Best Stocks to Buy Under 10,000 INR.
Investing in the stock market has become quite popular among Indians, especially as more people see the benefits of growing their money over time. But for beginners, knowing where to start with a limited budget of 10,000 INR can be challenging. Here, we’ll discuss some stock options that you can consider, especially if you’re new to the market or looking to invest carefully without a huge amount of risk.
1. Tata Consultancy Services (TCS)
Industry: Information Technology
Stock Price: Approximately 3,500 INR per share
Why TCS?: TCS is a well-established IT company in India with a strong international presence. It has shown consistent growth over the years and pays regular dividends. Investing in TCS can be a good choice if you’re looking for stability and growth.
2. HDFC Bank
Industry: Banking and Finance
Stock Price: Around 1,600 INR per share
Why HDFC Bank?: HDFC Bank is one of India’s leading private sector banks. It has a strong reputation, a large customer base, and consistent performance in the banking sector. Its stock is a reliable choice for those interested in the financial industry.
3. Reliance Industries
Industry: Diversified (Oil, Retail, Telecom)
Stock Price: About 2,400 INR per share
Why Reliance?: Reliance Industries has a presence in multiple sectors like petrochemicals, telecom, and retail. The company is known for its growth and innovation. While the stock may fluctuate, it has long-term potential, especially due to its presence in the fast-growing telecom sector (Jio).
4. Infosys
Industry: Information Technology
Stock Price: Around 1,400 INR per share
Why Infosys?: Infosys is another IT giant in India with a solid global client base. It is known for innovation, high-quality services, and steady growth. Infosys is suitable for investors who want to invest in the tech sector but prefer a more affordable price compared to TCS.
5. ITC Limited
Industry: FMCG (Fast-Moving Consumer Goods)
Stock Price: Around 450 INR per share
Why ITC?: ITC is known for its strong presence in the FMCG sector, including cigarettes, packaged foods, and personal care products. The stock is often stable and offers dividends, making it a good choice for beginners who prefer a steady and low-risk investment.
6. State Bank of India (SBI)
Industry: Banking
Stock Price: Around 600 INR per share
Why SBI?: SBI is India’s largest public sector bank and has a wide customer base. It’s a well-known and trusted bank, and its stock is relatively affordable. SBI is a good pick for those interested in the banking sector at a lower price point.
7. Bharti Airtel
Industry: Telecom
Stock Price: About 900 INR per share
Why Bharti Airtel?: As one of India’s major telecom companies, Bharti Airtel has a huge customer base and a strong market position. The telecom industry in India is expected to grow further, and Airtel is positioned well to benefit from it. This stock is ideal if you’re looking to invest in the telecom sector without spending too much.
Key Tips for Beginner Investors
1. Diversify Your Investment: Don’t put all your money in one stock. Diversify across industries to spread your risk.
2. Stay Updated: Keep an eye on news related to the companies you invest in. Company policies, market changes, and industry news can impact stock prices.
3. Start Small: If you’re new to investing, start with a small amount. Gradually increase your investment as you learn more.
4. Think Long Term: Stocks are generally more rewarding when held over the long term. Don’t get disheartened if prices fluctuate in the short run.