While investor appetite for such fundamentally solid stocks is huge, availability is scarce. A quick run of Screener returns about 2,900 companies listed on the market with a share price of less than Rs 200 per share. Are you determined to select profitable companies from this large group? What filters should be used: revenue growth, profitability, leverage, or what else?
In this article, we introduce the top stocks under Rs 200. So, without further ado, let's get started.
Gujarat Mineral Development Corporation (GMDC) Ltd. was founded in 1963 and is a leading state-owned mining and mineral processing company. Business. Headquartered in Ahmedabad, the company is also the second largest lignite producer in India.
GMDC is debt free and ranked 132nd among India's Fortune 500 companies in 2017. It is among the five largest Indian companies by market capitalization in the mining sector. The Company is engaged in the exploration of manganese, silica sand, and bauxite. , lignite, spherical clay, limestone, and other minerals. These minerals are used in a variety of industries: glass making, ceramics, chemicals, water treatment, oil exploration, and more.
EPL manufacturers make laminated plastic tubes and dispensing systems.
These products find their application in the oral care, beauty and cosmetics, pharmaceutical and healthcare products, and food and home care segments. EPL has 20 factories in 12 countries around the world, producing 8 billion tubes for its 1,200 customers each year. has strong relationships with renowned multinational and Indian companies such as PG, Colgate, Unilever, GSK, Reckitt Benckiser, Johnson Johnson, Dabur, Emami, Himalaya, Patanjali, and more.
Ashok Leyland was founded in 1948 as Ashok Motors. Part of the Hinduja Group is India's second-largest commercial vehicle manufacturer, the world's fourth largest bus manufacturer, and the world's 19th largest truck manufacturer.
This Chennai-based company has a global presence with 7 manufacturing facilities in India and 2 overseas. It has a well-diversified portfolio in the automotive industry, making heavy-duty trucks, light-duty trucks, engines, and even defense vehicles.
The India Energy Exchange (IEX) was sponsored by 63 Moon Technologies and Power Trading Corporation of India in June 2008. It is an electronic system-based energy trading exchange regulated by the Central Electricity Regulatory Commission
(OIL) is a Navratna status corporation incorporated on February 18, 1959? It reports to the Ministry of Oil and Natural Gas and is the second largest national oil and gas company in the country. It has a significant presence throughout the hydrocarbon value chain. It owns and operates a variety of oil and gas exploration, drilling, development, production, and transportation facilities, making it an integrated exploration and production company.
Want to Invest, Check out Our Top Stocks Under Rs 200 for more detailed information.
