Best Stocks Under ₹500 in India
Best Stocks Under ₹500 in India
Overview of the Best Stocks Under ₹500 in India
ITC Ltd
ITC Ltd is a diversified conglomerate operating in FMCG, hotels, paper, packaging, and agri-business. Known for brands like Aashirvaad and Sunfeast, it is also one of India’s largest cigarette manufacturers.
NTPC Ltd
NTPC Ltd is India’s largest energy conglomerate, primarily engaged in power generation and related activities. It focuses on thermal, hydro, solar, and wind energy projects to drive sustainable growth.
Wipro Ltd
Wipro Ltd is a leading global IT services company, providing consulting, business process services, and digital solutions. It operates in sectors like cloud computing, cybersecurity, and artificial intelligence.
Oil and Natural Gas Corporation Ltd
ONGC is India’s largest oil and gas exploration and production company. It plays a vital role in the country’s energy security by discovering and extracting hydrocarbons.
Power Grid Corporation of India Ltd
Power Grid Corporation of India Ltd is responsible for the transmission of electricity across India. It operates and maintains a vast network, ensuring efficient power delivery and grid stability.
Advantages of Investing in Stocks Under ₹500 in India
Affordability
Diversification
Growth Potential
Dividend Opportunities
Flexibility
Potential for Multibagger Returns
- Receive real-time market alerts for timely decisions
- Monitor your portfolio from the palm of your hands
- Watchlist stocks and mutual funds to stay updated
Factors to Consider Before Investing in Stocks Under ₹500
Company Fundamentals
Industry Position
Management Quality
Growth Prospects
Liquidity
Regulatory Environment
Popular Stock Collections
Popular Mutual Fund Collections
Frequently Asked Questions on Stocks Under ₹500
1. What are stocks under ₹500?
These are shares of companies trading at a market price below or at par ₹500 per share.2. Are low-priced stocks riskier?
Irrespective of the share price, any investment in the stock market carries a risk. Therefore, conduct a thorough research before investing in stocks under ₹500.3. Can I earn dividends from these stocks?
Yes, some companies whose share price is trading below ₹500 offer dividends.4. How do I choose the right stock under ₹500?
Analyse company fundamentals, industry position, and growth prospects to make informed decisions.5. Can these stocks become multibaggers?
Some low-priced stocks have the potential for significant appreciation, but this is not guaranteed.6. Where can I find a list of stocks under ₹500?
Financial platforms like Tickertape Stock Screener provides curated lists of such stocks.