There are number of stocks that are below 200, but when it comes to choose the right company you must consider top nifty companies, and not to invest in penny stocks, here in this blog we will review some companies stocks under 200 Rs, that can be a multibegger in upcoming time.
1 – GMDC Ltd
Established in 1963, Gujarat Mineral Advancement Organization (GMDC) Ltd. is a main state-possessed mining and mineral handling organization. Based out of Ahmedabad, it is additionally India’s second-biggest lignite-creating organization.
GMDC has no obligation and was positioned 132nd on India’s Fortune 500 Organizations list in 2017. It is among the main five Indian elements by market capitalization in the mining area.
The organization is engaged in the investigation of Manganese, Silica Sand, Bauxite, Lignite, Ball Dirt, Limestone, and different minerals. These minerals track down their purposes in various enterprises: glass making, pottery, synthetic substances, water treatment, oil penetrating, and the sky is the limit from there.
2 – EPL Ltd
As claimed by the Blackstone Gathering, EPL is the world’s biggest specialty bundling organization. The worldwide resource director bought the organization from Essel Gathering of Organizations in August 2019. Later in mid-2020, Blackstone managed nearly ⅓ of its stake to 51.91%.
EPL makers overlaid plastic cylinders and administering frameworks. These items track down their application in oral consideration, excellence and beauty care products, drugs and medical services, and food and home consideration portions.
EPL has 20 plants spread across 12 nations all over the planet delivering 8 billion cylinders consistently for its 1200 clients. It has solid associations with presumed MNCs and Indian organizations like P&G, Colgate, Unilever, GSK, Reckitt Benckiser, Johnson and Johnson, Dabur, Emami, Himalaya, Patanjali, and then some.
However the organization has revealed benefits reliably, its portion cost has declined over 37% since its Initial public offering in October 2020. It has a low obligation and the stock offers a decent profit yield of more than 2.5%.
3 – Ashok Leyland Ltd
Ashok Leyland was established as Ashok Engines in 1948. It is possessed by Hinduja Gathering and is India’s second-biggest business vehicle producer, the fourth-biggest maker of transports on the planet, and the nineteenth-biggest maker of trucks all around the world.
This Chennai-settled organization has a worldwide impression with 7 assembling offices in India and 2 abroad. It has a very much differentiated portfolio across the car business delivering weighty business vehicles, light business vehicles, motors, and even safeguard vehicles.
Ashok Leyland has likewise arisen as a forerunner in the EV space with its EV arm Switch Versatility. It has altered its different models into electric vehicles. As of late Switch, Portability divulged India’s most memorable two-layer EV transport. It will supplant the whole armada of 200 multi-level buses in Mumbai.
In any case, Ashok Leyland revealed misfortunes in the last two financial years in light of the weighty interest it needed to pay on its obligation. Hopefully, the bounce back in the auto-cycle might bring about a great change in the fortunes of the obligation-loaded vehicle creator.
4 – IEX
Indian Energy Trade (IEX) was advanced by 63 Moon Advancements and Power Exchanging Enterprise of India in June 2008. It is an electronic framework-based power exchange trade controlled by the Focal Power Administrative Commission.
It has turned into India’s chief energy commercial center by giving a mechanized exchange stage to the actual conveyance of power, renewables, and authentications. Not just this, IEX likewise spearheaded cross-line power exchange.
Today it has an organization of 6,800+ members spread across India including more than 500 circulation utilities and north of 500 traditional generators. Likewise, the power trade has as many as 4,400 business and modern clients.
Its incomes and benefits have reliably developed throughout the long term. The organization is sans obligation and has kept a high-profit payout proportion of over 55% over the most recent two years.
5 – Oil India Ltd
Oil India Ltd. (OIL) is a Navratna status organization that was integrated on the eighteenth of February 1959. It goes under the Service of Oil and Flammable gas and is the country’s second-biggest public oil and gas organization.
It has a sizable presence across the whole worth chain in the hydrocarbon space. It claims and runs different offices for investigation, penetrating oil and gas field improvement, creation, and transportation making it a coordinated E&P organization.
As of late the organization likewise made an introduction to the city gas dispersion projects trying to expand its non-E&P energy esteem chain. Also, OIL has made forward-looking strides by putting resources into inexhaustible and substitute energy by introducing sunlight-based and wind projects.