Here, we are going to discuss the Top 5 Best Stocks Under 50 Rupees to Invest in 2024. If you plan to invest in stocks priced below 50 rupees, this post may be handy for you.
Investing in the stock market may be more beneficial than other investments like FD, Real State, etc. Because by investing in the stock market you can earn more profits then these.
In this article, we will be exploring the top 5 best stocks under 50 rupees that you can consider investing in 2024.
Top 5 Best Stocks Under 50 Rupees to Invest in 2024
| SL. | Stocks | Market Cap. |
|---|---|---|
| 1 | Punjab National Bank | 54505 Cr. |
| 2 | NHPC Ltd | 39175 Cr. |
| 3 | Indian Railway Finance Corp Ltd | 37245 Cr. |
| 4 | GMR Infrastructure Ltd | 23630 Cr. |
| 5 | CPSE ETF | 23025 Cr |
1. Punjab National Bank
At present, the share price of Punjab National Bank is running around Rs.45, it can be a good stock below Rs.50 in which you can invest for the long term.
It is the third largest public sector bank in India, which was started in 1894 AD, the headquarter of this bank is located in Delhi.
The share of Punjab National Bank is listed in both the stock exchanges of India, NSE, and BSE, you can buy its shares in the exchange of your choice.
If we talk about the last 1 year, then the share of Punjab National Bank has given returns of about 27.97 percent to its investors. For the last few years, this company is performing very well.
Along with this, Punjab National Bank has started providing many facilities to its customers, the result of which we are seeing in its business.
In the coming years, this stock will easily be seen trading at the price of 200-500. That’s why if you want to invest in shares less than Rs 50, then you can invest in the shares of Punjab National Bank.
Read Also- Top 5 Best Stocks Under 30 Rupees to Invest in 2024
2. NHPC Ltd
NHPC Ltd ie National Hydroelectric Power Corporation Limited is a company under the Government of India that mainly produces electricity through hydroelectric power plants.
The hydroelectric power plants of this company are spread across several states in India, and this company has the capacity to generate 7,071 MW of electricity.
Except in the field of hydroelectric power generation, this company is also seen working in the field of power generation, transmission, and trading.
This company is doing very well in comparison to other companies in many areas and this company is involved in project planning, design, engineering, construction, operation, and maintenance of hydroelectric power projects.
Investing in NHPC Ltd can prove to be very beneficial in the future. That’s why if you are looking for stocks below Rs 50, then you must keep some shares of NHPC Ltd in your portfolio.
3. Indian Railway Finance Corp Ltd
It is a public sector company that comes under the Ministry of Railways, Government of India, this company was started in 1986 AD.
Indian Railway Finance Corp Ltd (IRFC Ltd) company is registered as a non-banking finance company, which works for finance for railway projects.
Whenever Indian Railways expand itself, they need a lot of money as an investment, for which finance is required. This company does the work of this finance
This company is playing a very good role in the development of railway infrastructure, that’s why the business of this company is increasing with time. You can feel free to invest in its shares for a long time.
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4. GMR Infrastructure Ltd
GMR Infrastructure Ltd is an Indian company headquartered in Bangalore, the main business of this company is related to infrastructure, along with this company also works in some other areas like transportation, energy, etc.
The business of this company is spread in India as well as in many other countries like the Philippines, Indonesia, Nepal, and Turkey. At present, about 13000 employees work in this company.
For some time, this company has been paying attention to reducing its loan and the loan of this company seems to be reduced gradually.
Good growth is also being seen in the company. It has developed the GMR Hyderabad Aviation SEZ, which is spread across 2500 acres.
If seen from the point of view of investment, then GMR Infrastructure Ltd can be a very good option. You can place some of its shares in your portfolio for the long term.
5. CPSE ETF
CPSE ETF stands for Central Public Sector Enterprises Exchange Traded Fund. It is a fund that invests in various companies. You can also get good returns by investing in it.
CPSE ETF was launched by the Government of India in March 2014 AD and the management of this ETF is done by Reliance Nippon Life Asset Management Limited. This ETF is listed on both NSE and BSE stock exchanges.
According to the future, investing in this ETF can be a very profitable deal. If you invest only in stocks, then you can diversify your portfolio by investing in ETFs.
Read Also- Top 5 Best Stocks Under 20 Rupees to Invest in 2024
Conclusion
Here, we have shared a list of the Best Stocks Under 50 Rupees to Invest in 2024 with you. In this list, we have listed the best stocks with our analysis. According to our analysis, investing in these stocks can be profitable in the future.
But if you want to invest your hard-earned money in the stock market then you should analyze yourself or you should take advice from your financial advisor before investing.
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