Stocks Under 500 Rupees in India

Stocks Under 500 Rupees in India

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calender.webp30 Mar 2026
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The stocks under 500 Rs refer to the shares of listed companies that usually trade at relatively low prices, typically below 500 per share. These shares usually belong to small or mid-sized firms with lower market capitalisation. Investors get attracted to share below 500 because of their affordable entry point and the potential for higher returns compared to large-cap stocks. The shares under 500 are selected by filtering listed companies based on their share price being below 500 and then analysing them further to understand their business fundamentals and market behaviour. The criteria used for selecting the best stock under 500 for long term generally include the current share price, market capitalisation, trading volume and liquidity. This article explores the stocks under 500 with the company’s overview.  

List of Stocks Under 500 Rs

Below is the list of stocks under 500 Rs that are commonly tracked in the Indian stock market: 

Company Name   

Sector   

Price   

Market Cap (Cr)   

P/E Ratio   

52-Week High   

52-Week Low   

ITC Ltd   

Finance – NBFC   

294.70 

3,69,306.08 

17.95 

444.20 

288.75 

NTPC Ltd   

Power Generation/Distribution   

375.65 

 

 

3,64,497.68  

15.08 

394.50 

315.55 

Oil & Natural Gas Corpn Ltd   

Oil Exploration and Production   

281.95 

3,54,700.97 

9.33 

293 

205   

Bharat Electronics Ltd   

Aerospace & Defence   

404.75 

 

2,95,863.30 

49.60 

473.45   

256.20 

Power Grid Corporation of India Ltd 

 

Power Generation/Distribution   

295.50 

 

2,74,739.84  

17.70 

322   

250 

Coal India Ltd   

Coal   

445.05 

 

 

2,74,333.85 

9.19 

476 

356  

Wipro Ltd   

 

Software & IT Services   

191.60 

2,00,800.66 

15.13 

273.55 

187 

Indian Oil Corporation Ltd   

Oil & Gas   

137.76 

 

 

1,94,520.06 

5.44 

188.96   

122.35 

Jio Financial Services Ltd   

Finance   

232.55 

 

 

 

 

1,47,678.78 

93.35 

338.60   

203.10  

Engineers India Ltd 

 

 

Engineering Services 

189.73 

10,661.94 

13.75 

255.45 

148.81 

   

Disclaimer: All the above information is accurate as of 30th March 2026. However, it is important to conduct research before making any investment decisions in these stocks. We do not recommend buying without thorough research and professional financial advice. Always consult a certified financial advisor to ensure the stocks align with your investment goals and risk tolerance.       

Table of Contents

  1. List of Stocks Under 500 Rs
  2. Overview of Stocks Under 500 Rs 

Overview of Stocks Under 500 Rs 

Stocks priced below ₹500 often include established companies. These companies operate across key sectors of the Indian economy. The sectors include power, oil and gas, financial services, defence, and information technology. Many of these companies have long operating histories. They also follow diversified business models. Below is a brief overview of selected stocks under ₹500. 

  1. ITC Ltd  
    ITC Ltd was incorporated in 1910. The company operates as a diversified conglomerate and it has a strong presence in the FMCG segment. It is also present in hotels, paperboards, and packaging. The company operates in agribusiness as well. Its business model focuses on branded consumer products, and these products are supported by integrated supply chains.  
     
  2. NTPC Ltd  
    NTPC Ltd was incorporated in 1975. The company operates in the power generation and distribution sector. It generates electricity at a large scale, and it also uses hydro, solar, and wind energy. The company supplies electricity to state utilities and its operations cover regions across India.  
     
  3. Oil & Natural Gas Corp Ltd   
    ONGC was incorporated in 1956. The company operates in the oil exploration and production segment. It is engaged in crude oil exploration and focuses on natural gas exploration. The company undertakes development activities. It is involved in the production of oil and gas.  
     
  4. Bharat Electronics Ltd 
    Bharat Electronics Ltd was incorporated in 1954 and operates in the aerospace and defence sector. Its business model focuses on designing, manufacturing, and supplying electronic systems and equipment primarily for defense and strategic applications.   
     
  5. Power Grid Corporation of India Ltd  
    Power Grid Corporation of India Ltd was incorporated in 1989 and operates in the power transmission segment. The company’s business model is centered on owning, operating, and maintaining interstate power transmission networks across the country. 
     
