Stocks Under 500 Rs in India

Investing in the stock market offers a viable option for progressive wealth accumulation, and you don’t always need a large budget to start. In 2023, there are several promising stocks priced below ₹500. This article will discuss 10 stocks in India under ₹500 based on their market capitalization and for investors by further addressing why to invest, demonstrating future projections of these stocks, and understanding the benefits and risks involved with these stocks.

What are Stocks Under 500 Rs?

Stocks priced under ₹500 are shares of firms that may be purchased for less than ₹500 apiece. These are often shares of small to mid-sized businesses that appeal to investors seeking growth potential at a cheaper investment cost. They give an option to purchase additional shares and perhaps profit more if the stock's value increases.

List of Stocks Under 500 Rs

Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices.
 

Overview of Stocks Under 500 Rs

Below is the overview of the 10 stocks under ₹500. Have a look before making any investment:

ITC Ltd

ITC Ltd. is an Indian multinational conglomerate with diversified business interests in sectors like FMCG, hotels, paperboards, packaging, agribusiness, and IT. Headquartered in Kolkata, ITC is renowned for its strong presence in the tobacco industry and its growing footprint in sustainable and eco-friendly products.

Get more details about ITC Limited share price today here.

Know the ITC Limited share price history here. 

NTPC Ltd

NTPC Ltd, or National Thermal Power Corporation, is India's largest power generation company, established in 1975. It primarily generates electricity through thermal, hydro, and renewable energy sources, playing a crucial role in meeting the country’s energy needs. NTPC is committed to sustainable practices and reducing its carbon footprint.

Get more details about ntpc share price today here.

Know the ntpc share price history  here.

Oil and Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation Ltd. (ONGC) is a state-owned oil and gas exploration and production company, founded in 1956. It is the largest producer of crude oil and natural gas in India and plays a vital role in the country’s energy security. ONGC is also involved in renewable energy initiatives to diversify its portfolio.

Get more details about Oil and Natural Gas Corporation Ltd share price today here.

Know the Oil and Natural Gas Corporation Ltd share price history  here. 

Power Grid Corporation of India Ltd.

Power Grid Corporation of India Ltd. is a government-owned corporation responsible for transmitting electricity across India. Established in 1989, it operates the country’s largest transmission network, ensuring reliable power supply. The company also invests in technology and infrastructure to enhance grid efficiency and stability.

Get more details about Power Grid Corporation of India Ltd share price today here.

Know the Power Grid Corporation of India Ltd share price history here.

Coal India Ltd

Coal India Ltd is a state-owned coal mining company and the largest producer of coal in India. It operates multiple coal mines across the country, supplying fuel to power plants and various industries. The company plays a crucial role in meeting India's energy demands and supporting economic growth.

Get more details about Coal India Ltd share price today here.

Know the Coal India Ltd share price history here.

Indian Oil Corporation Ltd.

Indian Oil Corporation Ltd. (IOC) is India’s largest oil refining and marketing company, established in 1959. It operates a vast network of refineries, pipelines, and fuel stations, providing a wide range of petroleum products. IOC is committed to sustainable practices and diversifying into renewable energy sources.

Get more details about Indian Oil Corporation Ltd share price today here.

Know the Indian Oil Corporation Ltd share price history here. 

Zomato Limited

Zomato Ltd is a leading food delivery and restaurant discovery platform, founded in 2008 in India. It connects customers with local restaurants, offering online food ordering, reviews, and restaurant listings. Zomato aims to enhance dining experiences while expanding its services globally.

Get more details about Zomato Limited share price today  here.

Know the Zomato Limited share price history here.

Jio Financial Services Limited

Jio Financial Services Ltd. is a part of the Jio Group, focusing on digital financial solutions in India. Launched recently, it aims to provide a range of services, including digital payments, loans, and investment products, leveraging technology to enhance accessibility and customer experience. The company aims to drive financial inclusion across the country.

Get more details about Jio Financial Services Limited share price today here.

Know the Jio Financial Services Limited share price history here. 

Bharat Electronics Ltd.

Bharat Electronics Ltd. (BEL) is a state-owned aerospace and defense company, established in 1954. It specializes in manufacturing advanced electronic products and systems for defense and civilian applications. BEL plays a key role in enhancing India’s defense capabilities and technological advancements.

Get more details about Bharat Electronics Ltd. share price today here.

Know the Bharat Electronics Ltd. share price history  here. 

Tata Steel Limited

Tata Steel Ltd., part of the Tata Group, is one of the largest steel producers in India, established in 1907. It operates multiple steel plants and is committed to sustainable practices, innovation, and quality. The company plays a significant role in various sectors, including construction, automotive, and infrastructure.

Get more details about Tata Steel Limited share price today here.

Know the Tata Steel Limited share price history here.

Key Factors Considered for Stock Selection

Here are some of the key factors to consider while selecting the stocks under ₹500

1. Sustained sales growth over the past five years is a key factor in evaluating companies, indicating consistent performance and potential for future expansion.
2. A strong return on equity (ROE) of 15% or higher is essential, reflecting a company's ability to generate favorable returns for its shareholders.
3. Promoter's ownership of more than 50% of the company's shares is preferred, as it demonstrates a firm commitment from the company's founders or major stakeholders.
4. A favorable debt-to-equity ratio of less than 1 is sought, indicating a balanced and sustainable financial structure.
5. To mitigate the risk of bankruptcy, each company's Altman Z Score should exceed 3, providing added confidence in avoiding bankruptcy-related issues in the near future.
    

Conclusion
Overall, these stocks are investing heavily in capital expenditures to boost sales. All of these firms have good balance sheets and return ratios, so their stocks may do well in the long run. If you want to invest in any of them, you should conduct your own research and carefully consider your risk-return profile. Finally, for all this, you need a reliable stock market app for your investment needs.