Top 5 Stocks Under ₹100 with Potential Upside: Insights from Angel One
NMDC, HCC among 5 stocks to buy below ₹100 for up to 23% upside: Angel One
Business Standard
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Rajesh Bhosale, a technical analyst at Angel One, recommends five stocks priced below ₹100, including NMDC and HCC, which could see up to 23% upside based on recent technical analysis. The stocks have shown positive momentum and breakout patterns, making them attractive for investors.
- 01Rajesh Bhosale recommends five stocks under ₹100 with strong upside potential.
- 02NMDC and HCC are highlighted for their recent breakout patterns.
- 03NHPC shows a potential upside of 9.4%.
- 04HCC could rise by 23%, targeting ₹29.
- 05South Indian Bank and Lloyd Engineering also present solid investment opportunities.
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Rajesh Bhosale, a technical analyst at Angel One, has identified five stocks trading below ₹100 that are poised for potential gains. These stocks include NHPC, NMDC, HCC, South Indian Bank, and Lloyd Engineering, all of which have shown positive technical indicators. NHPC, closing at ₹83.17, is expected to rise by 9.4% with a target of ₹91. NMDC, currently at ₹88.83, has surpassed previous highs and is projected to reach ₹100, indicating a 12.5% upside. HCC, which has rallied to ₹23.58, could see a significant 23% increase, targeting ₹29. South Indian Bank, at ₹40.95, shows potential for a 12.3% rise to ₹46, while Lloyd Engineering, closing at ₹59.54, is expected to reach ₹66. Bhosale recommends buying on dips for these stocks, emphasizing the importance of stop-loss orders to manage risk.
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Investors looking for stocks under ₹100 can consider these recommendations to potentially enhance their investment portfolios.
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