Best Stocks to Buy Under Rs. 200 in the Indian Stock Market

Investing in the Indian stock market requires thorough research and consideration of various factors, including a company's financial health, growth potential, market conditions, and investment goals. While there are multiple options available at different price points, this article highlights some of the most popular stocks that are priced under Rs. 200 as of recent times. It is important to verify the latest prices and conduct your own analysis or consult with a financial advisor before making any investment decisions.

Top Companies Under Rs. 200

Here are seven popular stocks in the Indian market that have consistently shown promise and are priced below Rs. 200:

Tata Power

Tata Power is a household name in the energy sector. It offers a combination of power generation, distribution, and infrastructure development. While detailed financials and growth potential are crucial considerations, the stock currently offers a manageable price point for investors.

Bharat Heavy Electricals Limited (BHEL)

BHEL is a leading player in the heavy electrical engineering sector. It offers a range of solutions, from power generation and transmission to heavy machinery. Despite a volatile financial outlook, it continues to attract investors for its long-term growth potential.

IDFC First Bank

IDFC First Bank is a pioneer in the financial sector, focusing on delivering banking solutions to a wide range of customers. While the stock has faced challenges, it remains an attractive option for those seeking stability and growth in the banking segment.

Ashok Leyland

Ashok Leyland is a major player in the commercial vehicle market. The company offers a range of products, including trucks, buses, and special purpose vehicles. Although facing certain market challenges, the stock remains a viable investment option for those interested in the automotive sector.

SAIL (Steel Authority of India Limited)

SAIL is a fascinating entity in the steel industry. It operates one of the largest integrated steel mills in the world. While the steel sector has its own set of challenges, SAIL's strategic position makes it an interesting investment opportunity for both short-term and long-term horizons.

Yes Bank

Yes Bank is a leading private sector bank in India. Despite certain regulatory challenges, the stock continues to attract investors due to its financial stability and market presence.

NHPC Limited

NHPC Limited is a significant player in the power sector, focusing on the development and operation of hydroelectric power projects. The stock offers a good balance between growth and stability, making it a worthy investment option for those interested in the energy sector.

Additional Insights on Specific Stocks

Let's delve a bit deeper into some specific stocks:

NELCO

NELCO, a Tata company, has a current 52-week low of 486 and a high of 984. Its PE ratio stands at 93, and the one-year return is negative by 12.06%. While the stock is considered highly volatile, a potential entry level for a long-term investment could be around Rs. 643. This stock may touch Rs. 900-1000 levels, but careful consideration should be given to the entry point to avoid losses during the correction period.

HDFC AMC

HDFC AMC is currently trading at Rs. 2646, with an analysts' one-year target of Rs. 3000. Its 52-week range is between 1589 and 2755. The PE ratio is 40.89, and the beta is 1.14, indicating an average volatile stock. A strong entry level could be Rs. 2244, with a buy range of Rs. 2200-2300.

Kei Industries

Kei Industries is always a favorite for short-term investments. Based on the daily chart, a near term target looks like 2700 to 2500. For long-term, the best buying level is 2200 to 2300.

Mahindra Mahindra

Mahindra Mahindra is a giant in the automotive sector. With a 52-week low of 1123 and high of 18.64, the stock is considered highly volatile. While the daily chart indicates bullish behavior, a 1800-level target within 5 to 6 months is feasible.

Man Infra

Man Infra is a high-volatile share in the small-cap category. Its daily chart shows good short-term performance, but the candlestick formation of a hanging red candle suggests a need for a correction. A strong entry level for this stock would be around Rs. 108, with a long-term target of Rs. 200.

360 Wan WAM

360 Wan WAM is a well-priced AMC stock. The 52-week range is 395 to 570, and the PE ratio is 28.60. A buying level near Rs. 480 is recommended, with a long-term target of Rs. 900.

Amar Raja Batteries

Amar Raja Batteries is known for its long-lasting batteries used in two-wheelers and four-wheelers. With a 52-week low of 479 and a high of 709, the stock offers a PE ratio of 15.97. A buying level in the range of 600 to 650 is suggested for a long-term target of Rs. 720.

Conclusion

Investors should understand that while these stocks may present compelling opportunities, thorough research and a well-thought-out strategy are essential. Additionally, focusing on PSU banks like PNB, Karnataka Bank, and Bank of Baroda, as well as private banks like IDFC First Bank, can provide a better risk-return balance for long-term investors. Remember to be patient and wait for correction periods before making any significant investments.