Stocks under 100 rupees – Market expert and Executive Director at Choice Broking Mr. Sumeet Bagadia recommends 3 powerful stocks under ₹100 to watch on Monday, 2 June 2025 includes Reliance Power, Fiberweb, and MMTC.
Stock Market Update: Sensex and Nifty End Lower on Friday
On Friday, 30 May 2025, the Indian stock market close lower in the red, influenced by mixed global signals.
- The Sensex declined by 182 points which is -0.22% to close at level 81,451.01
- The Nifty 50 also drop by 83 points which is -0.33% at 24,750.70
This decline came on the first day of the June month in Futures & Options segment series, and it also marked the second consecutive weekly loss for the India’s top benchmark indices.
Also note this, after short term dip, the Nifty 50 has gained nearly 2% in May and continuing its winning streak for the third straight month. However, with valuations running high and no strong triggers in sight and now the market is ready to next move after this long consolidation.
Also Read: IRFC vs RVNL: Which Railway Stocks to Buy for Long-term?
Market View Recommendations by Sumeet Bagadia
Sumeet Bagadia, The Executive Director at Choice Broking, Strongly believes that the Indian stock market still perform in positive outlook.
Bagadia said
“The Nifty is currently facing strong resistance near the 25,000 level but If the index breaks and successfully sustains above this level, we could see a rally towards 25,400 but in The downside, there’s important support at 24,500”
Stocks Under 100 Rupees – Recommended by Sumeet Bagadia
Bagadia recommends to buy this 3 stocks on Monday, 2 June 2025. These stocks are trading below 100 rupees level
1. Reliance Power
Reliance Power is showing great positive momentum and has, as we can see, a bullish breakout on the charts. If it stays above 56 mark, it could move toward 62 soon.
| Buy Price | Stop Loss | Target |
| 58.10 | 56.00 | 62.00 |
2. Fiberweb (India)
Fiberweb has bounced back after a short correction and is now forming higher highs.
| Buy Price | Stop Loss | Target |
| 51.60 | 49.50 | 55.50 |
3. MMTC
MMTC shares recently gave a breakout after a long consolidation phase, and now buying volume is rising. Also chart setup is bullish, so if the stock holds above 83, a rally up to 93 is possible.
| Buy Price | Stop Loss | Target |
| 85.70 | 82.50 | 93.00 |
Also Read: 15 Best Long Term Stocks to Buy: Brokerage Recommended These Stock With Target Price
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