Sumeet Bagadia Picks 3 Stocks Under ₹100 for Monday, August 11
DEEPANSHU SHARMA
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Nifty 50 ended last week at 24,363, breaking 24,400 support, marking its sixth consecutive week of decline amid global tensions, tariff concerns, and earnings pressure
US President Donald Trump’s tariff measures, persistent foreign capital outflow, and mixed corporate earnings kept the benchmark index under pressure, trading between 24,337 and 24,736 last week
This week, market focus shifts to Trump–Putin meeting, India and US inflation numbers, and foreign capital flow trends, which could determine short-term market sentiment direction
Sumeet Bagadia sees sentiment weak below 24,500, with key support at 24,000 and resistance at 24,550, advising cautious trading in the current uncertain market environment
Pick #1 – Jay Bharat MarutiBuy at ₹90.44 for a target of ₹98, keeping stop loss at ₹87, suggests Bagadia, citing strong technical support and potential near-term breakout
Pick #2 – Visaka IndustriesEntry at ₹90.64 with a target price of ₹97 and stop loss at ₹87.5, supported by improving momentum and favorable chart patterns for gains
Pick #3 – Jayaswal Neco IndustriesBuy at ₹53.39 targeting ₹58, with a stop loss at ₹51.5, riding on steady demand and positive sentiment in the metals and manufacturing sector