Stocks under 1000

Last updated on 22 Jan, 2025 | 16:50 IST

Stocks under ₹1,000 are suitable for investors who look for affordable options to gain from equity markets. These stocks are more accessible due to the lower price and offer attractive opportunities for diversification. However, investors need to conduct deep research and analysis before picking such stocks to mitigate risks such as liquidity and high volatility.

Name
LTP
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STATE BANK OF INDIASTATE BANK OF INDIA
₹753.45
-0.73%
99,03,819
₹6,72,425.50
₹912.00
₹600.65
₹759.05
36.68
ITC LTDITC LTD
₹437.00
-0.12%
96,16,242
₹5,46,761.74
₹528.50
₹399.35
₹437.55
107.64
LIFE INSURA CORP OF INDIALIFE INSURA CORP OF INDIA
₹828.55
-1.07%
9,24,496
₹5,24,057.68
₹1,222.00
₹806.85
₹837.55
68.76
OIL AND NATURAL GAS CORP.OIL AND NATURAL GAS CORP.
₹264.05
-0.65%
79,19,455
₹3,32,182.27
₹345.00
₹223.00
₹265.80
27.71
WIPRO LTDWIPRO LTD
₹309.10
3.60%
3,08,54,841
₹3,23,622.65
₹320.00
₹208.50
₹298.35
114.91
NTPC LTDNTPC LTD
₹322.40
-0.58%
1,10,67,766
₹3,12,620.52
₹448.45
₹296.85
₹324.30
67.31
AXIS BANK LIMITEDAXIS BANK LIMITED
₹959.30
-1.12%
1,73,01,865
₹2,96,933.90
₹1,339.65
₹954.00
₹970.20
47.09
POWER GRID CORP. LTD.POWER GRID CORP. LTD.
₹297.55
-1.58%
97,23,274
₹2,76,739.47
₹366.25
₹235.00
₹302.35
74.57
TATA MOTORS LIMITEDTATA MOTORS LIMITED
₹742.75
-2.36%
1,24,16,505
₹2,73,415.55
₹1,179.00
₹717.70
₹760.75
538.22
COAL INDIA LTDCOAL INDIA LTD
₹379.20
-0.61%
1,06,52,439
₹2,33,690.66
₹543.55
₹361.25
₹381.55
56.51
JSW STEEL LIMITEDJSW STEEL LIMITED
₹919.40
-0.8%
10,79,998
₹2,24,835.04
₹1,063.00
₹761.75
₹926.85
172.50
ZOMATO LIMITEDZOMATO LIMITED
₹216.45
0.88%
17,82,48,467
₹2,08,881.84
₹304.70
₹127.00
₹214.55
450.94
ADANI POWER LTDADANI POWER LTD
₹525.45
-0.62%
35,04,083
₹2,02,662.86
₹895.85
₹432.00
₹528.75
88.91
HINDUSTAN ZINC LIMITEDHINDUSTAN ZINC LIMITED
₹469.35
1.81%
14,88,217
₹1,98,315.35
₹807.70
₹284.60
₹461.00
86.28
BHARAT ELECTRONICS LTDBHARAT ELECTRONICS LTD
₹270.35
-3.1%
2,12,68,495
₹1,97,619.87
₹340.50
₹171.75
₹279.00
181.44
INDIAN OIL CORP LTDINDIAN OIL CORP LTD
₹130.52
-0.42%
91,99,561
₹1,84,310.40
₹196.80
₹121.16
₹131.08
1004.00
INDIAN RAILWAY FIN CORP LINDIAN RAILWAY FIN CORP L
₹140.25
-1.5%
1,91,88,120
₹1,83,285.80
₹229.00
₹116.65
₹142.39
114.02
VARUN BEVERAGES LIMITEDVARUN BEVERAGES LIMITED
₹534.60
-1.27%
44,81,182
₹1,80,775.53
₹681.12
₹488.40
₹541.50
351.71
DLF LIMITEDDLF LIMITED
₹713.80
-3.26%
58,27,781
₹1,76,687.99
₹967.60
₹687.05
₹737.90
927.01
VEDANTA LIMITEDVEDANTA LIMITED
₹451.50
-0.52%
65,35,309
₹1,76,554.02
₹526.95
₹249.50
₹453.90
16.56
JIO FIN SERVICES LTDJIO FIN SERVICES LTD
₹262.80
1.03%
1,90,43,930
₹1,66,960.56
₹394.70
₹237.10
₹260.10
2190.00
TATA STEEL LIMITEDTATA STEEL LIMITED
₹128.92
-0.6%
2,75,00,222
₹1,60,937.63
₹184.60
₹122.62
₹129.70
44.76
POWER FIN CORP LTD.POWER FIN CORP LTD.
₹420.60
-1.7%
79,89,662
₹1,38,802.28
₹580.00
₹351.70
₹427.90
31.77
HINDALCO INDUSTRIES LTDHINDALCO INDUSTRIES LTD
₹613.45
-0.24%
44,25,971
₹1,37,856.11
₹772.65
₹496.35
₹614.95
72.09
HDFC LIFE INS CO LTDHDFC LIFE INS CO LTD
₹618.20
-0.92%
22,95,991
₹1,33,086.27
₹761.20
₹511.40
₹624.00
320.31

