Best Low Price Shares To Buy in 2024

The table below shows the Best Low Price Shares To Buy in 2024 based on Market Capitalization & 1Y return.

Introduction to Best Low Price Shares To Buy

Vodafone Idea Ltd

The Market Cap of Vodafone Idea Ltd is ₹58,687.25 crore, with a monthly return of -2.49% and a yearly return of -37.57%. The stock is 27.38% away from its 52-week high.

Vodafone Idea Ltd, a key player in the Indian telecom sector, has faced significant challenges in recent years, including intense competition and financial instability. The company, a merger between Vodafone India and Idea Cellular, provides a wide range of telecommunications services such as mobile internet, broadband, and enterprise solutions.

Despite operational struggles and debt issues, Vodafone Idea remains a major contender in the market, offering value-driven plans and services to a large customer base. It has also ventured into 5G trials, aiming to improve its service offerings and stay relevant in the ever-evolving telecom space.

Jaiprakash Power Ventures Ltd

The Market Cap of Jaiprakash Power Ventures Ltd is ₹13,700.06 crore, with a monthly return of 4.15% and a yearly return of 48.56%. The stock is 63.18% away from its 52-week high.

Jaiprakash Power Ventures Ltd is a leading energy and infrastructure company in India, primarily involved in power generation, distribution, and transmission. It operates several thermal power plants and has a diversified portfolio, which includes significant interests in cement and other infrastructure projects. The company’s consistent efforts in expanding its capacity have played a vital role in its long-term growth.

Recently, Jaiprakash Power Ventures has benefitted from rising energy demands and operational efficiency improvements, which have significantly boosted its financial performance. Its solid growth trajectory and future expansion plans position it as a key player in the Indian energy sector, catering to both domestic and international markets.

RattanIndia Power Ltd

The Market Cap of RattanIndia Power Ltd is ₹7,625.55 crore, with a monthly return of -8.58% and a yearly return of 52.02%. The stock is 79.75% away from its 52-week high.

RattanIndia Power Ltd is an integrated power company that generates electricity primarily from thermal sources. The company operates a significant thermal power plant with a total installed capacity of around 1,350 MW. RattanIndia Power has focused on optimizing its plant operations, improving plant efficiency, and reducing costs to increase profitability.

With rising energy consumption and increasing government focus on renewable energy, the company is also exploring green energy opportunities to diversify its portfolio. Despite volatility in the power sector, RattanIndia Power’s focus on operational efficiency and expanding power generation capacity offers a strong foundation for future growth.

Easy Trip Planners Ltd

The Market Cap of Easy Trip Planners Ltd is ₹5,798.12 crore, with a monthly return of 2.35% and a yearly return of -12.64%. The stock is 15.17% away from its 52-week high.

Easy Trip Planners Ltd, popularly known as EaseMyTrip, is one of India’s leading online travel agencies. The company offers a wide range of travel services, including flight booking, hotel reservations, holiday packages, and car rentals. It has carved a niche for itself with its customer-centric approach, transparent pricing, and zero convenience fee policy.

The company has been expanding its presence in the global market and diversifying its offerings by partnering with other travel service providers. Despite challenges in the travel sector due to economic fluctuations and the pandemic, Easy Trip Planners has maintained a strong customer base, which reflects its consistent growth trajectory and potential in the evolving travel industry.

Hathway Cable and Datacom Ltd

The Market Cap of Hathway Cable and Datacom Ltd is ₹3,163.18 crore, with a monthly return of -8.88% and a yearly return of -10.25%. The stock is 20.58% away from its 52-week high.

Hathway Cable and Datacom Ltd is a leading cable broadband and cable television service provider in India. The company offers high-speed internet services, HD digital cable television, and voice over internet protocol (VoIP) services to residential and commercial customers across various regions. Hathway is known for its strong presence in urban and semi-urban markets.

In recent years, Hathway has been focusing on expanding its broadband business, which has seen a surge in demand due to the increasing need for internet connectivity. The company’s efforts to improve its infrastructure and upgrade service offerings aim to enhance its market position, despite the competition from other broadband and OTT service providers.

Salasar Techno Engineering Ltd

The Market Cap of Salasar Techno Engineering Ltd is ₹2,738.66 crore, with a monthly return of -13.63% and a yearly return of 50.57%. The stock is 60.53% away from its 52-week high.

Salasar Techno Engineering Ltd is an engineering and infrastructure company specializing in the manufacturing of steel structures and the execution of power transmission and distribution projects. The company’s services span various sectors, including infrastructure, power, and telecommunications. It offers solutions in the design, manufacture, and installation of steel structures.

