Good and consistent companies for share market long-term investment below Rs 150

 Long-term investment is the strategy of holding a stock for a long period, generally 5 years or more. For the perfect balancing of a portfolio it must ensure diversification in the investment. Blue chip stocks are shares of companies those are well established and has high quality of investment. Apart from this blue-chip stocks we must also prefer some mid-cap or small-cap stocks for investment. Because such stocks with high growth potential and low price make you wealthier. In this article I like to list out some stocks that are trading at a low price and have higher growth potential.

• Trident Ltd

Trident Ltd is engaged in the manufacturing of yarn, Bath linen, Bed linen, wheat straw based paper etc operating in textiles sector. The company has manufacturing units in Punjab and Madhya Pradesh. The 54 percent of revenue generating by the company is provided by home textile manufacture, 20 percent from paper manufacturing and 26 percent from yarn. The CMP of Trident is Rs.50.4. The company is providing a healthy dividend payout of 49.32 %. The company has reduced it's debt and has a potential to become a multibagger. The first stock recommended in this section is Trident Ltd.

• Exide Industries Ltd

Exide Industries Ltd is primarily engaged in the manufacturing of Storage batteries and allied products. CMP of Exide is Rs.146. As the demand for EVs grow , the demand for batteries will also grow. This will benefit the future growth of the company. Exide Industries being the largest battery producers in India, They are well positioned to ride this EV trend in India. Apart from this when analysing the past , the company has delivered a good growth of 40.6% CAGR over the last 5 years and the company is almost debt. Exide Industries will be good pick for long-term investment under Rs.150.

• Marksans Pharma

Marksans Pharma is a Low-Cap company operating in Pharmaceutical and Drug sector. The company has a stable growth history and It is almost debt free. The company has shown a good profit growth of 99.30% over the past 3 years. The major contributors into the revenue of Marksans Pharma are UK & US. The company is aiming to reach 2000 crore revenue in the next few years. The intrinsic value of the stock is Rs. 90.7 and the stock is now trading at a price of Rs. 40.

• Geojit Financial Services Ltd

Geojit Financial Services Ltd provides financial services including online broking, Portfolio management services, Margin funding etc. The company has 465 offices across the country and also initiated setting up of broking joint ventures in UAE, Bahrain, Kuwait and Oman in view of providing services to non-resident Indians. Company is almost debt free and providing a good dividend yield of 6.5 percent . Company has delivered a good profit growth of 21.92 % CAGR over last 5 years. Stock is maintaining a good P/E ratio of 8.5 . ROE and ROCE values are respectively 23.37% and 29.54%. The company generated a PAT of 151 crore in the FY22 which is 22.7% higher than the FY21.

• Redington India Ltd

Redington India Ltd provides supply chain solutions for IT products, telecom, Lifestyle, Healthcare and Solar products. According to the valuation the intrinsic value of the stock is Rs.190, but it is currently trading at Rs.129 on the stock market. The company is almost debt free and has been maintaining a healthy dividend payout of 36.85 percent. It is a good value based stock on its PE ratio compared to the Indian Electronic Industry average. The stock price of Redinton India is expected to achieve a target price of Rs.213. Redington is a fundamentally good stock and can be considered for buying.

Always consider advises from more than one source before investment or even make a study by own. If this content seems useful to you follow the page and refer my previous article on Stock Market Trends.