Stocks to Buy Under ₹100: Sumeet Bagadia Recommends Three Stocks to Buy on Monday - 27 April 2026

Why It Matters

The recommendation highlights potential low‑cost entry points in a risk‑averse market, offering investors a chance to capture upside if the broader index stabilises. It also underscores the importance of technical support levels in shaping short‑term trading decisions.

Key Takeaways

• Nifty fell 1.10% to 23,907, breaking below 24,000
• RSI for Nifty at 49.21, indicating weakening momentum
• Bagadia recommends IDBI Bank, Lloyds Enterprises, NMDC, all under ₹100
• Target prices range $0.87‑$1.14, suggesting modest upside
• Investors urged to wait for price confirmation before new positions

Pulse Analysis

The Indian market’s recent slide reflects a confluence of global and domestic pressures. Elevated crude prices, spurred by renewed Middle‑East tensions, have kept inflation expectations high, prompting investors to trim exposure to high‑growth tech names. Consequently, the Nifty breached the 24,000 barrier, closing at 23,907, while the Sensex fell to 76,670, marking three days of consecutive declines. Such a backdrop sets the stage for traders who rely on technical cues to navigate volatility.

Technical metrics reinforce the cautious tone. Bagadia points to a bearish candlestick formation on the daily chart and an RSI of 49.21, just below the neutral 50 mark, suggesting waning buying pressure. Immediate support sits between 23,650 and 23,700, with resistance clustered around 24,050‑24,150. In the derivatives market, call writing at the 24,000‑24,100 strikes and put writing near 23,800‑23,900 highlight where market participants expect price anchoring. For the Bank Nifty, a Doji pattern signals indecision, with support at 55,750‑55,850 and resistance near 56,300‑56,400, implying a neutral outlook pending further momentum.

Amid this uncertainty, Bagadia’s three stock picks offer low‑price opportunities. IDBI Bank trades at ₹76.17 (≈ $0.92) with a target of ₹83.45 (≈ $1.01). Lloyds Enterprises is priced at ₹67.53 (≈ $0.81) aiming for ₹73.90 (≈ $0.89). NMDC sits at ₹89.29 (≈ $1.08) with a target of ₹95.00 (≈ $1.14). All three sit below the ₹100 threshold, presenting modest upside potential if the broader market respects key support zones. However, Bagadia stresses waiting for confirmation—such as a bounce off support or a shift in RSI—before committing capital, underscoring disciplined risk management in a fragile environment.