Top Stocks Under Rs 100 should be in your portfolio !

Wealth Creation is an important term in today's market. 

With Wealth comes risk, and risk can be avoided with some smart and well-researched bets. 

For new investors, it's necessary to start from low 

- to understand share market
- to study industries
- to place small bets and lose than placing big bets and losing
- to create a strategy around your objectives

In this blog, you will get to know what are the top companies you could bet whose shares are under Rs 100 and the growth it had previously. 

Punjab National Bank - Rs 82 per share price

Punjab National Bank is a 124-year old Indian multinational banking and financial services company. It is a state-owned corporation based in New Delhi, India. The bank was founded in 1894. As of 31 March 2017, the bank has over 80 million customers, 6,937 branches and 10681 ATMs across 764 cities. 

It had been recently recorded with losses of Rs. 13,240 crores and close to $2 Billion Fraud led by Nirav Modi and Mehul Choksi. 

But in this quarter Q3 of 2018 it delivered a surprise net profit of Rs 240 crore on account of its "Mission Parivarthan" led by its Chief Legal Officer who is charged with reducing the NPAs, creating a resolution for larget NPA account of worth Rs 5,000 crore and going through legal way for bad loan recoveries. All in all, it's a win situation for PNB for the financial year end and it selling its non-core business like PNB Housing Finance and others.

Electrosteel Steels: Rs. 31 a share price

With a market capitalisation of Rs 6000 crore and reveune of 1000 crore per annum and vertically integrated steel manufacturer in India with a mission to meet the ever growing demand of its quality products and with Electrosteel acquired 46% stake in Lanco Industries Limited in March 2002, which is involved in manufacturing of DI Pipes, Pig Iron, Cement and Castings.
All these factors are key in extending the legacy of Electrosteel - to be recognized as a quality conscious manufacturer dedicated to serving the country and participating in the process of nation-building. 
The stock has grown 10 times in one year from Rs 3 a share. Exciting times yet to come with growing order book and profits.
Jain Irrigation Systems: Rs 62 per share price
Jalgaon based agricultural water equipment manufacturer and with Rs 31 billion market cap with the presence of over 180 countries, it makes a must have in your portfolio.  It develops, manufactures, supports and sells diversified products, including drip and sprinkler irrigation systems and its components, integrated irrigation automation systems, PVC and PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar power, solar water heating systems, solar water pumps, turnkey biogas plants, and photovoltaic systems. JISL also processes dehydrated vegetables, concentrated and frozen fruits or pulp. It bagged order worth 1700 crore from L&t for a residential project in Chennai in 2018.
Ruchi Soya: Rs 6 per share price
Troubled edible oils manufacturer with Rs 12,000 crores of debt and business interests in more than 20 categories. Ruchi Soya was short on funds to meet its working capital requirements and delay in payments from its trade creditors. 
Due to its strong industry understanding, aligned distribution network and diversified business and iconic brands it has got interests from the likes of Patanjali and Adani Wilmar for a complete takeover and capital infusion of Rs 6,000 crore additionally. Once the acquisition is complete it will be a worth watching growth trend for the investment made. 

Binani Industries: Rs 43 a share price 
Binani Industries Ltd is an Indian business group based in Mumbai. It is a 143-year old business conglomerate and belongs to the Braj Binani Group. The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber, and downstream composite products. Although the shares have hit a rock bottom it has gained momentum by improving its sales, optimizing its product and enhancing the value proposition for its shareholders in terms of profits. 
Rossell India Ltd: Rs 70 a share price 
Established in 1994 the company has diverse interests in Tea, Aviation and Hospitality. In the Aerospace and Defence segment, the company has JV’s, partnerships and service agreements with leading OEMs of the world. Apart from this, Rossell India Limited also has strategic partnerships in the Hospitality sector. Rossell India is listed on the Bombay, Kolkata, and Guwahati Stock Exchanges. Rossell India Limited has collaborative strategic investments in the fast food business in Nigeria, Africa. With franchise rights from YUMS, the brand owners of KFC, Pizza Hut and Taco Bell, eight KFC stores are already operational. By the end of 2012, forty outlets would be operational.

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