Stocks under Rs 100 with a PE of less than 10 and a higher ROE

Stocks under Rs 100 with a PE of less than 10 and a higher ROE

by 5paisa Research Team Last Updated: Jun 17, 2022, 12:59 PM IST

Markets have been trending downwards for long and present opportunities to accumulate quality stocks available for a bargain. Read on to find out more about such stocks.

Nifty 50 on June 16, 2022, ended the day with a big red candle that was accompanied by higher volumes. This shows that weakness is here to stay.

Moreover, it did breach its crucial support levels placed at 15,700 and 15,400 levels. These levels would now act as resistance to the Nifty 50.

At the time of writing, Nifty 50 was trading at 15,257.45, down 103.15 or 0.67%. Benchmark indices are outperforming broader market indices.

Nifty Mid-Cap and Nifty Small-Cap indices are down by 1.15% and 0.95%, respectively. Globally, the fear of recession is gripping the US market with all the major US indices ending the session in red.

Moreover, rising interest rates as a result of alarming inflation numbers are major attributes towards selling pressure from Foreign Portfolio Investors (FPI). Moreover, even mutual funds are now gradually increasing their cash portion.

However, the current negative tone of the market should be looked at as an opportunity to accumulate quality stocks that are available at bargains. In this article, we have identified stocks that are trading below Rs 100, having a lower price to earnings (PE), higher Return on Equity (ROE) and lower debt to equity ratio.

Following is the list of quality stocks with current price less than Rs 100, PE of less than 10 and higher ROE.

Name 

CMP (Rs) 

Market Cap (Rs Crore) 

Earnings Yield (%) 

Debt to Equity 

ROE (%) 

P/E 

Elpro International Ltd. 

64.0 

1,084.6 

116.5 

0.1 

149.4 

1.0 

Manali Petrochemicals Ltd

90.2 

1,551.4 

51.5 

0.0 

47.1 

4.1 

Max Ventures and Industries Ltd. 

90.6 

1,331.3 

38.2 

0.3 

37.4 

3.4 

Indo Rama Synthetics (India) Ltd 

62.0 

1,617.6 

14.6 

0.5 

57.5 

6.0 

National Aluminium Company Ltd

78.6 

14,436.0 

37.1 

0.0 

25.4 

4.9 

Brightcom Group Ltd

45.2 

9,110.9 

14.4 

0.0 

21.3 

10.0 

Sunflag Iron & Steel Company Ltd. 

87.8 

1,581.5 

15.9 

0.3 

13.2 

7.3 

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
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SENSEX
53,018.94
-8.03 (-0.02%)
Nifty 50
15,780.25
-18.85 (-0.12%)
Nifty Bank
33,425.10
155.20 (0.47%)

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