If you are seeking stocks for less than 100 INR, then you’re not alone in this endeavor. Many investors are going through the markets to get cheap shares that can promise high returns amid fluctuating trends in the global and domestic markets. On Thursday, the Indian stock market declined, as Nifty 50 slipped by 104 points and closed at 24,537 and Sensex fell 262 points to 81,263. The Nifty Bank index also went down by 168 points, closing at 53,222.
All sectoral indices, save for Nifty IT and Nifty Metal, have closed red. Nifty Media, FMCG, and Oil/Gas indices have particularly lost big. Amidst all these market oscillations, the following stock under 100 INR has caught analysts’ eye for intraday trading ideas.
Mixed Market Signals
The market stays in consolidation mode after three straight weeks of upward movement. The selling pressure on Nifty has picked up a few points ahead of the resistance level of 24,680. But the index holds around 24,480. “Unless Nifty breaches 24,680, the trend is expected to remain slightly bearish. A break below 24,480 may have an added impact on pushing down toward 24,350,” she said.
This may be a time window for investors to invest in stocks under 100 INR, which will generally be less risky stocks for short-term trades if market corrections are happening.
Domestic and global factors are influencing investor sentiment. India’s retail inflation eased to 5.48% in November, well within the Reserve Bank of India’s (RBI) target of 2-6%. This boosts the likelihood of a potential rate cut in February, which could improve liquidity and favor equity markets.
The US dollar index surged globally as the ECB cut rates by 25 basis points. Also, the US wholesale prices witnessed a higher-than-estimated increase, and this sent out a message that the Fed might not go aggressively to cut rates in 2025. Such external events might make affordable stocks below 100 INR an attractive option for Indian investors amidst such mixed sentiment.
Top Stocks Under 100 INR to Buy
For today’s intraday trading, analysts suggest four affordable options:
NMDC Steel:
- Current Price: ₹47.60
- Recommendation: Sell
- Target: ₹45.30
- Stop Loss: ₹49.10
Hathway Cables:
- Current Price: ₹17.50
- Recommendation: Buy
- Target: ₹18.30
- Stop Loss: ₹17
Asian Granito India:
- Current Price: ₹75-₹76
- Recommendation: Buy
- Target: ₹90
- Stop Loss: ₹69
Lloyds Engineering Works:
- Current Price: ₹79-₹80
- Recommendation: Buy
- Target: ₹120
- Stop Loss: ₹72
These suggestions encompass a range of sectors including steel, cable services, and engineering hence becoming good stocks to purchase for less than 100 INR with potential. Why Invest in Cheap Shares?
Investing in stocks to buy under 100 INR in volatile markets has several advantages. These shares often require lower capital and have higher percentage growth potential compared to pricier blue-chip stocks. Moreover, these stocks tend to attract speculative interest, which can drive short-term price movements, making them ideal for intraday traders.
The investor must carefully watch the market trends in terms of major support and resistance levels. Trading stocks available under 100 INR intraday calls for severe stop-loss measures to counter the risk involved. Tracing sectoral movement, FIIs, and global triggers helps investors understand where to buy and sell at what cost.
For investors looking at short-term profits, buying stocks under 100 INR is still a great option. While the general market has retreated lately, low-cost stocks such as NMDC Steel, Hathway Cables, Asian Granito India, and Lloyds Engineering Works are still some of the best options to consider. Keep an eye on the resistance levels and market cues to make proper trading decisions.
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