Large-cap stocks are generally considered safe for several reasons. They offer stability and resilience due to their robust financial infrastructure, which helps them weather economic downturns more effectively than mid-cap or small-cap companies. This stability reduces the likelihood of bankruptcy during difficult economic times, as they have a strong market position and solid financial performance.
Additionally, large-cap stocks tend to be less volatile compared to mid-cap and small-cap stocks, meaning their stock prices are less likely to fluctuate sharply in response to market changes. This stability makes them attractive to investors seeking steady returns with lower risk.
Following are a few large-cap stocks under Rs. 200 trading at a discount of up to 44 percent:
Indian Oil Corporation Limited
With a market cap of Rs. 1.82 lakh crores, the stock jumped nearly 1.2 percent to Rs. 132.55 on Wednesday. The stock hit its 52-week high at Rs. 185.95 on 30th July 2024, and compared to its current price levels of Rs. 129, the stock is trading at a discount of nearly 31 percent.
In Q3 FY25, the company’s revenue from operations decreased marginally by around 3 percent to Rs. 1,94,014 crores, while the net profit declined by nearly 76.7 percent YoY to Rs. 2,147 crores.
IOCL is India’s flagship Maharatna national oil company with business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation & marketing, to exploration & production of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations.
Tata Steel Limited
With a market cap of Rs. 1.58 lakh crores, the stock slumped nearly 4 percent to Rs. 125.35 on Wednesday. The stock hit its 52-week high at Rs. 184.6 on 18th June 2024, and compared to its current price levels of Rs. 127, the stock is trading at a discount of nearly 31 percent.
In Q3 FY25, the company’s revenue from operations decreased marginally by around 3 percent to Rs. 53,648 crores, while the net profit grew by nearly 43.5 percent YoY to Rs. 295 crores.
Tata Steel Limited is engaged in the business of offering a wide range of steel products, including a portfolio of high-value-added downstream products such as hot rolled, cold rolled, coated steel, rebars, wire rods, tubes and wires.
GAIL (India) Limited
With a market cap of Rs. 1.12 crores, the stock jumped nearly 0.5 percent to Rs. 173.55 on Wednesday. The stock hit its 52-week high at Rs. 246.35 on 31st July 2024, and compared to its current price levels of Rs. 171, the stock is trading at a discount of nearly 31 percent.
In Q3 FY25, the company’s revenue from operations increased by around 6.2 percent to Rs. 36,835 crores, while the net profit grew by nearly 28 percent YoY to Rs. 4,084 crores.
GAIL (India) Limited is the largest state-owned natural gas processing and distribution company in India. It is engaged in the trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc.
Punjab National Bank Limited
With a market cap of Rs. 1.1 lakh crores, the stock jumped nearly 0.2 percent to Rs. 97.04 on Wednesday. The stock hit its 52-week high at Rs. 142.9 on 30th April 2024, and compared to its current price levels of Rs. 96, the stock is trading at a discount of nearly 33 percent.
In Q3 FY25, the company’s Net Interest Income (NII) increased by around 7.2 percent to Rs. 11,157 crores, while the net profit grew by nearly 97 percent YoY to Rs. 4,811 crores.
Founded in 1894, Punjab National Bank is a banking institution engaged in the business of providing personal, social, agricultural, international and corporate banking services.
Indian Railway Finance Corporation Limited
With a market cap of Rs. 1.62 lakh crores, the stock jumped nearly 0.4 percent to Rs. 124.7 on Wednesday. The stock hit its 52-week high at Rs. 229.05 on 15th July 2024, and compared to its current price levels of Rs. 124, the stock is trading at a discount of nearly 44 percent.
In Q3 FY25, the company’s revenue from operations increased marginally by around 0.4 percent to Rs. 6,763 crores, while the net profit grew by nearly 2 percent YoY to Rs. 1,631 crores.
IRFC was incorporated by the Government of India, Ministry of Railways, as a financing arm of Indian Railways, for the purpose of raising the necessary resources for meeting the developmental needs of Indian Railways
The company’s principal business is to borrow funds from the financial markets to finance the acquisition/creation of assets, which are then leased out to the Indian Railways as a finance lease.
Written by Shivani Singh
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