High Shares Beneath Rs 8000: Are you on the lookout for shares with excessive costs particularly? Do you hope to keep away from risky worth fluctuations in your portfolio introduced in by lower-priced shares? In your opinion Rs 8000 a excessive sufficient mark? On this article, we cowl high shares below Rs 8000 you could add to your watchlist.
Listing of High Shares Beneath Rs 8000
We now have put collectively an inventory of high shares below Rs 8000. On this article, we take a look at their historical past, enterprise, and key ratios. Moreover, in some cases, we additionally pay attention to how they’ve grown over the previous 5 years.
So with out additional ado, let’s leap in.
Bajaj Finance Ltd. is the lending and funding arm of the Bajaj Finserv group. The corporate traces its roots to 1987 when it was based as an vehicle financier referred to as Bajaj Auto Finance. It slowly diversified into shopper durables and property financing. Later in 2010, its identify was modified from Bajaj Auto Finance to Bajaj Finance.
It’s a diversified NBFC catering to greater than 38 million clients throughout the nation. It focuses on the prosperous class of purchasers. The corporate’s construction permits it to cross-sell effectively making Bajaj Finance one of the worthwhile corporations on this class.
The non-bank presents shopper finance, industrial lending, company finance, funding, and SME finance merchandise/providers. It has a powerful pan-India presence in 1,997 places with a large distribution community of over 1,02,600 lively factors of sale.
The AUM of Bajaj Finance has grown at a powerful charge of 19.02% yearly for the final 5 years from Rs. 82,422 crore in FY18 to Rs. 1,97,452 crore in FY22. Throughout the identical interval, its revenue from operations compounded at an annual charge of 19.93% to Rs. 31,648 crores.
The NBFC posted a powerful return on property of 4.2% in FY22 with a 17.4% return on fairness. Moreover, its web NPA stood at 0.68% giving its asset high quality a top-notch mark.
The cement flagship firm of the Aditya Birla Group, UltraTech Cement is the biggest producer of gray cement & prepared combine concrete (RMC) and one of many largest white-cement producers of white cement within the nation.
It was established within the mid-Eighties. Through the years the corporate has grown organically and inorganically.
The corporate has an put in manufacturing capability of 119.95 Million Tonnes Per Annum (MTPA) of gray cement. It has 22 built-in manufacturing amenities, 27 grinding models, one clinkerisation unit, and eight terminals dedicated to bulk packaging.
UltraTech’s giant community of a couple of lakh channel companions together with its strategically situated models give it a market attain of over 80% throughout the nation.
In June this yr, UltraTech introduced a big capital expenditure of Rs. 12,886 crores for brownfield and greenfield initiatives. The corporate has deliberate manufacturing targets of 137 MTPA by FY24 and 159.25 MTPA by FY25 respectively.
For a large-cap firm, it has grown its revenues at a powerful CAGR of 12.41% from Rs. 30,979 crores in FY18 to Rs. 52,599 crores in FY22. Throughout the identical interval, the online income grew even sooner at an annual charge of 26.95% to Rs. 7,334 crores in FY22 from Rs. 2,224 crores in FY18.
High Shares Beneath Rs 8000 #3 – Tata Elxsi Ltd.
Tata Elxsi is the know-how providers arm of the salt-to-software conglomerate the Tata Group. It was based in 1989 and supplies superior R&D in new applied sciences, system structure, precise improvement, validation, and deployment providers.
The corporate’s vary of providers consists of AI, broadcast & media, automotive, and healthcare merchandise. As for its providers portfolio, it presents analysis & technique, product engineering, enterprise studying, and extra.
Tata Elxsi caters to main purchasers from automotive, communications, healthcare, rail, semiconductor, pharmaceutical, biotechnology, and different industries.
Its inventory has given a powerful return of 347% within the final two years and a 709% return within the final 5 years.
As for its income progress, Tata Elxsi’s gross sales have grown at a CAGR of 12.26% yearly within the final 5 years. It’s just about a debt-free inventory with a excessive return on capital employed and return on fairness ratios of 47.7% and 37.2% respectively.
