India’s stock markets saw a modest bounce heading into the second week of July, with small- and mid-cap counters showing signs of life after a bumpy ride. Amidst that, analysts have zeroed in on six budget-friendly stocks — all trading under ₹100 — which they believe could deliver short-term gains or offer promising entry points for risk-tolerant retail investors.
The Nifty 50 ended Friday’s session up by 55 points at 25,461, and while volumes were somewhat muted, technical experts say signs are pointing toward continued strength — at least for now.
Market Stabilizes After Volatile Week
After two rough sessions that left many investors jittery, Indian equities snapped back with a quiet but firm recovery on Friday. Buying interest in beaten-down counters led to a reversal by the end of the day.
The BSE Sensex rose 193 points to close at 83,432, while the Bank Nifty posted a healthy 239-point gain to end at 57,031. It wasn’t exactly fireworks, but enough to nudge some optimism back into the market.
“The index bounced off the 25,330 zone and closed near 25,450. This suggests the bias has improved, and the stage could be set for a rally toward 25,700 and possibly even 26,200,” said Shiju Kuthupalakkal from Prabhudas Lilladher.
One-sentence buffer for flow.
Banking stocks especially helped anchor the recovery. “If Bank Nifty crosses 57,600 decisively, we might see a move toward 58,500 or even 60,000 in the coming sessions,” Kuthupalakkal added.
Six Stocks Experts Are Betting On — All Under ₹100
There’s a certain thrill in finding a stock priced like a street snack with potential for festival-size returns. And that’s exactly what analysts say these six counters offer — low entry price, potential for sharp upside, and technical strength to back it up.
Below are the names and targets analysts shared for Monday’s session:
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PC Jeweller — Buy at ₹16.69, Target ₹18.18, Stop Loss ₹16
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Surya Lakshmi Cotton Mills — Buy at ₹77.54, Target ₹83, Stop Loss ₹74.60
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Salasar Techno Engineering — Strong near ₹93-₹95
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Trident — At ₹41 levels, has support and accumulation
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Aditya Birla Fashion and Retail Ltd (ABFRL) — Accumulate near ₹94, target ₹99
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Bank of Maharashtra — Tradeable near ₹54 with strong delivery volumes
Each of these names, analysts argue, combines affordability with momentum — and in some cases, improving fundamentals too.
Why These Names? Analysts Break Down the Picks
Take PC Jeweller, for instance. It’s seen a volatile journey in recent years but is now attracting fresh technical attention.
“PC Jeweller has shown good consolidation at lower levels. The support at ₹16 is holding well. A break above ₹17 could trigger short-covering,” said Sumeet Bagadia, Executive Director at Choice Broking.
Surya Lakshmi Cotton Mills, meanwhile, is trading just below ₹80 but has been grinding upward over recent sessions.
“Volume activity is increasing, and we’ve seen some delivery-based buying — not just speculative intraday trades,” Bagadia noted.
Then there’s Trident, a textile-to-paper group with strong brand recall but often overlooked due to its penny stock vibe. Yet, analysts say Trident is quietly gaining ground. “If it holds above ₹40, we could see a swift move to ₹44-₹45,” said Mehul Kothari of Anand Rathi.
Just one line to keep the flow.
On the public sector front, Bank of Maharashtra has been moving with strong delivery percentages and high trading volumes, which usually means something is brewing.
Broader Trends Help Build The Case
Aside from technical signals, there’s some macro logic too.
The Indian midcap and smallcap universe has come under intense pressure over the past month. But after sharp sell-offs, some names are showing signs of base building. And historically, when the Nifty consolidates, these lower-tier stocks tend to outperform during recovery phases.
Also, with RBI policy remaining stable and global uncertainty cooling slightly after weeks of geopolitical noise, local investors are inching back into action.
Here’s how some of these stocks compare in terms of key current data:
| Stock Name | Current Price (₹) | Target Price (₹) | Analyst/Institution |
|---|---|---|---|
| PC Jeweller | 16.69 | 18.18 | Sumeet Bagadia – Choice Broking |
| Surya Lakshmi Cotton Mills | 77.54 | 83 | Sumeet Bagadia – Choice Broking |
| Salasar Techno Engineering | ~93 | 98–100 zone | Vaishali Parekh – PL |
| Trident | 41 | 44–45 | Mehul Kothari – Anand Rathi |
| ABFRL | 94 | 99 | Sugandha Sachdeva – SS WealthStreet |
| Bank of Maharashtra | 54 | 58 | Sugandha Sachdeva – SS WealthStreet |
Investors Should Still Tread Carefully
While these stocks are inexpensive, they’re also volatile. “Don’t treat these like fixed deposits. Keep strict stop-losses and watch volume trends,” said Parekh from Prabhudas Lilladher.
Retail traders, especially those new to the game, are often tempted by low-priced stocks. But experts remind them to evaluate the fundamentals, not just the ticker price.
And it’s worth noting that many of these companies operate in cyclical sectors — textiles, engineering, PSU banking — where rallies can fizzle quickly without macro support.
Still, if you’re okay with risk and ready to monitor positions actively, some of these stocks might offer that sweet spot between thrill and opportunity.
One-liner for rhythm.
The Nifty 50 may still have some distance to cover before scaling new highs, but under-the-radar stocks like these could quietly do the heavy lifting in the background.
