Chennai Investment:Top Performing Stocks Under 50 Rs. in 2024

Top Performing Stocks Under 50 Rs. in 2024

Stocks under 50 Rs. are considered as Penny stocks in the share market. These stocks under 50 Rs. are suitable for novice investors who trades at a moderate budget.

Investing in Stocks under 50 Rs. would help investors to make profit as these stocks have potential to grow in future but at the same time, these stocks are risky too.

Here, you can explore top performing stocks under 50 Rs. with below parameters like market capitalization, PE ratio, 1 year return, 1 month return, total debt and return on equity.

It is advised that the investors must determine their own risk appetite and conduct an in-depth research well before any investments.

The success of trading and investment in the Indian Stock Market depends on the stock selected. Choosing the best stock will enable them to make a desirable return at a calculated risk. The success and failure of trading is decided by the stocks that we trade. Hence, its crucial for traders and investors to make a well-informed decision. Traders and Investors are advised to make in depth analysis of the stock before any investment.

These performing Stocks under 50 Rs. are gathered based on the stock’s market capitalization between Rs. 5000 crores to Rs.1000000 crores with PE ratio of 0-50. They are ranked on market capitalization from highest to lowest.

Stock Name

Sub Sector

Market Capitalization in Crores

Closing Price as on 20.01.2024

PE Ratio

Indian Overseas Bank

Public Banks

83548.66

Suzlon Energy Ltd

Renewable Energy Equipment & Services

58336.53

UCO Bank

Public Banks

49497.67

Punjab & Sind Bank

Public Banks

30601.71

IRB Infrastructure Developers Ltd

Construction & Engineering

28322.91

Stocks under 50 Rs. which have made good 1 year return with PE ratio between 0 -50 and market capitalization between Rs.5000 crore to Rs.1000000 crores

Stock Name

Sub Sector

Market Capitalization in Crores

Closing Price as on 20.01.2024

PE Ratio

1 Year Return %

Suzlon Energy Ltd

Renewable Energy Equipment & Services

58336.53

333.68

South Indian Bank Ltd

Private Banks

6435.18

IRB Infrastructure Developers Ltd

Construction & Engineering

28322.91Chennai Investment

Punjab & Sind Bank

Public Banks

30601.71

Indian Overseas Bank

Public Banks

83548.66

Stocks under 50 Rs. which has high 1 month return

Stock Name

Sub Sector

Market Capitalization in Crores

Closing Price as on 20.01.2024

1 Month Return %

Alok Industries Ltd

Textiles

15,417.07

Reliance Power Ltd

Power GenerationKanpur Stock

11,338.27

Trident Ltd

Textiles

23021.53

Infibeam Avenues Ltd

IT Services & Consulting

7,316.24

Jaiprakash Power Ventures Ltd

Renewable Energy

10,931.27

Shares below 50 rupees with the market capitalization within Rs.5000 crores and Rs.1000000 crores with highest daily volume .

Stock Name

Sub Sector

Market Capitalization in Crores

Closing Price as on 20.01.2024

Daily Volume

Yes Bank Ltd

Private Banks

71,760.13

29,07,89,131.00

Reliance Power Ltd

Power Generation

11,338.27

13,07,12,010.00

Suzlon Energy Ltd

Renewable Energy Equipment & Services

58336.53

13,02,71,353.00

Alok Industries Ltd

Textiles

15,417.07

6,39,05,789.00

IRB Infrastructure Developers Ltd

Construction & Engineering

28322.91

4,89,32,409.00

Stock Name

Sub Sector

Market Capitalization in Crores

Closing Price as on 20.01.2024

PE Ratio

1Y Return

1 Month Return %

Indian Overseas Bank

Public Banks

83548.66

Suzlon Energy Ltd

Renewable Energy Equipment & Services

58336.53

333.68

UCO Bank

Public Banks

49497.67

IRB Infrastructure Developers Ltd

Construction & Engineering

28322.91

South Indian Bank Ltd

Private Banks

6435.18

Punjab & Sind Bank

Public Banks

30601.71

Jayaswal Neco Industries Ltd

Iron & Steel

4,442.32

Alok Industries Ltd

Textiles

15,417.07

-17.51

121.53

Reliance Power Ltd

Power Generation

11,338.27

-24.08

111.07

Trident Ltd

Textiles

23021.53

Infibeam Avenues Ltd

IT Services & Consulting

7,316.24

Jaiprakash Power Ventures Ltd

Renewable Energy

10,931.27

197.24

121.53

Yes Bank

Private Banks

71,760.13

IFCI Ltd

Specialized Finance

7,829.84

-37.68

140.45

Vodafone Idea Ltd

Telecom Services

73,506.33

104.05

RattanIndia Power Ltd

Power Generation

5,638.69

171.79

Lloyds Steels Industries Ltd

Industrial Machinery

4,980.62

Hindustan Construction Company Ltd

Construction & Engineering

4,894.65

-175.81

Jaiprakash Associates Ltd

Conglomerates

4,712.82

-14.09

Lloyds Enterprises Ltd

4,454.99

318.66

-13.21

IOB is a public sector bank provides services like domestic deposits and advances, overseas operations and treasury operations and investments. IREDA signs MoU with IOB to support renewable energy projects in India.