Blue Dart Categorical Ltd. will not be solely India’s but additionally South Asia’s premier logistics firm. An built-in transportation and distribution firm, it covers over 35,000 places throughout the nation and presents specific air supply providers as effectively.
With its worldwide specific and logistics community, it is ready to attain over 220 nations and territories by providing a broad vary of distribution providers: provide chain options, freight forwarding, air specific, and customs clearance.
Along with this, Blue Dart has partnered with main portals in India making it a most popular alternative for B2B and B2C eCommerce options.
The logistics firm has warehouses unfold throughout 85 places in India. Its indigenously developed state-of-the-art know-how for Observe and Hint, MIS, ERP, Buyer Providers, and extra presents it a aggressive edge over the opposite gamers.
In FY22, the corporate dealt with 263.28 million home and 0.862 million worldwide shipments via its 2,347 amenities and robust 12,200 workforces.
It was began in November 1983. In 2002, DHL Categorical picked a majority 81.03% stake within the firm. The stake was diluted ultimately in 2012. This was as a result of the then Singapore-based DHL Categorical had a promoter holding of 75% in Blue Dart Categorical.
High Shares Beneath Rs 8000 #5 – Wendt India Ltd.
Established in 1980, Wendt (India) Ltd. is a three way partnership between Wendt GmbH and Carborundum Common Ltd. (CUMI). Every occasion holds a 37.5% stake within the firm taking the overall promoter possession to 75%.
Carborundum Common is owned by the famend Murugappa Group making Wendt a home of Murugappa’s enterprise as effectively. The group owns well-known firms corresponding to Coromandel Worldwide, EID Parry, Cholamandalam Funding and Finance Firm, and Tube Investments of India.
Wendt manufactures numerous industrial merchandise together with bonds & abrasives, grinding machines, honing machines, precision merchandise, and different allied merchandise. Its merchandise discover functions in vehicle, aerospace, metal, ceramics, and refractory industries.
The commercial product’s producer is debt-free with excessive return ratios of capital at 23.4% and fairness at 17% respectively. During the last 5 years, it has grown its revenues at a CAGR of 4.01% from Rs. 147 crores in FY18 to Rs. 179 crores in FY22. Nonetheless, throughout the identical interval, its income greater than doubled from Rs. 13 crores in FY18 to Rs. 27 crores in FY22.
Listing of High Shares Beneath Rs 8000
We lined 5 high shares below Rs 8000 above. The desk under lists extra such firms with inventory worth buying and selling under the Rs. 8000 mark.
Firm NameIndustryCMP (Rs.)Market Cap (Rs. Cr.)
Bajaj FinanceFinance7,119430,000
UltraTech CementCement6,713194,000
Tata ElxsiIT Services6,99843,500
Blue Dart ExpressLogistics7,58918,000
Wendt IndiaIndustrial Products7,6271,500
Bajaj Holdings & InvestmentFinance6,62274,000
Superb Natural IndustriesChemicals5,75017,500
Gillette IndiaFMCG5,14817,000
Sanofi IndiaPharmaceuticals5,60013,000
Cera SanitarywareSanitaryware5,5397,200
In Conclusion
In our examine of high shares below Rs 8000, two outliers emerged. Apart from Blue Dart Categorical and Bajaj Finance, the opposite three firms have minimal or nil debt. Even for Bajaj Finance, it’s crucial to have a big debt-to-equity ratio as it’s an NBFC. Two firms have promoter holding on the higher band of 75%.
However why did these shares commerce at such excessive quotations? Why didn’t these firms conduct a inventory cut up?
One narration will be that the administration of those firms needs to maintain the possession concentrated to keep away from small buyers’ possession and consequent risky worth fluctuations. How about you tell us your perspective within the feedback under?
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Vikalp Mishra is a commerce graduate from the College of Delhi. He likes to write down on finance, cash and enterprise. He’s a voracious reader with a real curiosity in investing. Drop him a mail at [email protected].
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