Top Stock Picks Under ₹100 Amid Market Volatility
Stocks to buy under ₹100: Sumeet Bagadia recommends three stocks to buy on Monday - 11 May 2026
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Sumeet Bagadia, Executive Director at Choice Broking, has identified three stocks to buy under ₹100: Morepen Laboratories, Yes Bank, and Trident. This recommendation comes as Indian equities face selling pressure due to geopolitical tensions, with the Nifty 50 and Bank Nifty indices both declining significantly on May 8, 2026.
- 01Nifty 50 closed at 24,176.15, down 0.62% on May 8.
- 02Bank Nifty fell 1.31% to close at 55,310.55.
- 03Bagadia recommends Morepen Laboratories, Yes Bank, and Trident as stocks to buy.
- 04Immediate support for Nifty 50 is between 24,000 and 24,080.
- 05Investors are advised to wait for stability before making new positions.
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On May 8, 2026, the Indian stock market faced significant selling pressure, with the Nifty 50 index closing at 24,176.15, down 0.62%. The Bank Nifty also saw a decline of 1.31%, closing at 55,310.55. This downturn was attributed to escalating geopolitical tensions, particularly clashes between Iran and the US near the Strait of Hormuz. Sumeet Bagadia, Executive Director at Choice Broking, noted that the Nifty 50 is experiencing bearish momentum, with immediate support levels between 24,000 and 24,080. He recommended three stocks under ₹100 for investors: Morepen Laboratories at ₹45.64 with a target price of ₹50, Yes Bank at ₹22.95 with a target of ₹25, and Trident at ₹26.54 with a target of ₹28.50. Investors are advised to remain cautious and wait for market stability before making new investments.
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Investors may experience increased volatility, affecting investment decisions and market confidence as geopolitical tensions persist.
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