Stocks under 500

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

Stocks under ₹500 are more affordable to investors at lower capital and enable them to create an investment portfolio with a limited budget. Such stocks could be a suitable option for investors looking forward to starting equity investment with a small amount. However, these stocks come with market risks like high volatility and low liquidity. Investors need to conduct deep research and analysis to reduce market risks and increase the chances of profits.

Name
LTP
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ITC LTDITC LTD
₹437.00
-0.12%
96,16,242
₹5,46,761.74
₹528.50
₹399.35
₹437.55
107.64
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
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
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
ZOMATO LIMITEDZOMATO LIMITED
₹216.45
0.88%
17,82,48,467
₹2,08,881.84
₹304.70
₹127.00
₹214.55
450.94
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
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
REC LIMITEDREC LIMITED
₹462.05
-3.02%
1,02,87,754
₹1,21,668.11
₹654.00
₹408.30
₹476.45
30.38
BHARAT PETROLEUM CORP LTBHARAT PETROLEUM CORP LT
₹277.60
-0.92%
63,00,939
₹1,20,436.91
₹376.00
₹230.05
₹280.20
49.48
BANK OF BARODABANK OF BARODA
₹228.38
-0.53%
99,52,307
₹1,18,103.57
₹299.70
₹216.35
₹229.61
22.54
GAIL (INDIA) LTDGAIL (INDIA) LTD
₹176.46
-1.91%
95,82,298
₹1,16,024.21
₹246.30
₹155.75
₹179.91
43.46
TATA POWER CO LTDTATA POWER CO LTD
₹358.85
-1.92%
59,50,420
₹1,14,664.76
₹494.85
₹338.40
₹365.90
113.56
PUNJAB NATIONAL BANKPUNJAB NATIONAL BANK
₹98.20
-2.11%
3,47,98,510
₹1,12,860.70
₹142.89
₹92.40
₹100.32
25.18
SAMVRDHNA MTHRSN INTL LTDSAMVRDHNA MTHRSN INTL LTD
₹142.74
-2.16%
1,20,44,578
₹1,00,436.08
₹216.99
₹104.20
₹145.90
151.85
SWIGGY LIMITEDSWIGGY LIMITED
₹433.70
-1.53%
1,77,25,936
₹97,081.46
₹617.30
₹391.00
₹440.45
-197.14
NTPC GREEN ENERGY LIMITEDNTPC GREEN ENERGY LIMITED
₹113.96
-2.93%
81,03,526
₹96,026.45
₹155.35
₹109.41
₹117.41
NA
INDIAN OVERSEAS BANKINDIAN OVERSEAS BANK
₹50.30
-1.75%
44,95,138
₹95,079.13
₹83.75
₹43.40
₹51.20
119.76

*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 ₹500

Some of the popular techniques that investors can use to pick stocks under ₹500 are the following.

1. Fundamental Analysis

Fundamental analysis helps determine the intrinsic value of a stock by evaluating economic indicators, financial metrics and company statements. With these techniques, investors can gauge the true value of a stock in comparison to industry peers and the growth potential.

● Earnings Per Share (EPS):A high value of the EPS reflects higher profitability for each outstanding share. It is a key metric in assessing the value of a share.

● Price to Earnings (P/E) Ratio:The P/E ratio helps assess if a stock is fairly valued or undervalued. A low ratio compared to the industry average suggests the stock can be a good buying opportunity.

● Debt to Equity Ratio:The tool reflects the financial stability of a company. A low debt-to-equity ratio shows lower risks to debt and higher financial stability.

2. Market Trends and Sector Performance

Investors need to monitor market trends and the performance of various sectors. Some emerging sectors offer high growth potential but are vulnerable to policy changes which can bring sharp price fluctuations. Data related to historical price trends and trading volume should be analysed in case of stocks under ₹500 to reduce volatility risks.

3. Liquidity Considerations

Stocks under ₹500 often have low liquidity positions, which may make exit and entry at favourable price points difficult for investors at times.

4. Management Quality

Investors must be aware of the top management of a company. Good leaders drive growth while management changes can impact stock prices as it’s closely linked to the company’s future growth prospects.

5. Short Term or Long Term Investment Plan

Investors should set clear goals for the investment. While stocks under ₹500 can witness high volatility in the short term, such stocks often give returns over a long period.

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FAQs

Which are the best stocks under ₹500?

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Here are some top stocks under ₹500 in terms of market valuation:

  • 1. ITC LTD currently trades at ₹437.00 per share with a market valuation of ₹5,46,761.74 crore.
  • 2. OIL AND NATURAL GAS CORP. currently trades at ₹264.05 per share with a market valuation of ₹3,32,182.27 crore.
  • 3. WIPRO LTD currently trades at ₹309.10 per share with a market valuation of ₹3,23,622.65 crore.
  • 4. NTPC LTD currently trades at ₹322.40 per share with a market valuation of ₹3,12,620.52 crore.
  • 5. POWER GRID CORP. LTD. currently trades at ₹297.55 per share with a market valuation of ₹2,76,739.47 crore.

How to buy stocks under ₹500?

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Follow these steps to buy stocks under ₹500:

  • 1. Open a Demat Account: Open a Demat account with a financial services provider or brokerage firm. Select a trustworthy brokerage firm.
  • 2. Search for Stocks: Pick stocks based on research and fundamental analysis. Stock screeners platforms can also be helpful in selecting the stocks for investment.
  • 3. Place a Buy Order: Use the trading platform or app provided by brokerage firm for placing a buy order.
  • 4. Monitor Investments: Regularly monitor your investments and make changes as per market conditions to mitigate investment risks.

Who should buy stocks under ₹500?

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Stocks priced under ₹500 are suitable for:

  • 1. Experience in stock markets: Investors who have some experience in stock markets and understand high risk high reward can buy stocks under ₹500.
  • 2. High Risk Tolerance: Investors who can withstand significant price swings can buy stocks under ₹500.
  • 3. Diversification: Stocks under ₹500 offer an attractive opportunity for diversification across various sectors of the economy.
  • 4. Cost-sensitive investors: Still affordable, stocks under ₹500 are suitable for investors with low capital.

What are the risks associated with stocks under ₹500?

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  • Investing in equities could be riskier due to market volatility. The overall performance of market and economic conditions can lead to unexpected price fluctuations for such stocks.
  • Apart from the broader market conditions, factors like slowdown in a sector, supply chain disruptions and global uncertainties could also affect the stock prices.
  • Company related matters like changes in top management, capital inflow, earnings reports and growth prospects also affect the stock prices.
  • Many companies in this segment could be more vulnerable to government decisions on policy matters and sectoral challenges compared to big firms.
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