If you’re looking to invest in the stock market without spending too much on a single share, here are 20 strong companies whose stock prices are still below ₹500. These companies are from different sectors and have good growth potential.
1. ITC Ltd – ₹429
ITC is a well-known name in FMCG, hotels, and paper products. It’s a steady performer and often pays good dividends.
2. Coal India – ₹403
This is the biggest coal producer in India. It’s known for giving regular dividends and has strong financials.
3. Power Grid – ₹296
Power Grid handles most of India’s power transmission. It has a stable business and is a safe pick for long-term investors.
4. Bharat Electronics (BEL) – ₹344
BEL supplies electronic equipment to the Indian defense sector. The company has a strong order book and is growing well.
5. Tata Steel – ₹155
One of India’s oldest steel companies. It’s improving its operations and focusing on cost-cutting to increase profits.
6. Wipro – ₹253
A global IT company that offers tech and digital services. It’s a slow but steady stock with long-term value.
7. NTPC – ₹339
India’s largest power producer, NTPC is investing heavily in solar and wind energy for the future.
8. ONGC – ₹246
This oil and gas giant is involved in energy exploration. Its earnings depend on crude oil prices, but it’s a strong PSU stock.
9. Vedanta – ₹443
A natural resources company that deals in metals and oil. The stock often gives high dividends.
10. Indian Oil (IOC) – ₹143
IOC is a major oil refiner and seller in India. It’s a stable public sector company with wide reach.
11. Zomato – ₹204
A popular food delivery app in India. The company is growing and expanding into quick delivery (like groceries).
12. PFC (Power Finance Corp) – ₹406
This company gives loans to power projects. It earns good profits and gives regular dividends.
13. Bank of Baroda – ₹234
A big public sector bank that’s showing improvement. It’s gaining strength in both retail and corporate banking.
14. GAIL – ₹186
GAIL is a major gas supplier in India. It’s expanding into new areas like petrochemicals and green energy.
15. Hindustan Zinc – ₹439
A top zinc and lead producer. It makes strong profits and often rewards shareholders with good dividends.
16. BPCL – ₹313
BPCL sells fuel across the country. It is also preparing for the future by investing in clean energy.
17. Tata Power – ₹397
This power company is working hard in solar and renewable energy. It’s growing well and has strong future plans.
18. REC Ltd – ₹390
REC gives loans to power sector projects like PFC. It has low bad loans and a good return on investment.
19. Dabur – ₹495
Known for its herbal and Ayurvedic products, Dabur is a trusted name in Indian households and is growing overseas.
20. Indus Towers – ₹396
They build and manage mobile towers. With the rise of 5G, this business could grow steadily in the coming years.
Final Thoughts
These stocks are from different industries—some are government-backed, some are private, and many have strong growth plans. Investing in these under ₹500 stocks can be a good start if you’re looking to build a strong and affordable portfolio. Always check the company’s financials and do your research before investing.
