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If you're new to the stock market, you don't need to invest a huge part of your wealth in it. You can start your investing journey with a small amount, like one hundred or below it. You can find several stocks under Rs. 100 in India to buy. However, because all of them are not the right stocks, we have curated a list of the best-performing stocks under Rs 100 in 2024.
Check out the list, learn about them in detail, select the best stock under Rs 100, and start your investment. However, you must research your selected stocks before considering the investment. Make your decision to invest after calculating the risks and growth opportunities.
GoPocket, a beginner-friendly online brokerage platform with its dedicated customer service team, will help you start your investment journey seamlessly.
List of Best Stocks Under 100 to Buy for Long & Short Terms
| S.No | Share Name | Sub Sector | CMP(9th Apr) | MCap in Crores | Book Value | Stock PE | Industry PE |
| 1 | IDFC First Bank | Bank-Private | ₹82.9 | ₹58,638 Cr | ₹39.1 | 19.3 | 12.3 |
| 2 | Suzion | Electric Equipments | ₹40.7 | ₹54,892 Cr | ₹2.53 | 111 | 44.4 |
| 3 | South Indian Bank | Bank-Private | ₹28.3 | ₹7,408 Cr | ₹25.5 | 6.61 | 12.3 |
| 4 | NHPC | Power Generation/Distribution | ₹88.9 | ₹89,341 Cr | ₹38.9 | 24.0 | 23.8 |
| 5 | Infibeam Avenures | Online Services | ₹33.9 | ₹9,442 Cr | ₹11.6 | 65.0 | 37.4 |
| 6 | IRB Infra | Transport Infrastructure | ₹66.5 | ₹40,171 Cr | ₹22.5 | 73.4 | 17.5 |
| 7 | Sigachi Industries | Pharma | ₹64.1 | ₹2,074 Cr | ₹11.9 | 41.9 | 32.9 |
| 8 | MMTC | Trading | ₹72.7 | ₹10,905 Cr | 9.90 | 11.5 | 33.8 |
| 9 | Motherson Sumi Wiring | Auto Ancillaries | ₹69.9 | ₹30,886 Cr | ₹2.98 | 52.8 | 32.2 |
| 10 | Allcargo Logistics | Courier Services | ₹71.7 | ₹7,047 Cr | ₹25.8 | 50.8 | 40.6 |
Disclaimer: The stock listed above is for educational purposes. Before investing, do your own market research.
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
1. IDFC First Bank
IDFC First Bank is one of India's well-known private sector banks. The bank was founded in 2018 after merging Erstwhile IDFC Bank and Erstwhile Capital First. IDFC First Bank provides consumer banking, credit cards, home loans, loans against property, personal loans, consumer durable loans, vehicle loans, business loans, micro-enterprise loans, wealth management services, investment banking, corporate banking, wholesale banking, etc. The bank, with 809 branches, 925 items, and a profit of 4,607 Crore, is leading and becoming a good choice stock to buy at around Rs. 83.
| Stock Price | ₹82.9 |
| 52 days High/Low | ₹101/56.4 |
| All time High/Low | ₹101/17.6 |
| Book Value | ₹39.1 |
| Face Value | ₹10.0 |
| Market Capitazlization (MCap) | ₹58,638 Cr |
| Stock PE | 19.3 |
| Industry PE | 12.3 |
| ROE | 10.6% |
| ROCE | 6.59% |
| Dividend Yield | 0 |
The data on the top stocks under 100 Rupees to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
2. Suzlon
Suzlon is a multinational wind renewable energy solutions Pune-based company founded in 1995. The company manufactures and provides vertically integrated, future-ready wind turbines and complete solutions for wind energy projects. With its presence in 17 countries, 14 manufacturing units, and 8 R&D facilities worldwide, Suzlon has created revenue of Rs. 5,974 crore per its financial report 2022-23.
| Stock Price | ₹40.7 |
| 52 days High/Low | ₹50.7/7.90 |
| All time High/Low | ₹431/1.51 |
| Book Value | ₹2.53 |
| Face Value | ₹2.00 |
| Market Capitazlization (MCap) | ₹54,892 Cr |
| Stock PE | 111 |
| Industry PE | 44.4 |
| ROE | 20.8% |
| ROCE | - |
| Dividend Yield | 0 |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
3. South Indian Bank
Another best stock under Rs 100 is South Indian Bank shares. South Indian Bank is one of the prominent private sector banks. The bank provides numerous banking services, such as personalised banking, business banking, NRI banking, investment, digital banking, etc. South Indian Bank was Kerala's first bank to become a scheduled bank in 1946. According to its annual report, the bank witnessed a 34% growth in net interest income.
