Finding the quality stocks of which prices are within your budget is quite a difficult task for beginners in India. As a stock market beginner, it is obvious that we don't want to invest too much money or don't want to go for the stocks having high prices. So I am here with the 10 best quality stocks under Rs. 1000 you can buy as a beginner, Read on!!. We have also shared the list of 15 best stocks under Rs.500 for beginners you can go and checkout.
Note; We have not included the stocks below Rs. 500 as the stocks is already shared in another article.
10 Best Quality Stocks to Buy under Rs.1000 for Beginners in India!
1. Axis Bank
pic credit; catchnews.com
With the market capitalization of Rs. 2,30,094 crores, Axis bank is a large-cap company and it comes at the 1st place in our list of 10 best quality stocks to buy under Rs 1000 for beginners. Axis Bank is a private sector bank headquartered in Mumbai, Maharashtra. The Bank offers a large list of products and services including current accounts, saving accounts, credit cards, debit cards, and personal loans.
Axis Bank's stock is considered as a moderate risk stock because of its volatility of 2.23x as per nifty but it has a good potential to compound your wealth at a good interest rate if you can hold the stock for the long term.
Axis bank is currently trading at a price of Rs. 750.65 and it has generated the returns of 72.96% in the last one year.
The Bank has reported a rise of 11% in the net interest income in the Jan-march quarter of 2021, on a year-on-year basis.
2. Mahindra & Mahindra ltd
Pic credit; listcarbrands.com
Mahindra and Mahindra Ltd is an Indian multinational automotive company, headquartered in Mumbai, Maharashtra. The company is one of the largest vehicle manufacturers in India and is the largest tractor manufacturer in the world. With the market capitalization of Rs.93,402 crores, M & M is a large-cap company and it finds the 2nd place in our list of 10 best stocks to buy under Rs.1000 for beginners.
M & M stock is currently trading at a price of Rs.782.60 and it has compounded its shareholder's wealth at a CAGR of 37.17% in the last one year.
M & M stock is considered as a Moderated risk stock because of its volatility of 2.14x as per nifty and it has the potential to compound your money at a good CAGR in a long run.
If we talk about the financials of the company, then the company has reported a 2% gain in profit after tax in their quarter four results of 2021.
3. HCL Technologies
pic credit; equitypandit.com
HCL Technologies finds the 3rd place in our list of best stocks to buy under Rs.1000 for beginners in India. With a market capitalization of Rs.2,67,201 crores, HCL technologies is a large-cap company. It is a subsidiary of HCL enterprises and its headquarter is in Noida, Uttar Pradesh. Along with India, France, United States, and Germany, the company is operating its business in 50 countries.
Promoters of the company have the highest stake of 60.33% in the company and 24.14% of holdings are held by the foreign institutions.
The stock is currently trading at a price of Rs.984.65 and is considered a low-risk stock due to the volatility of 1.76x as per nifty. The stock will provide the stability to your portfolio and also has the potential to generate good returns for you in long term.
Talking about the financials, HCL Technologies has reported a fall of 24.5% in its net profit in the Jan-March quarter of 2021 on yearly basis. But the good thing is their revenue increased by 1.8%.
4. IndusInd Bank
pic credit; justdial.com
Headquartered in Pune, IndusInd Bank is an Indian bank and it comes at 4th place in our best stocks to buy under Rs.1000 for beginners in India list with a market capitalization of Rs.78,134 crores. The Bank offers commercial, transactional, and electronic banking products and services.
IndusInd Bank's stock is currently trading at a price of Rs.1009.65 and you will be amazed to see that it has generated returns at a CAGR of 103.60% in the last one year. Over the last five years, the market share of the bank has been increased from 4.24% to 5.85%.
The stock is considered as a moderate risk stock as it has volatility of 2.89x as per nifty.
IndusInd Bank has reported a huge rise of 190% in net profit in the Jan-March quarter of 2021 on a year-on-year basis.
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5. HDFC Life
Pic credit; The Free Press Journal
HDFC Life Insurance company Ltd. is a long-term insurance providing company and it is one of the leading private life insurers in the life insurance industry in India, finds the 5th place in our list of best stocks under Rs.1000 to buy for beginners in India. The company is a joint venture between one of India's leading financial institutions, HDFC (Housing Development Finance Corporation Ltd.), and a global investment company, Standard Life Aberdeen. As of 31st March 2020, the holding of HDFC ltd. is 51.69%, and the holding of Standard Life Aberdeen is 34.75% in the company. The remaining equity is held by public shareholders.
If we talk about the product portfolio of the company then it offers products like pension, protection, savings, investment plans.
The current market capitalization of the company is Rs.1,38,985 crores and the stock is currently trading at a price of Rs.687.50. The company's stock has generated a return of 17.58% in the last one year.
The stock is categorized as a low-risk stock as it is 1.41x as volatile as Nifty which means the stock is best suited for you if too many ups and downs in the chart scare you.
If we talk about the financials of the company, the company has reported a minor growth of 2.38% in profit after tax (PAT) in the 4th quarter of FY 2021 on yearly basis.
