5 Stocks Under Rs 3500 to add to your Watch list | Detailed Analysis

Stocks like MRF are often difficult for retail investors to buy. This is because one would have to pay more than Rs. 80,000 to buy a share. However, the good news for investors is that there is no shortage of top companies that can be bought at Rs 3,500 per share. In this article, we will look at the top stocks under Rs 3,500.

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.

1. Tata Consultancy Services(TCS)

TCS is an IT services company with revenues primarily in the Americas and Europe. Provides software services in 5 major industries: Banking, Financial & Insurance, Retail & Consumer Services, Telecommunications, Media & Technology, and Manufacturing.

The IT specialty offers a wide range of services: Analytics and Insights, Automation and Artificial Intelligence, Blockchain, Cloud, Consulting, Cyber Security, Business Applications, Internet of Things and Digital Engineering, Quality Engineering and more.Recently, the company has also taken an active role in leading the Tata Group's digital projects.

For a highly capitalized company, TCS has generated impressive returns for its shareholders over the last five years. The value of your inventory has increased at a compound annual growth rate of 19.41% each year during this period.

2. Adani Enterprises

Adani Enterprises Ltd (AEL) is the flagship company of the Adani Group. Gautam Adani, a billionaire and first-generation founder, started as a commodity trading company in 1988. It was listed in 1994.
Since then, Adani Enterprises has grown into an incubator and holding company with diversified business holdings.
AEL is one of the largest conglomerates in India operating in various industries: airports, data centers, defense, aerospace, edible oil, food and agriculture, integrated resource management, mining services, roads, subways, railways, energy solar and water manufacturing. It has grown both organically and inorganically over the years.

Adani Enterprises recently entered into a joint venture with EdgeConneX (the world's largest private data center operator) to build 1 GW data center facilities over the next 10 years.
Additionally, Gautam Adani announced a major investment of $100 billion by the Adani Group over the next ten years. Of this, $70 billion is earmarked for an integrated hydrogen-based value chain.
Adani New Industries Ltd, a subsidiary of Adani Enterprises, will implement green hydrogen projects as part of this massive investment.

3. Asian Paints

Headquartered in Mumbai, India, Asian Paints Ltd. is the largest company in India, the third largest in Asia and the ninth largest paint producer in the world. The company was founded in the 1940s by four friends.
It has 26 paint manufacturing plants operating in 15 countries. It offers a wide range of products and services. Its main offer includes paints, wall coverings and waterproofing.

In addition, it also sells decorative vinyl, adhesives, modular kitchens and cabinets, toilets, bathroom fixtures, disinfectants, furniture and lighting services, interior design services and other products and services.
The decoration business accounts for approximately 85% of the group's income. Asian Paints earns 10% of its revenue from international sales.

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

The company has established two 50:50 joint ventures with PPG Inc, a US Fortune 500 company to serve automotive and industrial coatings orders.