Best Low Price Shares To Buy in 2024

The table below shows the Best Low Price Shares To Buy in 2024 based on Market Capitalization & 1Y return.

Introduction to Best Low Price Shares To Buy

Canara Bank Ltd

The Market Cap of Canara Bank is Rs. 93,110.24 crores. The stock’s monthly return is -6.92%. Over the past year, the return is 33.54%. The stock is 25.57% away from its 52-week high.

Canara Bank, established in 1906, is one of India’s largest public sector banks, providing a range of banking and financial services. With a strong network of branches across India, it has played a significant role in the country’s economic growth, offering products in retail banking, corporate banking, and wealth management.

Union Bank of India Ltd

The Market Cap of Union Bank of India is Rs. 89,442.96 crores. The stock’s monthly return is -5.12%. Over the past year, the return is 15.32%. The stock is 47.22% away from its 52-week high.

Union Bank of India, founded in 1919, is a leading public sector bank. It offers an array of financial products and services including loans, deposits, and investment solutions. The bank has a strong presence in both urban and rural India, focusing on inclusive growth through digital banking initiatives and social development programs.

Bank of India Ltd

The Market Cap of Bank of India is Rs. 49,482.95 crores. The stock’s monthly return is -3.35%. Over the past year, the return is 13.4%. The stock is 45.32% away from its 52-week high.

Bank of India, founded in 1906, is one of the oldest public sector banks in India. With a vast network of branches, the bank offers a variety of financial services including savings accounts, loans, and corporate banking solutions. It has a strong presence in both domestic and international markets, focusing on digital banking and modernization.

New India Assurance Company Ltd

The Market Cap of New India Assurance Company is Rs. 32,290.91 crores. The stock’s monthly return is -13.76%. Over the past year, the return is 41.12%. The stock is 65.71% away from its 52-week high.

New India Assurance Company, established in 1919, is one of India’s largest public sector general insurance companies. It provides a wide range of insurance products, including health, automobile, and property insurance. The company’s reach extends globally, with subsidiaries in several countries, and it plays a significant role in India’s insurance sector.

Jammu and Kashmir Bank Ltd

The Market Cap of Jammu and Kashmir Bank is Rs. 11,059.18 crores. The stock’s monthly return is -6.49%. Over the past year, the return is -5.79%. The stock is 51.85% away from its 52-week high.

Jammu and Kashmir Bank, founded in 1938, is a premier private sector bank offering a range of financial services. It is a major player in the banking sector in the Jammu and Kashmir region, providing services such as retail banking, corporate banking, and asset management. The bank continues to innovate in digital banking solutions.

Karnataka Bank Ltd

The Market Cap of Karnataka Bank is Rs. 8,196.68 crores. The stock’s monthly return is -10.29%. Over the past year, the return is -5.47%. The stock is 32.03% away from its 52-week high.

Karnataka Bank, founded in 1924, is a private sector bank offering a wide range of financial services including savings accounts, loans, and wealth management. Headquartered in Mangalore, the bank serves customers across India with a focus on technology-driven banking and financial inclusion programs.

South Indian Bank Ltd

The Market Cap of South Indian Bank is Rs. 6,409.89 crores. The stock’s monthly return is 1.14%. Over the past year, the return is 9.98%. The stock is 50.54% away from its 52-week high.

South Indian Bank, established in 1929, is a private sector bank headquartered in Thrissur, Kerala. The bank offers a range of banking products and services including retail banking, business banking, and NRI services. Known for its customer-centric approach, it is expanding its footprint through digital banking solutions.

PTC India Ltd

The Market Cap of PTC India is Rs. 5,383.80 crores. The stock’s monthly return is -11.12%. Over the past year, the return is 29.5%. The stock is 39.98% away from its 52-week high.

PTC India, incorporated in 1999, is a leading power trading company in India. The company specializes in the trading of electricity, providing solutions for power generation and distribution companies. It plays a significant role in India’s power sector by facilitating electricity trading across regional grids and supporting energy reforms.

DCB Bank Ltd

The Market Cap of DCB Bank is Rs. 3,852.55 crores. The stock’s monthly return is -3.1%. Over the past year, the return is 7.16%. The stock is 33.04% away from its 52-week high.

DCB Bank, founded in 1930, is a private sector bank based in Mumbai. The bank offers a wide range of banking services, including personal banking, commercial banking, and micro-financing. It is known for its emphasis on digital banking and customer service, with a network of branches across India.

Prakash Industries Ltd

The Market Cap of Prakash Industries is Rs. 2,987.62 crores. The stock’s monthly return is -8.36%. Over the past year, the return is 5.39%. The stock is 42.06% away from its 52-week high.

Prakash Industries, established in 1980, is a leading player in the iron and steel industry. The company manufactures a wide range of products, including steel, iron, and ferro alloys. With a strong focus on sustainable production, it supplies raw materials to various industries, contributing to India’s infrastructure growth.

What Are Low Price Shares?

Low price shares, also known as penny stocks, are shares of companies trading at a lower price, typically below ₹300 per share. These stocks are often associated with smaller companies and have the potential for high returns, though they can be volatile.

These shares are popular among risk-tolerant investors seeking opportunities for quick growth. Due to their low prices, they are accessible to a wide range of investors, allowing them to buy larger quantities of shares even with limited capital.

Features Of Low Price Shares List

The main features of low price shares include affordability, high volatility, and the potential for significant price swings. They are generally associated with smaller companies, making them more speculative in nature. Investors often target them for higher risk-reward opportunities.

