Top 5 Best Stocks Under ₹600

These are Top 5 Best Stocks Under ₹600 which you should consider before investing anywhere else:

State Bank of India

Best Stocks Under ₹600: State Bank of India (SBI) is a bank sector company. The total valuation (market value) of the company is ₹4,12,718 crores. The price of one share of the company is ₹445.05 in BSE market and ₹444.65 in NSE market. State Bank of India was established in the year 1806.

As per the report provided by the company, the total income for the last year stood at Rs 3,02,545.07 crore and the total sales stood at Rs 2,57,323.592 crore. The company’s net profit stood at Rs 14,488.111 crore. State Bank of India has paid tax of Rs -13,102.327 crore in the current year.

PROS

Company’s profit growth is of 178.66% CAGR over last 5 years

CONS

Company has low interest coverage ratio.
The company has delivered sales growth of 4.70% over past five years.
Company’s return on equity is 10.06% for last 3 years.
Contingent liabilities of Rs.1770797.16 Cr.
Company can capitalize the interest cost
Earnings include an other income of Rs.109582.01 Cr.

Laurus Labs Limited

Best Stocks Under ₹600: Laurus Labs Limited is a pharmaceutical company. The total valuation (market value) of the company is ₹28,772 crore. The price of one share of the company is ₹538.40 in BSE market and ₹538.35 in NSE market. Laurus Labs Limited was established in the year 2005.

As per the report provided by the company, the total income for the last year stood at Rs 2,803.149 crore and the total sales stood at Rs 2,797.335 crore. The company’s net profit stood at Rs 267.047 crore. Laurus Lab Limited has paid tax of -39.451 crore rupees in the current year.

PROS

Company’s profit growth of 30.25% CAGR over last 5 years
Company’s return on equity (ROE) track record of 3 Years is 28.14%

CONS

Stock is trading at 8.54 times its book value
Promoter holding has decreased over last 3 years: -5.50%

Tata Motors Limited

Best Stocks Under ₹600: Tata Motors Limited is a company in the commercial vehicle sector. The total valuation (market value) of the company is ₹ 1,32,861 crore. The price of one share of the company is ₹404.35 in BSE market and ₹404.30 in NSE market. Tata Motors Limited was established in the year 1945.

As per the report provided by the company, the total income for the last year stood at Rs 45,311.22 crore and the total sales stood at Rs 43,928.17 crore. The company’s net profit stood at Rs-7,289.63 crore. Tata Motors Limited has paid tax of -92.54 crores in the current year.

CONS

Stock is trading at 3.01 times its book value
Company has low interest coverage ratio.
The company’s sales growth is of 0.64% over past five years.
Company has a low return on equity of -21.77% for last 3 years.

Indian Energy Exchange Limited

Best Stocks Under ₹600: Indian Energy Exchange Limited (Indian Energy Exch) is a company in the electric utilities sector. The total valuation (market value) of the company is ₹16,486 crores. The price of one share of the company is ₹ 186.80 in BSE market and ₹ 186.90 in NSE market. Indian Energy Exchange was established in the year 2007.

As per the report provided by the company, the total income for the last year stood at Rs.297.152 crore and the total sales were Rs.257.031 crore. The net profit of the company stood at Rs 177.916 crore. Indian Energy Exchange Limited has paid tax of -49.033 crores in the current year.

PROS

Company is going to be debt free.
it is expected from the company to give good quarter.
Company’s profit growth of 24.98% CAGR over last 5 years
Company’s return on equity (ROE) track record: 3 Years ROE 47.29%
Company has been maintaining a healthy dividend payout of 52.40%
Company’s median sales growth is 16.01% of last 10 years

CONS

Stock is trading at 23.93 times its book value
Debtor days have increased from 26.30 to 74.94 days.

Tata Power Company Limited

Best Stocks Under ₹600: Tata Power Company Limited (Tata Power) is a company in the electric utilities sector. The total valuation (market value) of the company is ₹69,993 crore. The price of one share of the company is ₹ 222.85 in BSE market and ₹ 222.80 in NSE market. Tata Power Company Limited was established in the year 1919.

As per the report provided by the company, the total income for the last year stood at Rs.8,815.13 crore and the total sales stood at Rs.8,070.16 crore. The company’s net profit stood at Rs 148.12 crore. Tata Power Company Limited has paid tax of Rs-74.4 crore in the current year.

PROS

it is expected from the company to give good quarter.
Company’s dividend payout is 39.09%

CONS

Stock is trading at 3.17 times its book value
Company has low interest coverage ratio.
The company’s sales growth of 9.19% over past five years.
Tax rate seems low
Company’s return on equity of 4.54% for last 3 years.
Earnings include an other income of Rs.3003.74 Cr.

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