Stocks to purchase for less than 100 rupees: Sumeet Bagadia suggests purchasing three shares tomorrow, January 6, 2025.

Stocks to purchase for less than 100 rupees: Sumeet Bagadia suggests purchasing three shares of South Indian Bank, Lloyds Engineering Works, and Paramount Communications on Monday.

Under ₹100 stocks to purchase: Due to profit-booking amid a stronger US dollar on January 3, the domestic stock market saw heavy losses during Friday's trading session, with both benchmark indices closing down. Compared to the previous market closing of 24,188.65 points, the Nifty 50 index closed 0.76 percent lower at 24,004.75 points.

Compared to the previous market closing of 79,943.71 points, the BSE Sensex index closed 0.90 percent lower on Friday at 79,223.11 points.

The stock recommendations of Sumeet Bagadia
Despite Friday's selling pressure, the Indian stock market's bias remained cautiously optimistic, according to Sumeet Bagadia, Executive Director at Choice Broking. The Nifty 50 index managed to hold above both the critical support of 23,900 and the important 24,000 line.

"The Indian stock market bias is cautiously optimistic as the Nifty 50 index has sustained above the psychological 24,000 mark and crucial support of 23,900," Sumeet Bagadia remarked in reference to the forecast for the Indian stock market, despite a significant sell-off on Friday. The 50-stock index has formed a solid base around 200-DEMA, where it is currently trading at 23,850, but it is encountering a barrier at 50-DEMA, where it is trading at about 24,200. If this 200-DEMA to 50-DEMA range is broken, either bullish or bearish trends might be expected. Therefore, it is recommended that day traders stick to a stock-specific strategy and focus on stocks that are actively seeking stock on the technical chart.

Paramount Communications Ltd., Lloyds Engineering Works Ltd., and South Indian Bank Ltd. are the three equities that Sumeet Bagadia suggested purchasing for less than 100 rupees.

Stocks under 100 naira
1. Buy at ₹26.96; target at ₹29; stop loss at ₹26 for South Indian Bank Ltd. (SOUTHBANK).

2. Buy at ₹85.29, target at ₹92, and stop loss at ₹82 for Lloyds Engineering Works Ltd. (LLOYDSENGG2).

3. Buy at ₹85.1; target at ₹91; stop loss at ₹82.5 for Paramount Communications Ltd. (PARACABLES).