When a retail trader comes for trading in the stock market then capital is one of the biggest issues. With small capital retailers lose many opportunities of buying good stocks just because the prices of those shares were so high. So, looking at this problem we have brought a list of best stocks under 100. These stocks prices are below Rs. 100 per share. But low price here doesn’t mean low quality. The stock’s price is only below 100 otherwise strength is at its peak.
If you will see the financials of the stocks then you will find a huge growth in the recent years and quarters. Not only financials but even if you see price action then these stocks have a good strength. These are shared just because if you are a beginner with less capital then you can trade easily in good stocks without having any issue of price. So, that’s why the best stocks under 100 Rs are shared.
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So, without wasting more time let’s start studying the 5 best stocks under 100 Rs right now.
Equitas Small Finance Bank :
The bank’s focus customer segments include individuals with limited access to formal financing channels on account of their informal, variable and cash-based income profile. The bank offers a range of financial products and services that address the specific requirements of these customer segments by taking into account their income profile, nature of business and type of security available.
This is the first stock in our watchlist in Alphabetical order under ₹100. This stock doubled its investors money in just 6 months from FEB 23 to Aug 23. Also if you will see its financials then those are very attractive. This stock has the potential to give big returns. It reclaimed 200-DEMA (Blue line) in October last year. After that it never looked back and continuously traded above that. It did not even touch its 200 Day Exponential Moving Average (DEMA).
After a move it retraced back and consolidated near 50-DEMA (red line). But recently in September end it reclaimed its 50-DEMA and in October the first week gave a breakout of its consolidation when it crossed ₹91 with volume. Now it is retesting its breakout and good to focus there. The next major resistance for the stock is ₹100 and if that crosses then the stock will show you big levels. So, this is the first best stock under 100 Rs. Keep focused on.
Jain Irrigation :
The company and its subsidiaries (collectively referred to as ‘Group’) are engaged in providing solutions in agriculture, piping, infrastructure through manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Equipment business, Financial Services and other agricultural inputs since many years.
This is the other best stock under 100 Rs you have. This is another stock which has doubled the money of its investors in the recent rally. When it crossed ₹43 then after that it gave a big move of 60% in just one month. This shows how strong this stock is. Even its financials are growing exceptionally well. It reclaimed its 200-DEMA (blue line) in March end and after that it started its rally after which it never closed even below 50-DEMA (Red Line). This is a sign of strong stock.
But after a big move it went into a consolidation and profit booking zone which is not an issue. But in October beginning it is giving a breakout of that consolidation which is the reason to put this stock in the list of best stocks under 100. When it crossed 64 then this stock gave a breakout for aggressive traders. You can focus on it here. Swing trade can also be taken here for the target of 68.50. Defensive traders can focus on it once it crosses ₹69 with volume and sustain.
Paisalo Digital :
S.E. Investments Ltd. has focused on Microfinance and works with low-income families to provide financial solutions. It is also in the business of providing term loan and working capital support to traders and medium sized enterprises. S.E Investments work in the area of renewable energy by way of producing wind energy.
Paisalo Digital has not given any moves till now. So, you can think then why this stock is put in the list. Well if the stock doesn’t perform then it doesn’t mean that it can’t perform in future. If you look at its pattern and financials then you will run behind this stock. This stock made bottom in July and then reclaimed its 200-DEMA (blue line). After reclaiming it broke 200-DEMA again and put out the weak hands and reclaimed again.
With the 2nd reclaim it started showing some strength but wasn’t able to sustain due to the market weakness in September. But as the market started stabilising it also showed strength. It gave a breakout of trendline resistance when it crossed ₹65 with volume. But every trader doesn’t work in one trendline breakout. So, this stock has the immediate resistance of ₹70.65. If the stock goes above that then this can be the multibagger from here. So, focus on this stock also if you want the best stocks under 100 Rs.
Vascon Engineer :
The company commenced operations primarily as an EPC services company in 1986. However, in the past few years the Company has diversified into real estate development, including owning and operating selected projects directly or indirectly through the Subsidiaries and the Other Development Entities.
