Stocks Under 500 Rs.

While starting your journey in the stock market you don’t need to spend a lot of money. We the 5paisa Research team have selected a list of stocks that have a price of less than Rs.500 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.

Last Updated: Mar 04, 2024

1. KRBL

About the company: KRBL is the world's leading basmati rice producer and has fully integrated operations in every aspect of the basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing.

Positive:
- The company reduced it's debt
- It is almost debt free

Negative:
- In last 5 years, company has delivered a poor sales growth of 6.01%

KRBL Share Price

2. ONGC

About the company: ONGC is the biggest natural gas and crude oil company in India, accounting for over 71% of the country's domestic output. 

Positives:
- The current stock price is 1.14 times its book value.
- The stock offers a respectable 4.01% dividend yield. 

Negatives:
- The company's three-year return on equity is a poor at 13.9%. 

ONGC Share Price

3. IDFC

About the company: IDFC Ltd is a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India.

Positives:
- The company has continued to pay out a respectable 98.2% dividend. 
- The working capital requirements of the company were decreased to 83.5 days from 1,219 days.

Negatives:
- Over the last five years, the company's revenue growth has been poor, at a rate of -24.5%. 
- The company's three-year return on equity is a pitiful -11.3%.

IDFC Share Price

4. Bank of Baroda

About the company: Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Positives:
- Stock is trading at 1.03x its book value
- Stock is providing a good dividend yield of 3.01%.
- In last 5 years, Company has delivered good profit growth of 57.7% CAGR

Negatives:
- In last 3 years, Company has a low return on equity of 9.31%
- In last 3 years, Promoter holding has decreased by 7.63%

Bank Of Baroda Share Price

5. Gujarat State Fertilizer & Chemicals

About the company: Gujarat State Fertilizers & Chemicals Ltd is a public sector company promoted by the Government of Gujarat. To cater to the rising demand for Nylon-6, GSFC boosted its production capacity by setting up a new 45 MTPD Nylon-6-II plant. The Nylon-6-II plant of GSFC has drawn technical knowhow from Lurgi of Germany (now Technip Zimmer). The plant is designed to produce engineering plastic and film grades of Nylon-6 chips, with a capacity of 30 MTPD and 15 MTPD respectively.

Positives:
- Stock is trading at 0.55x its book value

Negatives:
- In last 5 years, the company has delivered a poor sales growth of 11.3%.

Gujarat State Fertilizer & Chemicals Share Price