The trading session on Thursday remained volatile as the Bulls locked horns with the bears. The benchmark indices extended their move and ended in the green. The S&P BSE Sensex added 54 points or 0.9% to settle at 59,085 while the NSE Nifty 50 index jumped 27 points or 0.16% to close at 17,604.
During a volatile market, fundamentally strong stocks seem to hold the ground firm. Here are some stocks below Rs 100 to add to your watchlist:
Steel Authority of India
The shares of Steel Authority of India moved by 0.35 and closed at Rs 79.70 on Thursday. In a month the stock has gained more than 6 per cent. However so far this year, the stock has shed more than 27% YTD.
In Q1FY23, the company reported total revenue of Rs 24,028 crores up from Rs 20,643 crores which it earned in the same period a year ago. In the same period, their net profit stood at Rs 661 crores compared to Rs 3,835 crores in Q1FY22.
The company has a market capitalization of Rs 32,970 crores and a high dividend yield of 10.97%. The company is undervalued as its PE stands at 3.60 compared to the industry PE of 5.33.
Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country. SAIL produces a broad range of iron and steel at five integrated plants and three special steel plants.
Trident Ltd
The shares of the company inched 0.9% higher and closed at Rs 36.90 on Thursday. In a month the stock has shed more than 5 per cent. So far this year, the stock has declined by more than 31 per cent YTD.
In Q1FY23, the company earned a total revenue of Rs 1679 crores up from Rs 1482 crores which it earned in the same quarter a year ago. Their net profit stood at Rs 128 crores as against Rs 206 crores in Q1FY22.
Trident has a market capitalization of Rs 18,727 crores and a dividend yield of 0.98% The promoters hold a 72.94 per cent stake in the company.
Trident Limited, the flagship company of the Trident Group, is a leading manufacturer of yarn, Bath Linen, Bed Linen, wheat straw-based paper, Chemicals, and Captive Power. The company has some elite names like Reliance, Grasim Industries, and Toyota Industries as their channel partners.
National Aluminium Company Ltd
The shares of the company fell marginally by 0.3% and closed at Rs 79.70 on Thursday. In a month, the stock has added more than 7 per cent. However, so far this year the stock has shed more than 22 per cent YTD.
In Q1FY23, the company made a total revenue of Rs 3,783 crores up from Rs 2,474 crores earned in the same period a year earlier. Their net profit also increased to Rs 578 crores up from Rs 347 crores in Q1FY22.
The company has a market capitalization of Rs 14,619 crores and a high dividend yield of 8.17%
NALCO is engaged in the business of manufacturing and selling Alumina and Aluminium. The Company is the lowest-cost producer of metallurgical grade alumina in the World and the lowest-cost producer of Bauxite in the world as per the Wood McKenzie report.
Railtel Corporation of India Ltd
The shares of the company inched by 1.9% and closed at Rs 96.70 on Thursday. In a month, the stock has added more than 2.4 per cent. However, so far this year the stock has shed more than 17 per cent YTD.
In Q1FY23, the company had total revenue of Rs 1,548 crores up from Rs 986 crores earned in the same period a year earlier. Their net profit also increased to Rs 208 crores up from Rs 157 crores in Q1FY22.
The company has a market capitalization of Rs 3,116 crores and a high dividend yield of 2.47%
RailTel Corporation of India Ltd. is an Indian public sector enterprise focusing on providing broadband and VPN services. It is a “Miniratna” PSE of the Government of India.
Anant Raj Ltd
The late Rakesh Jhunjhunwala share zoomed by 8.5% and closed at Rs 81 on Thursday. In a month, the stock has added more than 9 per cent. So far this year the stock has added more than 5 per cent YTD.
In Q1FY23, the company reported total revenue of Rs 159 crores up from Rs 62 crores which it earned in the same period a year ago. In the same period, their net profit stood at Rs 21 crores compared to Rs 4 crores in Q1FY22.
The company has a market capitalization of Rs 2,621 crores and a dividend yield of 0.15%.
Anant Raj Ltd is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls, and residential projects in the Northern region of India.
Written by – Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
