Best Stocks Under 50 Rs in 2024

Exploring the best stocks under 50 rs in the stock market is essential. It is one of the potential assets for budding investors who are capable of a minimum amount of money. These under 50 stocks have the capability of growing in the coming days. But before investing, Investors need to decide and know the risks behind it and do a thorough research before getting into investing it. 
 

Top Stocks Under 50 Rs

Here's a list of some of the best stocks priced under 50 Rs. 

Company Name

Industry

CMP in Rs

Market Cap in Cr

52 week high

52 week low

South Indian Bank Ltd

Private Sector Bank

27.9

Rs 7,299

Rs 36.9

Rs 16.23

Trident Ltd

Other Textile Products

38.9

₹ 19,834

₹ 52.90

₹ 31.60

Century Extrusions Limited

Aluminium, Copper & Zinc Products

21.9

Rs 176

32.4

9.50

Yes Bank Ltd

Private Sector Bank

23.8

Rs 74,697

32.85

14.1

Anmol India Ltd

Trading Coal

36.2

Rs 205

68

30.0

KCP Sugars

Sugar

46.4

Rs 527 

54.00

24.20

Reliance Power Ltd

Power Generation

29.9

Rs 9,858

34.45

13.80

 

Disclaimer: Disclaimer - The above information is accurate as of 21st June 2024. It is further necessary to conduct prior research before making any investment in these stocks.
 

 

Overview of Stocks Under 50 Rs

Here are the overview of the stocks under 50 Rs: 

South Indian Bank Ltd 

In 1929, South Indian Bank obtained its registration under the Companies Act. On January 29, 1929, it opened for business in Round South, Thrissur. On August 7, 1946, it was added to the Reserve Bank of India's second schedule and designated as a scheduled bank thereafter. 

  • The company has offered 10.29% returns in the last one year.
  • Its TTM P/E ratio is 5.69, compared to the sector P/E of 8.80.
  • Net profit of the company stands for the last quarter at 287.33 Crores.

Trident Ltd

On April 18, 1990, Trident Limited, formerly Abhishek Industries Limited, was formed. As a result, on April 18, 2011, the company renamed itself Trident Limited from Abhishek Industries Limited.

  • The company’s P/E ratio is 56.8.
  • Trident reported a net profit of 59 Crores in its last quarter.
  • Trident has a promoter holding of 72.94% and a public holding of 22.13%.

Century Extrusions Limited 

The company was founded in 1988 and is run by the late Shri M. P. Jhunjhunwala, a first-generation businessman. It is one of the biggest aluminium extrusion manufacturers in India.

  • TTM P/E ratio of the company stands at 24.3.
  • The company reported a net profit of Rs. 7 Crores in the last quarter.
  • Promoter holding stands at 52.04%, with public holding at 47.96%.
  • FII holding in Century Extrusions was 0.14% as of 31 Mar 2024, down from the previous quarter.

Yes Bank Ltd

On November 21, 2003, Yes Bank Limited was established. Rana Kapoor started the bank. On January 21, 2004, the Bank received a certificate stating that it had opened for operation. They entered the retail banking market in 2005 when they partnered with MasterCard International to provide the International Gold and Silver debit card.

  • The TTM P/E ratio of the company is 58.1.
  • Net profit in the last quarter is 467 Crores.
  • The current return on equity stands at 3.23.

Anmol India Ltd

Anmol India Limited was first established in Shillong as a private limited company under the name "Anmol India Private Limited" on April 3, 1998.

  • The company reported a net profit of 4.45 Crores in the last quarter.
  • Promoter holding stands at 57.08%, while public holding is at 42.92%.
  • The return on equity of the stock stands at 23.3 %.

KCP Sugars

KCP is an 80-year-old, multi-industry corporate firm with holdings in cement, heavy engineering, sugar, power, and hospitality. Its annual revenue exceeds 250 million USD. Its nine production facilities are spread throughout different regions of Vietnam and India. Sri V, the company's founder, established KCP in 1941 as a modest cooperative sugar mill.

  • The company's trailing twelve-month (TTM) P/E ratio is 8.87.
  • In the last quarter, KCP Sugars & Industries Corp reported a net profit of Rs. 12 Crores.
  • The return on equity of the firms stands at 14.7 

Reliance Power Ltd

Reliance Delhi Power Private Limited replaced Bawana Power Private Limited, the company's original name when it was formed on January 17, 1995. In March 2004, it changed its name to Reliance Energy Generation Limited, and in July 2007, it became Reliance Power Limited.

