As India’s economy continues to expand at a fast rate, astute investors are constantly on the watch for the next big chance. Investing in equities is a fantastic way to profit on India’s bright market and make high returns, even with a small budget. In this piece, we’ve handpicked the top 21 stocks trading under Rs. 1000 that you should watch in 2023.
These companies reflect a wide variety of industries with solid development prospects, ranging from electricity and steel to oil and gas and natural gas delivery. So, whether you’re an experienced investor or just getting started, keep reading to find your next major purchase in India’s booming marketplaces in 2023.
Table of Contents
- Introduction: Investing in Stocks Under Rs. 1000
- NTPC Ltd.
- Tata Power Company Ltd.
- BHEL (BHEL)
- Power Grid Corporation of India Ltd.
- NHPC Ltd.
- Indian Oil Corporation Ltd. (IOC)
- Oil India Ltd.
- Hindustan Petroleum Corporation Ltd.
- Bharat Petroleum Corporation Ltd.
- GAIL (India) Ltd.
- Steel Authority of India Ltd.
- Tata Steel Ltd.
- JSW Steel Ltd.
- National Aluminum Company Ltd.
- Hindalco Industries Ltd.
- Gujarat Gas Ltd.
- Indraprastha Gas Ltd.
- Adani Ports and Special Economic Zone Ltd.
- India Container Company Ltd.
- State Bank of India
Introduction: Investing in Stocks Under Rs. 1000
Investing in the stock market is an excellent method to build wealth over time. Many people, however, are intimidated by the high prices of famous stocks, believing that they require a large amount of capital to get started. Fortunately, many stocks are accessible for buy at lower prices and still have the potential for high returns.
(NTPC) is one of India’s biggest power companies, with a solid balance sheet, diversified business strategy, and good development potential.
NTPC Ltd. (formerly known as National Thermal Power Corporation Limited) is an Indian public sector enterprise (PSU) and one of the country’s biggest electricity firms. It was founded in 1975 under the Companies Act of 1956.
The primary business of NTPC is the production and selling of electricity. Its electricity production sources are varied, including coal, gas, water, solar, and wind power.
Tata Power Company Ltd.
Tata Power Company is a prominent player in the Indian electricity industry, emphasizing renewable energy.
Tata Power Company Ltd. (TATA POWER) is a subsidiary of the Tata Group, one of India’s biggest corporate conglomerates. The business was founded in 1915 and is based in Bombay, India. TATA POWER also offers power project engineering, procurement, and building services and has a major foothold in the renewable energy industry.
The business has actively contributed to the government’s efforts to increase the proportion of renewable energy in India’s energy balance, and it has set a goal of generating 50% of its total capacity from non-fossil fuel sources by 2025.
Bharat Heavy Electricals Limited (BHEL) is one of India’s biggest engineering and production firms, specializing in power plant machinery and industrial boilers. BHEL (Bharat Heavy Electricals Limited) is an Indian public sector enterprise (PSU).
BHEL mainly designs, engineers, manufactures, constructs, tests, commissions, and services a broad variety of products and systems for the power, transmission, industry, transportation, renewable energy, and military sectors.
The business places a strong emphasis on research and development, and it has a number of R&D centers and technical collaborations with worldwide organizations.
Power Grid Corporation of India Ltd.
(POWERGRID) – The Power Grid Corporation of India is a state-owned electricity transmission business with a national footprint. Power Grid Corporation of India Ltd under the Ministry of Power of the Government of India. It was established in 1989 and is headquartered in Gurgaon, India.
The business is responsible for ensuring dependable and cheap energy transmission across the nation and plays a critical part in the growth of India’s power transmission infrastructure.
NHPC Ltd. (NHPC) – NHPC is a hydropower generation business based in India with a portfolio of electricity plants spread across the nation. The primary activities of NHPC are the planning, building, construction, administration, and upkeep of hydroelectric power facilities.
NHPC also offers power industry consulting services. The business has a strong worldwide footprint and has worked on hydropower projects in nations such as Bhutan and Nepal.
Indian Oil Corporation Ltd. (IOC)
Indian Oil Corporation Ltd. (IOC) – As India’s biggest oil business, Indian Oil Corporation is a major energy player. Indian Oil Corporation Ltd. (IOCL) is an Indian state-owned oil and gas business and a “Maharatna” enterprise under the Government of India’s Ministry of Petroleum and Natural Gas. It was established in 1964 and is based in New Delhi, India.
In addition to pipeline transit, natural gas marketing, petrochemicals, and renewable energy, IOCL is engaged in a variety of oil and gas-related companies. The business has been actively adding to the government’s efforts to increase the proportion of green energy in India’s energy balance by developing biofuels and solar power projects.
Oil India Ltd.
Oil India is a business engaged in upstream oil and gas research and production. Oil India Ltd. (OIL) is an Indian state-owned oil and gas business and a “Navratna” concern under the Government of India’s Ministry of Petroleum and Natural Gas.
