Based on recent market trends and expert analyses, four stocks under ₹100 are showing promise for potential investors:
1) Suzlon Energy Ltd. (₹52.77): The renewable energy company recently secured new orders totaling 402 MW from Juniper Green Energy, showcasing strong growth potential in the green energy sector.
2) IDBI Bank Ltd. (₹71.24): With improved financial metrics and a market capitalization of ₹76,600.11 crore, IDBI offers an attractive entry point for investors seeking exposure to the banking sector.
3) Bank of Maharashtra (₹47.54): The bank has shown robust growth, with deposits increasing by 16% in FY24, outpacing the banking industry average.
4) Central Bank of India (₹43.66): Recently assigned an A1+ rating for its Certificate of Deposits program, indicating strong short-term creditworthiness.
Investors should conduct thorough research and consider their risk appetite before making investment decisions.
Sources: LinkedIn Pulse, NSE Archives, NSE India, smallcase