| Stock Price | ₹28.3 |
| 52 days High/Low | ₹36.9/14.0 |
| All time High/Low | ₹36.9/3.33 |
| Book Value | ₹25.5 |
| Face Value | ₹1.00 |
| Market Capitazlization (MCap) | ₹7,408 Cr |
| Stock PE | 6.61 |
| Industry PE | 12.3 |
| ROE | 12.4% |
| ROCE | 5.23% |
| Dividend Yield | 1.05 |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
4. NHPC Limited
NHPC (National Hydroelectric Power Corporation) Limited is a government of India enterprise. It is India's premier hydropower utility institution. If you're looking at stocks backed by the Indian government, and at the same time the cost of stocks is under Rs. 100, NHPC is the best choice for investing in stocks under Rs—100 for the long term. The institution has 24 working power stations, 9 under construction and 6 under development.
| Stock Price | ₹88.9 |
| 52 days High/Low | ₹116/41.9 |
| All time High/Low | ₹116/14.6 |
| Book Value | ₹38.9 |
| Face Value | ₹10.0 |
| Market Capitazlization (MCap) | ₹89,341 Cr |
| Stock PE | 24.0 |
| Industry PE | 23.8 |
| ROE | 10.8% |
| ROCE | 8.49% |
| Dividend Yield | 2.06% |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
5. Infibeam Avenues
Infibeam Avenues is an Indian multinational fin-tech company. The company offers digital payment solutions under CAA Avenue and enterprise software solutions under BuildaBazaar. Infobean is among the revenue-generating Financial technology companies. The company's gross revenue increased by 77% in the first quarter of 2024, according to its media release.
| Stock Price | ₹33.9 |
| 52 days High/Low | ₹42.5/13.2 |
| All time High/Low | ₹58.5/6.37 |
| Book Value | ₹11.6 |
| Face Value | ₹1.00 |
| Market Capitazlization (MCap) | ₹9,442 Cr |
| Stock PE | 65.0 |
| Industry PE | 37 |
| ROE | 4.09% |
| ROCE | 5.53% |
| Dividend Yield | 0.15% |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
6. IRB Infrastructure Developers Ltd.
With 26 highway projects across 12 Indian states, 15,500 lane km under construction, 72 toll plazas with 736 FASTag compliant lanes, and multiple projects like Sindhudurg Airport, HAM (Hybrid Annuity Model) highway projects, and BOT (Build, Operate & Transfer) project, IRB Infrastructure is India's leading multinational transport infrastructure developer company. Its stocks are among the best stocks under 100 to buy. IRB Infrastructure has multiple projects, such as Sindhudurg Airport, HAM (Hybrid Annuity Model) highway projects, and BOT (Build, Operate & Transfer) projects.
| Stock Price | ₹66.5 |
| 52 days High/Low | ₹73.1/250 |
| All time High/Low | ₹73.1/4.56 |
| Book Value | ₹22.5 |
| Face Value | ₹1.00 |
| Market Capitazlization (MCap) | ₹40,171 Cr |
| Stock PE | 73.4 |
| Industry PE | 17.5 |
| ROE | 5.43% |
| ROCE | 8.67% |
| Dividend Yield | 0.30% |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
7. Sigachi Industries
Sigachi Industries is a microcrystalline cellulose manufacturing company in India. The cellulose finds its use cases in the pharmaceutical, supplement, food, and cosmetic industries. The company listed on the NSE (National Stock Exchange) and BSE ( Bombay Stock Exchange) is among the best companies to buy stocks under Rs. 100.
| Stock Price | ₹64.1 |
| 52 days High/Low | ₹95.9/23.0 |
| All time High/Low | ₹95.9/22.0 |
| Book Value | ₹11.9 |
| Face Value | ₹1.00 |
| Market Capitazlization (MCap) | ₹2,074 Cr |
| Stock PE | 41.9 |
| Industry PE | 32.9 |
| ROE | 17.6% |
| ROCE | 19.6% |
| Dividend Yield | 0.16% |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
8. MMTC
MMTC (Metals and Minerals Trading Corporation of India) is a public sector company operating in International trade and foreign exchange. According to its financial report, the company reported a net profit of Rs.1076.07 crores during fiscal year 2022-23. However, due to discontinuance of business operations, following the instructions of the Administrative Ministry, the company reported a net loss of Rs. 237.77 crores in the financial year 2021-22. MMTC is among the best stocks under Rs 100 for the long term.
| Stock Price | ₹72.7 |
| 52 days High/Low | ₹102/26.3 |
| All time High/Low | ₹1,898/9.64 |
| Book Value | 9.90 |
| Face Value | ₹1.00 |
| Market Capitazlization (MCap) | ₹10,905 Cr |
| Stock PE | 115 |
| Industry PE | 33.8 |
| ROE | 49.2% |
| ROCE | 23.0% |
| Dividend Yield | 0.00% |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
9. Motherson Sumi Wiring
Motherson Sumi Wiring India is a joint venture of Sumitomo Wiring Systems and Motherson Group. The company, which has world-class technology, is a leading manufacturer of wiring harnesses, harness components, and other electric wires. Motherson Sumi Wiring is a debt-free company with innovative new-age technologies and expanding capacity. It is among the top stocks under Rs 100 that you can consider buying.
