Top Stocks under Rs 95: Many of us start our journeys in the stock market with hopes to earn a quick buck. We hear that people buy stocks, keep them in their account for some time and then sell them at a higher price. Anyone with common sense could know that. Albeit, the tough part is knowing which stock to invest in.
Some of them think that they could choose the Top stocks under Rs 95. That way they can buy a good number of shares.
Market experts suggest that choosing stocks just because of their price is a bad way to choose. In this article, we shall take a look at some of the Top stocks under Rs 95 based on certain parameters.
These parameters indicate that the companies are relatively safer to invest in, based on their fundamentals.
Top Stocks Under Rs 95
| Company | Trident Limited | Indian Oil Corporation Limited | Steel Authority of India Limited | IIFL Securities Limited | Manali Petrochemicals Limited |
|---|---|---|---|---|---|
| Current Market Price | 36.75 | 71.45 | 79.75 | 73.15 | 94.25 |
| Face Value (₹) | 1 | 10 | 10 | 2 | 5 |
| EPS (₹) | 1.48 | 13.25 | 22.15 | 9.24 | 19.63 |
| ROE (%) | 21.68 | 18.79 | 22.58 | 25.89 | 36.98 |
| Debt to Equity | 0.41 | 0.93 | 0.25 | 0.51 | 0.02 |
| Current Ratio | 1.27 | 0.76 | 0.73 | 1.14 | 4.92 |
| Market Cap (Cr) | 18727 | 100,896 | 32,940 | 2,224 | 1,621 |
| Promoter’s Holdings (%) | 72.94 | 51.5 | 65 | 31.29 | 44.86 |
| Dividend Yield (%) | 0.98 | 15.96 | 10.97 | 4.1 | 2.65 |
| Stock P/E (TTM) | 24.83 | 5.39 | 3.6 | 7.92 | 4.8 |
| Sector PE | 12.53 | 23.7 | 5.33 | 38.63 | 15.64 |
| Net Profit Margin | 11.9 | 4.15 | 11.42 | 25.89 | 22.79 |
Let’s take a look at their businesses, shall we?
Top Stocks under Rs 95 # 1 – Indian Oil Corporation Limited
Indian Oil Corporation Limited is a Maharatna company, controlled by the Government of India. It is a diversified and integrated energy major with a presence in almost all streams of oil, gas, petrochemicals, and alternative energy sources. The company is at Rank 142 on the Fortune 500 list, India’s highest rank Energy PSU.
It is one of the largest refining companies in India with 80.55 MMTPA of Group Refining Capacity and more than 15,000 km of cross-country pipelines. Moreover, the company is also forging crucial partnerships to strengthen the Green Hydrogen ecosystem in India.
In addition, it has achieved the milestone of installing over 2000 EV charging stations at IndianOil Fuel Stations.
Indian oil corporation owns about 73% of crude pipelines and 52% of product pipelines in India. It is a leader in market infrastructure and controls 42% of retail outlets, 50% of LPG distributorship, and 47% of Aviation Fuel stations in India.
The company has a presence in Sri Lanka, Mauritius, UAE, Singapore, Sweden, the USA, and the Netherlands through its subsidiaries. Further, it holds a 51.89% stake in Chennai Petroleum Corporation Ltd, it’s subsidiary.
IOCL Singapore Pte Ltd and Petronet LNG Ltd are a few other major subsidiaries of the company.
Top Stocks Under Rs 95 # 2 – Steel Authority of India Limited
Steel Authority of India Limited (SAIL) is a Maharatna company. It is one of the largest steel-making companies in India. It produces iron and steel at five integrated plants and three special steel plants.
These plants are located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures a variety of steel products.
The company produces both basic and special steel for domestic construction, engineering, power, railway, automotive, and defense industries and for sale in export markets.
Some of the products that it produces are hot and cold rolled sheets and coils, galvanized sheets, electrical sheets, and structural.
Moreover, its flat steel products are much in demand in the domestic as well as the international market.
Top Stocks under Rs 95 # 3 – Trident Limited
Trident Limited is the flagship company of the Trident Group. It manufactures yarn, bath linen, bed linen, wheat straw-based paper, chemicals, and captive power. The company has manufacturing facilities in Barnala (Punjab) and Budhni (Madhya Pradesh).
Trident Limited caters to all segments of the market – brands, department stores, home specialty chains, mass merchants, and institutional customers. Most of their clients are from India, the USA, Europe, Australia, and New Zealand.
It is one of the largest manufacturers of terry towels in the world. Further, it is the world’s largest wheat straw-based paper manufacturer and the second largest player in home textiles, and the third-largest yarn manufacturer in India.
It has proposed the expansion in the State of Madhya Pradesh with a total capital outlay of ₹ 7,200 Cr by 2025. Further, the company has drastically reduced its debt since 2019.
Top Stocks under Rs 95 # 4 – IIFL Securities
IIFL Securities Limited, (formerly India Infoline Limited) is the broking arm of the IIFL group. It is one of the largest independent full-service retail and institutional broking house in India.
Further, it provides diversified financial services and products to corporates, institutional investors, foreign portfolio investors, mutual funds, and other classes of investors.
