Top Stocks Under ₹100 to Invest in India for 2024: Features, Taxation, Tips for Investors, And More

Many people have the preconceived notion that to earn big, you need to invest big. But investing doesn’t always work that way. Especially if you’re a beginner, the idea of diving in with significant capital can feel overwhelming. Starting with stocks under Rs. 100 is a great way to get a feel for the market, explore opportunities, and build your confidence without stretching your budget. In this article, we’ll walk through the top stocks under Rs. 100 in India for 2024 and why they’re a smart choice for newcomers and seasoned investors alike.

Top 10 Stocks Under Rs. 100

We have drawn upon a list of the 10 best shares to buy under 100 for the long term.

Name	Sub-Sector	Market Cap (Rs. in cr.)	Close Price (Rs.)	PE Ratio	5Y Avg Return on Equity (%)
Trident Ltd	Textiles	15906.69	31.61	45.51	12.67
Rattanindia Enterprises Ltd	Power Trading & Consultancy	8303.29	60.07	19.48	12.59
NBCC (India) Ltd	Construction & Engineering	24297.30	89.99	60.51	12.17
Bank of Maharashtra Ltd	Public Banks	39834.56	51.79	9.78	11.74
Ujjivan Small Finance Bank Ltd	Private Banks	6559.98	33.91	5.12	11.59
Equitas Small Finance Bank Ltd	Private Banks	7482.65	65.69	9.37	10.32
NHPC Ltd	Renewable Energy	78511.99	78.16	21.66	9.14
Canara Bank Ltd	Public Banks	89055.65	98.18	5.83	8.50
IRB Infrastructure Developers Ltd	Construction & Engineering	28624.86	47.40	47.25	5.31
Jammu and Kashmir Bank Ltd	Private Banks	10277.34	93.33	5.80	4.82

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Note: The data on the stocks list under Rs. 100 is from 18th November 2024. This data is derived from Tickertape Stock Screener.

• Stock Universe: NIFTY 500
• Close Price: Rs. 0.00- Rs. 100.00
• 5Y Avg Return on Equity: Set from Highest to Lowest

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Best Stocks Under Rs 100: An Overview

Here are brief overviews of the fundamentally strong stocks under Rs. 100 listed above in the list of 10 best shares to buy today under 100 rupees:

Trident Ltd

Trident Ltd, established in 1990, is a leading Indian textile manufacturer specialising in yarns, home textiles, and paper. The company caters to domestic and international markets, offering products like bed linens, towels, and copy paper.

On 18th November 2024, Trident Ltd reported a market capitalisation of Rs. 15,906.69 cr. and a closing price of Rs. 31.61. The price-to-earnings (PE) ratio was 45.51. The 5-year average return on equity (ROE) stood at 12.67%.

RattanIndia Enterprises Ltd

RattanIndia Enterprises Ltd operates in the power trading and consultancy sector, focusing on providing energy solutions and managing power assets. The company plays a significant role in power distribution and renewable energy integration.

As of 18th November 2024, the company had a market capitalisation of Rs. 8,303.29 cr., with a closing price of Rs. 60.07. Its PE ratio was 19.48, and the 5-year average ROE was 12.59%.

NBCC (India) Ltd

NBCC (India) Ltd, established in 1960, is a government-owned entity specialising in construction and engineering services. It handles projects such as infrastructure development, urban planning, and real estate.

On 18th November 2024, NBCC (India) Ltd recorded a market capitalisation of Rs. 24,297.30 cr., with a closing price of Rs. 89.99. The PE ratio stood at 60.51, and the 5-year average ROE was 12.17%.

Bank of Maharashtra Ltd

Bank of Maharashtra, founded in 1935, is one of India’s leading public sector banks. The bank provides a wide array of financial services, including personal and corporate banking, loans, and treasury operations.

On 18th November 2024, the bank reported a market capitalisation of Rs. 39,834.56 cr. and a closing price of Rs. 51.79. The PE ratio was 9.78, and its 5-year average ROE stood at 11.74%.

Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank Ltd, established in 2017, focuses on providing financial services to underserved and unbanked communities. The bank specialises in microfinance, housing loans, and SME financing.

On 18th November 2024, the bank’s market capitalisation was Rs. 6,559.98 cr., with a closing price of Rs. 33.91. Its PE ratio was 5.12, and the 5-year average ROE was 11.59%.

Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Ltd, launched in 2016, provides comprehensive banking services with a focus on small-scale entrepreneurs, rural banking, and affordable housing.

On 18th November 2024, the company had a market capitalisation of Rs. 7,482.65 cr. and a closing price of Rs. 65.69. The PE ratio was 9.37, while its 5-year average ROE stood at 10.32%.

