The Best Stocks To Invest Under Rs.100
By SiliconIndia
Bangalore: Should you invest in blue chip stocks or cheap stocks? That’s a question that haunts many investors. Some people tend to avoid buying low priced stocks in fear of volatility. Obviously, these are not for the faint hearted. Low priced stocks have a number of advantages over blue chip stocks. Low priced stocks provide amateur investors an opportunity of its kind. For an investor who is just starting in the market, there’re chances of him committing many mistakes while he’s still learning the ropes. So, investing in low priced stocks shields him from suffering a huge loss. These stocks hold the door of share trading open for those investors who can’t afford to invest in blue chip stocks.
Allahabad Bank
Price per Share: Rs.80.00
Allahabad Bank, one of the major public sector banks in India is listed on both NSE and BSE. Number of stocks brought and sold on a single day is 7, 65,874. So you don’t have to worry about liquidity. A low price to earnings ratio (P/E) of 3.48 makes this stock even more lucrative. Earnings per share (EPS)is positive at 22.76 making the investment less risky.Net profit grew 4.6 percent to reach 325crore in the October-December 2013 quarter.
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