
Stocks to buy under ₹100: Experts recommend six shares to buy today
Stocks to buy under ₹ 100: The Indian stock market added to its rally on Monday, lifted by positive global cues amid signs of progress in US tariff negotiations and the central bank's bumper monetary policy measures like the repo rate and CRR cut.
The Nifty 50 rose 0.4% to 25,103.2 to an eight-month high, while the BSE Sensex gained 0.31% to 82,445.21. The gains in the broader market beat that of the benchmarks as the small-cap index added 1.6% and the mid-cap index jumped 1.1%
Twelve of the 13 major sectors on the NSE advanced. Nifty Private and Nifty PSU Banks advanced 1.03% and 1.52%, respectively. Nifty Financials added 0.5%.
The outlook for the Indian stock market remains firm on the back of strong domestic and global cues.
Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services, said, "Overall, we expect the market to continue its gradual up-move, on the back of strong domestic cues - better than expected Q4 corporate earnings, RBI's liquidity-boosting measures, above average monsoon forecast and the likely US-India trade deal."
Meanwhile, commenting on the technical outlook for Nifty 50, Rupak De, Senior Technical Analyst at LKP Securities, said, "The Nifty has finally broken out of its prolonged consolidation on the daily timeframe. Market sentiment appears positive, with the index sustaining well above the crucial 50-day moving average (50DMA)."
A golden crossover on the daily chart has been supporting the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely, he said, adding that a decisive move above this level could trigger a rally towards 25,700. "On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment," De said.
Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; Anshul Jain, Head of Research at Lakshmishree Investment and Securities and Mahesh M Ojha, AVP - Research at Hensex Securities buying these six intraday stocks under ₹ 100: Reliance Power, NMDC, MIC Electronics, Imagicaaworld Entertainment, Asian Granito India and Hindustan Construction Company (HCC).
1) Reliance Power: Buy in cash at ₹ 64.62, target price at ₹ 71.62, stop loss at ₹ 62.35
2) NMDC: Buy in cash at ₹ 74, target price at ₹ 79.18 and stop loss at ₹ 71.41
3) MIC Electronics: Buy at ₹ 66, target price at ₹ 82-90, stop loss at ₹ 55
4) Imagicaaworld Entertainment: Buy at ₹ 73.50, target price at ₹ 80, stop loss at ₹ 70
5) Asian Granito: Buy at ₹ 60.25-61.25, target price at ₹ 64, followed by ₹ 67 and ₹ 70; stop loss at ₹ 58.70
6) HCC: Buy at ₹ 35.15-36.15, target price at ₹ 38, followed by ₹ 41, ₹ 44 and ₹ 47
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Gazette
an hour ago
- India Gazette
Centre reduces basic custom duty on major imported crude edible oils from 20% to 10%
New Delhi [India], June 11 (ANI): The central government on Wednesday reduced Basic Custom duty (BCD) on major imported crude edible oils from 20 per cent to 10 per cent. The Ministry of Consumer Affairs, Food and Public Distribution said in a release that the Centre has reduced the Basic Customs Duty on crude edible oils - crude sunflower, soybean, and palm oils - has been reduced from 20% to 10% resulting in the import duty differential between crude and refined edible oils from 8.75% to 19.25%. This adjustment aims to address the escalating edible oil prices resulting from the September 2024 duty hike and concurrent increases in international market prices. An advisory has been issued to edible oil associations and industry stakeholders to ensure that the full benefit of the reduced duty is passed on to consumers, the release said. It said 19.25 % duty differential between crude and refined oils will help to encourage domestic refining capacity utilization and reduce imports of refined oils. By lowering the import duty on crude oils, the government aims to reduce the landed cost and retail prices of edible oils, providing relief to consumers and helping to cool overall inflation. The reduced duty will also encourage domestic refining and maintain fair compensation for farmers. The revised duty structure will discourage the import of refined palmolein and redirect demand towards crude edible oils especially crude palm oil, thereby strengthening and revitalizing the domestic refining sector. 'This significant policy intervention not only ensures a level playing field for domestic refiners but also contributes to the stabilization of edible oil prices for Indian consumers,' a release said. A meeting with leading Edible Oil Industry Associations and industry was held under the Chairmanship of Secretary, Department of Food and Public Distribution, and advisory was issued to them to pass on the benefits from this duty reduction on to consumers. Industry stakeholders are expected to adjust the Price to Distributors (PTD) and the Maximum Retail Price (MRP) in accordance with the lower landed costs with immediate effect. The Associations have been requested to advise their members to implement immediate price reductions and share the updated brand-wise MRP sheets with the Department on a weekly basis. DFPD shared the format with edible oil industry for sharing the reduced MRP and PTD data. 'The timely transmission of this benefit to the supply chain is imperative to ensure that consumers experience a corresponding decrease in retail prices,' the release said. This decision comes after a detailed review of the sharp rise in edible oil prices following last year's duty hike. The increase led to significant inflationary pressure on consumers, with retail edible oil prices soaring and contributing to rising food inflation. (ANI)


India Gazette
an hour ago
- India Gazette
"Looking to deepening ties, centrepiece is FTA": EAM Jaishankar on India-EU relations
