Shares Below Rs 100:On a day when the stock market was in the red, some cheap stocks trading below Rs 100 caught everyone off guard by reaching their upper circuit limits. Even though the market was feeling bearish, these stocks drew heavy buying, with only buyers in view and no sellers to be found.
What’s behind this sudden interest in cheap stocks? Let’s dig into it.
Market Overview: A Rough Day for Most Stocks
Shares below Rs 100: What’s Behind Their Sudden Popularity Today?
On a day when the stock market took a dive, some cheap stocks trading under Rs 100 caught everyone off guard by reaching their upper circuit limits. Even with the gloomy mood in the market, these stocks drew in lots of buyers, with only people wanting to buy and no one looking to sell.
What’s driving this unexpected buzz around low-cost stocks? Let’s dig into it.
Market Snapshot: A Rough Day for Most Stocks
The Indian stock markets had a rough day on Monday, January 6, 2025. The BSE Sensex went down by 1.59% to 77,965, and the NSE Nifty-50 fell 1.62% to 23,616. Among all the shares traded on the BSE, 656 went up, while 3,474 went down, and 114 stayed the same.
The wider markets also felt the impact, with the BSE Mid-Cap Index dropping 2.44% and the BSE Small-Cap Index falling 3.17%. Most sectors ended up in negative territory, with indices such as BSE Services, Metals, Oil & Gas, and Realty each declining more than 3%.
Yet, some cheap stocks bucked the trend showing toughness and climbing.
Key Stocks Under Rs 100 Grab Attention
These stocks priced below Rs 100 caught the eye today:
- Stock A: Hit the 10% upper limit at Rs 85, as buyers showed keen interest.
- Stock B: Climbed 7% to Rs 72, thanks to good company news.
- Stock C: Went up 6% to Rs 62, after earnings beat expectations.
Small investors paid a lot of attention to these stocks, which held their ground even as the market fell.
Why Are These Stocks Attracting Buyers?
- Affordable Prices: Shares below Rs 100 allow retail investors to buy more shares making them attractive.
- Growth Potential: Many cheap stocks come from companies with promising futures drawing in investors for the long haul.
- Speculative Interest: In volatile markets, traders often eye these stocks to make quick profits in the short term.
- Strong Volume Activity: High trading volumes in these stocks show strong demand and investor trust.
Key Market Data
Even with the market’s overall drop Indian stocks stay robust. As of January 6, 2025, the market value of companies listed on the BSE reached about Rs 4.38 lakh crore (USD 5.11 trillion).
, 176 stocks reached their 52-week peaks, while 113 hit their 52-week bottoms indicating varied patterns.
How to Find Winning Stocks Under Rs 100?
If you’re thinking about putting money into cheap stocks here are some pointers:
- Do Your Homework: Check out the company’s money situation and how much it might grow.
- Look at Trading Numbers: Lots of buying and selling often means people are interested.
- Keep an Eye Out: Good news or changes can give these stocks a boost.
- Be Careful: These stocks can be tricky so only put in money you’re okay with losing.
To make buying stocks easier, take a look at places like Angel One, which can help you spot possible winners in the stock market.
Last Thought
Even when the market was having a tough day, stocks under Rs 100 were a bright spot. Their locked upper limits show that investors are interested and these stocks might grow a lot.
If you want to put your money somewhere, watch these stocks. They look promising but remember to be smart about where you put your cash and stay up to date on what could go wrong.
Shares Below Rs 100
Best stocks to buy under Rs 100