NHPC Ltd

NHPC Ltd, incorporated in 1975, is a government-owned company specialising in renewable energy, particularly hydropower. It operates several large-scale hydroelectric projects across India and contributes significantly to the country’s green energy goals.

On 18th November 2024, NHPC Ltd had a market capitalisation of Rs. 78,511.99 cr., with a closing price of Rs. 78.16. The PE ratio was 21.66, and the 5-year average ROE was 9.14%.

Canara Bank Ltd

Canara Bank, founded in 1906, is a public sector bank offering a wide range of financial services such as retail banking, SME loans, and wealth management solutions. It is one of India’s largest government-owned banks.

On 18th November 2024, Canara Bank recorded a market capitalisation of Rs. 89,055.65 cr. with a closing price of Rs. 98.18. The PE ratio stood at 5.83, and the 5-year average ROE was 8.50%.

IRB Infrastructure Developers Ltd

Established in 1998, IRB Infrastructure Developers Ltd is one of India’s leading companies in the construction and engineering sector, focusing on highway development, toll operations, and real estate.

On 18th November 2024, the company’s market capitalisation was Rs. 28,624.86 cr., with a closing price of Rs. 47.40. The PE ratio was 47.25, while the 5-year average ROE stood at 5.31%.

Jammu and Kashmir Bank Ltd

Jammu and Kashmir Bank Ltd, founded in 1938, is a private sector bank operating primarily in northern India. It offers a variety of financial services, including retail and corporate banking, with a significant focus on the local economy.

On 18th November 2024, the bank had a market capitalisation of Rs. 10,277.34 cr., with a closing price of Rs. 93.33. Its PE ratio stood at 5.80, and the 5-year average ROE was 4.82%.

How to Invest in Stocks Under Rs 100?

Here is how investors may go about investing in the best stocks under 100 Rs for the long term:

1. Open a demat/trading/brokerage account. Investors can use smallcase to open a demat account!

2. Conduct research on the top stocks under Rs. 100. Investors can utilise tools like the Tickertape Stocks Screener. It is possible to set the Close Price at a range of Rs. 0 – Rs. 100 on the screener and investors can use the 200+ filters to learn more about the list of stocks under Rs. 100!

3. Place a ‘Buy’ order on the stocks under Rs. 100 of your choosing.

4. Monitor your investments regularly. Note: Investors should conduct thorough research and consult a financial advisor before investing in any stock.

What are Stocks Under Rs 100?

Companies whose shares are trading below Rs. 100 are known as ‘stocks under 100.’ Retail investors who may not have large sums of capital to invest can consider these stocks to be affordable. Many investors search for stocks under Rs. 100 as they seek to build a diversified portfolio while managing their risk. The best stocks under Rs. 100 may be particularly attractive to new investors who are just starting in the stock market. Investors can get started with a smaller investment and potentially earn returns that outpace the market by investing in these stocks.

How to Identify the Shares Under 100 Rs?

We have listed fundamentally strong stocks under 100 rupees based on their 5-year average return on equity. However, there are other factors and parameters that investors can consider while choosing stocks under Rs. 100. To identify the best stocks to buy today in India for long term under 100, you can incorporate the below-mentioned filters to generate an under 100 rs share list.

Stock Price

Investors should look for shares below 100 Rs as an initial screening criterion. This straightforward approach helps to identify 100 rupees stocks, focusing on finding the best share to buy under 100 Rs or the best stock to buy today under 100.

Earnings Per Share (EPS)

Evaluating a stock below 100 by its earnings per share (EPS) is crucial. A higher EPS indicates that the company is generating more earnings per outstanding share. Even 100 rs stocks with a reasonable EPS may be a good pick for long-term investments.

Price-to-Earnings (P/E) Ratio

The P/E ratio is essential for comparing the stock price to its earnings. Stocks under 100 with a lower P/E ratio might be undervalued compared to their peers. However, this should be measured against the industry average and growth potential to identify blue chip stocks under 100 or best stocks under 100 rs 2024 NSE.

Dividend Per Share (DPS)

Identifying the best share under 100 Rs that pays consistent dividends can offer added value. A stable dividend payment in 100 rupees share price can provide income for investors and indicates a company’s healthy financial status.

Net Profit Margin

A higher net profit margin is a positive sign for shares less than 100 rupees, indicating the company’s efficiency in managing costs and generating profits. This metric can help find the best share for long term under 100 with robust financials.

Debt-to-Equity Ratio

For investors seeking a 100 rupees share price list or under 100 best share options, the debt-to-equity ratio is a key factor. A lower ratio suggests that the company carries less debt relative to its equity, which reduces risk.

Current Ratio

A current ratio above 1 indicates that the company in the under 100 rs share list 2024 has more assets than liabilities. This measure of liquidity helps pinpoint the top stock under 100 with good financial health.

