Top 5 Stocks Under Rs.500

While starting your journey in the stock market you don’t need to spend a lot of money. We the 5paisa Research team have selected a list of stocks that have a price of less than Rs.500 per share, which have a very good potential to grow in the time ahead. The stocks which are mentioned in the list are chosen after analyzing price trends, news, speculation, and fundamental analysis.

1. Gujarat Gas Ltd.

About the company: Gujarat Gas Limited is an Indian natural gas distribution company, owned by Gujarat State Petroleum Corporation. Established in 1980, and headquartered in Ahmedabad, the company operates primarily in Gujarat. It is India's largest city gas distribution (CGD) company. 

3 Yrs Change % vs Nifty50: Gujarat Gas Ltd. is up 172.85% vs Nifty50 at 40.26%.

Positives: Mutual Funds have Increased Holdings in Past Month, Company with Low Debt, Zero Promoter Pledge

Negatives: ROE declining.

 

2. Hindalco Industries Ltd.

About the company: Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. A USD16.7 billion metals powerhouse, Hindalco is the world's largest aluminium rolling and recycling company, and a major player in copper. It is also one of Asia's largest producers of primary aluminium. 

3 Yrs Change % vs Nifty50: Hindalco Industries Ltd. is up 79.46% vs Nifty50 at 32.05%.

Positives: Consistent high returns over 5 years, high TTM EPS growth, FII/FPIs increasing their shareholdings.

Negatives: ROE declining.


3. Jindal Steel & Power Ltd.

About the company: Jindal Steel and Power Ltd (JSPL) is one of India's major steel producers with a significant presence in sectors like mining, power generation, and infrastructure. JSPL is a part of the USD 18 billion diversified O. P. Jindal Group and is consistently tapping new opportunities by increasing production capacity, diversifying investments, and leveraging its core capabilities to venture into new businesses.

3 Yrs Change % vs Nifty50: Jindal Steel & Power Ltd. is up 106.25% vs Nifty50 at 32.05%.

Positives: Consistent Highest Return Stocks over Five Years, ROE improving since last 2 year

Negatives: High promoter stock pledges, Book Value Per Share deteriorating for last 2 years

 

4. Ajanta Soya Ltd.

About the company: Ajanta Soya Ltd. (ASL) is engaged in the primary business of manufacturing Vanaspati and various kinds of cooking oil with shortening products for a bakery like biscuits, puffs, pastries, and others. The company has focused on continuous expansion, across business verticals to consolidate, and its industry leadership over the years. ASL is promoted by a well-established group that has a proven track record in the fields of cooking oils.

3 Yrs Change % vs Nifty50: Ajanta Soya Ltd. is up 925.2% vs Nifty50 at 32.05%.

Positives: Consistent High Return Stock over Five Years, Strong Annual EPS Growth

Negatives: Decline in Quarterly Net Profit with falling Profit Margin (YoY)

5. Zydus Lifesciences Ltd.

About the company: Zydus Lifesciences Limited, formerly known as Cadila Healthcare Limited, is an Indian multinational pharmaceutical company headquartered in Ahmedabad, which is primarily engaged in the manufacture of generic drugs. It ranked 100th in the Fortune India 500 list in 2020. Cadila Healthcare operates as an integrated pharmaceutical company with business encompassing the entire value chain in the research, development, production, marketing, and distribution of pharmaceutical products. 

3 Yrs Change % vs Nifty50: Zydus Lifesciences Ltd. is up 43.12% vs Nifty50 at 32.05%.

Positives: Strong  Annual EPS Growth, Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter.

Negatives: Declining profits for the past 2 quarters.

List Of Shares Below ₹500

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