This article provides information on the top ten stocks that you can invest in for the year 2024. The stocks have been carefully analyzed, and their prices are expected to be around Rs. 180. The article also includes a detailed analysis of each of the ten best stocks mentioned.
Content Table –  *  The List Of Best 10 Stocks under Rs.180 in India.
                  *  Financial Analyses of The Best 10 Stocks under Rs.180 in India
Let’s See The List Of Best 10 Stocks under Rs.180 in India
| Serial | Stock Name | Code in NSE | Current Price | Date |
| 1 | Indian Oil Corporation Ltd | IOC | ₹ 172.20 | 02.03.2024 |
| 2 | Tata Steel Ltd | TATASTEEL | ₹ 155.25 | 02.03.2025 |
| 3 | Zomato Ltd | ZOMATO | ₹ 167.65 | 02.03.2026 |
| 4 | Indian Railway Finance Corporation Ltd | IRFC | ₹ 148.70 | 02.03.2027 |
| 5 | IDBI Bank Ltd | IDBI | ₹ 88.85 | 02.03.2028 |
| 6 | GAIL (India) Ltd | GAIL | ₹ 184.40 | 02.03.2029 |
| 7 | Indian Renewable Energy Development Agency Ltd | IREDA | ₹ 160.90 | 02.03.2030 |
| 8 | SJVN Ltd | SJVN | ₹ 121.00 | 02.03.2031 |
| 9 | Ashok Leyland Ltd | ASHOKLEY | ₹ 172.40 | 02.03.2032 |
| 10 | Samvardhana Motherson International Ltd | MOTHERSON | ₹ 120.05 | 02.03.2033 |
Financial Analyses of The Best 10 Stocks under Rs.180 in India
1. Indian Oil Corporation Ltd :
The Government of India controls Indian Oil Corporation Ltd, a Maharatna company operating throughout the hydrocarbon value chain. Its operations include the marketing, pipeline transportation, and refining of petroleum products in addition to exploration, production, and research and development as well as the sale of petrochemicals and natural gas. The corporation is a leader in the petroleum marketing and refining industries in India.
| Metric | Value |
| Market Cap | ₹ 2,42,738 Cr. |
| Current Price | ₹ 172 |
| High / Low | ₹ 197 / 75.8 |
| Stock P/E | 5.18 |
| Book Value | ₹ 118 |
| Dividend Yield | 2.90% |
| ROCE | 8.09% |
| ROE | 7.17% |
| Face Value | ₹ 10.00 |
| Debt | ₹ 1,15,418 Cr. |
| Promoter holding | 51.50% |
| Profit growth | 534% |
| Sales growth | -3.89% |
| Change in Prom Hold | 0.00% |
| EPS | ₹ 33.20 |
| Dividend yield | 2.90% |
| Profit after tax | ₹ 46,871 Cr. |
Share Holding Pattern
March 2023 data:
| Shareholder | Percentage |
|---|---|
| Public | 28.71% |
| Promoters | 51.50% |
| FIIs | 6.91% |
| DIIs | 11.92% |
| Government | 19.60% |
No. of Shareholders: 18,27,303
2. Tata Steel Ltd
The first integrated private steel firm in Asia was founded in 1907 and is called Tata Steel Ltd. The company has a broad presence throughout the steel manufacturing value chain. It is engaged in the mining, processing, and production of coal and iron ore as well as the distribution of finished steel products. By 2025, it wants to increase its domestic steel production capacity to 30 million metric tonnes annually.