Salasar has a strong track record of completing large-scale projects across India and is expanding its presence in international markets. Its robust project pipeline, coupled with its capabilities in engineering and manufacturing, positions it well to benefit from India’s growing infrastructure demand. Despite short-term challenges, the company’s long-term prospects remain positive.

Unitech Ltd

The Market Cap of Unitech Ltd is ₹2,715.72 crore, with a monthly return of -4.96% and a yearly return of 63.44%. The stock is 71.90% away from its 52-week high.

Unitech Ltd is a prominent real estate development company in India, known for its residential and commercial projects. With a diverse portfolio, the company has been involved in developing residential complexes, townships, and office spaces. Despite facing financial issues and legal challenges in recent years, Unitech continues to remain active in the real estate market.

The company is focusing on debt reduction and completing its ongoing projects to restore investor confidence. The revival of India’s real estate sector and increasing demand for affordable housing present opportunities for Unitech to improve its market position. With strategic focus on new developments, Unitech is positioning itself for a potential rebound.

GTL Infrastructure Ltd

The Market Cap of GTL Infrastructure Ltd is ₹2,702.28 crore, with a monthly return of -4.91% and a yearly return of 93.64%. The stock is 111.00% away from its 52-week high.

GTL Infrastructure Ltd is a leading provider of infrastructure services in the telecommunications sector, specializing in tower operations, network management, and telecom infrastructure solutions. The company provides a wide array of services, including tower leasing and infrastructure management for telecom operators. GTL Infrastructure is a major player in India’s expanding mobile communication and data services sector.

Despite market volatility, GTL Infrastructure has shown strong growth potential, mainly due to the rapid expansion of 4G and upcoming 5G networks in India. With a strong portfolio of telecom assets, the company is well-positioned to capitalize on the growing demand for mobile services and infrastructure, ensuring long-term growth in the evolving telecom landscape.

Media Matrix Worldwide Ltd

The Market Cap of Media Matrix Worldwide Ltd is ₹2,233.77 crore, with a monthly return of -7.01% and a yearly return of -3.99%. The stock is 41.03% away from its 52-week high.

Media Matrix Worldwide Ltd is a media and entertainment company offering a wide range of services, including advertising, digital media solutions, and event management. The company has a strong presence in both traditional and digital media platforms, with a particular focus on integrating innovative technology into its media services.

With the increasing shift towards digital media consumption, Media Matrix has positioned itself to capitalize on digital advertising, social media marketing, and other online platforms. Although facing market pressures, the company’s diversified services and strong client relationships provide it with a solid foundation for growth in the competitive media sector.

Orient Green Power Company Ltd

The Market Cap of Orient Green Power Company Ltd is ₹2,161.90 crore, with a monthly return of -7.46% and a yearly return of -17.00%. The stock is 11.24% away from its 52-week high.

Orient Green Power Company Ltd is an Indian renewable energy company focused on wind and biomass power generation. The company owns and operates several renewable energy projects across India, with a substantial capacity in wind energy generation. As the world shifts towards sustainable energy solutions, the company is well-positioned in the growing renewable energy sector.

However, the company has faced challenges in the past due to fluctuating energy prices and regulatory hurdles. Nevertheless, its commitment to sustainability and long-term growth, along with its expanding renewable energy portfolio, provides significant potential for value creation in the green energy space.

What Are Low Price Shares?

Low price shares, also known as penny stocks, are shares of companies trading at a lower price, typically below ₹300 per share. These stocks are often associated with smaller companies and have the potential for high returns, though they can be volatile.

These shares are popular among risk-tolerant investors seeking opportunities for quick growth. Due to their low prices, they are accessible to a wide range of investors, allowing them to buy larger quantities of shares even with limited capital.

Features Of Low Price Shares List

The main features of low price shares include affordability, high volatility, and the potential for significant price swings. They are generally associated with smaller companies, making them more speculative in nature. Investors often target them for higher risk-reward opportunities.

• Affordability: Low price shares allow investors to purchase larger quantities with smaller amounts of capital, making them accessible to individuals with limited budgets.
• Volatility: These stocks can experience significant price fluctuations, often driven by news, company performance, or broader market conditions.
• Speculative Nature: Many low-price stocks belong to small-cap companies, making them more speculative and potentially riskier compared to established firms.
• Potential for High Returns: Although risky, low price shares have the potential to generate high returns if the underlying company experiences growth or market momentum.

Low Price Shares List Based on 6 Month Return

The table below shows the Low Price Shares List Based on 6 Month Return.

Best Low Price Shares To Buy In India Based on 5 Year Net Profit Margin

The table below shows the Best Low Price Shares To Buy In India Based on 5 Year Net Profit Margin.

Top Low Price Share Based on 1M Return

The table below shows the Top Low Price Share Based on a 1-month return.

