Investing in multibagger stocks below 100 RS offers an excellent opportunity for high returns with relatively low investment. These stocks often belong to emerging sectors or companies poised for significant growth, making them ideal candidates for both long-term and short-term investments. In 2024, numerous multibagger stocks below ₹100 are demonstrating solid financials and upward momentum.
This article examines stocks under ₹100, categorized by government and non-government sectors, along with their financial outlook and position relative to the 50-day moving average.
Table of Contents
Top Government Stocks Under 100 in india
Government stocks are often considered more stable and tend to offer a steady growth rate, especially when they are linked to essential services and infrastructure projects. Here are a few noteworthy picks:
NHPC Ltd
Price: ₹85.11
About: NHPC Ltd is a leading hydropower company in India, and its renewable energy potential gives it a solid long-term growth prospect.
Profit/Loss: The company reported a profit of ₹20,740 million in FY 2024, driven by higher power generation and efficiency improvements.
IDBI Bank Ltd
Price: ₹85.26
About: IDBI Bank is a government-owned financial institution that has been undergoing a transformation due to privatization.
Profit/Loss: The bank posted a net profit of ₹2,710 million for the latest quarter, supported by a reduction in non-performing assets (NPAs).
MMTC Ltd
Price: ₹84.21
About: MMTC is a government-owned trading company dealing primarily in precious metals, fertilizers, and other commodities.
Profit/Loss: The company recorded a profit of ₹190 million in FY 2024, thanks to its diversified commodity trading portfolio.
Central Bank of India
Price: ₹60.05
About: A public sector bank offering a range of banking services, including loans, deposits, and insurance.
Profit/Loss: The bank reported a net profit of ₹1,004 million for FY 2024, supported by improving asset quality.
UCO Bank
Price: ₹50.28
About: UCO Bank is a major public sector bank in India with a strong presence in lending and financing.
Profit/Loss: UCO Bank posted a profit of ₹2,298 million in FY 2024.
Multibagger Stocks Below 100 RS.
Non-government companies, particularly those in private industries, offer higher growth potential, although with a relatively higher risk. Here are some promising picks in the non-government sector:
SBFC Finance Ltd
Price: ₹87.22
About: SBFC Finance is an emerging non-banking financial company (NBFC) focused on serving underserved sectors like MSMEs and retail consumers.
Profit/Loss: Net profit of ₹3,006 million for FY 2024, showcasing a 65% growth from the previous year.
GMR Infrastructure Ltd
Price: ₹84.42
About: GMR Infrastructure specializes in airport, energy, and transportation infrastructure. The company is integral to India’s growing infrastructure landscape.
Profit/Loss: GMR recorded a narrowed loss of ₹2,432 million in FY 2024, signaling recovery following pandemic impacts.
Tata Teleservices (Maharashtra) Ltd
Price: ₹80.53
About: A subsidiary of the Tata Group, providing telecom services primarily in Maharashtra.
Profit/Loss: Small profit of ₹7 million for the last quarter, supported by a slight uptick in subscriber base.
Yes Bank Ltd
Price: ₹21.38
About: Yes Bank, after facing financial challenges, has restructured and is focusing on enhancing profitability.
Profit/Loss: Yes Bank reported a net profit of ₹9,852 million in FY 2024, driven by improved asset management and cost control.
Trident Ltd
Price: ₹34.56
About: Trident Ltd is involved in textile and paper manufacturing industries, focusing on sustainable products.
Profit/Loss: The company posted a profit of ₹1,415 million for FY 2024, benefiting from the growing demand in textiles and paper industries.
Stocks Above the 50 SMA
Stocks trading above their 50-day moving average tend to show strong bullish trends. Here are the stocks currently trading above the 50-day moving average:
SBFC Finance Ltd
Price: ₹87.31
About: SBFC Finance Ltd is an emerging NBFC focusing on underserved sectors like MSMEs and retail consumers, showing strong bullish momentum above its 50-day moving average.
IDBI Bank Ltd
Price: ₹85.27
About: IDBI Bank, undergoing transformation due to privatization, shows strong support above its 50-day moving average.
NHPC Ltd
Price: ₹85.00
About: NHPC Ltd, India’s leading hydropower company, demonstrates strong growth prospects with its consistent performance above the 50-day moving average.
GMR Infrastructure Ltd
Price: ₹84.44
About: GMR Infrastructure continues to perform well above its 50-day moving average, signaling positive growth in airport and energy sectors.
Tata Teleservices (Maharashtra) Ltd
Price: ₹80.45
About: Tata Teleservices, a Tata Group subsidiary, maintains a steady performance above its 50-day moving average, showing growth potential in telecom.
Network18 Media & Investments Ltd
Price: ₹79.97
About: Network18 Media demonstrates stability and growth while trading above the 50-day moving average.
RattanIndia Enterprises Ltd
Price: ₹71.83
About: RattanIndia Enterprises is showing positive momentum and trades above its 50-day moving average, indicating an optimistic outlook.
IFCI Ltd
Price: ₹66.58
About: IFCI Ltd shows strong support above its 50-day moving average, suggesting further growth potential.
Central Bank of India
Price: ₹59.91
About: With solid performance above its 50-day moving average, Central Bank of India is showing resilience and growth.
IRB Infrastructure Developers Ltd
Price: ₹59.05
About: IRB Infrastructure Developers shows strong bullish movement above the 50-day moving average, indicating continued growth.
Bank of Maharashtra
Price: ₹58.10
About: Performing above the 50-day moving average, signaling stability and ongoing growth potential.
Indian Overseas Bank
Price: ₹57.91
About: Demonstrating continued growth potential, performing above the 50-day moving average.
UCO Bank
Price: ₹50.14
About: Performing above the 50-day moving average, indicating stability and growth.
NMDC Steel Ltd
Price: ₹48.32
About: Consistently performing above the 50-day moving average, indicating positive growth.
Stocks for Short-Term Gains
These stocks under ₹100 have potential for quick returns, making them suitable for short-term investments:
- Yes Bank Ltd – ₹21.38, showing strong recovery after restructuring and improved profitability.
- Alok Industries Ltd – ₹22.88, benefiting from the growing global textile market and showing signs of recovery.
- Trident Ltd – ₹34.56, expected to see growth from increasing demand in textile exports and eco-friendly products.
Find Multibagger Stocks Below 100 Rs By Chartink
To find stocks below ₹100 using Chartink Screener, follow these quick steps:
- Visit Chartink: Go to Chartink.com.
- Create a New Scan: Click on “Screener” > “Create Scan.”
- Add Condition: Set the condition as “Latest Close < 100” to filter stocks priced below ₹100.
- Add Filters (Optional):
- Volume > 100000 to avoid illiquid stocks.
- Market Cap > 500 Cr for stronger companies.
- Run the Scan: Click “Run Scan” to see the results.
- Save/Analyze: Save the screener for reuse or export the data for further analysis.
This will provide a filtered list of stocks meeting your criteria.
Conclusion
Multibagger stocks under ₹100 offer investors a unique opportunity to diversify their portfolio while targeting strong growth potential. By investing in these stocks across both government and non-government sectors, you can benefit from stability and high growth, especially in emerging industries like infrastructure, banking, and renewable energy.
For long-term investors, government-sector stocks such as NHPC Ltd and IDBI Bank offer stability, while non-government stocks like SBFC Finance Ltd and GMR Infrastructure Ltd provide the potential for substantial growth. Additionally, those looking for short-term investments may find promising returns in stocks like Yes Bank Ltd and Alok Industries Ltd.
As always, due diligence and monitoring of stock performance are essential before making any investment decisions.