You might have not heard the name of this stock. But name doesn’t matter we should focus on the trade and profit whichever the stock is. This is also a very micro cap stock which is in momentum. It has given 150% returns in the current rally of the market and never closed below 50-DEMA in the whole rally. Even it closed only one time below 20-DEMA which shows how strong momentum the stock has. This momentum is the reason that this stock is in our watchlist.
If we talk about the levels then this stock has already given breakout when it crossed ₹63 with volume. Right now it is far away from its buying levels. But once it comes to retest the breakout level with low volume then we should focus on it. If it does not come then it should consolidate here after making a range and when the breakout of that range occurs then we should focus on. Even if this stock is available at 20-DEMA (Green Line) first time after this move then it will be very attractive there. So, this is the 2nd last stock of the list of best stocks under 100 Rs.
UCO Bank :
It provides several products and services in personal banking such as deposit, saving, personal loans, educational loans, car loans, RTGS, debit card, etc. It also offers products and services to NRI Clients such as FCNR accounts, remittance services, etc. It also provides working capital finance, term loans, loans against securities issued by government/RBI, short term loan for pensioners, etc. It also offers services to agricultural and SME sectors.
Last but not least is UCO bank. This is a PSU bank and we should not tell you how strongly PSU banks are performing right now. This stock has almost given 4X returns in just one year and is still showing strength. This stock is available at a very low price which means that even if you have low capital then also you can have good quantity in it. Low price here doesn’t mean that we compromised with the quality. Its fundamental growth is exceptional and very attractive too.
If we talk about the levels then recently the stock gave a breakout of the cup with handle when it crossed ₹37.30 with volume. After that it gave a good move of more than 20%. Now after that move it is consolidating which is the part of the game. During consolidation if it is available near 20-DEMA (green line) then the stock will be very attractive. A fresh breakout in the stock will come once it crosses ₹45 for swing and ₹47 for positional trading. So, this is one of the strong stocks and sectors of the list of best stocks under 100 Rs.
Conclusion :
So, these are the top best stocks under 100 Rs for positional/swing trading. There are a lot of more stocks which are showing strength. But we can’t share all of them in the blog post. But one thing you need to remember here is don’t go blindly with the title of the post. Here buy doesn’t mean that you have to buy it right now or you need to buy it all. These stocks are provided just to enhance your knowledge. You need to do your study and only go with those stocks which suit your strategy.
These stocks are shared because they show some potential. But it doesn’t mean that all stocks will perform. In every stock maintain Stop Loss and Target according to your strategy. The list shared above for the strength stocks which we found best for you. But it doesn’t mean that these are the only 5 best stocks under 100 Rs in the stock market. You can find more on your own. And it is also not compulsory that these will perform and give you big returns.
Right now the market is in a bit of confusion so we trade cautiously. Saving the capital is also as important as trading or investing at the right time. So, if the stock shared above or the market shows some weakness then you should act accordingly and exit without big loss is very important. But the market is showing some reversal sign so if that happens then these stocks can give you good returns in the coming period. So, keep tabs on these.
Learn More :
Other than these stocks, the stocks which we shared in September, August, July, June and May are also very important and you should focus on them also because those stocks are still showing strength. But all are not showing strength. But from 30 stocks more than 20 are still in focus. So, if you study those then you will have more than 25 focus stocks. For your reference we will provide the link below.
- 5 best stocks for trading in June month
- 5 best stocks for trading in July month
- 5 best stocks for trading in August month
- 5 best stocks for trading in September month
- 10 best shares to buy today !
- Best stocks to buy today in October
Thank you for reading Buffett Money’s guide on the best stocks under 100 Rs. To keep learning and developing your knowledge of financial analysis, we highly recommend the additional resources below:
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This is all for information and education purpose. Best here doesn’t mean that you have to buy these all today. Research yourself or ask your financial advisor before any investing decision.
Thank You
Happy Investing
Suggestion are good. It helps small investors a lot. After reviewing financial details investors can decide