Which stock is under Rs 100?
The stock under Rs 100 that the brokerage has identified as a stock to buy now is Indian Oil Corporation. Indian Oil has achieved improved profitability on sales of petrol, diesel and related products. The company’s dividend yield is 3.35 percent. As per the dividend payout policy, the dividend is likely to be paid regularly. With steady dividend income and profit growth, IOC is likely to be included in the portfolio as a fixed investment.. 10 percent to 12 percent gain is predicted.
Brokerage firm Sharekhan has also issued a stock recommendation on the occasion of Diwali. 15 stocks are recommended for investment in Samvat 2080. In stocks that are expected to give good returns to investors Tata Motors, IndusInd Bank, Bharat Forge, HAL, DLF shares of
Reliance pointed out Brokerages
Stock recommendations by Ajmera and Sharekhan include shares of Reliance Industries.
Reliance is the most valuable company in India. The company provides services in various sectors like oil, gas, retail, telecom, digital etc. In the conventional oil and gas business, however, there is moderate growth. The company is planning to ensure growth through new age business verticals like retail, financial services and green energy. Ajmera predicts a 13-15 percent increase in the stock. The target price ranges from Rs 2,575 to Rs 2,710. Sharekhan’s target price is Rs 2700.
(Disclaimer: Investing in stocks carries a high risk of loss. This article is not a recommendation to invest in any one stock. )