It was founded in 1959 and is based in Duliajan, Assam, India. The primary business of OIL is the discovery, extraction, and delivery of crude oil and natural gas. OIL has been acknowledged for its environmental and social responsibility initiatives.
In India, the business has been engaged in a variety of social and community development initiatives, including education, healthcare, and rural development.
Hindustan Petroleum Corporation Ltd.
Hindustan Petroleum is one of India’s major gasoline distribution firms, with a nationwide store network. Hindustan Petroleum Corporation Ltd. (HPCL) is an Indian state-owned oil and gas business and a “Maharatna” enterprise under the Government of India’s Ministry of Petroleum and Natural Gas.
In addition to pipeline transit, natural gas marketing, petrochemicals, and renewable energy, HPCL is engaged in a variety of oil and gas-related industries. The business has been actively adding to the government’s efforts to increase the proportion of green energy in India’s energy balance by developing biofuels and solar power projects.
Bharat Petroleum Corporation Ltd.
Bharat Petroleum Corporation Ltd. (BPCL) – Another major oil distribution firm with a large foothold in the Indian market is Bharat Petroleum and a “Maharatna” enterprise under the Government of India’s Ministry of Petroleum and Natural Gas.
BPCL’s primary activities include the discovery, production, refining, selling, and sale of petroleum products such as gasoline, diesel, liquefied petroleum gas (LPG), aircraft turbine fuel (ATF), lubricants, and other petrochemical goods.
In addition to pipeline transit, natural gas marketing, petrochemicals, and renewable energy, BPCL is engaged in a variety of oil and gas-related industries.
GAIL (India) Ltd.
(GAIL) is a state-owned natural gas processing and transportation business in India and transportation firm. The business was established in 1984 and is based in New Delhi, India.
GAIL is also involved in a number of exploration and producing initiatives both in India and abroad. Furthermore, the business has expanded into renewable energy, such as wind and solar electricity.
GAIL is susceptible to government regulations and policies as a state-owned business. The business has been a driving force in pushing natural gas as a greener and more effective fuel source in India, and it is critical to the country’s energy security.
Coal India Ltd. Coal India, as one of the world’s biggest coal mining firms, is an important player in the Indian energy industry. The business was established in 1975 and is based in Calcutta, West Bengal, India.
CIL is the world’s biggest coal producer, with over 80 mining regions spread across eight Indian states. Coking coal, non-coking coal, and thermal coal are all produced by the business and used in electricity generation, steel manufacturing, and other sectors.
CIL also participates in coal beneficiation, coal washing, and coal-fired electricity production. The corporation owns and operates coal mines and electricity stations, as well as research and development facilities.
Steel Authority of India Ltd.
SAIL is a government-owned steel-making company with a major influence in the Indian market.
SAIL has combined steel factories in several Indian cities, including Bokaro, Bhilai, Rourkela, Durgapur, and Burnpur. Steel goods manufactured by the business include hot and cold-rolled sheets and rolls, galvanised sheets, structural steel, railway products, and plates.
SAIL is also engaged in steel manufacturing research and development, and has worked with different academic and research organisations in India and overseas.
Tata Steel Ltd.
Another significant participant in the Indian steel market, Tata Steel has a diverse business strategy that includes steelmaking, mining, and selling.
Tata Steel is India’s second biggest steel manufacturer. Steel goods manufactured by the business include hot-rolled and cold-rolled rolls, wire rods, tubes, plates, and value-added products for sectors such as building, automobile, aircraft, and energy.
In addition, the business has extended its worldwide activities through strategic acquisitions, such as the 2007 acquisition of the UK-based steelmaker Corus Group.
Tata Steel prioritises sustainability, creativity, and client happiness. The business has undertaken a number of efforts to reduce its carbon impact and increase energy economy, as well as investing in research and development to create new goods and innovations. Tata Steel also has a robust corporate social responsibility programme and is engaged in a variety of community development projects.
JSW Steel Ltd.
JSW Steel is a prominent Indian steel producer with a strong domestic market emphasis. JSW Steel Ltd. (JSWSTEEL) is an Indian steel manufacturing business. JSW Steel has combined steel factories in Karnataka,
Maharashtra, and Tamil Nadu, including Vijayanagar in Karnataka, Dolvi in Maharashtra, and Salem in Tamil Nadu. Steel goods manufactured by the business include hot and cold-rolled sheets, galvanised and color-coated products, wire rods, and special steel products.
In addition, the business has expanded into the energy industry, with investments in wind and solar power initiatives. JSW Steel also has activities in the United States, Europe, and other nations.
National Aluminum Company Ltd.
NALCO is a state-owned aluminum manufacturer with a multifaceted business strategy that encompasses mining, refining, and smelting. National Aluminium Company Limited (NALCO) is an Indian state-owned aluminium manufacturing business.
NALCO owns and runs integrated aluminium facilities in India, including Angul and Damanjodi. The business manufactures aluminium ingots, billets, rolled products, and extrusions for use in sectors such as building, automotive, packing, and electrical.
