Best Stocks To Invest With Little Money In India

Actually, you do not need too much money to invest in quality stocks in India. If you have around Rs 1,000-1500 to begin with, it would be enough to own at least the minimum amount of shares that you can buy as per regulations. Here are some of the best stocks that you could buy with very little money in India. This stock is one of the best for long term investors, because it is less risky as compared to other large cap stocks. The fruits of the companys expansion are beginning to pay dividends. The retail business has begin to make profits, and the telecom business is doing exceedingly well. The gross refining margins of the company are amongst the finest in the business and the petchem business is also doing good. The expansion in the projects should contribute substantially to business in the next few years and Jio may start turning cash positive in the next couple of years. Recently, CLSA raised the price target on the stock to Rs 1,500.Advertisement The share price of Reliance Industries, hit a new 9 year high recently of Rs 1307, in line with the superb expectations for the stock. The shares are still trading at a p/e of just about 13 times one year forward earnings, which is very cheap. We believe this is one of the best stocks to invest in the current scenario. Morgan Stanley raised the price target on the stock citing better than expected performance from energy. So, even if you have little money as small as Rs 1300, you can buy and hold 1 share of Reliance Industries. Check stock quote of Reliance Industries Inox Wind manufactures wind turbine generators that focus on generating power from wind. The government plans to boost wind energy in the coming years and substantial amounts are being invested. If we compare Inox Wind to another wind turbine player, Suzlon, we see that the company is far better in terms of revenue growth and operating parameters like ROE. Inox has got technology from AMSC, Austria (100% subsidiary of US-based American Superconductor Corporation) under a perpetual license for manufacturing and selling WTGs in India. Inox Wind is one stock that is very close to its 52-week low and is currently trading at Rs 168, against its 52-week low of Rs 162. The stock has the potential to generate an EPS of Rs 20 in the 2017-18, taking the p/e to just about 8 times. If you apply a p/e of 12 times, the stock should trade at Rs 240 at the very least. With the Government of Indias focus on attaining ‘Power for all with targets of 60 GW by 2022, there is tremendous potential for a company like Inox Wind to do well. A good stock to pick at the current levels. Check stock quote of Inox Wind here If you are looking to bet on a recovery in the banking sector, here is a stock that could help you yield good returns. This is among the larger PSU banks in the country, which has the potential to turn around and report good numbers. This is because you have to bet that in the next few quarters, there would be a remarkable improvement in the non performing assets of the bank. The banks is among the handful of PSU banks that declared a dividend last year. A good stocks to buy as you need only Rs 150 and very little money to buy the shares. Check stock quote here Why we are recommending the stock of Power Finance Corporation is because of its decent dividend yields of near 5 per cent and a kind of monopolistic business that it enjoys in the power finance business. The company funds the major power projects in the country and recently also started funding other infrastructure projects that are closely related to power like coal mining. The company has been reporting good results and we believe that the stock has the potential to rally and is a good play on the dividend yield. The stock at a p/e ratio of 5 times is the cheapest stock in the financing business across categories. Buy the stock as the business is risk free. A good stock to buy if you have little money. Check stock quote here This article is strictly for informational purposes only. It is not a solicitation to buy, sell in precious metal products, commodities, securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article.