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Best Stocks to Invest Under Rs. 20 in 2022

06 January 2022
3 minutes

Many retail investors look for stocks that have a low market trading price. It is important to note here that a stock whose market price is low doesn’t imply that it is a ‘low-priced stock’, a stock whose market price is Rs 20 can be highly overpriced while a stock whose market price is Rs 20,000 can be undervalued. 

For those investors who are looking for stocks with a low market price, we have collected a list of top 10 stocks according to market capitalisation that have a market price below Rs 20.

Note: The list below is in descending order of market capitalisation of stocks under Rs 20. This is not a recommendation that market capitalisation or stocks priced at/below Rs 20 should be considered foremost while investing. It is solely for educational and informational purposes. The list was last updated on 23rd November, 2021. 

Best Stocks Under Rs 20 (Based on Market Cap)

Indian Overseas Bank Ltd

Indian Overseas Bank is a government owned bank with 3,400 branches across India, and 6 foreign branches and a representative office.

It was founded on 10 February 1937. 

To know more about the stock, click here: Indian Overseas Bank

Yes Bank Ltd.

Yes Bank was founded in 2004 by Rana Kapoor and Ashok Kapoor. 

It is headquartered in Mumbai. 

In March 2020, SBI invested Rs 7,250 crore in the bank amid a financial crisis. SBI now holds around 30% stake in the company. 

To know more about the stock, click here: Yes Bank

Vodafone Idea Ltd.

Vodafone Idea is one of the main private players in the telecom sector of India. 

The Vodafone Group currently holds a 45.1% stake in Vi and Aditya Birla Group holds a 26% stake.

To know more about the stock, click here: Vodafone Idea

UCO Bank Ltd.

The third bank in our list of top stocks under Rs 20, UCO Bank, formerly known as United Commercial Bank, was established in 1943. 

It was founded by GD Birla and is now under the ownership of the Ministry of Finance, Government of India. 

To know more about the stock, click here: UCO Bank

Bank of Maharashtra Ltd.

Bank of Maharashtra, owned by the government of India, has 1,900 branches across the country.

It was founded 86 years ago by V. G. Kale and D. K. Sathe. 

To know more about the stock, click here: Bank of Maharashtra

Punjab & Sind Bank Ltd.

Punjab & Sind Bank has 1,526 branches across India, out of which 635 branches are in Punjab.

The bank was established on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh.

To know more about the stock, click here: Punjab & Sind Bank

Suzlon Energy Ltd.

Suzlon Energy is a wind turbine manufacturer based in Pune, India. It was founded 26 years ago by Tulsi Tanti. 

The company has installed over 17,000 MW of wind power capacity in 18 countries.

To know more about the stock, click here: Suzlon Energy

Reliance Power Ltd.

Reliance Power is an electric power and natural gas company of the Reliance Anil Dhirubhai Ambani Group. 

Its current CEO is K Raja Gopal. It was founded on 17 January 1995 by Dhirubhai Ambani.

To know more about the stock, click here: Reliance Power

Ujjivan Small Finance Bank Ltd.

Ujjivan Small Finance Bank commenced its operations in 2017 with its headquarters in Bangalore. 

Ujjivan Financial Services holds an 80% stake in the small finance bank.

To know more about the stock, click here: Ujjivan Small Finance Bank

Dish TV India Ltd.

DishTV is a direct broadcast satellite service provider in India. It was launched by the Zee Group on 2 October 2003.

Yes Bank is the biggest stakeholder in the company with a 25.63% stake. 

To know more about the stock, click here: Dish TV India

Happy Investing!

Disclaimer: The content presented here is only for educational and informational purposes. It is not intended to be advice on what to buy or sell. 

To read the RA disclaimer, please click here.

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