When a decent dinner at a restaurant can cost you somewhere between 400 to 500, why can’t you invest the same money in stocks? Yes. Contrary to popular belief, the minimum cost of stocks is not 1000 but below that. You could either invest in it by simply eating in your home by the weekend or purchase a stock and secure your future by making the right decision.
To know what are the best stocks you can invest for 500, keep reading the post.
Gujarat Gas LTD
Gujarat Gas Limited is a natural gas distribution company in India that was established in the year 1980. It is headquartered in Ahmedabad in the state of Gujarat and is also owned by Gujarat State Petroleum Corporation. The company operates in Gujarat and is one of the largest distributions located in India. The best part about investing in such top stocks is that your mutual funds will have higher holdings, the company will have lower debt, and also offer zero pledges as well. This is also a top stock that you can purchase for Rs 500.
Hindalco Industries is one of the biggest metal powerhouses in India. It is also a flagship company of Aditya Birla. Being one of the latest aluminum rolling companies, it also plays a major role in copper. It is also one of the largest producers of aluminum in this field. Some of the biggest benefits of investing in this stock include getting high returns over a span of 5 years, increasing shareholdings, TTM EPS growth, etc. You can purchase this stock for Rs 500. It is easily available online.
Ajanta Soya Ltd
Ajanta Soya Ltd is a company that is engaged in the business of manufacturing various cooking oils for bakery products like puffs, pastries, etc. Being a well-established organization, it has a huge track of preparing cooking oils. One of the biggest benefits of investing in Ajanta Soya is the high return on stocks, strong EPS growth, etc. The downside can be a decline in property and a high-profit margin. Stocks like this can be purchased at less than Rs 500 too.
Dabur Ltd is a multinational company founded in Ghaziabad by S.K.Burman. It plays a role in manufacturing Ayurvedic medicine as well as natural consumer goods. It is one of the biggest and fastest-moving consumer goods (FMCG) across India. It also derives most of its revenue from consumer care. It also takes 11% from food businesses and the rest of it from business units. The Dabur Share price NSE is Rs. 500.
Established in the year 1986, the Kaveri Seeds company was founded alongside Mr. Gundavaram Venkata Bhaskar Rao, Mr. Rangineni Venu Manohar Rao & its promoters Mr. Gundavaram Venkata Bhaskar Rao. They happen to be graduates in the field of agricultural science and began their seed production in the bred varieties like sunflower and corn bajra along with their own lands in Karimnagar District Andhra Pradesh. The Kaveri Seeds Share Price is 486 rupees only.
We’ve covered a few of the best stocks you can invest in under Rs 500 with the best fundamentals. While you can also build investing habits, you should not invest depending on the research but also the reviews of how it has performed previously. Which company do you think is the best for investments? Let us know in the comments below.