4 Fundamentally Strong Mid And Small Cap Stocks Below Rs. 100 To Buy For Long Term

While cheaper stocks go easy on one's pocket as they can accumulate more of such stocks at a lower stock, fundamentals come to play in multiplying your wealth invested in those scrips.

Likewise, here are 4 such fundamentally strong stocks priced less than Rs. 100 that you can add to your portfolio for long term:

Shree Digvijay Cement

The small cap cement company possesses stable growth history and is a debt free company. Further, the company is also a good dividend paying entity with dividend yield at a good over 5%. Net income at the concern for the Fy22 period has been Rs. 55.28 crore. Also, the stock in comparison to the sector is trading at an attractive TTM PE

Technically in the strength for the stock, there is seen bullish engulfing pattern.

Trident

The mid-cap company is a terry towel, yarn and wheat straw based paper manufacturer. The company has significant cash on its books. The promoter holding in the concern is also at a good over 72%. Financial result wise, the company's Q4 results have inched higher by 137% YoY yoy Rs. 181 crore. Also, the company shall draw benefits from the PLI schemes. Nevertheless, P/E at the concern is on the higher side.

As per Motilal Oswal, the only concern at the firm shall be there will be a drag on margin owing to increase in input costs.

Welspun India

This is a small cap textile weaving entity. The company's product line includes home textile products, primarily terry towels, bed linen products and rugs. The company is currently priced at Rs. 71.15 per share. Also, it is decently valued. The company's strength as highlighted is its ability to manage assets and improve profitability, with improving RoA. Over the last 5 years, revenue has grown at a yearly rate of 4.26%, vs industry avg of -0.54% The company is also witnessing consistent improving in its financials.

Also, the stock is trading close to its 52-week low price.

IDFC First Bank

This mid cap bank priced at just Rs. 36 is a good bet considering growth in net profit with increase in profit margin (QoQ). Over the last 5 years, revenue has grown at a yearly rate of 35.08%, vs industry avg of 12.95%. The only threat though is the high valuation with P/E over 40. The bank's net profit is on a consistent rise and its asset quality is also improving with last quarter's % of net NPA placed at 1.53.

Disclaimer

The above stocks though fundamentally strong need to be picked after individual's carefull assessment.