| Metric | Value |
|---|---|
| Market Cap | ₹ 1,93,742 Cr. |
| Current Price | ₹ 155 |
| High / Low | ₹ 156 / 102 |
| Stock P/E | 100 |
| Book Value | ₹ 72.5 |
| Dividend Yield | 2.32% |
| ROCE | 12.6% |
| ROE | 7.28% |
| Face Value | ₹ 1.00 |
| Debt | ₹ 89,723 Cr. |
| Promoter holding | 33.2% |
| Profit growth | -89.0% |
| Sales growth | -6.52% |
| Change in Prom Hold | -0.72% |
| EPS | ₹ -2.74 |
| Dividend yield | 2.32% |
| Profit after tax | ₹ 1,934 Cr. |
Share Holding Pattern
Dec 2023 – Feb 2024 data:
| Shareholder | Dec 2023 | Feb 2024 |
|---|---|---|
| Promoters + | 33.70% | 33.19% |
| FIIs + | 20.01% | 19.37% |
| DIIs + | 23.15% | 23.07% |
| Government + | 0.16% | 0.16% |
| Public + | 22.99% | 24.21% |
No. of Shareholders:
- Dec 2023: 39,92,609
- Feb 2024: 43,43,102
- It has come to our attention that the holdings of Domestic Institutional Investors and Public investors are expected to experience a substantial increase in the year 2024. This is a great opportunity to consider investing in the market, as it is predicted to be on the rise. Don’t miss the chance to be a part of this upward trend.
* Please do your analyses before buying any stock.
3. Zomato Ltd
Zomato Limited is a popular online meal service platform that was established in 2010. The platform offers a variety of services including food delivery, eating-out options, and loyalty programs. As of December 31, 2020, Zomato has made significant progress in 23 countries, with 131,233 active food delivery restaurants and 161,637 active delivery partners. The platform has an average monthly food order volume of 10.7 million clients.
| Metric | Value |
| Market Cap | ₹ 1,47,864 Cr. |
| Current Price | ₹ 167.65 |
| High / Low | ₹ 174 / 49.0 |
| Stock P/E | Not available |
| Book Value | ₹ 22.90 |
| Dividend Yield | 0.00% |
| ROCE | -5.79% |
| ROE | -5.91% |
| Face Value | ₹ 1.00 |
| Debt | ₹ 521 Cr. |
| Promoter holding | 0.00% |
| Profit growth | 98.90% |
| Sales growth | 70.10% |
| Change in Prom Hold | 0.00% |
| EPS | ₹ -0.02 |
| Dividend yield | 0.00% |
| Profit after tax | ₹ -12.0 Cr. |
Share Holding Pattern
Dec 2021 – Sep 2023 data:
| Shareholder | Dec 2021 | Dec 2022 | Sep 2023 |
|---|---|---|---|
| FIIs + | 11.31% | 56.74% | 54.72% |
| DIIs + | 4.37% | 7.43% | 13.04% |
| Public + | 81.35% | 33.57% | 30.42% |
| Others + | 2.97% | 2.26% | 1.82% |
No. of Shareholders:
- Dec 2021: 8,01,097
- Dec 2022: 18,10,844
- Sep 2023: 17,08,100
4 . Indian Railway Finance Corporation Ltd
Established in 1986, the Indian Railway Finance Corporation (IRFC) operates as a funding arm for Indian Railways, successfully securing funds from both domestic and international markets. As a Mini Ratna I and Schedule A Public Sector Enterprise under the Ministry of Railways, Government of India, IRFC is also registered as a Systemically Important Non-Deposit Taking NBFC and Infrastructure Finance Company. Its primary services include providing financing for the acquisition of rolling stock assets, leasing railway infrastructure assets, and extending loans to other entities under the Ministry of Railways. With its unwavering focus on delivering quality services, IRFC has emerged as a leading player in the Indian railway finance sector Ministry of Railways.
