Intraday Stocks for Today Under ₹100: Experts Recommend These Four Shares to Buy or Sell on Wednesday – 12 February 2025
Intraday Stocks : The Indian stock market remained under pressure for the fifth consecutive session on Tuesday, weighed down by weak global cues, investor concerns over potential tax hikes on financial securities, and margin calls on leveraged positions. The Nifty 50 index plummeted 309 points to close at 23,071, while the BSE Sensex tumbled over 1,000 points, settling at 76,293. The Bank Nifty also took a hit, dropping 577 points to end at 49,403.
Mid-cap and small-cap stocks bore the brunt of the decline, with the Nifty Mid-cap 100 index falling over 3%—its lowest close since June 2024. The Nifty Small-cap 100 index nosedived 3.5%, marking its worst level since late January. Market breadth deteriorated sharply, with the advance-decline ratio on the BSE plunging to 0.15—the lowest since the June 4 election results.
Stock Market Today: Expert Insights
According to Siddhartha Khemka, Head of Research at Motilal Oswal Wealth Management, the 25% tariff on steel and 10% tariff on aluminium imposed by the US have spooked global investors. Additionally, Trump’s proposed reciprocal tariffs are fueling uncertainty. As India considers retaliatory surcharges on over 30 items, all eyes are on Prime Minister Modi’s two-day US visit starting Wednesday (February 12), which could play a crucial role in shaping trade policies and investor sentiment.
Devarsh Vakil, Head of Prime Research at HDFC Securities, stated that the Nifty 50 index remains weak, trading below its 5, 11, and 20-day exponential moving averages (DEMA). The previous support level of 23,222 now acts as resistance, while immediate support is placed at 22,976 and 22,800.
For Bank Nifty, Hrishikesh Yedve, AVP Technical & Derivatives Research at Asit C. Mehta, noted that the index has breached its critical support zone of 49,650-49,700, turning 49,700 into an immediate resistance level. The next key support level is at 48,900.
Intraday Stocks for Today Under ₹100
For traders looking for intraday opportunities, top market experts—Sumeet Bagadia (Choice Broking), Sugandha Sachdeva (SS WealthStreet), and Anshul Jain (Lakshmishree Investment & Securities)—have recommended four stocks under ₹100 for today’s session.
Sumeet Bagadia’s Stock Picks
✅ Medico Remedies (Buy)
- Entry Price: ₹69.93
- Target Price: ₹75
- Stop Loss: ₹67.50
✅ Shree Rama Newsprint (Buy)
- Entry Price: ₹20.28
- Target Price: ₹21.80
- Stop Loss: ₹19.50
Sugandha Sachdeva’s Sell Recommendation
🚨 IFCI (Sell)
- Entry Price: ₹49.30
- Target Price: ₹47
- Stop Loss: ₹50.50
Anshul Jain’s Stock Pick
✅ PNB (Buy)
- Entry Price: ₹95
- Target Price: ₹100
- Stop Loss: ₹93
Financial Ratios of Recommended Stocks
| Stock Name | CMP (₹) | Target (₹) | Stop Loss (₹) | P/E Ratio | P/B Ratio | ROE (%) | Debt/Equity Ratio |
|---|---|---|---|---|---|---|---|
| Medico Remedies | 69.93 | 75 | 67.50 | 18.2 | 2.5 | 12.3 | 0.35 |
| Shree Rama Newsprint | 20.28 | 21.80 | 19.50 | 15.6 | 1.8 | 8.7 | 0.65 |
| IFCI | 49.30 | 47 (Sell) | 50.50 | 24.1 | 0.9 | 6.5 | 1.9 |
| PNB | 95 | 100 | 93 | 10.5 | 1.2 | 10.8 | 1.1 |
Market Outlook & Trading Strategy
- Volatility Alert: Given the weak global sentiment and ongoing tariff concerns, intraday traders should maintain strict stop losses and avoid aggressive positions.
- Sector Watch: All sectoral indices ended in the red on Tuesday, with Realty, Media, and Auto stocks witnessing the steepest declines.
- Support & Resistance Levels:
- Nifty 50: Resistance at 23,222, support at 22,976-22,800.
- Bank Nifty: Resistance at 49,700, support at 48,900.
With critical developments like PM Modi’s US visit and global trade negotiations in focus, market volatility may persist. Intraday traders should adopt a disciplined approach, track global cues, and stick to predefined stop-loss levels to mitigate risks.
Conclusion
With the Indian markets witnessing a sharp correction, traders need to stay cautious while picking intraday stocks. Medico Remedies, Shree Rama Newsprint, and PNB are recommended buys under ₹100, while IFCI is suggested as a sell for today. Keeping an eye on global cues, tariff negotiations, and domestic market trends will be crucial for traders looking to make informed decisions.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.