Expert Recommendations: Top Five Small-Cap Stocks Under ₹100 to Consider Next Week

A Week in Review: The Indian Stock Market

When Wall Street decided to catch its breath, the Indian stock market chose to follow suit. Finishing lower this past Friday, the Nifty 50 shed 30 points, parking right at the 24,677 mark. The BSE Sensex dropped 117 points and settled at 81,648, while the Nifty Bank index slipped 110 points to end at 53,493. Despite this dip, the market indices stayed positive, with an intriguing advance-decline ratio blooming to 1.49:1. Notably, cash market volumes on the NSE saw a slight retreat to ₹1.08 lakh crore.

What Lies Ahead for Nifty?

Now onto the tantalizing streets of the market future. According to Deepak Jasani, the Head of Retail Research at HDFC Securities, the Nifty 50 has crafted a small red candle with a touch of shadow. A mere pause after the thrill of five straight winning days. With Nifty striding past the critical 24,500 hurdle, its dance continues toward the 24,857 to 24,882 band, aiming higher at 25,084. Immediate support is nicely resting at 24,351. New York optimism, anyone?

Om Mehra from SAMCO Securities takes the mic next, highlighting that India’s VIX keeps it cool below 15, signaling a peacekeeping reduction in market fear. As long as 24,500 holds firm, optimism reigns supreme. If Nifty commands 24,700 unequivocally, the sky’s the limit; otherwise, a little nap and consolidation might be in order.

The Intrigues of Bank Nifty

Bank Nifty, resting at 53,509.50, tells its own tale, slipping by 0.18%. Its bright possibility looms large if it crosses 53,900. Failure to sustain might drag it to 52,800. However, the sunny outlook remains if 52,800 doesn’t crack on a closing basis. Cross 53,900 and voila! That’s a cue for buyers to jump back in.

Stock Picks: Small-Cap Bargains Under ₹100

Rolling in with some hot tips, Sugandha Sachdeva and Mahesh M Ojha have their eyes on small caps that say: "Less than ₹100? No problem!"

Just imagine adding Sagility India at ₹37.30 to your profile, with targets stretched up to ₹43.50. Alternatively, pick up "Shree Renuka Sugars" priced at ₹41.30, aiming for ₹46.70. Mahesh M Ojha suggests shots like IFCI at ₹67 with dreams hitting ₹85 or NHPC beginning from ₹82 while gazing at ₹98. Another sweet spot per Ojha? Watch PTC India twirl from ₹44 up toward ₹55.

Could it be the time to double down on uncharted small-cap stocks? The analysts nudge, but with the classic New Yorker’s caution, it’s always safer to chat with certified experts before diving into your investment plans.

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Disclaimer: The views and recommendations are from individual analysts or broking companies and do not reflect the stance of Mint. Always consult with certified professionals before making any investment decisions.