• Affordability: Low price shares allow investors to purchase larger quantities with smaller amounts of capital, making them accessible to individuals with limited budgets.
• Volatility: These stocks can experience significant price fluctuations, often driven by news, company performance, or broader market conditions.
• Speculative Nature: Many low-price stocks belong to small-cap companies, making them more speculative and potentially riskier compared to established firms.
• Potential for High Returns: Although risky, low price shares have the potential to generate high returns if the underlying company experiences growth or market momentum.

Low Price Shares List Based on 6 Month Return

The table below shows the Low Price Shares List Based on 6 Month Return.

Best Low Price Shares To Buy In India Based on 5 Year Net Profit Margin

The table below shows the Best Low Price Shares To Buy In India Based on 5 Year Net Profit Margin.

Top Low Price Share Based on 1M Return

The table below shows the Top Low Price Share Based on a 1-month return.

High Dividend Best Low Price Shares To Buy Today NSE

The table below shows High Dividend Best Low Price Shares To Buy Today NSE.

Historical Performance of Best Low Price Shares To Buy

The table below shows the Historical Performance of the Best Low Price Shares To Buy based on Market Cap and 5Y Return.

Factors To Consider When Investing In Best Low Price Share In India

The main factors to consider include company fundamentals, liquidity, market trends, and the potential for growth. Investors should carefully analyze these aspects to determine whether low price shares can meet their investment goals while minimizing associated risks.

• Company Fundamentals: Assess the financial health of the company by analyzing revenue, profits, and debt levels. Strong fundamentals increase the likelihood of future growth and profitability.
• Liquidity: Ensure that the stock has enough trading volume for ease of buying and selling. Illiquid stocks can be difficult to exit during market downturns.
• Market Trends: Track broader market trends and industry-specific factors affecting the stock. Understanding market momentum can help in timing purchases or sales.
• Growth Potential: Evaluate the company’s business model, future expansion plans, and competitive edge. Companies with strong growth prospects offer higher potential for returns.

How To Invest In Best Low Price Shares?

Start by researching promising low price stocks, focusing on companies with solid fundamentals and growth potential. Use a trusted brokerage platform like Alice Blue to open an account and begin investing. Monitoring market trends can help you make informed investment decisions.

Diversifying your portfolio is essential to managing risks when investing in low price shares. Spread your investments across different sectors or companies to avoid overexposure to a single stock, ensuring better protection against potential losses.

Impact of Government Policies on Best Low Price Shares

Government policies significantly influence low price shares, especially those in regulated sectors like telecom, infrastructure, and energy. Favorable policies such as tax incentives or financial support can lead to increased profitability and stock price growth.

Conversely, stricter regulations or changes in industry guidelines can negatively impact low price stocks, increasing operational costs and affecting profit margins. Investors should stay informed about policy changes to assess potential impacts on their investments.

How Low Price Shares Perform in Economic Downturns?

Low price shares tend to experience higher volatility during economic downturns due to their speculative nature. Market uncertainty can cause rapid fluctuations in stock prices, and investors may become wary of companies with weaker financials.

However, some low price stocks might benefit from shifts in market dynamics, such as increased demand for essential goods or cost-saving innovations. Investors must be cautious and selective in their approach during economic challenges.

Advantages Of Investing In Best Low Price Shares?

The main advantage of investing in low price shares is their potential for significant returns due to their affordability and ability to grow rapidly. Investors willing to take on higher risks may find these stocks rewarding over time.

• Affordable Entry Point: Low price shares allow investors to build a diversified portfolio with relatively low capital, making it accessible for beginners.
• High Return Potential: These stocks can deliver exceptional gains if the company succeeds or experiences market momentum, leading to sharp price increases.
• Portfolio Diversification: Including low price shares in a portfolio can add diversity across sectors, reducing dependence on high-value stocks.
• Growth Opportunities: Low price shares often belong to small-cap companies with high growth potential, offering investors a chance to capitalize on early-stage investments.

Risks Of Investing In Best Low Price Shares?

The main risks of investing in the best low price shares include market volatility, lack of liquidity, and weak fundamentals. Investors should be prepared for the possibility of significant price swings and difficulty in selling their shares during unfavorable market conditions.

• High Volatility: Low price stocks are prone to rapid price changes, which can lead to significant losses if the market sentiment shifts negatively.
• Liquidity Issues: Many low price shares are illiquid, making it hard to buy or sell large quantities without affecting the market price.
• Weak Fundamentals: Some low price companies have weaker financial health, increasing the risk of failure or bankruptcy, which can lead to total investment loss.
• Speculative Nature: These stocks are often highly speculative, and investing in them requires thorough research and a higher tolerance for risk.

Low Price Shares GDP Contribution

Low price shares contribute to India’s GDP by providing capital to small and mid-sized companies. These companies, often in growth phases, drive economic activity in various sectors, including manufacturing, technology, and services.

Additionally, low price shares encourage investor participation across a wider demographic, supporting financial inclusion and boosting capital market liquidity. Their growth contributes to overall market dynamism, benefiting the broader economy.

Who Should Invest in the Best Low Price Shares?

Investing in low price shares is suitable for individuals with a high-risk tolerance and a long-term outlook. Those interested in speculative investments and high-growth opportunities may find these stocks appealing, as they offer the potential for significant returns.

Additionally, investors looking to diversify their portfolios and gain exposure to smaller companies can benefit from low price shares. However, careful research and a clear understanding of market risks are essential for success.

Best Low Price Shares To Buy Today – FAQs  

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.