High Dividend Best Low Price Shares To Buy Today NSE

The table below shows High Dividend Best Low Price Shares To Buy Today NSE.

Historical Performance of Best Low Price Shares To Buy

The table below shows the Historical Performance of the Best Low Price Shares To Buy based on Market Cap and 5Y Return.

Factors To Consider When Investing In Best Low Price Share In India

The main factors to consider include company fundamentals, liquidity, market trends, and the potential for growth. Investors should carefully analyze these aspects to determine whether low price shares can meet their investment goals while minimizing associated risks.

• Company Fundamentals: Assess the financial health of the company by analyzing revenue, profits, and debt levels. Strong fundamentals increase the likelihood of future growth and profitability.
• Liquidity: Ensure that the stock has enough trading volume for ease of buying and selling. Illiquid stocks can be difficult to exit during market downturns.
• Market Trends: Track broader market trends and industry-specific factors affecting the stock. Understanding market momentum can help in timing purchases or sales.
• Growth Potential: Evaluate the company’s business model, future expansion plans, and competitive edge. Companies with strong growth prospects offer higher potential for returns.

How To Invest In Best Low Price Shares?

Start by researching promising low price stocks, focusing on companies with solid fundamentals and growth potential. Use a trusted brokerage platform like Alice Blue to open an account and begin investing. Monitoring market trends can help you make informed investment decisions.

Diversifying your portfolio is essential to managing risks when investing in low price shares. Spread your investments across different sectors or companies to avoid overexposure to a single stock, ensuring better protection against potential losses.

Impact of Government Policies on Best Low Price Shares

Government policies significantly influence low price shares, especially those in regulated sectors like telecom, infrastructure, and energy. Favorable policies such as tax incentives or financial support can lead to increased profitability and stock price growth.

Conversely, stricter regulations or changes in industry guidelines can negatively impact low price stocks, increasing operational costs and affecting profit margins. Investors should stay informed about policy changes to assess potential impacts on their investments.

How Low Price Shares Perform in Economic Downturns?

Low price shares tend to experience higher volatility during economic downturns due to their speculative nature. Market uncertainty can cause rapid fluctuations in stock prices, and investors may become wary of companies with weaker financials.

However, some low price stocks might benefit from shifts in market dynamics, such as increased demand for essential goods or cost-saving innovations. Investors must be cautious and selective in their approach during economic challenges.

Advantages Of Investing In Best Low Price Shares?

The main advantage of investing in low price shares is their potential for significant returns due to their affordability and ability to grow rapidly. Investors willing to take on higher risks may find these stocks rewarding over time.

• Affordable Entry Point: Low price shares allow investors to build a diversified portfolio with relatively low capital, making it accessible for beginners.
• High Return Potential: These stocks can deliver exceptional gains if the company succeeds or experiences market momentum, leading to sharp price increases.
• Portfolio Diversification: Including low price shares in a portfolio can add diversity across sectors, reducing dependence on high-value stocks.
• Growth Opportunities: Low price shares often belong to small-cap companies with high growth potential, offering investors a chance to capitalize on early-stage investments.

Risks Of Investing In Best Low Price Shares?

The main risks of investing in the best low price shares include market volatility, lack of liquidity, and weak fundamentals. Investors should be prepared for the possibility of significant price swings and difficulty in selling their shares during unfavorable market conditions.

• High Volatility: Low price stocks are prone to rapid price changes, which can lead to significant losses if the market sentiment shifts negatively.
• Liquidity Issues: Many low price shares are illiquid, making it hard to buy or sell large quantities without affecting the market price.
• Weak Fundamentals: Some low price companies have weaker financial health, increasing the risk of failure or bankruptcy, which can lead to total investment loss.
• Speculative Nature: These stocks are often highly speculative, and investing in them requires thorough research and a higher tolerance for risk.

Low Price Shares GDP Contribution

Low price shares contribute to India’s GDP by providing capital to small and mid-sized companies. These companies, often in growth phases, drive economic activity in various sectors, including manufacturing, technology, and services.

Additionally, low price shares encourage investor participation across a wider demographic, supporting financial inclusion and boosting capital market liquidity. Their growth contributes to overall market dynamism, benefiting the broader economy.

Who Should Invest in the Best Low Price Shares?

Investing in low price shares is suitable for individuals with a high-risk tolerance and a long-term outlook. Those interested in speculative investments and high-growth opportunities may find these stocks appealing, as they offer the potential for significant returns.

Additionally, investors looking to diversify their portfolios and gain exposure to smaller companies can benefit from low price shares. However, careful research and a clear understanding of market risks are essential for success.

Best Low Price Shares To Buy Today – FAQs  

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.