| Metric | Value |
|---|---|
| Market Cap | ₹ 1,94,395 Cr. |
| Current Price | ₹ 149 |
| High / Low | ₹ 193 / 25.4 |
| Stock P/E | 32.2 |
| Book Value | ₹ 36.9 |
| Dividend Yield | 1.01% |
| ROCE | 5.32% |
| ROE | 14.7% |
| Face Value | ₹ 10.0 |
| Debt | ₹ 4,12,097 Cr. |
| Promoter holding | 86.4% |
| Profit growth | -7.13% |
| Sales growth | 12.0% |
| Change in Prom Hold | 0.00% |
| EPS | ₹ 4.62 |
| Dividend yield | 1.01% |
| Profit after tax | ₹ 6,038 Cr. |
Share Holding Pattern
Dec 2021 – Dec 2023 data:
| Shareholder | Dec 2021 | Dec 2022 | Dec 2023 |
|---|---|---|---|
| Promoters + | 86.36% | 86.36% | 86.36% |
| FIIs + | 1.09% | 1.01% | 1.15% |
| DIIs + | 3.20% | 2.97% | 1.15% |
| Public + | 9.34% | 9.66% | 11.34% |
No. of Shareholders:
- Dec 2021: 15,19,487
- Dec 2022: 16,05,726
- Dec 2023: 32,51,993
- We saw in this report public holding increased near 2%, FII holding increased by 0.1% and DII’s holding decreased by more than one percent.
5. IDBI Bank Ltd
IDBI Bank facilitates monetary intermediation for commercial, savings, and postal banks, as well as discount houses.
As of March 31, 2022, the bank operates a widespread network of 1,886 branches across India, including 426 in metro areas, 465 in urban areas, 585 in semi-urban areas, and 408 in rural areas (including 254 Financial Inclusion branches). Additionally, it has one overseas branch located at Dubai International Financial Centre (DIFC), Dubai, and one International Financial Services Centre (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec–City (GIFT), Gandhinagar. The physical network also includes 3,403 ATMs and 58 e-lounges.
| Metric | Value |
|---|---|
| Market Cap | ₹ 95,579 Cr. |
| Current Price | ₹ 88.8 |
| High / Low | ₹ 98.7 / 42.9 |
| Stock P/E | 17.9 |
| Book Value | ₹ 43.1 |
| Dividend Yield | 1.13% |
| ROCE | 4.26% |
| ROE | 8.34% |
| Face Value | ₹ 10.0 |
| Debt | ₹ 2,67,960 Cr. |
| Promoter holding | 94.7% |
| Profit growth | 65.6% |
| Sales growth | 29.3% |
| Change in Prom Hold | 0.00% |
| EPS | ₹ 4.97 |
| Dividend yield | 1.13% |
| Profit after tax | ₹ 5,340 Cr. |
Share Holding Pattern
Dec 2021 – Dec 2023 data:
| Shareholder | Dec 2021 | Dec 2022 | Dec 2023 |
|---|---|---|---|
| Promoters + | 94.71% | 94.72% | 94.72% |
| FIIs + | 0.02% | 0.06% | 0.32% |
| DIIs + | 0.38% | 0.17% | 0.15% |
| Government + | 0.00% | 0.01% | 0.01% |
| Public + | 4.89% | 5.06% | 4.80% |
No. of Shareholders:
- Dec 2021: 5,60,916
- Dec 2022: 5,84,625
- Dec 2023: 6,36,699
6. GAIL (India) Ltd
GAIL is a natural gas company in India that was incorporated in 1984 and is owned by the Government of India. It is an integrated company with over 11,500 km of natural gas pipelines, 2,300 km of LPG pipelines, six LPG gas-processing units, and a petrochemical facility. GAIL has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and several cities in the CGD business. Additionally, it has wholly-owned subsidiaries in Singapore and the US, which help GAIL expand its presence outside India in the segments of LNG, petrochemical trading, and shale gas assets.
