Diwali Stocks: Stocks Cheaper than Soan Papdi
Top seven stocks priced below Rs 70, cheaper than 250 gm Soan Papdi box.
Soan papdi has become a bit of a joke during Diwali gift exchanges. Known for being cheap, lasting long, and often passed around as a "re-gift," it is a favorite for budget-friendly gifting compared to expensive sweets like kaju katli or dry fruits. With the cost of everything going up, it's surprising that some stocks in the market are actually priced lower than a 250 gm box of soan papdi (Rs 70).
For those looking for affordable investment options, these low-cost stocks might be worth checking out.
Indrayani Biotech: Incorporated in 1992, Indrayani Biotech Ltd is in the business of Foods & Hospitality, Engineering and Healthcare. The stock of the company is trading at Rs 44.8 with market cap of Rs 204 crore. The company is consistent on its PAT margin of 7 per cent for last 3 years. The operational profit margin is at 14.10 per cent.
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Mishtann Foods: Incorporated in 1981 Mishtann Foods Ltd does manufacturing and processing of Rice, wheat, etc. The stock of price of the company is Rs 14.5 with market capital of Rs 1,565 crore, it is a penny stock. The company's median sales growth is 98.1 per cent of last 10 years and it is almost debt free company.
IRB Infrastructure Developers Ltd: The shares of IRB Infra are trading at Rs 51.8 and has market capitalisation of Rs 31,318 crore, reflecting it is a Mid-Cap company. is an infrastructure development and construction company in India with extensive experience in the roads and highways sector. Company’s total order book stands at approximately Rs 33,600 crores; EPC order book at Rs 5,000 crores.
UR Sugar Industries Ltd: Incorporated in 2010, HKG Ltd is in the business of trading in securities, Metals, IT, Hardware, Bullion and Fabrics. The share of company are trading at Rs 10 with market cap of Rs 52.5 crore, it is a micro-cap company. Recently, company has reduced debt.
South Indian Bank: Established in 1929, South Indian Bank was the first ‘scheduled bank’ amongst the private banks in Kerala. It has strong presence in south India and particularly in Kerala. The market cap of the bank is at Rs 6,407 crore and it is trading at Rs 24.5 per share. In Quarterly Results of Q2FY25 Net Profit was at Rs 325 crores, an 18 per cent growth compared to Q2FY24. Total deposits grew by 9 per cent to Rs 105,451 crores. Gross Advances increased by 13 per cent to Rs 84,714 crores. Total Business grew by 10 per cent to Rs 190,165 crores. Net Interest Margin (NIM) reported at 3.24 per cent.
Utkarsh Small Finance Bank Ltd: Incorporated in 2016, Utkarsh Small Finance Bank is engaged in providing banking and financial services. Shares of bank currently trading at Rs 41.4 with market cap of Rs 4,569 crore, it is a Small-Cap stock. The bank has delivered good profit growth of 39.6 per cent CAGR over last 5 years
Disclaimer: The article is for informational purposes only and not investment advice.