3 Largecap Stocks Between Rs 100 and Rs 300 to Watch for Future Multibagger Potential: ITC, Power Grid and Union Bank
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
ITC Rs 263.50. Power Grid Rs 250.45. Union Bank Rs 171.68. Market caps from Rs 1.32 lakh crore to Rs 3.27 lakh crore. Data as of 16 Oct 2026.
Quick Answer
ITC, Power Grid and Union Bank are the 3 picks in this stocks between Rs 100 and Rs 300 watchlist, with market caps between Rs 1.32 lakh crore and Rs 3.27 lakh crore. ITC stands out for the highest return on equity at 28.53%, while Power Grid offers 0.47% revenue growth in FY26. PE ratios run from 6.39 to 16.22, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
Stocks between Rs 100 and Rs 300 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. ITC, Power Grid and Union Bank meet that test, with market caps from Rs 1.32 lakh crore to Rs 3.27 lakh crore and ITC offering the highest return on equity at 28.53%. Large companies priced between Rs 100 and Rs 300 are within easy reach of small investors.
This list covers companies with a share price between Rs 100 and Rs 300 at the latest close and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening stocks between Rs 100 and Rs 300 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks Between Rs 100 and Rs 300 and Why Do They Attract Multibagger Interest?
Stocks between Rs 100 and Rs 300 are shares of companies whose price per share sits between Rs 100 and Rs 300. The share price alone says little about value, so investors look at the company’s size, profit growth and valuation instead.
Each business in this price range has its own growth story, and the per-share price simply shows how many shares an investor can buy. Companies with steady profit, healthy returns and strong balance sheets are the ones investors compare in stocks between Rs 100 and Rs 300.
Stocks Between Rs 100 and Rs 300 at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 16 October 2026. Union Bank has the lowest PE of the group at 6.39, while ITC posts the highest return on equity at 28.53%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| ITC | 263.50 | 3,27,360 | 16.22 | 34.68 | 28.53% | 4.51 | 253.15 to 426.40 |
| Power Grid Corporation of India | 250.45 | 2,32,283 | 14.61 | 21.61 | 15.85% | 2.31 | 244.65 to 324.95 |
| Union Bank of India | 171.68 | 1,31,832 | 6.39 | 12.02 | 15.57% | 0.99 | 135.80 to 205.49 |
ITC: Return on Equity of 28.53%
ITC combines cigarettes with FMCG, paperboards, packaging and agri-business. It reported FY26 revenue of Rs 81,294.27 crore, up 4.41% year on year, and net profit of Rs 21,018.15 crore, up 4.90%. Net profit has compounded at 7.91% a year since FY22, while revenue has grown 6.79% a year. Operating margin was 33.18% in FY26. The debt-to-equity ratio is 0.03, which keeps interest costs low.
Revenue for the June 2026 quarter rose 26.74% to Rs 30,179.01 crore, at an operating margin of 21.52%. Domestic institutions raised their holding from 47.41% in September 2025 to 49.82% in September 2026. The stock trades at a PE of 16.22 against an industry PE of 34.68, below the sector average, with a return on equity of 28.53%. The dividend yield is 5.55%.
Power Grid: Profit Compounding at 1.89% a Year
Power Grid Corporation of India owns and operates the country’s main electricity transmission network. It reported FY26 revenue of Rs 47,684.43 crore, up 0.47% year on year, and net profit of Rs 18,702.34 crore, up 22.68%. Operating margin was 73.84% in FY26.
The stock trades at a PE of 14.61 against an industry PE of 21.61, below the sector average, with a return on equity of 15.85%. The dividend yield is 3.60%. Revenue for the June 2026 quarter rose 2.20% to Rs 11,696.72 crore, at an operating margin of 83.79%. The share price has gained 64.38% over five years. Domestic institutions raised their holding from 18.55% in June 2025 to 20.70% in June 2026.
Union Bank: 37.80% Profit CAGR Since FY22
Union Bank of India is a large government-owned bank that serves retail, MSME and corporate customers across India. It reported FY26 total income of Rs 1,28,399.52 crore, up 0.19% year on year, and net profit of Rs 18,780.63 crore, up 4.80%. Net profit has compounded at 37.80% a year since FY22, while total income has grown 11.95% a year.
In the June 2026 quarter, total income rose 2.17% to Rs 32,660.24 crore and net profit grew 29.77% to Rs 5,368.17 crore. The share price has gained 249.43% over five years and 23.10% over the past year. Foreign investors raised their holding from 7.70% in June 2025 to 8.63% in June 2026. The stock trades at a PE of 6.39 against an industry PE of 12.02, below the sector average, with a return on equity of 15.57%. The dividend yield is 2.90%.