  • The stock has gained 103% over the last one year.
  • The operating profit in FY24 is Rs. 1,157 crores.
  • The promoter holding stands at 23.24%, with a public holding of 65.57%.
     

Debt free Penny Stocks Under Rs 50

Here are some debt free penny stocks under Rs 50.

Name

Sub-Sector

Current Price

PE Ratio

Brightcom Group Ltd

Advertising

Rs. 9.38

1.34

Rajnish Wellness Ltd

FMCG – Personal Products

Rs. 5.90

440

Bartronics India Ltd

IT services and consulting

Rs. 18.1

260

Mangalam Industrial Finance Ltd

Non-banking financial services 

Rs. 4.48

2,560

Swiss Military Consumer Goods Ltd

Diversified consumer products

Rs. 26.2

62.7

IL & FS Investment Managers Ltd

Asset Management

Rs. 12.8

39.8

Vakrangee Ltd 

Financial Services

Rs. 23.92

636

Disclaimer: The above information contains data updated as of 21st June 2024. However, it is important to conduct thorough research before making any investment decisions in these stocks. 
 

Selection Criteria for the Stocks Under Rs 50

Market price, capitalisation, and debt-to-equity ratio determine a stock's value and quality, providing insights into a company's financial health and growth potential.

Market price and Significance:

Market price is what a stock is worth right now. It goes up and down based on how many people want to buy or sell it, what investors think about it, and market trends. A low price might mean the stock is not noticed much or worth more than people think. A high price might mean it's worth too much and could go down later.

Understanding Market Capitalisation:

Market cap which is also known as market capitalisation means a company size and the reputation in the market of a particular company. It is calculated by multiplying the overall number of outstanding shares by the market price of a company's shares at the time of calculation. Increased market capitalisation makes a company, a well-established one and has the eye of investors and improving liquidity.

The Debt-to-Equity Ratio:

This financial metric compares a company's total debt to its shareholders' equity, indicating the proportion of debt and equity used to finance operations and investments. A low ratio denotes a more cautious approach and higher financial stability, whereas a high ratio indicates excessive debt financing and increased risk.

A stock's quality and value are assessed using a number of important criteria in addition to basic considerations.

  1. Competitive advantage: Competitive advantage: Companies which have a competitive advantage have special strengths which help them do well and create a value for investors over a long time.
  2. Dividend yield: This measure of return on investment, which may be of interest to income-oriented investors, is calculated by dividing a company's yearly dividend per share by its current market price per share.
  3. Historical stock performance: By providing insightful information about a company's previous trends, price changes, and volatility, historical stock performance helps investors make informed decisions about future growth prospects and potential anomalies.

Investors should make well informed decisions by looking into the stocks's financial metrics, industry trends, and thier company prospects. This meaningful approach helps mitigate risks and identify opportunities which should be aligned with your investment goals and risk tolerance.
 

Conclusion
This article provides the investors the possibilities of purchasing stocks under rs. 50. It shows which stocks are under 50 rs and thier categories which includes banking, infrastructure, and renewable energy sectors. If you wish to find the stocks under 50 rs. you can consider BlinkX share market app. It can help you find companies that match your investment goals and how much risk you can handle. By learning how to choose stocks and manage risks, investors can make smart choices in the stock market and reach their long-term financial goals.

FAQs of Best Stocks Under 50 Rs.

The best government share in India depends on investment goals, risk tolerance, and market conditions. Investors should conduct thorough research, analyze financial performance, and consult expert recommendations.

The choice of the best stock for long-term investment depends on individual financial goals and risk tolerance, requiring thorough research, diversification, and consultation with a financial advisor.

Beginners should start with established companies with stable financial performance, diversify investments across sectors, and seek guidance from experienced investors for successful stock market investing.

Investing Rs. 50 in the stock market may be challenging due to brokerage charges, minimum investment requirements, and limited purchasing power. Alternatives include mutual funds or fractional investing platforms.

To minimize risks in the stock market, diversify investments, conduct thorough research, adopt a long-term perspective, use risk management tools, and stay informed about market news and developments.