3 Stocks Under ₹100 That Might Actually Be Worth Your Money
Let’s be real—everyone loves the idea of finding that one cheap stock that suddenly blows up. You know, the kind that turns your modest investment into something that actually matters. And when market experts like Sumeet Bagadia point to specific names—HFCL, IFCI, and SJVN in this case—it’s hard not to get curious. But here’s the thing: are these legit opportunities or just another case of “too good to be true”? Let’s break it down like we’re chatting at a chai stall.
Why Bother With Stocks Under ₹100 Anyway?
Look, I get it. When you’re working with limited capital, these stocks feel like low-risk tickets to big gains. And sometimes they are—I’ve seen folks turn ₹10,000 into ₹50,000 with the right pick. But here’s what no one tells you upfront: these stocks move like crazy. One day they’re up 10%, next day they’re down 15%. And if you’re not careful? Good luck selling when barely anyone’s trading them. The trick isn’t avoiding them—it’s picking the ones that won’t disappear on you.
The 3 Stocks This Expert Is Betting On
So Bagadia—who’s been around long enough to know his stuff—thinks these three have real potential. Let me walk you through them, warts and all.
1. HFCL: Riding the 5G Wave (Maybe)
What they do: Basically, they make stuff for telecom companies—fiber cables, equipment, that kind of thing. With 5G finally happening here, they could get a nice boost.
Recent action: It’s been bouncing between ₹70-85 for months. Not exciting, but last couple weeks? Volume’s picking up. Could mean something, could mean nothing.
Why it might work: Government’s pushing broadband hard, and HFCL’s got contracts. They’re even dabbling in defense comms now—always a good look.
What could go wrong: Big boys like Sterlite Tech could eat their lunch. And if 5G rollout stumbles? Forget about it.
Bagadia’s take: Thinks ₹95-105 is possible if the stars align.
2. IFCI: The Comeback Kid?
What they do: Government-backed lender for infrastructure projects. Was a mess with bad loans, but cleaning up now.
Recent action: Stuck at ₹12-18 forever, but financials are improving. Starting to look… interesting?
Why it might work: India’s going big on infrastructure, right? More projects = more loans = more money for IFCI. Plus, borrowing costs are down.
What could go wrong: That debt pile still looks scary. One economic slowdown and—poof—there goes your investment.
Bagadia’s take: Sees it hitting ₹22-25 in a year if nothing breaks.
3. SJVN: The Quiet Performer
What they do: Mini-ratna PSU into hydropower and renewables. Mostly operates up north.
Recent action: From ₹30 to ₹50 in a year? Not bad at all. Solar and hydro projects are finally getting attention.
Why it might work: Government’s all-in on green energy, and SJVN’s right in that sweet spot. New project approvals coming through too.
What could go wrong: Power sector’s always got funding issues. And these projects? They take forever to actually finish.
Bagadia’s take: ₹65-70 possible if they deliver on time.
How To Not Get Burned By Cheap Stocks
Before you jump in, do these things—trust me, I learned the hard way:
- Check the books: Too much debt? No profits? Walk away.
- What’s the sector doing? Even the best company struggles in a dying industry.
- Who’s running the show? Good management can save a bad company, bad management can ruin a good one.
- Is it actually cheap? Compare P/E ratios—sometimes “low price” just means “bad company.”
- Can you get out? If average volume’s under 50,000 shares daily, think twice.
The Dark Side of Penny Stocks
I’m not saying don’t invest—just know what you’re signing up for:
- They swing wild: Your ₹10 stock becomes ₹7 before lunch.
- Liquidity traps: Ever tried selling something no one wants to buy?
- Pump and dump: Telegram groups love these stocks for all the wrong reasons.
- No analyst coverage: You’re often flying blind with limited info.
Final Thoughts
HFCL, IFCI, SJVN—they’ve got potential, sure. But potential doesn’t pay the bills. Do your homework, maybe start small, and for god’s sake don’t put your emergency fund into these. And if you’re feeling lost? There’s no shame in talking to a financial advisor. Better to pay for advice than pay for mistakes.
Where To Look Next
- Bagadia’s full interview (if you can find it)
- Screener.in – Because numbers don’t lie
- Moneycontrol forums – For the gossip (take with a bucket of salt)
Source: Livemint – Markets