Stocks Under ₹100: Sumeet Bagadia’s Top 3 Picks for 9 June 2025
Man, what a week for the Indian markets! The RBI went ahead and cut repo rates—totally caught everyone off guard—and just like that, the Nifty’s eyeing 25,600 like it’s no big deal. Retail investors? They’re scrambling for bargains, especially those under ₹100 stocks. And guess what? Sumeet Bagadia—yeah, the guy who called the last rally—has three names on his radar: IDFC First Bank, Motherson Sumi Wiring India, and HFCL. Let’s break ’em down.
Why Bother with Stocks Under ₹100?
Look, I get it. Cheap stocks feel like lottery tickets—small bets, big dreams. A ₹5 jump on a ₹50 stock? That’s 10% right there. Feels good, doesn’t it? Plus, you can spread your money around without selling a kidney. But here’s the thing: these stocks can be wild. Thin trading, zero analyst coverage, and mood swings worse than a teenager. You gotta pick smart—which is where Bagadia’s picks come in.
Market Mood: Nifty’s Got Wings
Thanks to the RBI’s rate cut, banks and consumer stocks are partying. And infra? Oh, they’re loving all those government contracts. Inflation’s chill, GDP’s growing—everything’s lining up. Bagadia thinks the Nifty could even hit 26,000 if the global markets play nice. For small investors? This might be your shot at some hidden gems.
Bagadia’s 3 Picks—Under ₹100
1. IDFC First Bank (Price: Under ₹100)
What’s the deal? This bank’s gone full retail—deposits up 25% year-on-year. Last quarter? Profits jumped 18%, and bad loans dipped. Not bad, huh?
Why care? “IDFC’s turning things around,” says Bagadia. Better margins, fewer bad loans, and they’re dumping ₹3,000 crore into digital. Oh, and the stock just broke out of a 6-month slump. Volume’s picking up too.
Targets: ₹105 (quick flip), ₹120 (in a year). Cut losses at ₹88.
2. Motherson Sumi Wiring India (Price: Under ₹100)
What’s the deal? These guys make wiring for cars—Maruti, Tata, even some EV players. Revenue? Up 22% last quarter.
Why care? Bagadia’s betting on auto parts as EVs take off. The stock’s 50-day moving average just crossed the 200-day—that’s a classic buy signal for traders.
Targets: ₹110 in 3–6 months. Bail if it hits ₹85.
3. HFCL (Price: Under ₹100)
What’s the deal? Telecom infrastructure player. Just landed ₹1,200 crore in 5G orders. Also big on fiber optics—BharatNet’s their playground.
Why care? “HFCL’s the underdog in 5G,” says Bagadia. RSI’s at 58, so there’s room before it gets overbought.
Targets: ₹95 (soon), ₹115 by 2026. Stop loss at ₹75.
How to Play These?
Bagadia’s strategy: Buy half now, add 30% if prices dip, keep 20% for when momentum kicks in. And for God’s sake, don’t put more than 5–7% of your portfolio in any one stock. Watch RBI updates, global rates, and earnings like a hawk.
What Could Go Wrong?
War, Fed rate hikes—you know, the usual buzzkills. Company-wise: IDFC’s got some risky loans, Motherson’s supply chain is a mess sometimes, and HFCL might fumble orders. Always. Use. Stop-losses.
Final Word
Bagadia’s picks? Solid fundamentals plus technical triggers. But let’s be real—cheap stocks test your patience. If you’re jumping in, do your homework. Or better yet, talk to someone who knows more than you. No shame in that.