*Disclaimer: The scripts listed are solely for research purposes and are not recommendations. Please conduct your own research before making any investment decisions.

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Things to Consider for Stocks Under ₹1,000

1. Fundamental Analysis

Fundamental analysis is a tool to evaluate a company's financial strength, business model, competition and management team. An assessment of key financial metrics of a company helps find out the intrinsic value of the stock and gauge growth potential.

● Earnings Per Share (EPS): A higher EPS means higher profitability for each share of the company. The metric helps calculate the fair value of a share.

● Price to Earnings (P/E) Ratio:This ratio is used to evaluate the fair price of a stock. A low P/E ratio compared to the peers often means the stock is undervalued and there is potential for value growth.

● Debt to Equity Ratio:The ratio shows the susceptibility of a stock to debt levels. A low ratio means the stock is less exposed to debt and interest rate changes.

2. Market Trends and Sector Performance

The general idea is to get a grasp of market trends, historical price movements and sectoral performances. Emerging sectors like renewable hold better growth potential.

3. Liquidity Considerations

Investors need to assess the liquidity position of a stock before making a decision. Stocks under ₹1,000 often have low liquidity which restricts entry and exit at the desired price in case of large number of shares.

4. Management Quality

Good management leads to value growth and often share prices react to changes in top positions. Investors should do research about the management and their qualifications.

5. Short Term or Long Term Investment Plan

It is better to have an idea if investment is made for a long term or short term. Stocks under ₹1,000 often exhibit high volatility to market speculations and can lead to losses in the short term.

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FAQs

Which are the best stocks under ₹1,000?

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Here are some top stocks under ₹1,000 in terms of market valuation:

  • 1. STATE BANK OF INDIA currently trades at ₹753.45 per share with a market valuation of ₹6,72,425.50 crore.
  • 2. ITC LTD currently trades at ₹437.00 per share with a market valuation of ₹5,46,761.74 crore.
  • 3. LIFE INSURA CORP OF INDIA currently trades at ₹828.55 per share with a market valuation of ₹5,24,057.68 crore.
  • 4. OIL AND NATURAL GAS CORP. currently trades at ₹264.05 per share with a market valuation of ₹3,32,182.27 crore.
  • 5. WIPRO LTD currently trades at ₹309.10 per share with a market valuation of ₹3,23,622.65 crore.

How to buy stocks under ₹1,000?

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Follow these steps to buy stocks under ₹1,000

  • 1. Open a Demat Account: You need to open a Demat account with a brokerage firm. Look for a reliable brokerage firm to open the account.
  • 2. Search for Stocks: Choose stocks based on analytical tools, market trends and stock research. Investors can use stock screeners for selecting the stocks.
  • 3. Place a Buy Order: Place orders to buy shares on the trading platform or app provided by the brokerage firm.
  • 4. Monitor Investments: Keep a regular check of your investments to mitigate market risks.

Who should buy stocks under ₹1,000?

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Stocks priced under ₹1,000 are suitable for:

  • 1. Beginner Investors: These stocks are suitable for small investors with a limited budget and those who are new to the stock markets.
  • 2. High-Risk Tolerance: Such stocks exhibit wild swings due to speculations and investors comfortable with high volatility can enter this segment.
  • 3. Diversification: These stocks give exposure to a wide variety of sectors including emerging segments and are suitable for portfolio diversification
  • 4. Cost-sensitive investors: Investors with low capital can enter the segment and buy a large number of shares with limited budget.

What are the risks associated with stocks under ₹1,000?

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Investing in stocks could be risky due to multiple factors from market volatility to sector-specific uncertainties. These stocks could be affected due to economic downturn, policy changes, geopolitical developments and broader market trends. Regulatory framework and policy matters affecting companies in a sector could also lead to negative impact on stock prices. The overall performances of domestic and global financial markets also pose a risk to equities and equity-related instruments. It’s advisable to do a thorough research on market conditions and companies before picking stocks.

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