Stocks priced under Rs 350 offer accessible investment opportunities for retail investors seeking entry into the market. These lower-priced stocks may present potential for growth and diversification within a constrained budget, appealing to those with limited capital.
ICICI Bank, India’s top private-sector bank, is a major participant in the financial industry. ICICI Bank has contributed significantly to India’s modern banking environment and economic progress by providing a wide range of financial services.
Here are the stocks in the ICICI portfolio with less debt under Rs 350:-
Laxmi Organic Industries Ltd
Laxmi Organic Industries Limited manufactures ethyl acetate, acetic acid, and diketene derivative products (DDP). DDP is a specialized chemical organization that purchased the technology and operations from Clariant Chemicals India Limited.
With a market capitalization of Rs 6,396.74 crore, the shares were trading at Rs 231.95 per share, increasing around 2.38 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.11.
Industrial Credit and Investment Corporation of India holds 47,88,806 equity shares which is equivalent to 1.74 percent of the company as of December 2023.
The company’s revenue stood at Rs 694 crore in Q3FY24, during the same time frame, net profit stood at Rs 27 crore.
Orient Electric Ltd
Orient Electric offers a varied range of fans, lights, household appliances, and switchgear. The firm is proud of its R&D skills, culture of constant innovation, and commitment to producing cutting-edge lifestyle electrical goods that fulfill the demands and expectations of modern customers.
With a market capitalization of Rs 4,201.17 crore, the shares were trading at Rs 196.90 per share, increasing around 0.61 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.20.
Industrial Credit and Investment Corporation of India holds 1,46,52,622 equity shares which is equivalent to 6.87 percent of the company as of December 2023.
The company’s revenue stood at Rs 752 crore in Q3FY24, during the same time frame, net profit stood at Rs 24 crore.
NCC Ltd
NCC Limited operates in the infrastructure sector, notably constructing industrial and commercial buildings, housing projects, highways, bridges, and flyovers, water supply and environmental projects, mining, power transmission lines, irrigation, and hydrothermal power projects.
With a market capitalization of Rs 13,774.95 crore, the shares were trading at Rs 219.40 per share, increasing around 4.10 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.23.
Industrial Credit and Investment Corporation of India holds 2,56,05,237 equity shares which is equivalent to 4.08 percent of the company as of December 2023.
The company’s revenue stood at Rs 5,260 crore in Q3FY24, during the same time frame, net profit stood at Rs 231 crore.
Written by:- Abhishek Singh
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