NALCO also has captive power facilities that produce electricity from sustainable sources such as wind and solar energy. Furthermore, the business has a major influence in the mining industry, with bauxite and alumina mining operations spread across India.
Hindalco Industries Ltd.
Hindalco Industries Ltd. (HINDALCO) – Another significant participant in the Indian aluminum sector, Hindalco Industries focuses on downstream goods. Hindalco has incorporated aluminium facilities in several Indian states, including Renukoot in Uttar Pradesh and Belagavi in Karnataka. The business manufactures aluminium ingots, billets, rolled products, and extrusions for use in sectors such as building, automotive, packing, and electrical.
Hindalco also produces copper, with activities in India and other nations. Furthermore, the business has made investments in renewable energy, with wind and solar power projects in different areas of India.
Gujarat Gas Ltd.
Gujarat Gas is a major natural gas delivery business in Gujarat. The business was established in 1980 and is based in Ahmedabad, Gujarat, India.
Gujarat Gas runs a network of pipes, compression units, and municipal gas delivery networks throughout Gujarat, as well as in portions of Dadra & Nagar Haveli and Maharashtra’s Thane region. Natural gas is supplied by the business to industrial, commercial, and domestic customers, as well as the transportation industry.
Gujarat Gas has also invested in wind and solar power initiatives, diversifying into the renewable energy industry. Furthermore, the business has a joint partnership with Bharat Petroleum Corporation Limited (BPCL) to establish compressed natural gas (CNG) outlets throughout India.
Indraprastha Gas Ltd.
Indraprastha Gas Ltd. (IGL) is a natural gas distribution business focused on the Delhi-NCR area. IGL has also expanded into the renewable energy industry, investing in wind and solar energy initiatives. Furthermore, the business has a joint partnership with Bharat Petroleum Corporation Limited (BPCL) to establish compressed natural gas (CNG) outlets throughout India.
IGL is susceptible to government laws and policies regarding pricing, tariffs, and safety standards as a natural gas distribution business. However, due to its emphasis on customer service, innovation, and sustainability, the business has been effective in extending its operations and boosting its client base.
Adani Ports and Special Economic Zone Ltd.
Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) is India’s biggest commercial harbor operator. It is a subsidiary of the Adani Group, India’s biggest corporate conglomerate.
ADANIPORTS runs harbours and facilities in Gujarat, Hazira in Gujarat, Dhamra in Odisha, and Krishnapatnam in Andhra Pradesh, among other places. The business offers a variety of freight processing, transportation, and port operations services to clients in industries such as energy, chemicals, agriculture, and cars.
ADANIPORTS has also invested in transportation and infrastructure, including rail and road networks, cargo trains, and inland rivers. The business has also dabbled in renewable energy, investing in wind and solar power initiatives.
ADANIPORTS, as a significant port operator, is susceptible to government laws and policies concerning port growth, tariffs, and environmental standards. However, due to its emphasis on innovation, technology, and sustainability, the business has been effective in expanding its activities and increasing its market share in India and overseas.
India Container Company Ltd.
India Container Company Ltd. (ICCL) is a division of Container Corporation of India Ltd. (CONCOR) that provides container port services. The business runs two container terminals in Chennai and Kolkata, both of which are vitally essential due to their proximity to key international commerce lines.
ICCL runs container freight facilities (CFS) in cities such as Bombay, Delhi, Chennai, and Kolkata. The business offers a variety of freight processing, storage, shipping, and distribution services to clients in industries such as retail, FMCG, fabrics, medicines, and electronics.
ICCL has expanded beyond its CFS activities into other logistics and transit services such as project freight processing, customs brokerage, supply chain management, and inland container depots (ICD). ICCL is susceptible to government laws and policies regarding licensure, customs clearance, and safety standards as a logistics and delivery business.
However, due to its emphasis on technology, creativity, and customer service, the business has been effective in extending its operations and boosting its client base.
State Bank of India
State Bank of India (SBI) is one of India’s largest banks, with a substantial presence in the country’s financial industry. State Bank of India (SBI) is India’s biggest public sector bank and one of the world’s largest banks in terms of assets.
It was established in 1955 and is based in Bombay, India. SBI provides its customers with a broad variety of banking and financial services, including personal banking, corporate banking, international banking, and treasury services. The bank has a large network of branches and ATMs throughout India, and it has also expanded its activities internationally.
Finally, there are many excellent stocks to buy in India that trade for less than Rs. 1000. These companies are from various industries, such as electricity, oil and gas, steel, and natural gas delivery. You can make educated investment choices and create a diverse portfolio that can help you achieve your financial goals in 2023 and beyond by conducting due investigation and studying each company’s financials and growth prospects.
It is essential to note that stock investing is risky, and it is critical to perform a thorough study before making any financial choices. The material in this content is given solely for instructional and informational reasons and should not be construed as financial guidance. Investing in the stock market entails risk, and prior success is no assurance of future profits.
Before making any investment choices, speaking with a financial advisor or conducting your own study is best. The author and distributor of this content are not liable for any losses or damages incurred as a result of using the information given herein.