Brussels [Belgium], June 11 (ANI): External Affairs Minister Dr S Jaishankar on Wednesday spoke at the German Marshall Fund Brussels Forum 2025, where he highlighted the importance of India's relationship with the European Union. Jaishankar stated that India gives 'pretty high priority' to its relations with the EU, highlighting the growing interest in Europe over the past decade. Jaishankar expressed optimism about the India-EU Free Trade Agreement (FTA), saying that discussions have been positive and that the agreement is 'within sight' of being finalised by the end of the year. Jaishankar said, 'We are really looking to deepening our ties, the centrepiece is the FTA.' He said his meetings have been very positive and noted that discussions took place on mobility and talent flows, education. On the timeline for the fruition of the Free Trade Agreement between India and the EU, EAM Jaishankar noted that since the visit of the College of Commissioners in February, 'A lot has been done and everything that I heard on this trip gives me the confidence that it's within sight that by the end of this year it is feasible to do this'. Jaishankar also addressed the trade tensions between the EU and the US, stating that India values its relations with both partners and will deal with each on terms that are mutually beneficial. He acknowledged that Europe has distinct positions on many issues, which may not always align with those of the US. Jaishankar said, 'We see today that Europe has a distinct position on many issues, those are not necessarily the positions shared today in the United States, so that's a reality. We value our relations with the US as we do with the EU we will deal with each one on terms which are best for both of us.' On the Russia-Ukraine conflict, Jaishankar reiterated India's position that differences between countries cannot be settled by war and that negotiations are the best way forward. He noted that while this position may not have been widely accepted initially, the world is now coming to terms with it. 'We have felt from the start, even if two countries have differences, it cannot be settled by the cause of war. Two, if the war has started, you cannot get solutions on the battlefield... the answer then is to negotiate. It makes sense to negotiate directly than through convoluted signalling. So that's been our position.' He noted that although this position wasn't widely accepted in 2022, the world is coming to terms with it now.' Jaishankar is in Brussels where he has held several interactions with senior officials of the European Union. Discussions have seen positive developments on several fronts of the India-EU partnership. (ANI)


India Gazette
an hour ago
- India Gazette
Indian Oil quadrupled fuel supply for armed forces during Operation Sindoor: Senior official
By Shafali Nigam Port Blair (Andaman and Nicobar) [India], June 12 (ANI): Indian Oil ensured seamless fuel supply to the Indian armed forces during Operation Sindoor from Andaman and Nicobar Islands, which went up at least four times, said Rakesh Kumar, Chief Terminal Manager (CTM) of Indian Oil Corporation (IOC). 'During Operation Sindoor, the demand from defence has gone up at least four times, and we were there to supply the product just as I told you earlier. We positioned our vessels from Paradip and Haldia refineries and met their demands just in time,' Indian Oil Corporation CTM said. Mentioning the demand during Operation Sindoor, he said, 'In case of need, just like a few months back, at the demand of the Indian Navy, we positioned our vessels from Paradip refinery and Haldia refinery at a notice of just three days.' Indian Oil demonstrated its strategic preparedness and operational efficiency and played a pivotal role in ensuring uninterrupted fuel supply during Operation Sindoor, the official said, adding that despite a fourfold increase in fuel demand from defence establishments, the state-owned oil PSU successfully met requirements by mobilising vessels from its mainland refineries within days. 'We have a very high level of good coordination with defence, almost on a daily basis. Since they are taking products from us, they have requirements. We interact with them on a weekly basis, and we hold meetings with their supply department as well,' he said about coordination with defence and security agencies in fuel supply or infrastructure planning. During a field visit to the Indian Oil POL Terminal in Port Blair, organised by the Ministry of Petroleum & Natural Gas for the press, when asked if there are any protocols in case of an emergency situation, Kumar said, 'In case of need, just like a few months back, at the demand of the Indian Navy, we positioned our vessels from Paradip refinery and Haldia refinery at a notice of just three days.' 'We are at the smart terminal of Indian Oil. Here, we have a tanking of 27,000 KL. We are dealing with four products over here, which are petrol, diesel, low-sulphur HFHSD and HSD,' he added. In response to the questions on emergency protocols in place for fuel shortages or natural disasters like cyclones or tsunamis, he said, 'We have emergency protocols. Sufficient tankage is there. On average, we have 25 days of coverage for all the products.' He said the state-run oil major is planning to expand services or upgrade existing infrastructure in the Andaman and Nicobar Islands. 'We have plans. This terminal is a 27 TKL terminal and a POL terminal. We have requested one more station and we are in an advanced stage of getting new land in Hope Town, where our bottling plant is situated,' he added. Speaking with ANI, V. Ranganathan, Chief General Manager from West Bengal State Office and Port Blair said, 'Port Blair is one of the unique locations where a lot of challenges are there with respect to logistics, as well as product availability.' (ANI)