6. Tech Mahindra
pic credit; jobsdestiny.com
Headquartered in Pune, India, Tech Mahindra finds the 6th place in our list of best stocks under Rs.1000 to buy for beginners in India. Tech Mahindra is an Indian multinational company that provides business process outsourcing services (BPO) and information technology services. With a market capitalization of Rs.1,05,554 crores, Tech Mahindra is a large-cap company.
Promoters of the company have 35.76% of holdings in the company and 38.32% of the holdings are held by foreign institutions.
The stock is currently trading at a price of rs.1089.40 and it has generated returns at a CAGR of 87.33% in the last one year. The stock is classified as low-risk stock, has a volatility of 1.71x as per nifty. The stock can generate good returns for you if you can hold this stock for the long term and will also provide the stability between the high risks stocks in the portfolio.
The financials of the company shows a fall of 17.4% in the profit of the company in the Q4 results 2021 on yearly basis.
7. ICICI Prudential life Insurance
pic credit; VCCircle
ICICI Prudential Life Insurance Company Limited is a life insurance company in India and it is a joint venture between ICICI Bank and Prudential plc. Promoters have the highest stake in the company which is 73.48% and after that Foreign institutional holdings have 16.51% stakes in the company and it comes at the 7th place in our list of best stocks under Rs.1000 to buy for beginners in India.
It offers products like term plans, Investment plans, retirement or pension plans, and ULIPs (Unit links investment Plans).
The current market capitalization of the company is Rs.88,982 crores indicating that it is a large-cap company and the stock is currently trading at a price of Rs.619.40. In the last one year, It has generated a return of 42.33% CAGR.
Again, if you don't like too much volatility then you should give some space to this stock into your portfolio as this stock will give stability to your portfolio and also have the potential to generate good returns if you can hold the stock for the long term.
When we have a look at the financials of the company, then it has reported a fall of 64% in the net profit in the quarter of Jan-March of the FY2021 on yearly basis.
8. Havells India
pic credit; realtyplusmag.com
Havells India Limited is an Indian multinational company based in Noida, India and it finds the 8th place in our list of best stocks to buy under Rs.1000 for beginners in India. The product portfolio of the company includes home and kitchen appliances, commercial and industrial applications, lighting for domestic, LED lighting, fans, water heaters, wiring accessories, etc...Havells India owns brands like Havells, Lloyd, Crabtree, Reo, Standard electric, and Promptech.
The stock is currently trading at a price of Rs.985.55 and the current market capitalization of the company is Rs.61,721 crores indicating that it is a large-cap company.
The stock is classified as moderate risk stock because of its volatility of 2.01x as per nifty. Still, the stock is good for keeping it in the portfolio as it has the potential to compound your wealth at a good CAGR if you can go for the long run.
The promoters of the company have the highest holding of 59.59% in the company and 24.91% of holdings are held by foreign institutions.
If we talk about the financials of the company, then the company has reported a rise of 71% in the net profit in the 4th quarter of the 2021 on yearly basis.
9. Tata consumer products
pic credit; business today
The stock at 9th place comes from the FMCG sector with a market capitalization of Rs.70,369 Tata consumer is a large-cap company. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee. As of March 2021, the promoters of the company hold 34.71% stakes in the company, and 25.24% of the holdings are held by foreign institutions.
The stock is currently trading at a price of Rs.763.60 and it has generated a returns of 88.22% in the last one year.
The stock is classified as a low-risk stock because of its low volatility of 1.74x as per nifty. The stock will give stability to your portfolio and also can compound your money at a good interest rate in the long term.
The financials of the company shows a 61.98% growth in profit before the tax section of the company in the Jan-March quarter of 2021 on a year-on-year basis.
10. Cadila healthcare Ltd
pic credit; timesbuzzer.com
Cadila Healthcare Ltd comes from the pharma sector in 10th place in the list of best stocks to buy under Rs.1000 for beginners in India. Cadila Healthcare is a large-cap company with a market capitalization of Rs.65,452 crores.
The company got permission to conduct human trials of the development of Covid-19 vaccine named ZyCoV-D and the vaccine was expected to hit the market from the month of June 2021.
The stock is classified as a low-risk stock as it has volatility of 1.93x as per nifty which means the stock will keep your portfolio stable.
The company's stock is currently trading at a price of 639.35 and it has generated a returns of 76.18% in the last one year.
If we look at the shareholding pattern of the company, then 74.88% of stakes are held by the promoters of the company and 5.23% of the holdings are held by the foreign institutions.
The financial of the company shows a rise of 73% rise in the net profit section of the company in the Jan-March quarter of 2021.
Also read;
The Bottom Line...
Above all the stock prices, market capitalizations, shareholdings, and the volatility data are as of 4th of July, 2021, they may change with the change in stock prices and they have been taken from tickertape.
In the above article, the Author is just sharing his opinion meanwhile he is not giving you any stock suggestions. Please consult with your financial advisor or do thorough research by yourself before investing in these stocks.
Let's end this article with these quality stocks available at under Rs.1000. If you liked the article, do share it with your friends and your loved ones and if you have any queries or want to share something please feel free to comment down. Till the next post, Goodbye, and Happy Investing!!✌✌
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