IOB: Stock Analysis

Stock is 4.55 times as volatile as Nifty. IOB’s PE ratio is 39.71 indicating that the price to intrinsic value is 0.943, indicating that the stock is undervalued and is good for investment. Book value of the share for Time to market is 4.31 with year-on-year change to be increasing by 14.37% indicating that the book value is trending up in last 3 years. But the total shareholder’s return is poor to 33.33 and its price to book ratio of 4.31 suggesting that the stock is very expensive in comparison with book value.

Excellent quarter on quarter EPS growth. Annual net profit in last three years is increasing up. EBITDA is found to be trending up for last 3 years. ROE of 11.80% is appreciableAgra Wealth Management. Company has achieved a Net Margin of 10.89%.

But the dividend yield is 0%, Earnings yield is low at 2.74 %. In the last three years, company’s net margin and ROA is found to be very less.

The quarter on quarter is trending up in total sales and net profit by 24.43%. In year-on-year basis, net sales have increased. Quarter sales in increasing in the last 5 years.

Current ratio is calculated to be excellent of 128.18. Company’s liquidity has improved. But the quick ratio indicates that the company is unable to generate cash to support business.

Suzlon Ltd. with its subsidiaries manufactures and sells wind turbine generators and related components in India and overseas.

Its Q2FY24 quarterly results has announced that they have established a net debt free balance sheet following the successful completion of QIP. Total revenue for the quarter is of Rs.1417 crore.

Suzlon Energy: Stock Analysis

Book value is increasing. Total shareholder’s return value index is 19.44 indicating its status to be very poor. Price to intrinsic value is 2.55 indicating that the stock to be expensive. Enterprise value to EBITDA is 53.74 indicating that the stock is very expensive. Also, the price to book ratio is 50.79.

Net profit margin and operating profit margin has turned to positive numbers. RoCE is 96.11 indicating its strength. Strong RoE of 56.36%.

Also, the annual net profit has increased in the past 3 years. EBITDA is soaring continuously in last 3 years. But the dividend yield is 0%.

It is observed that the company’s total assets are decreasing for last 3 years which is a big negative for the company. Also, its debt burden is high of 1.75. But they are trying to pay their debt on yearly basis.

A public sector financial institution which provides financial services in India and overseas. It accepts deposits, maintains salary accounts, forex dealings, and also provides various types of advances. UCO banks with its brain child ‘UCO Empower’ aim to fuel growth in MSME sector by supporting and promoting entrepreneurship.

UCO Bank: Stock Analysis

Price to Intrinsic vale is 0.819 indicating that the stock is undervalued and good to buy. Book value in the last three years in increasing. Annual net profit margin and EBITDA is increasing in the last 3 years. but its dividend yield % is 0, earning yield is low at 3.36% and its RoA is not well in the past 3 years.

In sales, the net sale on year-on-year basis has increased multifold to 28572.57%. It has shown positive annual sales with its Total assets increased steadily.

In liquidity, cash ratio is 5.46 and its liquidity has increased.

A public sector bank involved in financial services like treasury, operations, corporate banking, retail banking and other banking operations.

Punjab & Sind Bank: Stock Analysis

The company’s price to intrinsic value undervalued to 0.252 indicating that the stock is good to buy. In profitability, over the past 3 years, its annual net profit, EBITDA has trending up. Its net profit margin is 13.12% is appreciable. Earning yield is low at 3.63%, and over the past 3 years, RoA is not good.

In sales, the company has reported a year-on-year net sale growth of 31429.87%. Also, in the last 3 years, its quarterly sales and total assets are steadily increasing. Its Debt burden is within the limits of 0.597. But its interest coverage ratio is negative to -1.63.

IRB involves in business of construction, development, operation and maintenance of roads and highways on build, operate, transfer basis in India. It operates in two divisions; one is toll operate and transfer projects and other is construction.

IRB Infrastructure Developers: Stock Analysis

Stock is undervalued with a price to intrinsic value of 0.732. But its shareholder’s return rate score is low to 26.39. Over the last 3 years, EBITDA is positive. But the dividend yield is low to 0.370% and its RoA is also decreasing in the last 3 years. In sales, quarterly reports indicate sales and total assets it to be positive for the past 5 year.

In ratios, the debt recovery ratio has lowered in the last 5 years.

These stocks under 50 Rs. will enable beginners to expose to the trading market at less riskGuoabong Stock. However, it is essential for the investors and traders to conduct in depth research before investing in these stocks under 50 Rs.

Visit Enrich Money for more information and stock analysis, to invest in stocks under 50 Rs., utilize their free demat account with no annual charges.

Is it advisable to invest in stocks under 50 Rs.?

If you follow a value investing approach, considering the potential future returns based on a company’s prospects, investing in stocks under 50 Rs. might align with your investment goals.

Where can I obtain information about stocks under 50 Rs.?

You can find details about a stock’s fundamentals and other relevant information on the Enrich Money platform.

If I choose to invest in a stock under 50 Rs., can I expect its price to appreciate?

The likelihood of price appreciation depends on the company’s fundamentals and growth potential. Thorough research is crucial before making any investment decisions.

Is there a specific time for buying shares or conducting a trade?

Yes, you can only engage in trading on weekdays between 9:15 a.m. and 3:30 p.m. However, after these trading hours, you have the option to place After Market Orders (AMO).

Is investing in stocks under 50 Rs. risky?

Investing in stocks under 50 Rs. carries significant risk, and it is not recommended unless you possess comprehensive knowledge and expertise in this area.

Simla Investment