When it comes to stocks to buy under ₹100, Sumeet Bagadia suggests picking up shares of Shree Digvijay Cement Co, Restaurant Brands Asia, and Lotus Eye Hospital and Institute.
Quick Snapshot: Indian Market Update
Before diving into stocks to buy under ₹100, here’s the latest market vibe:
The Indian stock market kept its winning streak alive for the second week straight. Although gains were modest, it’s still a win! The Nifty 50 jumped 0.79%, closing above the crucial 24,000 mark, while the Sensex wrapped up at 79,212.53, slightly off highs after a round of profit-booking.
Markets stayed strong over key moving averages (21, 55, and 200-day EMAs), suggesting bullish momentum could continue.
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Stocks to Buy Under ₹100: Sumeet Bagadia’s Monday Recommendations
If you’re looking for stocks to buy under ₹100 this week, Sumeet Bagadia, Executive Director at Choice Broking, has three momentum picks that might just fit your portfolio:
1. Shree Digvijay Cement Co
- Buy Price: ₹79.94
- Target: ₹85.53
- Stop Loss: ₹77.14
Analysis:
Shree Digvijay Cement is flexing strong technical strength. Given the positive setup and momentum, this stock makes a solid case for traders eyeing stocks to buy under ₹100 with minimal downside risk.
Sector impact: Construction and real estate sectors could get a boost if infrastructure activity heats up.
2. Restaurant Brands Asia
- Buy Price: ₹82.22
- Target: ₹88
- Stop Loss: ₹79.34
Analysis:
The brand behind big QSR (quick-service restaurant) names like Burger King India, Restaurant Brands Asia is showing solid recovery signs post-pandemic. As consumer demand grows, food chains are riding the trend.
Sector impact: Retail and consumer discretionary sectors could benefit from India’s spending boom.
3. Lotus Eye Hospital and Institute
- Buy Price: ₹74.17
- Target: ₹79.28
- Stop Loss: ₹71.5
Analysis:
A niche healthcare player, Lotus Eye Hospital specializes in eye care services. With growing demand for specialized medical services in India, this stock under ₹100 could be a smart healthcare bet.
Sector impact: Healthcare and wellness sectors could see significant investor interest.
Pros and Cons of Buying Stocks Under ₹100
| Pros | Cons |
|---|---|
| Low investment needed, higher upside potential | Higher volatility and risk |
| Good for diversification | May require longer holding periods |
| Affordable for new investors | Companies may have weaker fundamentals |
Short-Term and Long-Term Market Effects
Short-Term:
Momentum could favor stocks to buy under ₹100, especially in sectors like cement, consumer retail, and healthcare. But profit-booking could cause short blips.
Long-Term:
If India’s GDP growth keeps its pace, small- and mid-cap companies like Shree Digvijay Cement, Restaurant Brands Asia, and Lotus Eye Hospital could scale big time, offering multibagger returns to patient investors.
Caution: Why Stock-Specific Strategy Matters
Bagadia stresses that even with strong picks, the stock market outlook stays cautious. The Nifty 50 closing below the 200-DEMA (24,050) shows it’s wise to stick to a stock-specific approach rather than betting on broad indices.
Support for Nifty is placed at 23,800. If breached, it could trigger more selling pressure.
Latest 4 Trending News in the Market You Should Know
- US Markets Mixed on Tech Earnings
- Nasdaq slid after disappointing results from key tech giants. (Source: CNBC)
- Oil Prices Jump 3% Over Middle East Tensions
- Crude spikes could increase inflation pressure globally. (Source: Reuters)
- India’s GST Collection Hits Record ₹2 Lakh Crore
- A strong fiscal boost, indicating a growing economy. (Source: Economic Times)
- Gold Prices Hover Near All-Time Highs
- Investors shift towards safe-haven assets amid geopolitical jitters. (Source: Moneycontrol)
Final Thoughts on Stocks to Buy Under ₹100
If you’re scouting for stocks to buy under ₹100, this week’s picks — Shree Digvijay Cement, Restaurant Brands Asia, and Lotus Eye Hospital — are worth a close look. While small-cap bets aren’t without risk, the right ones can pack a serious punch over time.
Remember: Always do your homework and consult a certified financial advisor before making any investment moves.
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