for stocks with a history of profitability and growth potential.
- Industry Outlook: Invest in sectors with positive long-term trends.
- Financial Health: Analyze the company's debt levels and financial stability.
Here are some Top Performers under Rs. 50 (April 2024) to get you started:
- Rana Sugars (Profitable, Sugar Industry)
- Den Networks (Debt-Free, Media & Entertainment)
- Anmol India (Growing Profits, Coal Trading)
- Osia Hyper Retail (High Returns, Retail Sector)
- KCP Sugars (Debt Reduction, Sugar Manufacturing)
Remember: Do your research before investing. This list is for informational purposes only and shouldn't be considered financial advice.
Absolutely! While there's no single "best" stock, our experts recommend several under Rs. 50 with high past returns and growth potential. However, remember to do your own research before investing.
Wise investing involves looking beyond just price. Here are key factors to consider:
- Company Performance: Look for a history of profits and future growth potential.
- Industry Outlook: Invest in sectors with positive long-term trends.
- Financial Health: Analyze the company's debt levels and financial stability.
- Your Risk Tolerance: How much potential loss are you comfortable with?
A: Sure! Here are a few examples to get you started, but remember this isn't financial advice:
- Rana Sugars (Sugar Industry, Profitable)
- Den Networks (Media & Entertainment, Debt-Free)
- Anmol India (Coal Trading, Growing Profits)
- Osia Hyper Retail (Retail Sector, High Returns)
- KCP Sugars (Sugar Manufacturing, Debt Reduction)
Remember: Conduct your own research before investing. This list is for informational purposes only.