| Metric | Value |
|---|---|
| Market Cap | ₹ 1,21,179 Cr. |
| Current Price | ₹ 184 |
| High / Low | ₹ 188 / 102 |
| Stock P/E | 15.0 |
| Book Value | ₹ 111 |
| Dividend Yield | 2.98% |
| ROCE | 9.76% |
| ROE | 8.69% |
| Face Value | ₹ 10.0 |
| Debt | ₹ 17,951 Cr. |
| Promoter holding | 51.9% |
| Profit growth | -4.11% |
| Sales growth | -4.37% |
| Change in Prom Hold | -0.01% |
| EPS | ₹ 12.3 |
| Dividend yield | 2.98% |
| Profit after tax | ₹ 8,062 Cr. |
Share Holding Pattern
Dec 2021 – Dec 2023 data:
| Shareholder | Dec 2021 | Dec 2022 | Dec 2023 |
|---|---|---|---|
| Promoters + | 51.80% | 51.91% | 51.90% |
| FIIs + | 19.69% | 18.04% | 14.24% |
| DIIs + | 15.26% | 15.97% | 19.37% |
| Government + | 7.93% | 7.91% | 7.92% |
| Public + | 5.32% | 6.18% | 6.58% |
No. of Shareholders:
- Dec 2021: 7,12,451
- Dec 2022: 9,52,717
- Dec 2023: 10,11,145
7. Indian Renewable Energy Development Agency Ltd
The Indian Renewable Energy Development Agency (IREDA), a government organisation, was founded in March 1987 and is categorised as a Mini Ratna (Category – I). Its main objectives are to develop, promote, and finance initiatives about energy efficiency and conservation (EEC) and new and renewable energy (RE).
| Metric | Value |
|---|---|
| Market Cap | ₹ 43,205 Cr. |
| Current Price | ₹ 161 |
| High / Low | ₹ 215 / 50.0 |
| Stock P/E | 50.0 |
| Book Value | Not provided |
| Dividend Yield | 0.00% |
| ROCE | 8.17% |
| ROE | 15.4% |
| Face Value | ₹ 10.0 |
| Debt | ₹ 40,165 Cr. |
| Promoter holding | 75.0% |
| Profit growth | 36.5% |
| Sales growth | 21.8% |
| Change in Prom Hold | Not provided |
| EPS | ₹ 3.78 |
| Dividend yield | 0.00% |
| Profit after tax | ₹ 865 Cr. |
Share Holding Pattern
Dec 2023 data:
| Shareholder | Dec 2023 |
|---|---|
| Promoters + | 75.00% |
| FIIs + | 1.88% |
| DIIs + | 4.37% |
| Public + | 18.75% |
No. of Shareholders: 13,67,953
8. SJVN Ltd
SJVN is primarily involved in electricity generation and also offers consultancy services for hydropower projects. Currently, the company operates six electricity projects across India with a combined capacity of approximately 2017 MW:
- Nathpa Jhakri Hydro Power – 1500 MW – located in Himachal Pradesh
- Rampur Hydro Power – 412 MW – located in Himachal Pradesh
- Khirvire Wind Power – 47.6 MW – located in Maharashtra
- Charanka Solar Power – 5.6 MW – located in Gujarat
- Sadla Wind Power – 50 MW – located in Gujarat
- Grid-connected Solar Plant at NJHPS – 1.3 MW
| Metric | Value |
|---|---|
| Market Cap | ₹ 47,531 Cr. |
| Current Price | ₹ 121 |
| High / Low | ₹ 170 / 30.4 |
| Stock P/E | 53.2 |
| Book Value | ₹ 36.5 |
| Dividend Yield | 1.46% |
| ROCE | 9.27% |
| ROE | 10.3% |
| Face Value | ₹ 10.0 |
| Debt | ₹ 17,058 Cr. |
| Promoter holding | 81.8% |
| Profit growth | -34.4% |
| Sales growth | -5.71% |
| Change in Prom Hold | 0.00% |
| EPS | ₹ 2.21 |
| Dividend yield | 1.46% |
| Profit after tax | ₹ 894 Cr. |
Share Holding Pattern
Dec 2021 – Dec 2023 data:
| Shareholder | Dec 2021 | Dec 2022 | Dec 2023 |
|---|---|---|---|
| Promoters + | 86.77% | 86.77% | 81.85% |
| FIIs + | 2.51% | 2.31% | 1.68% |
| DIIs + | 4.63% | 3.81% | 5.97% |
| Public + | 6.09% | 7.11% | 10.51% |
No. of Shareholders:
- Dec 2021: 2,56,012
- Dec 2022: 3,12,024
- Dec 2023: 6,55,627
9. Ashok Leyland Ltd
Ashok Leyland, which is the flagship company of the Hinduja Group, occupies a prominent position in the domestic medium and heavy commercial vehicle (M&HCV) segment. With a strong brand presence and a diversified distribution and service network that spans the nation, the company stands out as one of the most fully integrated manufacturing entities. It is headquartered in Chennai and has operations in 50 countries. In addition, Ashok Leyland manages driver training institutes across India and has successfully trained over 800,000 drivers since its establishment.
