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Best stocks to buy under ₹100: Lloyds Engineering, Niva Bupa, Vedanta Power by Sumeet Bagadia | Targets, stop-loss

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In short

Sumeet Bagadia recommends purchasing Lloyds Engineering, Niva Bupa, and Vedanta Power with defined upside targets and strict stop-loss levels. Indian equities managed marginal gains in a holiday-shortened week, buoyed by solid second-quarter earnings and foreign inflows despite domestic retail inflation touching a two-year high. Meanwhile, broader sentiment remains positive as long as the Nifty 50 trades above its crucial 25,000 baseline.

Key points

  • Domestic retail inflation reached a two-year high due to surging food prices, tempering r…: Domestic retail inflation reached a two-year high due to surging food prices, tempering recent market gains.
  • The Nifty 50 maintains a positive broader outlook as long as it holds above key support a…: The Nifty 50 maintains a positive broader outlook as long as it holds above key support at 25,000.
  • Elevated technical indicators suggest the broader market faces continued consolidation an…: Elevated technical indicators suggest the broader market faces continued consolidation and intermittent profit booking.

Sources checked by our analysis pipeline: 1

Stocks to buy under ₹100 | Sumeet Bagadia stock recommendations: The key benchmark indices of the Indian stock market caught their breath after last week's blistering rally, trading in a narrow range with a positive bias through a holiday-shortened week. Steady foreign inflows and better-than-expected Q2 earnings, which have raised hopes of upgrades to FY27 estimates, absorbed bouts of profit booking, and the benchmarks closed the week marginally higher. Inflation, however, returned to centre stage.

A hotter-than-expected U.S. CPI print cemented bets on a December Fed hike, while hawkish Fed remarks pushed global yields higher. At home, retail inflation jumped to a two-year high, breaching the RBI's upper tolerance limit as food prices surged. Fears of further tightening snapped a three-session winning run at the end of the week.

Sumeet Bagadia, Executive Director at Choice Broking, believes the bias for the Indian stock market is positive until the Nifty 50 index is above 25,000. The Choice Broking expert said that the daily candle reflects profit booking near higher levels, but the 25,000 support for the Nifty 50 index may remain…

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