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Top 3 Stocks Under ₹100 to Buy on Monday: Sumeet Bagadia's Expert Picks for April 12, 2025

Top 3 Stocks Under ₹100 to Buy on Monday: Sumeet Bagadia’s Expert Picks for April 12, 2025

In the wake of rising geopolitical tensions between India and Pakistan, the Indian stock market has faced a significant downturn, marking the end of its longest winning streak in 2025. Investor confidence has taken a hit, leading to increased volatility within the equity benchmarks, specifically the Sensex and Nifty 50. As a result, the BSE benchmark witnessed a drop of 1,047.52 points, translating to a 1.30% decline, while the Nifty lost 338.7 points, or 1.39%.

Market Analysis Amid Geopolitical Strife

The recent volatility in the stock market is primarily attributed to the escalating situation at the border, including reports of drone and missile strikes. With sentiments running cautious, analysts are urging investors to adopt a focused approach in their trading strategies.

Sumeet Bagadia, the Executive Director at Choice Broking, noted the Nifty 50 index has dipped below the crucial 50-DEMA support level of 24,050. He emphasized that the benchmark’s support has now shifted to around 23,800, while the index faces resistance at 23,400. This technical outlook suggests that a selective stock-picking strategy is essential for navigating this challenging market environment.

Recommended Stocks Under ₹100

For investors looking for opportunities in the current climate, Bagadia has highlighted three stocks priced under ₹100 that show promise:

  • Silgo Retail: Currently trading at ₹49.35, with a recommended stop loss of ₹47.5 and a target price of ₹53.
  • Lotus Eye Hospital and Institute: Priced at ₹73.34, this stock has a stop loss set at ₹70.5 and a target price of ₹78.5.
  • Cupid: Trading at ₹84.13, with a stop loss of ₹81 and a target price of ₹90.

These stock recommendations come in light of the market’s current conditions, and investors are encouraged to keep a close watch on these stocks to maximize potential gains.

See also  IndusInd Bank Faces Target Cut: Bernstein Raises Alarm Over Management Credibility and Deposit Concerns

Conclusion

As the Indian stock market navigates through these turbulent times, it’s crucial for investors to remain informed and strategic. With geopolitical tensions affecting market stability, focusing on fundamentally strong stocks could be the key to weathering the storm. For more insights on market trends and stock recommendations, stay connected with the latest updates.

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