Top Stocks Under Rs 3500 to add to your watchlist

Top Stocks Under Rs 3500: Stocks like MRF often make it hard for retail investors to buy them. This is because one would have to shell out upwards of Rs. 80,000 to buy one share. However, the good news for investors is that there is no shortage of great companies that one can buy for a sum of Rs 3500 per share.

In this article, we will take a look at the top stocks under Rs 3500.

So without further ado, let us jump in.

Top Stocks Under Rs 3500

There are many stocks that are listed in NSE and BSE for the share price of Rs 3500 and below. Let’s check which are those and more.

Top Stocks Under Rs 3500 #1 – Tata Consultancy Services

Top Stocks Under Rs 3500 - TCS Logo

Tata Consultancy Services (TCS) Ltd. is the crown jewel of the Tata Group. It is the second-largest Indian company after Reliance Industries in terms of market capitalization. It accounts for most of the earnings of Tata Sons, the holding company of the Tata Group. 

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TCS is an IT services company and earns its revenues from America and Europe chiefly. It provides software services in 5 major industries: banking, finance services & insurance, retail & consumer business, communication, media & technology, and manufacturing.

The IT major offers a broad range of services: analytics & insights, automation & AI, blockchain, cloud, consulting, cyber security, enterprise applications, IoT & digital engineering, quality engineering, and more.

Recently the company has also taken an active role to lead the digital ventures of Tata Group. 

For a large-cap company, TCS has generated impressive returns for its shareholders over the last five years. Its stock has appreciated at a CAGR of 19.41% every year during the period.

CMP ₹3,143 Market Cap (Cr.) ₹1,150,000
EPS ₹108 Stock P/E 29.1
ROCE 54.9% ROE 43.6%
Face Value ₹1.0 Book Value ₹266
Promoter Holding 72.3% Price to Book Value 11.8
Debt to Equity 0.08 Dividend Yield 1.36%
Net Profit Margin 20% Operating Profit Margin 27.7%

Top Stocks Under Rs 3500 #2 – Adani Enterprises

Top Stocks Under Rs 3500 - Adani Logo

Adani Enterprises Ltd. (AEL) is the flagship company of the Adani Group. It was started as a commodity trading company in 1988 by Gautam Adani, a first-generation billionaire, and founder. It got listed in 1994.

Since then Adani Enterprises has grown into an incubator and holding company with diverse business holdings.

AEL is one of the largest Indian conglomerates with operations across multiple industries: airports, data centers, defense & aerospace, edible oil & foods, agro, integrated resources management, mining services, road, metro & rail, solar manufacturing, and water. It has grown organically and inorganically over the years. 

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Recently, Adani Enterprises entered into a joint venture with EdgeConneX (the world’s largest private data center operator) to build data center facilities of 1GW over the next ten years. 

In addition to this, Gautam Adani announced a large investment of $ 100 billion by the Adani Group over the next ten years. Out of it, $ 70 billion is earmarked for an integrated hydrogen-based value chain.

Adani New Industries Ltd., a subsidiary of Adani Enterprises will be implementing green hydrogen projects as part of this large investment.

CMP ₹3,273 Market Cap (Cr.) ₹373,000
EPS ₹8.71 Stock P/E 385
ROCE 7.28% ROE 4.12%
Face Value ₹1.0 Book Value ₹186
Promoter Holding 72.3% Price to Book Value 17.6
Debt to Equity 2.04 Dividend Yield 0.03%
Net Profit Margin 1.13% Operating Profit Margin 5.35%

Top Stocks Under Rs 3500 #3 – Asian Paints

Top Stocks Under Rs 3500 - Asian Paints Logo

Based out of Mumbai, India, Asian Paints Ltd. is India’s largest, Asia’s 3rd largest, and the world’s 9th largest paint producer. The company was started in the 1940s by four friends. 

It has 26 paint manufacturing plants with operations across 15 countries. It offers a broad range of products and services. Its chief offerings include paints, wall coverings, and waterproofing. 

Along with this, it also sells wall stickers, adhesives, modular kitchens and wardrobes, bath fittings, sanitaryware, sanitizers, furnishings & lighting services, interior design services, and other products and services.

Decorative business accounts for almost 85% of the group’s revenue. Asian Paints derives 10% of its revenues from international sales. 

This makes it India’s largest paint company with a 40% combined market share and 55% in the decorative paint category.

The company has incorporated two 50:50 joint ventures with PPG Inc, an American Fortune 500 company to cater to automotive coatings and industrial coatings demand.

