Top 3 Stocks to Buy Under ₹100: Sumeet Bagadia’s Stock Picks for 6 July 2025
As the Indian stock market faces a wave of uncertainty, investors are increasingly on the lookout for reliable and affordable stock picks. With the market closing negatively last week, primarily due to concerns over the India-US trade deal and continued foreign capital outflows, market participants are eager for expert advice on potential investment opportunities. In this context, Sumeet Bagadia, Executive Director at Choice Broking, has recommended Top 3 Stocks to Buy Under ₹100 for the upcoming trading sessions, offering budget-friendly options for investors.
Indian Stock Market Overview
The Indian stock market benchmarks, the Sensex and the Nifty 50, ended last week on a negative note, falling by almost a per cent. The Nifty 50 traded within a range of about 350 points, hitting weekly highs and lows of 25,669 and 25,331, respectively. The consistent selling by Foreign Portfolio Investors (FPIs), who offloaded Indian equities worth ₹5,773 crore in July, compounded the pressure on the indices.
Experts point to the market’s stretched valuations and global uncertainties as reasons behind this cautious stance. With the upcoming Q1 FY26 earnings season and unresolved India-US trade negotiations looming large, investor sentiment remains on edge.
Market Sentiment and Outlook
According to Sumeet Bagadia, market sentiment witnessed a marginal recovery as the Nifty 50 bounced back from the crucial 25,350-25,300 range and closed around the 25,450 mark. However, the index faces significant resistance in the 25,550 to 25,600 range. A decisive breakout above this zone could propel the index to 25,700 and potentially towards 26,200.
Bagadia advised a stock-specific strategy for the week, recommending investors focus on fundamentally strong and technically resilient counters. Within this framework, he shared his Top 3 Stocks to Buy Under ₹100 that are showing promising technical setups.
Top 3 Stocks to Buy Under ₹100
1️⃣ PC Jeweller (Buy at ₹16.69 | Target ₹18.18 | Stop Loss ₹16)
First on Bagadia’s list of Top 3 Stocks to Buy Under ₹100 is PC Jeweller. This stock, trading at ₹16.69, has demonstrated resilience amidst market volatility. The technical charts indicate a positive reversal pattern forming near its support zones.
Bagadia suggests entering positions at the current market price with a stop loss at ₹16. On the upside, the stock is expected to touch ₹18.18 in the near term. Investors should monitor volume trends and relative strength indicators (RSI) for confirmation of this upward move.
2️⃣ Suryalakshmi Cotton Mills (Buy at ₹77.54 | Target ₹83 | Stop Loss ₹74.6)
The second pick in Bagadia’s Top 3 Stocks to Buy Under ₹100 is Suryalakshmi Cotton Mills. Priced at ₹77.54, the stock has showcased steady upward momentum on the back of strong fundamentals in the textile sector.
Bagadia highlights that the stock is holding firm near crucial moving averages and has displayed a bullish crossover on the daily charts. He recommends buying with a target of ₹83 while maintaining a strict stop loss at ₹74.6. The stock’s bullish sentiment is supported by healthy market breadth in mid and small-cap segments.
3️⃣ Parsvnath Developers (Buy at ₹23.04 | Target ₹24.7 | Stop Loss ₹22.15)
Completing the Top 3 Stocks to Buy Under ₹100 is Parsvnath Developers. Trading at ₹23.04, this real estate stock has been gradually inching higher. With the government’s continued focus on affordable housing and infrastructure development, realty stocks have started gaining momentum.
Bagadia recommends accumulating the stock at current levels for a short-term target of ₹24.7, setting a protective stop loss at ₹22.15. A breakout above ₹24.5 could open the doors for further gains towards ₹26. Technically, the stock is well-placed with supportive volume patterns and favorable relative strength.
Why Focus on Stocks Under ₹100?
Stocks priced under ₹100 often attract retail investors due to their affordability and the potential for higher percentage returns. While these stocks carry higher risks due to their volatile nature, they can offer significant upside opportunities if selected judiciously. The Top 3 Stocks to Buy Under ₹100 recommended by Bagadia cater precisely to this segment of the market, offering a mix of value, growth, and technical strength.
Broader Market Factors to Watch This Week
Apart from these Top 3 Stocks to Buy Under ₹100, several macroeconomic and corporate events could influence market trends in the coming days:
- India-US Trade Deal: Continued negotiations and uncertainty around trade tariffs.
- Q1 Earnings Season: Companies like TCS and DMart to announce results.
- FPI Activity: Monitoring foreign investment trends amid global market fluctuations.
- Monsoon Progress: Impact on agriculture stocks and consumer demand.
- US Federal Reserve Meeting Outlook: Global risk sentiment influenced by rate expectations.
Final Thoughts
The Indian stock market is currently navigating through a cautious phase, with key global and domestic triggers in play. In such conditions, expert stock picks become valuable for investors seeking profitable opportunities. Sumeet Bagadia’s Top 3 Stocks to Buy Under ₹100 — PC Jeweller, Suryalakshmi Cotton Mills, and Parsvnath Developers — offer an attractive mix of technical strength and market momentum.
Investors should, however, maintain disciplined risk management practices by adhering to suggested stop losses and regularly reviewing market updates.
Disclaimer: This article is for informational and educational purposes only. The views and stock recommendations expressed are those of individual analysts and brokerage firms, not of Mint. Investors are strongly advised to consult with certified financial advisors before making any investment decisions. Financial markets are subject to risks, and conditions can change rapidly. Always exercise due diligence.
By following expert insights like Bagadia’s Top 3 Stocks to Buy Under ₹100, retail investors can navigate the complexities of volatile markets while capitalizing on short-term opportunities.