The Best Stocks Under INR 50 for Retail Traders

Everyone wants to trade in the stock market, but not everyone can afford to. Some stocks have a per share price so high that they are unaffordable for small retail traders. To address this issue, we have compiled a list of some of the best stocks available under INR 50 in India. These stocks offer potential for growth and are within reach for retail traders. Let's explore the top picks:

Yes Bank

Yes Bank has a current share price of around INR 26, which is one of the most attractive options for retail traders. Despite its current market value, the stock is volatile and can experience corrections. A good entry level for investing would be around INR 16, with a potential target of INR 32. However, the stock should not be viewed as a long-term investment unless it sustains at INR 22 or above.

EZ My Trip

EZ My Trip is another promising stock with a share price around INR 5. This stock has seen significant price movements in the past and could potentially reach INR 60 in the short term, driven by increased trading volumes. For a conservative trader, waiting for better volumes before increasing the investment is wise. If you are comfortable with a higher risk level and anticipate good volumes, aiming for a target of INR 60 could be a viable strategy.

Ratan India Power and Jai Prakash Power

These two companies, Ratan India Power and Jai Prakash Power, have share prices of around INR 24 and INR 20, respectively. Both offer solid value and growth potential. Ratan India Power's financials have been robust in recent quarters, supporting the outlook for this stock. For traders looking for opportunistic entries, these stocks provide a good entry point at INR 20.

JP Associates - A Technical Analysis Perspective

Another interesting stock is JP Associates, currently trading at around INR 20. This stock has shown strong performance, recovering from key support levels and demonstrating resilience. According to the 200-DEMA blue line, the stock has provided a return of over 100% in just three months. It is poised to break out from the 20-DEMA green line if it crosses 20.35 with adequate volume, which could lead to a fresh breakout. The stock's financials also support its potential for growth.

Conclusion and Investment Caution

While these stocks offer significant opportunities, it's important to note that investing in stocks under INR 50 carries risks. These companies may be more volatile and less liquid than larger cap stocks. It is crucial to carefully consider the risks before making any investment decisions. Additionally, we highly recommend consulting with a financial advisor before investing in any of these stocks.

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Note: This article is for informational and educational purposes only. The decision to invest in any of these stocks should be made after careful research and consultation with a financial advisor.

Happy Investing!