If you’re an intraday trader seeking opportunities under the price point of 100, finding the right stocks to maximize returns is crucial. Below, we have compiled a list of the top 10 stocks to buy tomorrow for intraday trading that are priced under 100. These stocks are known for their volatility, volume, and price movement, making them ideal candidates for quick buy-sell strategies.
Bank of Baroda (BOB)
Bank of Baroda is one of India’s leading public sector banks. It consistently shows strong price movement, liquidity, and volatility, making it an excellent choice for intraday traders. With a stock price under 100, Bank of Baroda is a favorite for traders looking to capitalize on quick trades. The stock is known to move in both directions, allowing both long and short opportunities.
- Sector: Banking
- Current Price: Under 100
- Volatility: High
- Liquidity: High
Tata Motors DVR
Tata Motors DVR is another stock that fits well into the list of stocks under 100 for intraday trading. Being a part of the Tata Motors group, this stock exhibits high daily movement, which is essential for an intraday trader. The stock is closely linked to the auto sector’s performance, and news in this sector often impacts its price.
- Sector: Automobile
- Current Price: Under 100
- Volatility: High
- Liquidity: High
Indian Oil Corporation (IOC)
Indian Oil Corporation is a leading player in India’s oil and gas industry. IOC’s stock price regularly fluctuates within a range, providing traders with sufficient opportunities for quick buy-sell trades. The stock’s volume is generally high, and the stock price has remained below the 100 mark, making it an attractive pick for intraday trading.
- Sector: Oil & Gas
- Current Price: Under 100
- Volatility: Medium
- Liquidity: High
Steel Authority of India Ltd (SAIL)
Steel Authority of India Ltd, also known as SAIL, is a major player in the steel industry. The stock sees significant daily price movements, which makes it suitable for intraday traders. With a price consistently under 100, SAIL offers good opportunities to profit from intraday volatility.
- Sector: Steel
- Current Price: Under 100
- Volatility: High
- Liquidity: High
Punjab National Bank (PNB)
Punjab National Bank is another prominent public sector bank in India with a stock price that generally hovers below the 100 mark. PNB’s stock provides ample opportunities for quick intraday trades due to its volatility and trading volume. As a part of the financial sector, the stock’s price fluctuates significantly based on market conditions.
- Sector: Banking
- Current Price: Under 100
- Volatility: High
- Liquidity: High
Canara Bank
Canara Bank is another public sector banking stock that can be considered for intraday trading. Its stock price moves frequently in short time spans, providing intraday traders with many opportunities to trade profitably. The banking sector’s performance significantly impacts this stock, and its pricing makes it a good option for those looking for stocks under 100.
- Sector: Banking
- Current Price: Under 100
- Volatility: Medium to High
- Liquidity: High
UCO Bank
UCO Bank is a public sector bank that often flies under the radar but offers excellent volatility for intraday trading. Its stock price remains under 100, making it an affordable yet lucrative stock for traders looking to benefit from short-term price fluctuations. The banking sector’s overall performance influences this stock’s movement, and its liquidity supports intraday trading strategies.
- Sector: Banking
- Current Price: Under 100
- Volatility: Medium
- Liquidity: Medium
IDFC First Bank
IDFC First Bank is known for its consistent price action and liquidity in the stock market. It’s a popular stock among intraday traders due to its price volatility, and with a stock price under 100, it provides a good entry point for traders looking to capitalize on short-term movements.
- Sector: Banking
- Current Price: Under 100
- Volatility: Medium
- Liquidity: High
Jaiprakash Associates (JP Associates)
JP Associates is a key player in the construction and engineering sectors, offering frequent price movements that intraday traders seek. It’s priced below 100 and has high volatility, making it an attractive stock for those aiming to profit from rapid buy-and-sell trades. This stock often reacts to news from the construction industry, giving traders many opportunities to enter and exit positions.
- Sector: Construction & Engineering
- Current Price: Under 100
- Volatility: High
- Liquidity: Medium
NHPC Ltd
NHPC Ltd, a government-owned company in the hydropower sector, is a good candidate for intraday trading due to its steady movement in the stock market. The stock is priced under 100, making it an affordable yet volatile stock to trade. NHPC’s price action is often influenced by news and updates within the power sector.
- Sector: Power
- Current Price: Under 100
- Volatility: Medium
- Liquidity: High
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When it comes to intraday trading, finding stocks that are priced affordably yet offer significant price movements is essential. The above-mentioned stocks, all under 100, provide a range of options for traders looking for high volatility, liquidity, and price action. Each of these stocks represents different sectors of the market, giving traders diversity in their portfolio and exposure to various market movements. While these stocks are suitable for short-term trades, it’s always essential to stay updated on market news and trends before making any investment decisions.