| Market Cap | ₹ 50,619 Cr. |
| Current Price | ₹ 172 |
| High / Low | ₹ 192 / 133 |
| Stock P/E | 21.5 |
| Book Value | ₹ 30.2 |
| Dividend Yield | 1.51% |
| ROCE | 11.4% |
| ROE | 15.0% |
| Face Value | ₹ 1.00 |
| Debt | ₹ 34,392 Cr. |
| Promoter holding | 51.5% |
| Profit growth | 218% |
| Sales growth | 18.3% |
| Change in Prom Hold | 0.00% |
| EPS | ₹ 8.11 |
| Dividend yield | 1.51% |
| Profit after tax | ₹ 2,359 Cr. |
Share Holding Pattern
Dec 2021 – Dec 2023 data:
| Metric | Dec 2021 | Dec 2022 | Dec 2023 |
|---|---|---|---|
| Promoters + | 51.54% | 51.53% | 51.53% |
| FIIs + | 15.05% | 15.29% | 20.48% |
| DIIs + | 20.65% | 21.16% | 14.66% |
| Government + | 0.08% | 0.07% | 0.07% |
| Public + | 12.68% | 11.94% | 13.25% |
| No. of Shareholders | 11,60,873 | 11,30,372 | 13,39,744 |
10. Samvardhana Motherson International Ltd
Motherson Sumi Systems primarily manufactures and sells components to automotive original equipment manufacturers. It is India’s largest ancillary company. The MSSL group holds a significant market share in exterior rear-view mirrors globally and is a key player in polymer-based interior and exterior modules. Additionally, it is the largest manufacturer of wiring harnesses for passenger vehicles in India.
| Metric | Value |
|---|---|
| Market Cap | ₹ 81,351 Cr. |
| Current Price | ₹ 120 |
| High / Low | ₹ 123 / 61.8 |
| Stock P/E | 50.6 |
| Book Value | ₹ 33.3 |
| Dividend Yield | 0.54% |
| ROCE | 8.76% |
| ROE | 7.16% |
| Face Value | ₹ 1.00 |
| Debt | ₹ 21,750 Cr. |
| Promoter holding | 64.8% |
| Profit growth | 57.2% |
| Sales growth | 28.2% |
| Change in Prom Hold | 0.03% |
| EPS | ₹ 2.95 |
| Dividend yield | 0.54% |
| Profit after tax | ₹ 1,606 Cr. |
Share Holding Pattern
Dec 2021 – Dec 2023 data:
| Metric | Dec 2021 | Dec 2022 | Dec 2023 |
|---|---|---|---|
| Promoters + | 61.73% | 68.16% | 64.79% |
| FIIs + | 16.43% | 8.24% | 10.78% |
| DIIs + | 13.87% | 11.95% | 15.27% |
| Government + | 0.00% | 0.06% | 0.06% |
| Public + | 7.98% | 11.57% | 9.10% |
| No. of Shareholders | 6,87,524 | 10,60,332 | 10,34,246 |
We give a detailed analysis List Of the Best 10 Stocks under Rs.180 in India. Before investing please do your analyses and best of luck.
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