Stocks priced under ₹20 can offer an entry point for investors looking to make their first moves into the market without taking on too much risk.
For retail investors, Investing in the stock market is a difficult task, especially for novices who are just starting to build their portfolios. However, you don’t need to have large sums of money to begin investing. Stocks priced under ₹20 can be a starting point for you to avoid large amounts of money. In India, many companies trading below this price point are often overlooked, but they can present unique growth opportunities. In this blog, we will explore the best stocks under ₹20 in November 2024 based on 5Y CAGR.
Best Stocks Under ₹20 Based on 5Y CAGR
| Company Name |
Market Cap (In ₹ Crore) |
5Y CAGR (%) |
| Global Capital Markets Ltd |
35.45 |
214.88 |
| Harshil Agrotech Ltd |
642.11 |
195.61 |
| Pulsar International Ltd |
129.07 |
180.27 |
| Rajnish Retail Ltd |
166.47 |
137.68 |
| Vardhman Polytex Ltd |
405.27 |
133.90 |
Best Stocks Under ₹20
- Global Capital Markets Ltd: Global Capital Markets Ltd is engaged in the business of finance and investments. In addition to providing loans, the company is involved in investing and trading activities in both the equity and F&O segments. The company is optimistic about a decent opportunity for business on the back of India’s trajectory towards becoming a $5 trillion economy.
Key Metrics:
- Return on Equity (ROE): 0.02%
- Return on Capital Employed (ROCE): 0.02%
- Harshil Agrotech Ltd: Incorporated in 1972, Harshil Agrotech Ltd trades agricultural goods and Commodity & Agri Materials. It is engaged in the business of preparing, manufacturing, processing, marketing, trading, import, export, improving, selling and dealing in agricultural food products like spices, oil seeds, grains, vegetables, herbs, pickles and other items derived from agricultural, farming or relevant activities.
Key Metrics:
- Pulsar International Ltd: Incorporated in 1990, Pulsar International Ltd is in the business of finance and investments. The company offers various services, which include trading, imports/exports, finance and consultancy.
Key Metrics:
- Rajnish Retail Ltd: Rajnish Retail Ltd manufactures, trades and exports loose diamonds and jewellery. The company’s product portfolio includes diamonds, White Loose Diamonds, GIA, IGI, HRD Certified Diamonds, Fancy Cut Diamonds and Fancy Color Diamonds.
Key Metrics:
- Vardhman Polytex Ltd (VPL): Vardhman Polytex Ltd is a flagship company of Oswal Group. It manufactures a range of Cotton Yarns (Carded, Combed, Organic, BCI), Cotton Polyester Yarns and Value Added Yarns (Grey and Dyed) in variable counts. VPL has entered into arrangements with a few vendors, from whom the company purchases raw materials, processes them and sells the finished output back to them
Conclusion
Investing in stocks priced under ₹20 can be an intriguing strategy for those looking to diversify their portfolios and explore lesser-known opportunities in the market. However, these low-priced stocks possess a significant amount of risks, so they require the proper amount of research before investing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
