Top 3 Stocks under $20: Must Buy in 2022

Both a Red Bull energy drink and a Chai from Chaayos cost slightly around Rs. 200. Did you know that you may also buy quality stocks for just Rs. 200? There are various small-cap, mid-cap, and even large-cap alternatives to pick from. You can be a trader searching for volume profits or a newbie investor wanting to purchase low-quotation equities.

You might find these stocks priced under 200 rupees handy. Although there is a large demand from investors for such fundamentally sound equities, there are not enough of them to go around. A fast search on Screener returns 2,900 firms that are active on the market and have share prices under Rs. 200. How do you choose lucrative businesses from such a huge pool?


Gujarat Mineral Development Corporation (GMDC) Ltd., a prominent state-owned mining and mineral processing corporation, was established in 1963. It is also India’s second-largest producer of lignite and is based in Ahmedabad. GMDC has no debt and was listed as the 132nd largest company in India by Fortune 500 in 2017.

By market capitalization, it is among the top five Indian mining companies. The business is engaged in the exploration of various minerals, including limestone, silica sand, bauxite, lignite, and manganese. These minerals are used in many different sectors, including glass production, ceramics, chemicals, water purification, and oil drilling. In addition, GMDC is heavily involved in the energy industry. Its portfolio of thermal power projects and wind energy projects is considerable.


EPL is the biggest specialty packaging firm in the world and is owned by the Blackstone Group. In August 2019, the multinational asset management acquired the business from Essel Group of Companies. Later, in mid-2020, Blackstone reduced its investment by nearly a third to 51.91%.

EPL manufactures dispensing devices and laminated plastic tubes. These goods are used in the food & home care, medicines & healthcare, beauty & cosmetics, oral care, and sectors.

EPL manufactures 8 billion tubes annually for its 1200 clients at 20 facilities scattered across 12 nations. It has solid connections with reputable multinational corporations (MNCs) and Indian businesses, including P&G, Colgate, Unilever, GSK, Reckitt Benckiser, Johnson & Johnson, Dabur, Emami, Himalaya, Patanjali, and others.

Ashok Leyland

In 1948, Ashok Motors became the precursor to Ashok Leyland. It is the second-largest producer of commercial vehicles in India, the fourth-largest producer of buses worldwide, and the nineteenth-largest producer of trucks worldwide. It is owned by the Hinduja Group.

With 7 production plants in India and 2 abroad, this corporation with its headquarters in Chennai has a global presence. It produces large commercial vehicles, light commercial vehicles, engines, and even defence vehicles, with a well-rounded portfolio in the automotive sector. With its EV unit Switch Mobility, Ashok Leyland has also become a market leader in the EV sector. It has converted a number of its models to run on electricity. The country’s first double-decker EV bus was recently revealed by Switch Mobility. The whole Mumbai fleet of 200 double-decker buses will be replaced by it.

Although the business has continuously recorded profits, its share price has dropped more than 37% since its initial public offering (IPO) in October 2020. It has no debt, and its stock has a respectable dividend yield of more than 2.5%.