LiveMint reported that Sumeet Bagadia, executive director at Choice Broking, named three Indian stocks with reported entry prices below ₹100.
The outlet listed Lloyds Engineering Works Limited at an entry price of ₹89.25, with a ₹98 target and ₹85 stop-loss; Niva Bupa Health Insurance Company Limited at ₹78.77, with an ₹86 target and ₹75 stop-loss; and Vedanta Power Limited at ₹34.92, with a ₹38.50 target and ₹33 stop-loss.
The reported entry prices also matched the shares’ Nov. 13 closing levels in available market data. EconoTimes has previously covered Bajaj Broking’s Diwali picks alongside LiveMint’s November stock list.
The National Stock Exchange of India (NSE) recorded a 25,144.30 close for the Nifty 50 on Nov. 13, down 155.05 points, or 0.61%; the index ranged from 25,054.40 to 25,246.35. LiveMint said Bagadia’s positive near-term view depended on the index staying above 25,000, assigning support to 25,000 to 25,080 and resistance to 25,250 to 25,400.
India’s provisional consumer price inflation rate rose to 6.09% year over year in October from 5.54% in September, while food inflation increased to 8.94% from 7.74%, the Ministry of Statistics and Programme Implementation (MoSPI) said. The Reserve Bank of India (RBI) targets 4% inflation, with a tolerance band of 2% to 6% through March 31, 2031. Its framework defines a failure as average inflation above 6% or below 2% for three consecutive quarters, so the October monthly reading alone did not meet that test.
MoSPI scheduled the November CPI release for Dec. 14, or the next working day if that date is a holiday.
