Stocks to buy under ₹100: Experts pick four shares to buy on Monday — 10 March 2025 | Stock Market News

Stocks to buy under ₹100: Driven by short covering and firm global cues, the Indian stock market sustained the selling pressure of Dalal Street Bears as the Nifty 50 index ended above the crucial 22,550 mark. The BSE Sensex sustained above the crucial 74,300 mark and closed at 74,332. The Bank Nifty index ended marginally low at 48,497. The Nifty Small Cap 100 Index outperformed with a 1.32% increase, while the Nifty Midcap Index rose 0.37%. Advancing stocks significantly outnumbered declining ones for the second straight day, with the BSE advance-decline ratio reaching 3:1. 

Reliance Industries Ltd (RIL) was the most significant contributor to the index gain, rising 2.9%. Asian Paints Ltd. recorded the highest percentage increase at 4.8%. Nearly all sectoral indices closed positive, with Oil & Gas, Metal, and Pharma leading the gains. Only Nifty Realty ended in negative territory.

Stock market next week

Speaking on the outlook for the Indian stock market, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, “We expect the market to trade within a broad range, albeit some volatility on account of fickleness in global developments.”

On the Nifty 50 index outlook, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, “The initial hurdle of 22,500 (opening downside gap of 28th Feb) has been surpassed, and Nifty closed above it. This is a positive indication. In the downtrend of the last 15-16 sessions, the market was not able to break above the initial hurdles, instead breaking important supports at the lows. Hence, this market action signals an increasing strength of upside momentum. The next upside resistance to be watched is around 22,750 to 22,800. Immediate support for Nifty 50 today is placed at 22,250.”

Asked about the outlook of the Bank Nifty index, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, “The Bank Nifty has formed a red candle on the daily chart, indicating strong resistance near 48,660 levels. A sustainable breakout above this level could trigger a fresh move towards 49,000. On the downside, 47,840 remains firm support. Traders should closely watch these levels for potential trading opportunities.”

Stocks to buy under ₹100

Regarding shares to buy under ₹100, market experts — Mahesh M Ojha, AVP — Technical Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these four shares: NMDC, Sanstar, Bank of India, and Cellecor Gadgets.

Mahesh M Ojha’s shares to buy under ₹100

1] NMDC: Buy at ₹37 to ₹37.35, targets ₹39, ₹40, and ₹42, stop loss ₹35.80; and

2] Sanstar: Buy at ₹94.50 to ₹96, targets ₹98, ₹100, and ₹105; stop loss ₹92.

Sugandha Sachdeva’s intraday stock

3] Bank of India: Buy at ₹95.60, target ₹98.80, stop loss ₹93.60.

Anshul Jain’s buy or sell stock

4] Cellecor Gadgets: Buy at ₹62, target ₹66, stop loss ₹60.

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.