Stocks Under ₹1,000

While starting your journey in the stock market you don’t need to spend a lot of money. We have selected a list of stocks that have a price of less than ₹1,000 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.

Interested in Investing in these stocks?

Trade Now

hero_form

Stocks under ₹1 Stocks under ₹5 Stocks under ₹10 Stocks under ₹20 Stocks under ₹50 Stocks under ₹100 Stocks under ₹500

1) State Bank of India

About the company: State Bank of India is the largest and oldest bank in India with over 200 years of history. SBI, the largest Indian Bank with 1/4th market share, serves over 45 crore customers through its vast network of over 22,000 branches, 62617 ATMs/ADWMs, 71,968 BC outlets, with an undeterred focus on innovation, and customer centricity, which stems from the core values of the Bank - Service, Transparency, Ethics, Politeness and Sustainability.

Positives:
- In last 5 years, Company has delivered good profit growth of 76.1% CAGR

Negatives:
- In last 5 years, The company has delivered a poor sales growth of 8.91%
- In last 3 years, Company has a low return on equity of 13.2%.

State Bank of India Share Price

2) Jindal Stainless Ltd

About the company: Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc.

Positives:
- Company has had strong profit growth over the previous five years, with a 43.5% CAGR. 
- The company has a strong return on equity (ROE) history. 3-Year ROE of 27.1%

Negatives:
- 77.5% of the ownership has been pledged by the promoters.
- Over the last three years, promoter holding has declined: -10.2%

Jindal Stainless Share Price

3) Gujarat Narmada Valley Fertilizers & Chemicals Ltd    

About the company: Gujarat Narmada Valley Fertilizers & Chemicals has extended profile much beyond fertilizers through a process of horizontal integration. Chemicals/Petrochemicals, Energy Sector, Electronics/Telecommunications and Information Technology form ambitious and challenging additions to its corporate portfolio. 

Positives:
- The Stock is trading at 0.84 times its book value
- The company has been maintaining a healthy dividend payout of 22.0%
- Debtor days have improved from 41.0 to 29.4 days.

Negatives:
- Declining profits every quarter for the past 2 quarters.

Gujarat Narmada Valley Fertilizers & Chemicals Share Price

4) Deepak Fertilisers & Petrochemicals Corporation Ltd

About the company: Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) is one of the largest manufacturers of chemicals in India. The Company has manufacturing facilities in Taloja – Maharashtra, Srikakulam – A.P., Panipat – Haryana and Dahej – Gujrat. The Company has adopted some of the global state-of-the-art technologies that enable it to manufacture and supply high quality products that meet global standards.

Positives:
- In last 5 years, Company has delivered good profit growth of 49.7% CAGR

Negatives:
- In last 3 years, Promoter holding has decreased by 6.74%

Deepak Fertilisers & Petrochemicals Corporation Share Price

5) Apollo Tyres

About the company: Apollo produces tubes, automated bias tires, and radial tires.

Positives: 
- The company's debt has decreased. 
- The company has continued to pay out a respectable 40.6% dividend. 

Negatives:
- Over the last five years, the company's revenue growth has been a poor at 10.6%.
- The company's three-year return on equity is a poor 7.01%.

Apollo Tyres Share Price

 

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.