From mint · Asit Manohar · · 1m 50s
Best 3 stocks under ₹100 to buy
Anand Rathi recommends Equitas SFB, UCO Bank, and Suzlon Energy for under ₹100 buys with targets and stop-losses.
In brief
Anand Rathi recommends Equitas SFB, UCO Bank, and Suzlon Energy for under ₹100 buys with targets and stop-losses. Anand Rathi recommends Equitas Small Finance Bank, UCO Bank, and Suzlon Energy as stocks under ₹100 with specific targets and stop-loss levels. Originally reported by mint.
Market rally
The Indian stock market recorded its strongest weekly gains in nearly six months for the week ended October 16, 2026, with the Sensex rising 3.11% to 74,729 and the Nifty 50 index gaining 2.
Nifty IT surge
The Nifty IT index surged 11.7% in its biggest weekly gain in nearly 18 years, supported by strong Q2 results 2026 and a global rotation towards traditional technology stocks.
Market triggers
A stronger Indian Rupee, softer crude oil prices, domestic institutional buying and optimism around a potential India-US trade deal supported sentiment.
Nifty 50 recovery
The Nifty 50 index rallied nearly 1,000 points from its recent low of around 22,150 to a high near 23,150, validating the 'Triple Bullish Divergence' on RSI.
Nifty 50 outlook
With selling pressure easing and momentum improving, Anand Rathi maintains a 'buy on dips' stance with crucial support at 22,600 and target at 23,200.
Bank Nifty outlook
The Bank Nifty index gained over 1% during the week, with support at 55,200, 54,700 and target at 57,000 for further upside.
Stock recommendations
Anand Rathi recommends Equitas Small Finance Bank, UCO Bank, and Suzlon Energy as stocks under ₹100 with specific targets and stop-loss levels.
Equitas Small Finance Bank
Buy at ₹70.50 | Target ₹75 | Stop Loss ₹67.
UCO Bank
Buy at ₹23.75 | Target ₹26 | Stop Loss ₹22.
Suzlon Energy
Buy at ₹42 | Target ₹46 | Stop Loss ₹38.
The headline
Anand Rathi recommends Equitas Small Finance Bank, UCO Bank, and Suzlon Energy as stocks under ₹100 with specific targets and stop-loss levels.
