Shares under Rs 100 with a higher ROCE and lower PE
Markets started on a flat note this morning, with Nifty 50 down 0.14 per cent. However, investing in companies with better ROCE and lower PE makes sense. Continue reading to learn more about such stocks under Rs 100.
The major domestic indices were trading lower at the open, with S&P BSE Sensex down 0.16 per cent (89.1 points) and Nifty 50 down 0.14 per cent (23.05 points) at 16,255.45.
Broader market indices, on the other hand, outperformed the frontline indices, with the S&P BSE Mid-Cap index up 0.27 per cent and S&P BSE Small-Cap index up 0.39 per cent, respectively.
Despite this, market breadth appears to be good, with 1,965 stocks rising, 1,000 falling, and 154 remaining unchanged. Net buyers included both foreign institutional investors (FIIs) and domestic institutional investors (DIIs). According to preliminary statistics, FIIs acquired shares worth Rs 156 crore, while DIIs purchased to the tune of Rs 844 crore as of July 18.
The Reserve Bank of Australia (RBA) issued its meeting minutes on Tuesday, stating that the board assessed current rates as being substantially below the neutral rate. This pointed to additional rate hikes in the future to bring inflation back to target. The RBA raised interest rates by 50 basis points earlier this month (100 basis points equals 1 per cent).
Following a bright start to the week, key Asian indices fell on Tuesday. This came about as a result of investors taking in the Reserve Bank of Australia's meeting minutes.
The list of high-quality stocks under Rs 100 is provided below.
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Stocks
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CMP (Rs)
|
PE TTM
|
3-Yr Avg. ROCE (%)
|
2-Yr Net Profit Growth (%)
|
Qtr Net Profit Growth YoY (%)
|
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RattanIndia Enterprises Ltd.
|
44.05
|
11.0
|
26.2
|
459.3
|
2,53,890.4
|
|
Brightcom Group Ltd.
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48.10
|
10.6
|
21.9
|
107.2
|
59.3
|
|
JM Financial Ltd.
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62.10
|
7.7
|
16.3
|
36.9
|
1.2
|
|
NCC Ltd.
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57.75
|
7.2
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15.8
|
219.3
|
104.4
|
|
Indian Railway Finance Corporation Ltd.
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20.25
|
4.3
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21.1
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128.0
|
0.7
|
|
Housing and Urban Development Corporation Ltd.
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36.20
|
4.2
|
20.8
|
69.4
|
41.9
|
|
Indiabulls Housing Finance Ltd.
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96.10
|
3.6
|
18.0
|
123.8
|
11.0
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