We often seek out low-priced stocks, specifically the best stocks under 300, that have the potential to turn into huge success stories. Chasing unrealistic stock market expectations can often lead to significant financial loss. Stocks like Marsons Ltd. and Waaree Renewables Technologies Ltd. have delivered astronomical returns of 5563% and 553% over the past 12 months, setting investor expectations sky-high. But let’s take a closer look—Marsons Ltd. currently trades at a staggering P/E of 930. Is it a value stock? In my opinion, no. Is there potential for a downturn? Absolutely.
While it’s tempting to pursue such aggressive stocks, they often fail to offer long-term value, especially if the market story reverses, leaving investors to suffer massive losses. In a country where most of us fall into the middle-income bracket, we simply cannot afford such high risks. Instead of chasing aggressive returns, investors should focus on wealth creation through disciplined, long-term investing.
So, for those of you looking for value and growth potential, here are the best stocks under 300 that fit the bill. Let’s dive in.
Also read: Stocks with high PE ratios – Can We Call This A Stock Market Bubble?
Best Stocks Under 300
The Best stocks under 300 are Godawari Power & Ispat Ltd, NBCC, 20 Microns Ltd, Electrosteel Castings Ltd, BCL Industries Ltd, Welspun Living Ltd, Bhansali Engineering Polymers Ltd, Dolat Algotech Ltd, Ashok Leyland Ltd, Ind-Swift Laboratories Ltd.
Let’s Explore some of the Best stocks under 300
1. Godawari Power & Ispat Ltd
52 Week Low: ₹114.57 | 52 Week High: ₹244.79 | Current Price: ₹209
Godawari Power & Ispat Ltd. was established in 1999. It operates in the Ferrous Metals sector and has a market capitalization of ₹14,228.68 Crore.
For the first quarter of FY2024, the company reported a total income of ₹1,372.42 Crore. This shows a 12.58% decrease from the previous quarter but a 2.09% increase compared to the same quarter last year, which had a total income of ₹1,344.37 Crore. The net profit after tax for the latest quarter is ₹284.69 Crore.
Analysts have set a target price of ₹260.00 for the stock over the next 12 months, with estimates remaining consistent at ₹260.00 for both high and low projections. (The Economic Times)
2. NBCC (India) Ltd
52 Week Low: ₹56.85 | 52 Week High: ₹209.75 | Current Price: ₹172
NBCC (India) Ltd. was established in 1960. It is a large-cap company with a market capitalization of ₹30,702.60 Crore, operating in the construction sector.
For the quarter ending on June 30, 2024, NBCC reported a consolidated total income of ₹2,197.84 Crore. This reflects a significant 46.08% decline from the previous quarter’s total income of ₹4,075.87 Crore. Further, showing an 11.80% increase from the same quarter last year, which had a total income of ₹1,965.81 Crore. The net profit after tax for the latest quarter stands at ₹107.21 Crore.
Analysts have set a median target price of ₹87.33 for the stock over the next 12 months. The high estimate is ₹132.00, while the low estimate is ₹20.00 for NBCC’s share price. (The Economic Times)
3. 20 Microns Ltd
52 Week Low: ₹130.50 | 52 Week High: ₹348.00 | Current Price: ₹285
Microns Ltd., founded in 1987, is a small-cap company. It has a market capitalization of ₹1,004.78 Crore and operates in the mining sector.
For the quarter ending on June 30, 2024, the company reported a consolidated total income of ₹232.39 Crore. This is an increase of 8.88% from the previous quarter’s total income of ₹213.44 Crore. Compared to the same quarter last year, which had a total income of ₹191.51 Crore, this reflects a growth of 21.35%. The net profit after tax for the latest quarter is ₹17.85 Crore.
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4. Electrosteel Castings Ltd
52 Week Low: ₹71.50 | 52 Week High: ₹236.60 | Current Price: ₹202
Electrosteel Castings Ltd., established in 1955, is a mid-cap company. It has a market capitalization of ₹12,706.78 Crore and operates in the industrial consumables sector.
