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Best stocks to buy under ₹100: Sumeet Bagadia recommends 3 shares to buy — SJVN, NHPC, Bank of Maharashtra | Targets

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In short

The benchmark Nifty rose 2% to finish at 23,053.10, supported by combined institutional cash purchases exceeding ₹9,400 crore from foreign and domestic funds. Choice Broking notes that the index must clear its 50-day moving average near 23,160 to sustain momentum, while Bank Nifty remains pressured below key moving averages. Amid these index constraints, individual trading picks focus on selective lower-priced equities with clearly defined targets and risk parameters.

Key points

  • Nifty upside remains capped below its 50-day exponential moving average near the 23,160 l…: Nifty upside remains capped below its 50-day exponential moving average near the 23,160 level.
  • Bank Nifty requires a decisive breakout above 55,000 to substantially improve its broader…: Bank Nifty requires a decisive breakout above 55,000 to substantially improve its broader market sentiment.
  • Specific stock selections under ₹100 include SJVN, NHPC, and Bank of Maharashtra with def…: Specific stock selections under ₹100 include SJVN, NHPC, and Bank of Maharashtra with defined price targets.

Sources checked by our analysis pipeline: 1

Stocks to buy under ₹100 | Sumeet Bagadia's stock recommendations: The key benchmark indices of the Indian stock market ended the week on a firmer footing, with the Nifty rising 2% to 23,053.10 and the Sensex gaining 1.8% to 74,459.53. Buying in IT, healthcare and select financial stocks underpinned the recovery, although the Bank Nifty lagged, advancing just 0.6%. Institutional flows were also encouraging, with FIIs recording net purchases of ₹6,304.67 crore in the cash market during the week, while DIIs were net buyers of ₹3,109.79 crore. The return of foreign buying is a constructive signal, but a single week of inflows is not enough to reverse the broader selling trend seen in October.

The focus now shifts to a series of global and domestic indicators that could shape risk appetite and foreign capital flows. Geopolitical tensions and elevated crude oil prices remain a key source of uncertainty for India, given the potential implications for corporate costs, inflation and the external balance.

Sumeet Bagadia, Executive Director at Choice Broking, believes the immediate upside on Dalal Street is capped as the…

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