Stocks Between Rs 100 and Rs 300: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks between Rs 100 and Rs 300. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| ITC | 81,294.27 | 21,018.15 | 4.41% | 6.79% | 7.91% |
| Power Grid | 47,684.43 | 18,702.34 | 0.47% | 2.80% | 1.89% |
| Union Bank | 1,28,399.52 | 18,780.63 | 0.19% | 11.95% | 37.80% |
Check the Univest Screener for live data on these stocks between Rs 100 and Rs 300
Institutional Holding in ITC, Power Grid and Union Bank
Institutional holding shows who is backing these stocks between Rs 100 and Rs 300 alongside the promoter. The table uses the latest reported quarter for each. ITC has the deepest institutional backing, with FII and DII together holding 83.04% as of September 2026. Domestic institutions increased their holding over the past year in ITC (from 47.41% to 49.82%) and Power Grid (from 18.55% to 20.70%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| ITC | Nil | 33.22% | 49.82% | 16.96% | September 2026 |
| Power Grid | 51.34% | 24.33% | 20.70% | 3.63% | June 2026 |
| Union Bank | 74.76% | 8.63% | 11.98% | 4.63% | June 2026 |
Risks to Weigh in Stocks Between Rs 100 and Rs 300
Being careful with stocks between Rs 100 and Rs 300 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- A share price in a given range does not say whether a stock is fairly valued.
- Compare valuation with growth before investing.
- Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- Concentration: Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Stocks Between Rs 100 and Rs 300
Picking from stocks between Rs 100 and Rs 300 comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (12.02 to 34.68) and ask whether the growth rate justifies any gap.
- Track quarterly profit growth, the PE ratio and the return on equity in every result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among stocks between Rs 100 and Rs 300, ITC stands out for the highest return on equity at 28.53%, Power Grid for 0.47% revenue growth in FY26 and Union Bank for the fastest profit growth, 37.80% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing stocks between Rs 100 and Rs 300 should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Stocks Between Rs 100 and Rs 300 to Watch
Which are the best stocks between Rs 100 and Rs 300 to watch for multibagger potential?
Ans. ITC, Power Grid and Union Bank are the 3 names this list highlights, with market caps of Rs 3,27,360 crore, Rs 2,32,283 crore and Rs 1,31,832 crore respectively. ITC is notable for the highest return on equity at 28.53%. Power Grid stands out for 0.47% revenue growth in FY26. Union Bank offers the fastest profit growth, 37.80% a year since FY22. These are watchlist names for stocks between Rs 100 and Rs 300, not recommendations, so match each one to your own risk profile and time horizon.
Is ITC a good stock for long-term investors?
Ans. ITC has a return on equity of 28.53%, a PE of 16.22 against an industry PE of 34.68 and a market cap of Rs 3,27,360 crore. Net profit has compounded at 7.91% a year since FY22, and FY26 revenue rose 4.41% while June 2026 quarter revenue grew 26.74%. Long-term returns in stocks between Rs 100 and Rs 300 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Union Bank become a multibagger from here?
Ans. Union Bank has already gained 249.43% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks between Rs 100 and Rs 300 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.80% a year since FY22, and FY26 revenue rose 0.19%. At a PE of 6.39 against an industry PE of 12.02, valuation should be checked against that growth before investing.
What is the market cap of ITC, Power Grid and Union Bank?
Ans. As of 16 October 2026, ITC has a market cap of Rs 3,27,360 crore, Power Grid has a market cap of Rs 2,32,283 crore and Union Bank has a market cap of Rs 1,31,832 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks between Rs 100 and Rs 300.
What are the risks of investing in stocks between Rs 100 and Rs 300?
Ans. The main risks are treating the share price as a sign of value, cyclical earnings and market swings. Companies with steady profit growth and strong balance sheets handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.
Is Union Bank trading below its industry PE?
Ans. Union Bank trades at a PE of 6.39 against an industry PE of 12.02. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 37.80% a year since FY22 and FY26 revenue rose 0.19%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in ITC, Power Grid and Union Bank?
Ans. As of the latest reported quarter, FII and DII together hold 83.04% of ITC (33.22% and 49.82%), 45.03% of Power Grid (24.33% and 20.70%) and 20.61% of Union Bank (8.63% and 11.98%). Rising institutional holding is a useful signal in stocks between Rs 100 and Rs 300, though it should be read with earnings trends rather than on its own.