For the quarter ending June 30, 2024, the company reported a consolidated total income of ₹2,036.01 Crore. This is a slight decrease of 0.12% from the previous quarter’s total income of ₹2,038.55 Crore. However, it shows an increase of 18.92% compared to the same quarter last year, when the total income was ₹1,712.02 Crore. The net profit after tax for the latest quarter is ₹226.04 Crore.
Analysts have set a median target price of ₹233.00 for Electrosteel Cast shares over the next 12 months, with both the high and low estimates also at ₹233.00. (The Economic Times)
5. BCL Industries Ltd
52 Week Low: ₹45.14 | 52 Week High: ₹86.30 | Current Price: ₹57.6
BCL Industries Ltd., founded in 1976, is a small-cap company in the agro-processing sector. It has a market capitalization of ₹1,664.72 Crore.
For the quarter ending June 30, 2024, the company reported a consolidated total income of ₹637.45 Crore. This marks a 6.31% increase from the previous quarter’s total income of ₹599.63 Crore. Additionally, it shows significant growth of 48.08% compared to the same quarter last year, when the total income was ₹430.48 Crore. The latest quarter’s net profit after tax stands at ₹24.51 Crore.
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6. Bhansali Engineering Polymers Ltd
52 Week Low: ₹81.60 | 52 Week High: ₹177 | Current Price: ₹150
Bhansali Engineering Polymers Ltd., founded in 1984, is a small-cap company in the petrochemicals sector, with a market capitalization of ₹3,708.24 Crore.
For the quarter ending June 30, 2024, the company reported a consolidated total income of ₹351.83 Crore, which is a 6.88% increase from the previous quarter’s income of ₹329.19 Crore. This figure shows a year-over-year increase of 14.60%, compared to ₹307.01 Crore in the same quarter last year. The net profit after tax for this latest quarter stands at ₹53.10 Crore.
Analysts have set a median target price of ₹2,835.58 for the stock over the next 12 months, with estimates ranging from a high of ₹3,707.00 to a low of ₹2,100.00. (The Economic Times)
7. Ind-Swift Laboratories Ltd
52 Week Low: ₹81.85 | 52 Week High: ₹186 | Current Price: ₹128
Ind-Swift Laboratories Ltd., established in 1995, is a small-cap company in the pharmaceuticals sector, with a market capitalization of ₹752.59 Crore.
For the quarter ending June 30, 2024, the company reported a consolidated total income of ₹44.31 Crore. This reflects a significant decline of 89.42% compared to the previous quarter’s income of ₹418.59 Crore. Year-over-year, this figure has also decreased by 85.98% from ₹315.94 Crore in the same quarter last year. The net profit after tax for the latest quarter is ₹1.01 Crore.
Also read: Best Power Stocks In India: Hottest Picks Powering Portfolios
Let’s Wrap it up
In conclusion, investing in the best stocks under 300 can offer significant advantages, especially for middle-income investors seeking value without excessive risk. By focusing on affordable options with solid growth potential, investors may find it beneficial to consider building a diversified portfolio. The stocks we’ve discussed not only provide a more stable investment avenue but also reflect disciplined investing principles that can lead to long-term wealth creation. Remember, while high returns can be enticing, it’s crucial to consider valuations and market conditions to avoid pitfalls. As you embark on your investment journey, keep these insights in mind to navigate the market effectively.
Disclaimer
The blog is meant for informational purposes and serves the general analysis of the stocks. The contents provided here are based on careful research and analysis utilizing the fundamental and technical indicators over a while. The post does not consist of any direct recommendation about Investing or trading in the securities market. Thorough research and careful consideration are necessary for individuals to fulfil their responsibility in making financial decisions. Seeking professional advice before making any financial decisions is always advisable.