Earnings Growth Rate

Assessing the earnings growth rate is crucial for finding the best stock for long term under 100. A positive growth rate over time reflects the company’s potential to increase profits and expand its business, making it part of an appealing under 100 rs share list for investors.

Investors looking for affordable yet promising shares should consider these criteria to identify the best stocks under 100 Rs in 2024. Whether searching for blue chip stocks under 100, best share to buy under 100 Rs, or shares below 100 Rs, these parameters can guide you in selecting investments with potential.

Why Invest in Stocks Under Rs 100?

Investing in stocks priced under 100 INR offers several advantages. These stocks can majorly belong to companies with smaller market capitalisations. They can potentially offer significant growth opportunities in the long term. Additionally, they allow for greater diversification within a limited investment budget. Moreover, lower-priced stocks may exhibit higher volatility. This can provide opportunities for short-term trading for investors who can utilise swing trading in fluctuating markets.

Features of Stocks Under Rs. 100

Here are a few key features of stocks under 100 rupees:

• Affordability: Stocks priced under Rs. 100 offers an affordable entry point for investors with limited capital, allowing them to start investing in the stock market without a significant initial investment.
• Higher Quantity: Due to their lower price, investors can purchase a higher quantity of shares of stocks under Rs. 100 compared to higher-priced stocks, thereby increasing their potential for diversification.
• Volatility: Stocks priced under 100 rupees tend to exhibit higher volatility, which can present opportunities for short-term traders to capitalise on price fluctuations in the market.
• Risk and Reward: While stocks under Rs 100 may offer the potential for high returns, they also come with higher risk due to their volatile nature and lower liquidity compared to higher-priced stocks.
• Opportunity for Growth: Some stocks priced under Rs 100, including the best stocks to buy today in India for short term, may represent companies with strong growth potential or turnaround prospects, providing investors with the opportunity to benefit from future appreciation in stock prices.
• Liquidity Concerns: Investors should be aware that a share under 100 may have lower liquidity levels, meaning there may be fewer buyers and sellers in the market, potentially leading to wider bid-ask spreads and difficulty in executing trades at desired prices.

Who Should Invest in Stocks Under Rs 100?

1. Individuals seeking affordable investment opportunities may find stocks under Rs 100 appealing. 
2. These stocks can be attractive for novice investors looking to start building a portfolio with a limited budget. 
3. Additionally, seasoned investors who wish to diversify their holdings or explore emerging companies may also consider investing in a share under 100 rupees.

Note: It’s important to conduct thorough research and due diligence before investing in any stock, regardless of its price.

Types of Stocks Trading Under Rs. 100

Several types of stocks under Rs 100 can be categorised based on their characteristics and investment potential. Here are some common types of stocks under 100:

• Growth Stocks: Growth stocks can potentially generate substantial profits in the future. Companies in high-growth industries such as IT, healthcare, and e-commerce often associate these best stock under 100 Rs. The best share to buy today under 100 rupees can be attractive to investors who are willing to take on higher risk for the potential of higher returns.
• Dividend-Paying Stocks: These are stocks of companies that pay regular dividends to their shareholders. Dividend-paying stocks can provide a steady stream of income to investors and may be less volatile than other types of stocks. Companies in more mature industries such as utilities, consumer goods, and healthcare often associate with these dividend paying stocks that may turn out to be one of the best stock to buy under 100.
• Penny Stocks: Small companies or startups often associate these stocks that trade below Rs. 100 per share. Penny stocks can be highly speculative and carry significant risk, as they may be more susceptible to price fluctuations and volatility. However, penny shares under 100 can also offer high growth potential if the company performs well.

Benefits of Investing in Shares Under 100

Here are a few benefits of investing in the best stocks under 100.

• Lower Initial Investment requirement: The best shares under Rs 100 can offer investors the opportunity to enter the stock under 100 market with a smaller initial investment. This can be especially beneficial for new investors who may not have large sums of capital to invest.
• Diversification Potential: Investing in a range of the best shares under 100 can provide diversification benefits to investors, as these stocks may belong to different sectors and industries. Diversification can help investors manage risk by spreading their investments across different below 100 Rs best shares and asset classes.
• Power of Compounding: Value investing leverages the advantages of compounding. When you invest in the best stock to buy under 100 over a long period, the returns and dividends you earn are reinvested. This can significantly increase your profit margins. Compounding can transform small investments into substantial sums over time. 
• Low-Risk Investment Strategy: Value investing is also known for being one of the least risky strategies in the stock market. It follows the principles of buying and holding and is highly regarded by investors and shareholders. These principles can protect investors from daily market fluctuations.

Risks of Investing in the Best Stocks Under 100

Investing in even fundamentally strong stocks under 100 can offer good opportunities for investors looking to enter the stock market. However, let’s examine the challenges.

