Stocks under Rs 100 with PE below 10 and higher ROE

Markets have been drifting lower for a long time, providing opportunities to purchase excellent companies at a discount. Continue reading to learn more about such stocks.

On June 16, 2022, Nifty 50 finished the day with a large red candle and greater volumes. This demonstrates that weakness is not going away. Furthermore, it breached its critical support levels of 15,700 and 15,400. These levels are now acting as resistance to Nifty 50.

Nifty 50 was trading at 15,257.45 at the time of writing, down 103.15 points or 0.67 per cent. Benchmark indices continue to beat broader market indices.

Nifty Mid-Cap and Nifty Small-Cap indices have fallen 1.15 per cent and 0.95 per cent, respectively. Fears of a recession have gripped the US market, with all major US indices ending the session in negative territory.

Also, rising interest rates as a result of surging inflation figures are significant contributors to selling pressure from Foreign Portfolio Investors (FPI). Furthermore, mutual funds are increasingly expanding their cash component.

However, the present market downturn should be viewed as a chance to purchase high-quality companies at a discount. In this post, we will discover companies trading below Rs 100, with a lower price to earnings (PE), a greater Return on Equity (ROE), and a lower debt to equity ratio.

The following is a list of high-quality businesses having a current market price of less than Rs 100, a PE of less than 10, and a higher ROE.