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6 NSE Stocks Below Rs 100 That You Can Buy

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Markets have rallied quiet a bit in the last few weeks, making it extremely difficult to find value. However, there are certain stocks that might still offer a good potential upside. Here are 6 such stocks that hold value.

Syndicate Bank
 

Syndicate Bank

There is a potential for upside in government owned banks. One is that there has been recent capital infusion in these banks by the government.

The second is that it is unlikely that the NPAs would worsen for these banks from here on. NPAs are non performing assets or loans that corporates and individuals take and do not pay back. Economic recovery is also gathering steam, which should benefit a bank like Syndicate Bank. Not a bad bet 0.45 times price to book value.

Sintex Industries

Sintex Industries

Sintex Industries is the world largest producer of plastic water tanks. It is also Asia's largest manufacturer of corduroy fabrics. The company has been gradually consolidating its position in the industry and has been reporting good quarterly numbers. We believe that with the expansion of capacities, the company is expected to do well in the coming years. A good bet at Rs 80 for the long term.

Allahabad Bank

Allahabad Bank

Like Syndicate Bank, there is a good scope for Allahabad Bank to give good returns. Economic recovery and hopes of improvement in asset quality should drive the shares going forward.

A target of Rs 100 on the stock from Rs 78 is a possibility.

Jain Irrigation
 

Jain Irrigation

Jain Irrigation is another stock that has the potential to rally. The government's focus on doubling farmer income in the next 5 years is a big positive. The thrust on farmers in the last Union Budget and higher allocations is likely to benefit a company like Jain Irrigation which is into drip irrigation, sprinkler irrigation, PVC pipes and fittings etc. Not a bad stock to own at Rs 70.

L&T Finance Holdings

L&T Finance Holdings

This is a part of the L&T group and hence comes with a strong pedigree. If you have the patience to hold the stock for the next few years, it could easily fetch good returns. The company's subsidiary L&T Finance is a major financier for tractors, commercial vehicles, construction equipment. The stock at Rs 78, has the potential to yield good results.

Andhra Bank

Andhra Bank

Andhra Bank is another stock that is likely to benefit from a fast growth in the economy. It is likely to reduce the NPAs at the bank, as well as boost net interest margins. The stock is not a bad bet at Rs 59.

Disclaimer

Disclaimer

The article is not a solicitation to buy, sell in securities or other financial instruments mentioned in the article. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article.

Story first published: Wednesday, July 27, 2016, 5:29 [IST]
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