• Highly Volatile: Stocks priced under Rs. 100 are often highly volatile. Their prices can fluctuate dramatically in short periods, which can lead to substantial losses for investors. The high volatility makes it challenging to predict price movements, increasing the risk of investment.
• Scams and Fraudulent Activity: Penny stocks, which can often fall under this price range, are susceptible to scams and fraudulent activities. Less than 100 Rs shares can be manipulated by unscrupulous individuals looking to profit from unsuspecting investors. Due diligence is crucial to avoid falling victim to such schemes.
• Large Buy Order: Placing large buy orders for these shares below Rs 100 can be problematic. Due to their low liquidity, significant buy orders can cause sharp price increases, making it difficult to purchase even the best share to buy today under 100 at a reasonable price. This can lead to overpaying and reduced potential returns.
• Not that Fundamentally Strong: Stocks under Rs. 100 are usually small-cap stocks. They may belong to companies with uncertain financial health, weak business models, or limited growth prospects. Investing in such stocks requires careful analysis, as they might not offer the same stability and growth potential as higher-priced stocks

Tips for Investing in Stocks Under 100

Investing in good stocks under 100 can offer attractive opportunities for retail investors in India, but it is important to approach these investments with caution and a long-term mindset. Here are some tips to consider when investing in stocks under 100:

• Research and Due Diligence: Conduct thorough research and analysis before investing in any stock, regardless of its price. Analyse financial metrics like earnings per share (EPS), price-to-earnings ratios (P/E ratio), and dividend yields to assess a company’s value and potential for growth.
• Diversification and Risk Management: Diversify your portfolio by investing in a mix of shares below 100 rupees across different industries and sectors. This can help mitigate risk and protect against market volatility. Additionally, consider setting stop-loss orders to limit potential losses in case a stock’s price drops significantly.
• Sticking to a Long-Term Investment Strategy: Investors can view investing in stock under 100 rupees as a long-term strategy and avoid making impulsive decisions based on daily market movements. It can be better to not get caught up in short-term market fluctuations. Stick to your investment plan and continue to monitor and adjust your portfolio as needed over time.
• Consider Professional Advice: If you are new to investing, consider seeking advice from a professional financial advisor or a trustable portfolio investing platform like smallcase. We can help you develop an investment plan that aligns with your financial goals and risk tolerance.

As always, while looking at the list of 10 best shares to buy today under 100, investors must do their own research and/or consult their financial advisor before investing.

Taxation on Stocks Under Rs 100

When investing in stocks priced under Rs 100, it’s essential to understand the taxation implications. Here’s a breakdown of the tax considerations for such investments:

Capital Gains Tax

If you sell stocks priced under Rs 100 at a profit, you’ll be subject to capital gains tax. The tax rate depends on whether the gains are short-term (held for less than one year) or long-term (held for more than one year).

• Short-Term Capital Gains Tax: Short-term capital gains on stocks under Rs 100 are taxed at your applicable income tax rate. These gains are added to your total income and taxed accordingly.
• Long-Term Capital Gains Tax: The gains are considered long-term if you hold stocks under Rs 100 for more than one year before selling. 

Tax Deduction at Source (TDS)

In certain cases, the buyer of stocks may deduct tax at source before making payment to the seller. This TDS is applicable if the transaction exceeds specified thresholds and varies based on the nature of the transaction and the seller’s tax status.

Understanding the tax implications of investing in stocks under Rs 100 is crucial for effective tax planning and compliance with regulatory requirements. Investors can consult with a tax advisor or financial expert for personalised guidance based on their specific situation.

Factors to Consider Before Investing in the Best Stock Under 100 Rs

• Value Investing: Becoming a value investor may not require a substantial amount of money. This might be due to your current financial situation becoming significant when adopting a long-term perspective on the stock market with patience. Investors can consider stocks under Rs. 100 as it does not require for the investors to spend a lot. 
• Advantages of Compounding: The greatest advantage of compounding is its ability to patiently grow even the smallest amount of money into a lump sum. You can keep your investment intact by holding onto the returns from stocks under 100 rupees.
• Low-Risk Investment Strategy: This strategy creates long-term capital by purchasing and holding the best shares below 100. Value investments expand the investor’s portfolio because of their low volatility.

To Wrap It Up…

In conclusion, investing in the best multibagger stocks below ₹100 can help you gain exposure with limited funds. These stocks may be considered “cheap,” but they could still offer significant growth potential and profitability. However, it’s crucial to conduct thorough research, assess your risk tolerance, and develop a long-term strategy. Considering these factors, investing in stocks under 100 can be a smart and rewarding choice for both novice and experienced investors.

Frequently Asked Questions About Stocks Under Rs. 100

---