CMP ₹3,222 Market Cap (Cr.) ₹310,000
EPS ₹36.30 Stock P/E 86.4
ROCE 29.70% ROE 23.20%
Face Value ₹1.0 Book Value ₹144
Promoter Holding 52.6% Price to Book Value 22.4
Debt to Equity 0.11 Dividend Yield 0.59%
Net Profit Margin 10.80% Operating Profit Margin 16.50%

Top Stocks Under Rs 3500 #4 – PI Industries

PI Industries Logo

PI Industries was founded in 1946 as Mewar Oil and General Mills Ltd. The company started the formulation and marketing of agrochemicals in 1961. Fast forward to the present date, Gurgaon-headquartered PI Industries produces & sells fertilizers and specialty products.

It also provides various services such as research & development, custom synthesis & manufacturing solutions, distribution services, and more. 

It has a workforce of 3,000 employees. Its 5 formulation facilities and 15 multipurpose plants at 5 manufacturing locations provide it with an integrated development process: process synthesis, scaling up, and commercialization.

Its research and development center in Udaipur houses more than 400 scientists and researchers with advanced research and development labs, kilo plants, and pilot plants with NABL certification.

PI Industries earned 76.42% of its revenues in FY22  internationally. India only contributed Rs. 1,197 crores of the total Rs. 5,077 crore revenue for the company. This places the agrochemicals company in a sweet spot as the global demand for fertilizers is expected to improve in the near future. 

CMP ₹3,090 Market Cap (Cr.) ₹47,000
EPS ₹60.6 Stock P/E 51
ROCE 17.3% ROE 14.7%
Face Value ₹1.0 Book Value ₹403
Promoter Holding 46.7% Price to Book Value 7.68
Debt to Equity 0.05 Dividend Yield 0.20%
Net Profit Margin 15.9% Operating Profit Margin 21.7%

Top Stocks Under Rs 3500 #5 – Alkem Laboratories

Alkem Logo

Alkem Laboratories was started almost 4 decades ago in 1973. Over the years, the company has grown to become one of India’s largest generic and specialty pharmaceutical players with a presence in more than 40 countries.

Alkem went public in December 2015, listing its shares on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

It has a strong portfolio of brands such as Clavam, Pan, Pan-D, and Taxim-O. In the last 10 years, its foothold in the anti-infective segment has remained particularly strong. In total, the company has over 800 brands with over 1,300 SKUs for a broad range of therapy segments.

The pharma company has 20 manufacturing sites at multiple locations across India and the USA. It employs more than 17,000 people.

Alkem has a low debt-to-equity ratio of 0.31. The company has an impressive return on equity ratio of 20.7% and a return on capital employed at 18.6%. 

CMP ₹3,100 Market Cap (Cr.) ₹37,000
EPS ₹109 Stock P/E 28.2
ROCE 18.6% ROE 20.7%
Face Value ₹2.0 Book Value ₹722
Promoter Holding 57.1% Price to Book Value 4.28
Debt to Equity 0.31 Dividend Yield 1.09%
Net Profit Margin 15.9% Operating Profit Margin 19.3%

List of Top Stocks Under Rs 3500 

The table below presents a list of top stocks under Rs 3500 along with their industry, market capitalization and share price.

Company Name Industry CMP (Rs.) Market Cap (Rs. Cr.)
Tata Consultancy Services IT Services 3,143 1,150,000
Adani Enterprises Diversified 3,273 373,000
Adani Transmission Oil & Gas 3,183 355,000
Adani Total Gas Gas Distribution 3,154 347,000
Asian Paints Paints 3,222 310,000
ABB India Infrastructure 3,228 68,500
Mindtree IT Services 3,444 57,000
Schaeffler India Bearings 3,210 50,000
P I Industries Agrochemicals 3,090 47,000
Alkem Laboratories Pharmaceuticals 3,100 37,000

In Conclusion

Above we looked at some of the top stocks under Rs 3500. It might be a good approach to sort stocks on the basis of their stock price and market capitalization. But it should not be the only parameter investors should keep in mind while making investment decisions. 

Additionally, an investor should diversify by including companies from different sectors and of different sizes to protect her downside.

As an investor, what points do you keep in mind while picking stocks? How about you let us in the comments below?

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Dheeru Rajpoot

I am Dheeru Rajpoot an Entrepreneur and a Professional Blogger from the city of love and passion Kanpur Utter Pradesh the Heart of India. By Profession I'm a Blogger, Student, Computer Expert, SEO Optimizer. Google Adsense I have deep knowledge and am interested in following Services. CEO - The Rajpoot Express ( Dheeru Rajpoot )

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