Top 5 Best Stocks Under 30 Rupees to Invest in 2024: Through today’s post, we will give information about 5 such stocks of your Indian stock market, whose current price is less than Rs.30, that is, which is currently trading at less than Rs.30.
Stocks less than Rs.30 are also kept in the category of penny stocks, but there are some companies whose fundamentals and sector are very good and their shares are currently available for less than Rs.30.
Investing in such a company is sometimes a very profitable deal, but sometimes it also becomes a loss, so do not invest more than 5 percent of your savings in such shares.
If your budget for investing is tight then you can look for Best Stocks Under 20 Rupees.
Top 5 Best Stocks Under 30 Rupees to Invest in 2024
| Stock Name | Current Price | Market Cap |
|---|---|---|
| Bank of Maharashtra | 28.8 | 19383 Cr. |
| Brightcom Group Ltd | 21.85 | 4430 Cr. |
| UCO Bank | 27.2 | 32,627 Cr. |
| Vakrangee Ltd | 23 | 2434 Cr. |
| Morepen Laboratories Ltd | 26 | 1355 Cr. |
1. Bank of Maharashtra
As it is known from its name that its business is related to the banking sector. And the stock of this company seems to be trading at less than Rs.30. If we talk about its total market value, then its total market value is Rs 19383 crore and at present its share is trading at Rs 28.8.
The business of this company is mainly spread in the state of Maharashtra and due to high debt in the company, it is not able to expand its business in more areas.
For the last few years, there is no good growth in the company’s business and there is some risk due to high debt in the company, but if the management of the company works with good decisions, then its business can be good in the future also it can benefit its investors
2. Brightcom Group Ltd
Basically this is a digital marketing company which was founded in the year of 2000, but its stock was listed on Indian stock market in the year of 2015.
In the time of listing, it’s share price was between 13 to 14 rupees, But after the listing, its share price fell drastically and this share started trading between Rs.1 to Rs.3.
But in the year 2021, there was a lot of growth in its stock and its stock reached around Rs.110.
Presently the stock of this company is trading between 20 to 25 rupees. That is why this can be good pick for the list of Best Shares under 30 rupees.
3. UCO Bank
This company is related to banking sector and the share of UCO bank is trading at around 30 rupees currently.
If you are looking for stocks below Rs 30 then UCO Bank can be a good option.
The market value of this company is Rs 32,627 crore, and this company has shown a profit growth of 20.1% CAGR in the last 5 years.
4. Vakrangee Ltd
Vakrangee Ltd is a technology driven company and it’s majority of business is spread in the field of technology.
This company was introduces in the year of 1990 and this company was listed on Indian stock market in the year of 2005, in that this its share price was only 1.32 INR.
Currently it’s share is trading at around 23 rupees and it has a lot of potential to give very good returns in the upcoming years.
Vakrangee Ltd is almost debt free and its Stock is trading at 0.89 times its book value which gives a kick to invest in this company.
5. Morepen Laboratories Ltd
Morepen Laboratories Ltd’s business is related to Pharma sector and this company is involved in manufacturing, producing, developing and marketing activities.
The market value of this company is 1,355 Cr and its current share price is ₹ 26.6, but the way the company is performing, we can see tremendous growth in its stock in the coming years.
Read Also- Top 5 Best Stocks Under 20 Rupees to Invest in 2024
Conclusion
Through this post, we have shared the information of Top 5 Best Stocks Under 30 Rupees to Invest in 2024 with you. Hope, these information would be very beneficial for you.
If you found this post valuable then please do share this post with your friends as well.
Read Also