In the realm of investing, the attraction of locating equities with high potential returns frequently pushes people to look for deals on assets that are undervalued. While companies with high prices may make news, stocks with prices under Rs 100 provide a plethora of promises.
For savvy investors, these stocks—which are frequently disregarded or undervalued—can provide substantial growth opportunities. This article explores equities under Rs 100 that can add value to portfolios and help investors achieve financial success.
Here are the stocks that have the potential to give multibagger returns in 2024
HLV Ltd saw a significant increase in its stock price, reaching a high of Rs 42 with a current market price (CMP) of Rs 41.2, surpassing the previous close of Rs 35.65 by 15.57%. The company’s stock has shown resilience, hitting its 52-week high at Rs 42, while maintaining a strong performance against its low of Rs 8. With a market capitalisation of Rs 2,712.85 crore, HLV Ltd demonstrates stability and investor confidence.
HLV Ltd engages in the operation of hotels and resorts. The firm operates hotels and Its properties are located in prime urban cities of Bengaluru, Chennai, Delhi, Gurugram, Mumbai, and New Delhi, as well as holiday destinations of Goa, Kovalam, and Udaipur.
Orient Green Power Company Ltd
Orient Green Power Company Ltd experienced a modest rise, with both its high and CMP at Rs 32.85. The stock’s previous close stood at Rs 31.3, reflecting a 4.95% increase. Despite this positive momentum, the stock remains within its 52-week high and low range, priced at Rs 32.85 and Rs 7.09, respectively. With a market capitalisation of Rs 3,221.68 crore, Orient Green Power Company Ltd displays steady growth potential in the renewable energy sector.
Orient Green Power Co Ltd engages in the production and distribution of renewable energy. It focuses on the development, ownership, and operation of wind energy power plants located in the states of Tamil Nadu and Andhra Pradesh.
Vikas Ecotech Ltd
Vikas Ecotech Ltd exhibited notable growth, with its current market price (CMP) at Rs 4.85, matching its high. The stock’s previous close was Rs 4.45, indicating an 8.99% increase. While the stock approaches its 52-week high of Rs 5.05, it maintains a healthy distance from its low of Rs 2.35. With a market capitalisation of Rs 677.65 crore, Vikas Ecotech Ltd presents an appealing investment opportunity in the chemical industry.
Vikas EcoTech Ltd. engages in the manufacture of speciality chemicals focused on speciality chemical additives and speciality polymer compounds. It operates through the following segments: Trading Division-Infra, Manufacturing Division-Chemical, Polymers, and Special Additives, Manufacturing Division-MS Sockets and Fittings, and Real Estate Division.
Suzlon Energy Ltd observed a marginal uptick, reaching a high of Rs 49.95 from its previous close of Rs 48, marking a 2.19% increase. The stock’s performance remains resilient, hovering near its 52-week high of Rs 50.6, while maintaining a considerable difference from its low of Rs 6.95. Suzlon Energy Ltd, with a substantial market capitalisation of Rs 66,752.68 crore, showcases stability and potential in the renewable energy sector.
Suzlon Energy Ltd. engages in the sale of wind turbine generators and related components of various capacities. Its products include S111, S128, and S120 Wind Turbine Generators. The firm operates through the following segments: Sale of Wind Turbine Generators, Foundry and Forging, Operation and Maintenance Services, and Others.
South Indian Bank Ltd
South Indian Bank Ltd witnessed a slight rise, with its high at Rs 37.8 and CMP at Rs 37.65, exceeding the previous close of Rs 36.95 by 1.89%. The stock’s performance remains steady, with its 52-week high at Rs 40.15 and low at Rs 13.75. With a market capitalisation of Rs 7,879.22 crore, South Indian Bank Ltd demonstrates resilience and growth potential in the banking industry.
South Indian Bank Ltd engages in the provision of commercial banking services. It operates through the following segments: Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations.
Yes Bank Limited
Yes Bank Limited displayed positive momentum, with its high and CMP at Rs 26.55, surpassing the previous close of Rs 25.4 by 3.74%. The stock’s performance remains within its 52-week high and low range, priced at Rs 26.55 and Rs 14.4, respectively. With a market capitalization of Rs 75,820.14 crore, Yes Bank Limited reflects stability and recovery in the banking sector.
YES BANK Ltd is a holding company, which engages in the provision of commercial banking and financial services. The firm offers client-focused corporate banking services, including working capital finance, term loans, specialized corporate finance, trade and transactional services, debt capital, cash management, treasury services, investment banking, and liquidity management solutions.
Jaiprakash Power Ventures Limited
Jaiprakash Power Ventures Limited witnessed growth, with both its high and CMP at Rs 21.85, reflecting a 4.80% increase from the previous close of Rs 20.85. The stock’s performance remains within its 52-week high and low range, priced at Rs 21.85 and Rs 5.15, respectively. With a market capitalisation of Rs 15028.93 crore, Jaiprakash Power Ventures Limited presents opportunities in the power generation sector.
Jaiprakash Power Ventures Ltd engages in the generation of power. It operates through the following segments: Power and Transmission, Coal, and Other. The Power and Transmission segment includes the generation, sale, and transmission of power. The Coal segment refers to coal mining for captive use in energy generation. The Other segment consists of cement grinding.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.