Stocks under Rs 100 with a PE of less than 10 and a higher ROE
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 |
|
64.0 |
1,084.6 |
116.5 |
0.1 |
149.4 |
1.0 |
|
|
90.2 |
1,551.4 |
51.5 |
0.0 |
47.1 |
4.1 |
|
|
90.6 |
1,331.3 |
38.2 |
0.3 |
37.4 |
3.4 |
|
|
62.0 |
1,617.6 |
14.6 |
0.5 |
57.5 |
6.0 |
|
|
78.6 |
14,436.0 |
37.1 |
0.0 |
25.4 |
4.9 |
|
|
45.2 |
9,110.9 |
14.4 |
0.0 |
21.3 |
10.0 |
|
|
87.8 |
1,581.5 |
15.9 |
0.3 |
13.2 |
7.3 |
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7683.00 | -7.7 (-0.1%) |
| CAC 40 | 8028.28 | -63.58 (-0.79%) |
| DAX | 18007.31 | -81.39 (-0.45%) |
| Dow Jones | 38460.92 | -42.77 (-0.11%) |
| FTSE 100 | 8103.06 | 62.68 (0.78%) |
| Hang Seng | 17284.55 | 83.27 (0.48%) |
| US Tech Composite | 15717.75 | 16.11 (0.1%) |
| Nikkei 225 | 37628.41 | -831.6 (-2.16%) |
| S&P 500 | 5071.63 | 1.08 (0.02%) |
| Gift Nifty | 22612.00 | 242 (1.08%) |
| Shanghai Composite | 3052.90 | 8.08 (0.27%) |
| Taiwan Weighted | 19857.42 | -274.32 (-1.36%) |
| US 30 | 38094.80 | -287 (-0.75%) |
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