New Delhi: A pack of 1 KG tea usually costs around 200 but have you ever wondered if you could invest in the stock market and buy shares for less than the cost of a tea pack? In recent times, people are aggressively entering into the stock market, majorly because of their personal financial growth. Most of the people knocked on the doors of the Indian bourses during Covid-19 times and now are participating in it actively.
For beginners thinking of commencing their investing journey through the Indian stock market, it gets tiring and confusing as to what kind of stocks should they invest in or what rate of returns they must be getting. If you are a finance enthusiast or somebody who is budget-conscious and looking for tips on where to start their investing journey in India, you have come to the right place.
This article has listed some of the best stocks to buy for less than Rs 200 in India. However, before exploring the financial markets, an individual must review a few factors to ensure that they are taking informed decisions, which suit their investing goals best.
Factors to take note of before finally investing in the stock market
1. Analyze your financial goals and risk tolerance to know which kind of stocks fit best for your investment strategy.
2. Go through the company’s financial health and check thoroughly its key financial metrics such as revenue growth and return on equity.
3. Look for the market trends and the kind of strategies that industry experts draw for beginners to practice.
Read more – Firm announces highest ever dividend in FY23, sees stable Q4 numbers
Best stocks under 200 to go for in India this year
1. Bharat Electronics Ltd.
BEL started in 1954 in alliance with CSF, France (now, Thales), and has a long history and commitment to meeting the specialised electronic equipment requirements of the Indian Defence services. The company has a market capitalisation of about Rs 68,054 crore and its Return on Equity (ROE) is 20.52 per cent with a market price of Rs 126.25.
2. GAIL (India) Ltd
Gas Authority of India Ltd, established in 1984, is a public sector undertaking under the ownership of Petroleum and Natural Gas, Govt of India. The centrally owned firm owns an impressive network of pipelines and LPG gas-processing units along with a petrochemical facility. Its market cap stands at Rs 69,104 cr. GAIL’s share provides 20.84 per cent of Return on Equity and its market price is Rs 115.80.
3. Punjab National Bank
India’s first swadeshi bank, Punjab National Bank has been serving the country’s banking and financial needs for over a long period now. A public sector bank headquartered in New Delhi has a market capitalisation of Rs 69,104 cr. The price of its share is even lower than the cost of a bar of chocolate at Rs 60. Its Return on Equity (ROE) is 4.04 per cent.
(Written by- Mahek Nigam)
