The festival of lights, Diwali, is just a couple of weeks away, and according to Hindu customs, it is one of the best times to start a new journey, both financially and emotionally. It is the time of the year when the Goddess Lakshmi is worshipped, and people seek opportunities that could yield benefits in the future. If you are someone who wishes to invest in the stock market but doesn’t want to invest all your savings at once, you are in the right place. Here, we have listed some of the best stocks you can buy right now. The best part is that all these shares cost below Rs 1000 per unit, which means you won’t have to spend all your savings to invest in these stocks.
Top 10 Shares Under Rs 1000 to Buy on Diwali 2023
Lloyds Metals (CMP Rs. 521.80)
Lloyds Metals is a company with a market capitalization of 26,341.73 crore rupees. It has a Price-to-Earnings (P/E) ratio of 23.23, indicating the stock’s valuation. The company’s quarterly profit increased by 62.05%, and it has a Return on Capital Employed (ROCE) of 81.99%.
It is an Indian company involved in the extraction of iron ore, the production of sponge iron, and the generation of electricity. The company’s operations are categorized into three segments: Sponge Iron, Mining, and Power.
Triveni Turbine (CMP Rs. 357.75)
Triveni Turbine operates in the energy sector with a market capitalization of 11,372 crore rupees. It has a Price-to-Earnings (P/E) ratio of 52.83. The company reported a 58.82% increase in quarterly profit and a Return on Capital Employed (ROCE) of 28.70%.
The company is a prominent manufacturer of industrial steam turbines and holds a strong market presence, commanding more than 60% of the market share in India. Triveni has successfully deployed over 6,000 steam turbines in various sectors across 20 different industries, spanning more than 75 countries, including Europe, Africa, Central & Latin America, Southeast Asian, and South Asian nations.
BLS International (CMP Rs. 256.35)
BLS International is a service provider with a market cap of 10,554.93 crore rupees. It has a P/E ratio of 44.17 and offers a dividend yield of 0.29%. The company reported a significant 126.16% increase in quarterly profit and a ROCE of 31.60%.
It is an Indian company that specializes in tech-enabled services and caters to governments and diplomatic missions globally. It holds a prominent position as one of the top two global leaders in this industry. With over 18 years of expertise, the company serves 46 client governments spanning across 64 countries.
Latent View (CMP Rs. 401.20)
Latent View is in the data analytics industry with a market cap of 8,220.59 crore rupees. It has a high P/E ratio of 68.64, indicating strong growth expectations. The company reported a 1.94% increase in quarterly profit and a ROCE of 15.99%.
Latent View is an Indian company focused on data analytics, specializing in various data processing, hosting, and related services.
KFin Technologies (CMP Rs. 451.55)
KFin Technologies operates in the financial services sector with a market cap of 7,677.07 crore rupees. It has a P/E ratio of 35.69 and no dividend yield. The company reported a 28.09% increase in quarterly profit and a ROCE of 29.34%.
The company offers Software as a Service (SaaS)-based comprehensive solutions for transaction management, channel management, compliance, data analytics, and a range of digital services to asset managers in different sectors. It also provides outsourcing services to global organizations.
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KNR Construction (CMP Rs. 263.55)
KNR Construction is in the infrastructure sector with a market cap of 7,411.93 crore rupees. It has a P/E ratio of 16.52 and offers a small dividend yield of 0.09%. The company reported a 48.70% increase in quarterly profit and a ROCE of 20.77%.
KNR Constructions Ltd, established in 1995, is primarily involved in the building of roads, bridges, overpasses, and irrigation projects.
Man Infra (CMP Rs. 150.60)
Man Infra operates in the real estate and construction sector with a market cap of 5,591.07 crore rupees. It offers a dividend yield of 0.58%. The company reported a significant 111.71% increase in quarterly profit and a ROCE of 31.99%.
It is an Indian company that operates as an integrated engineering, procurement, and construction (EPC) firm. The company is involved in civil construction, project-related work, and real estate development, which includes the construction of roads based on a design-build-finance-operate-transfer (DBFOT) approach.
La Opala RG (CMP Rs. 431.05)
La Opala RG is in the consumer goods sector with a market cap of 4,784.69 crore rupees. It offers a significant dividend yield of 1.15%. The company reported a 43.03% increase in quarterly profit and a ROCE of 22.07%.
A reliable brand that brings elegance, sophistication, and allure to daily dining in Indian homes, all at an affordable cost with its crockery sets.
Tips Industries (CMP Rs. 352.65)
Tips Industries operates in the media and entertainment sector with a market cap of 4,528.97 crore rupees. It offers a dividend yield of 0.84%. The company reported a 90.44% increase in quarterly profit and a ROCE of 88.63%.
Tips Industries Limited, located in Mumbai, Maharashtra, India, is an Indian company that operates as a music record label, as well as a film production, promotion, and distribution company. Established in 1975 by Kumar S. Taurani and Ramesh S. Taurani, the company’s distribution network extends to over 1,000 wholesalers and serves 400,000 retailers across India.
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Saksoft (CMP Rs. 367.20)
Saksoft operates in the IT services industry with a market cap of 3,892.72 crore rupees. It offers a dividend yield of 0.18%. The company reported a 41.29% increase in quarterly profit and a ROCE of 28.41%.
Saksoft offers technology services to businesses in specific industry sectors such as Fintech, Logistics & Transportation, Healthtech, and Utilities. The company assists its clients with various services, including Application Engineering, Quality Assurance & Testing, Data Analytics, Cloud solutions, Infrastructure services, and Cybersecurity.