The company was incorporated in 1996. Since then, it has served over 2.4 million customers through a network of about 2,500 points of presence covering its branches and business partners in over 500 cities in India. It has a pan -India presence with more than 11 lakh active clients.
IIFL Securities in February 2021 won the bid to acquire nearly 11 lakh demat accounts held by Karvy Stock Broking.
Products and services
Some of its major products and services are:
- Retail broking for equities, commodities, and currency.
- Financial planning, depository participant services, mutual fund distribution, bonds, PMS, AIF, retirement planning, and estate planning.
- Broking services, corporate access & research support in institutional broking.
- Investment banking – Initial Public Offer (IPO), Qualified Institutional Placement (QIP), rights issues, preferential placement, Follow-on Public Offer (FPO), mergers & acquisitions, share buybacks, tender offers and delisting, and advisory services.
Top Stocks under Rs 95 # 5- Manali Petrochemicals
Manali Petrochemicals is engaged in the manufacturing and selling of Propylene Oxide (PO), Propylene Glycol (PG) and Polyols (PY) which are used in industrial raw materials. The company is located in Chennai and is the only domestic manufacturer of Propylene Glycol.
Further, it is the first and largest Indian manufacturer of Propylene Oxide which is the input material for the aforesaid derivative products.
Chennai Petroleum Corporation Limited is the major supplier of propylene that the company uses. The Indian Polyol market under normal circumstances is dominated by imports. Major players have set up large capacity plants globally and they enjoy subsidies from local governments.
Key Metrics
| Company | Trident Limited | Indian Oil Corporation Limited | Steel Authority of India Limited | IIFL Securities Limited | Manali Petrochemicals Limited |
|---|---|---|---|---|---|
| Current Market Price | 36.75 | 71.45 | 79.75 | 73.15 | 94.25 |
| Face Value (₹) | 1 | 10 | 10 | 2 | 5 |
| EPS (₹) | 1.48 | 13.25 | 22.15 | 9.24 | 19.63 |
| ROE (%) | 21.68 | 18.79 | 22.58 | 25.89 | 36.98 |
| Debt to Equity | 0.41 | 0.93 | 0.25 | 0.51 | 0.02 |
| Current Ratio | 1.27 | 0.76 | 0.73 | 1.14 | 4.92 |
| Market Cap (Cr) | 18727 | 100,896 | 32,940 | 2,224 | 1,621 |
| Promoter’s Holdings (%) | 72.94 | 51.5 | 65 | 31.29 | 44.86 |
| Dividend Yield (%) | 0.98 | 15.96 | 10.97 | 4.1 | 2.65 |
| Stock P/E (TTM) | 24.83 | 5.39 | 3.6 | 7.92 | 4.8 |
| Sector PE | 12.53 | 23.7 | 5.33 | 38.63 | 15.64 |
| Net Profit Margin | 11.9 | 4.15 | 11.42 | 25.89 | 22.79 |
- The Steel Authority of India has the highest EPS (earnings per share), followed by Manali Petrochemicals Limited and Indian Oil Corporation Limited.
- Manali Petrochemicals has given the highest return on equity (ROE), however, the other companies also have high ROEs.
- All the companies have an ideal debt-to-equity ratio, which is, between zero and one.
- Manali Petrochemicals has a high current ratio. However, the Indian Oil Corporation and Steel Authority of India has a very low current ratio.
- IIFL Securities Limited and Manali Petrochemicals have low promoter holdings as compared to the other three companies.
- The dividend yield for the Indian Oil Corporation and Steel Authority of India is impressive. IIFL Securities as well as Manali Petrochemicals have a good dividend yield. However, the dividend yield for Trident Limited is not that great.
- Low PE ratios are favorable in general. A high PE suggests that investors are expecting higher earnings growth in the future compared to companies with a lower PE.
- IIFL Securities and Manali Petrochemicals have a good net profit margin.
Bonus
| Sl Number | Company | CMP (₹) | Market Capitalization (₹ in Crores) |
|---|---|---|---|
| 1 | Marksans Pharma | 52.2 | 2136.62 |
| 2 | Punjab Alkalies | 74.65 | 1809.09 |
| 3 | Dolat Algotech | 68.4 | 1205.58 |
| 4 | KMC Speciality | 55.6 | 906.84 |
| 5 | Khaitan Chemical | 85.6 | 834.51 |
| 6 | Arihant Capital | 76.5 | 793.26 |
| 7 | Andhra Petrochem | 83.4 | 708.65 |
| 8 | Shyam Century | 21.55 | 476.61 |
| 9 | Balu Forge | 56.65 | 472.26 |
| 10 | Kothari Petroche | 76.25 | 448.71 |
In Closing
In this article, we took a look at some of the Top stocks under Rs 95. We understood their business and compared them on the basis of key metrics. Later, we took a look at a few more stocks under Rs 95.
Investors should do a complete fundamental analysis of stocks before they invest in them. It is important to keep a track of developments regarding a company that they wish to invest in.
Sometimes, adverse news can materially affect their investment decision. That’s all for this article folks. We hope to see you around. Happy investing, until next time!
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