4 Mid and Small Cap Stocks Below Rs. 100 to Buy Long Term
While cheaper stocks are easier on your wallet because you can buy more of them at a lower price, it's the fundamentals that help your money grow when you invest in those stocks
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Also, here are 4 stocks with strong fundamentals that cost less than Rs. 100 that you can add to your portfolio:
Shree Digvijay Cement
The small-cap cement company has a history of steady growth and doesn't have any debt. In addition, the company is a good dividend payer, with a dividend yield of well over 5%. During Fy22, the business made a net income of Rs. 55.28 crore. Also, compared to the rest of the sector, the stock is trading at a good TTM PE. Technically, there is a bullish engulfing pattern in the stock's strength.
Technically, there is a bullish engulfing pattern in the stock's strength.
TRIDENT
The mid-cap company makes paper from terry towels, yarn, and wheat straw. The business has a lot of cash on its books. A good bit more than 72 percent of the business is also owned by the people who started it. The company's Q4 financial results have gone up by Rs. 181 crore, or 137% compared to the same time last year. Also, the company will get something out of the PLI plans. Still, P/E at the concern is higher than average. Motilal Oswal says that the only worry at the company is that the increase in input costs will hurt the margin.
WELSPUN INDIA
The mid-cap company makes paper out of terry towels, yarn, and wheat straw. The company has a lot of cash on hand. A lot more than 72 percent of the business is also owned by the people who started it. The company's Q4 financial results are up by Rs. 181 crore, or 137% from the same time last year. The company will also get something out of the PLI schemes. Still, the P/E at the concern is higher than average. According to Motilal Oswal, the only worry at the company is that the increase in input costs will hurt the margin.
IDFC INDIA
This mid cap bank, which costs just Rs. 36, is a good bet because its net profit is going up and its profit margin is going up (QoQ). In the last five years, sales have grown at a rate of 35.08 percent per year, which is faster than the average of 12.95 percent per year for the industry. The only danger is the high price, with a P/E of over 40. The bank's net profit keeps going up, and the quality of its assets is also getting better. In the last quarter, the percent of net non-performing assets was 1.53.
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