| Stock Price | ₹69.9 |
| 52 days High/Low | ₹74.8/50.1 |
| All time High/Low | ₹74.8/40.0 |
| Book Value | ₹2.98 |
| Face Value | ₹1.00 |
| Market Capitazlization (MCap) | ₹30,886Cr |
| Stock PE | 52.8 |
| Industry PE | 32.2 |
| ROE | 39.8% |
| ROCE | 43.8% |
| Dividend Yield | 0.94% |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
10. Allcargo Logistics
Allcargo Logistics is a logistics company in India whose security price is under Rs 100; you can buy it for growth opportunities and learn about the stock market. Allcargo provides supply chain management solutions across 180+ countries. The company offers various services, including express logistics, Air freights, logistics park, pan India container freight station, etc.
| Stock Price | ₹71.7 |
| 52 days High/Low | ₹98.0/61.4 |
| All time High/Low | ₹98.0/5.30 |
| Book Value | ₹25.8 |
| Face Value | ₹2.00 |
| Market Capitazlization (MCap) | ₹7,047 Cr |
| Stock PE | 50.8 |
| Industry PE | 40.6 |
| ROE | 20.1% |
| ROCE | 18.5% |
| Dividend Yield | 1.11% |
The data on the top stocks under 100 Rs to buy in India is from 22 April, 2024. To get real-time updates, download the GoPocket App.
Benefits to Buy Stocks Under Rs 100
The advantages of investing in stocks under Rs 100 are:
1. Lower Investment Amount
One significant benefit of investing in stock under Rs 100/—is that it allows investors to initiate investing at a lower amount. It also allows new investors to learn about trading by investing in lower amounts.
2. High Return Opportunities
Many investors find small stocks with higher return opportunities, as many small companies have the potential to develop rapidly with successful marketing strategies.
3. Portfolio Diversification
Investors can buy multiple companies’ stocks if they are at a lower price, giving more opportunity for portfolio diversification. They can buy different stocks from different industries to reduce risk and increase the opportunity for profit.
How to Identify the Right Stocks Under Rs 100?
To find the right stocks under 100 to buy, you can evaluate the different matrices, check the company's annual report and quarter report, their upcoming projects, and more. Here are some crucial factors to consider while selecting stocks for your small investment.
1. ROE
Return on Equity (ROE) is the ratio you earn after investing in certain companies. The higher the ROE, the better the stock is. Usually, 15 to 20% ROE is considered good. However, a good ROE varies according to different sectors.
2. ROCE
Return on Capital Employed (ROCE) indicates how efficient a firm is in generating profit from the capital it uses. Stocks with utilised higher ROCE percentages are better investments.
3. Dividend Yield
The dividend yield of stocks signifies a steady income for your investments. Stocks under Rs.100 with less volatility or from mature industries usually provide dividend payments.
4. PE Ratio
Before buying or selecting stocks, you can also check the PE (price-to-earnings ratio). The PE ratio is the share price divided by earnings per share (EPS). It defines whether the stock is expensive or cost-effective. You can learn about PE and Stock PE for the best stocks under Rs 100.
5. 52 weeks high/low
You can also check the company's 52-week high and low to learn about its performance and estimate whether you're buying the stock at the right price and when you can sell it.
You can also check the stock's market capitalisation, book value, and face value. Remember, investing in stocks requires lots of research and the right time to buy and sell. Staying updated and informed is vital to earning the highest profit from the share market.
How to Buy Stock Under Rs 100?
By following these steps, you can buy stocks under Rs 100 through any online trading platform.
Step 1: Download an Online Trading App
GoPocket is a leading online brokerage platform available on the Play Store or iOS. You can download the app on your device or access it through the website.
Step 2: Open a Demat Account
The next step is to open the demat account. To open your account, you will need
- Active Mobile number & email ID
- Pan Card
- Income proof
- Passport size photograph
- Signature
You can talk to experts at GoPocket if you face any issues.
Step 3: Select the Stock
Once your account is successfully opened, take your next step of selecting stocks. At the Gopocket app, you can explore a number of stocks, including stocks under Rs 100. Check the stocks' different matrices and learn about them through candlestick charts and other technical analysis tools.
Step 4: Buy the stocks
When you have one or more finalised equities, you can buy the stocks according to your investment budget, risk-bearing appetite, and market research.
Once you buy stocks, their units will be allocated to your demat account. You can seamlessly access and track them online with the GoPocket app.
GoPocket is one of the top online brokerage platforms. Through it, you can start your investment at Rs 0/—brokerage for the first 30 days. For further charges, you can check with the brokerage calculator. On the app, you can invest in equity, mutual funds, futures and options, international stocks, commodities, and more at your convenience.