  6. Coal India Ltd  
    Coal India Ltd was incorporated in 1975. The company operates in the coal mining sector and is engaged in coal production activities. Coal is supplied to the power industry. The company also supplies coal to steel producers, and the cement industry is another key customer. Coal India supports a large share of India’s energy needs.  
     
  7. Indian Oil Corporation Ltd  
    Indian Oil Corporation Ltd was incorporated in 1959 and operates in the oil and gas sector. The company’s business model spans refining, pipeline transportation, and marketing of petroleum products across domestic and international markets. 
     
  8. Wipro Ltd  
    Wipro Ltd was incorporated in 1945 and operates in the software and IT services sector. Its business model includes IT consulting, digital transformation, cloud services, and enterprise technology solutions for global clients.  
     
  9. Jio Financial Services Ltd  
    Jio Financial Services Ltd was incorporated in 1999. The company operates in the financial services sector. It focuses on digital-led financial offerings, and it also provides lending solutions. It is active in payment services, and all the technology platforms support its operations. The company delivers integrated financial solutions. ns.
     
  10. Engineers India Limited 
    This company was founded in 1965 and is a Government of India enterprise under the Ministry of Petroleum & Natural Gas. It provides engineering consultancy, design, and EPC (Engineering, Procurement, Construction) services, mainly for oil & gas, petrochemicals, and infrastructure projects. The company operates both in India and internationally, supporting large-scale industrial and energy projects. 

FAQs on Stocks less than ₹500

Are stocks under Rs. 500 riskier investments?

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Stocks under Rs. 500 can be riskier due to market volatility and lower market capitalisation, but careful selection based on strong financial metrics can mitigate some risks. 

How can one identify stocks with good growth potential under Rs. 500?

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Look for companies with consistent sales growth, high ROE, significant promoter's ownership, a low debt-to-equity ratio, and a high Altman Z Score.

What role does promoter's ownership play in selecting stocks?

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Promoter's ownership over 50% signals strong commitment from the founders or major stakeholders, indicating confidence in the company's future prospects and stability.

How important is the debt-to-equity ratio for stocks under Rs. 500?

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A favorable debt-to-equity ratio of less than 1 indicates a balanced financial structure, reducing financial risk and enhancing sustainability.

Why is the Altman Z Score important for evaluating stocks?

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An Altman Z Score above 3 helps assess bankruptcy risk, providing added confidence in a company's financial stability and reducing the likelihood of future financial distress.

Can stocks under Rs. 500 provide good returns?

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Yes, stocks under Rs. 500 can provide good returns if chosen carefully based on strong financial health, growth potential, and favourable ownership and debt metrics.

Are there any mid-cap or small-cap stocks under ₹500 with good growth prospects?

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Yes, several companies in this price range show promising potential. A few to consider include:

  • Mazagon Dock Shipbuilders – With rising defence contracts, it's gaining investor attention.
  • IRFC (Indian Railway Finance Corporation) – Plays a key role in railway financing and is backed by the government.
  • Triveni Turbine – Known for its work in power generation and clean energy equipment.
  • Bharat Dynamics – A defence stock that could benefit from higher defence spending.
  • RVNL (Rail Vikas Nigam Ltd) – Involved in infrastructure development, especially in railways.

Always do your own research or consult a financial advisor before investing.

Which stocks under ₹500 offer steady dividends?

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If you’re looking for regular income, here are some companies known for paying dividends:

  • Coal India – Known for generous dividends and stable profits.
  • Hindustan Zinc – Pays out regularly, especially when commodity prices are strong.
  • REC Ltd & PFC Ltd – Both are government-backed and consistent with their payouts.
  • NMDC – A PSU in mining that shares a good portion of profits with shareholders.
  • Oil India – Offers attractive yields and operates in a relatively stable sector.

Can low-priced stocks turn into multibaggers over time?

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Definitely. A stock’s price doesn’t always reflect its future potential. Some of today’s under-₹500 stocks might deliver impressive returns in the coming years if they have:

  • A strong business model
  • Consistent growth in earnings
  • Good financials
  • Supportive sector trends

In the past, stocks like Tejas Networks and IRCTC were available under ₹500 before climbing sharply.

What are the risks associated with Stocks Under ₹500?

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Stocks under 500 are subjected to greater price fluctuation, since any slight fluctuation in the market mood can cause the price to shoot up. Some stocks can have business/sector related risk which can influence performance even with the reduced share price.

How to identify the stocks under ₹500?

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Stocks under 500 can be identified by filtering listed companies based on their current market price using stock screeners or a share market app.