Buying and selling stocks inside a single trading day is known as intraday trading, or day trading, and it is a strategy used to profit from brief market swings. We will examine the top 10 shares under Rs. 100 that are noteworthy for intraday trading in this blog post:
Top 10 Shares for Intraday Trading Under Rs.100
Here is a list of top intraday stocks under 100. These stocks are easily available on the best trading apps.
1. Yes Bank Ltd. in the Banking Sector
Present Value: INR 22.64; Market Capitalization (₹ Cr.): 83,446.90
Motives for Thought: Yes Bank Ltd., a significant participant in the Indian banking sector, has undergone a difficult journey characterized by regulatory scrutiny and financial instability. Yes Bank draws intraday traders because of its large trading volumes and frequent price changes, even with its difficult past.
2. Vodafone Idea Limited (Vi): Telecommunications Sector
Present Value: INR 17.09; Market Capitalization (₹ Cr.): -1,16,005.00
Motives for Thought: Vodafone Idea Ltd (Vi) is a notable entity in the telecommunications industry that is particularly susceptible to changes in pricing caused by regulatory actions, changes in the competitive environment, and operational upgrades. Because of its volatile nature, Vi’s stock might see large intraday swings, which can be quite appealing to traders looking for quick profits.
3. The company Suzlon Energy Ltd.
Industry: Sustainable Energy
Present Value: INR 55.49; Market Capitalization (₹ Cr.): 74,979.50
Motives for Thought: Suzlon is a well-known name in the wind energy industry. Because renewable energy stocks are susceptible to shifts in policy, developments in the global energy landscape, and regulatory announcements, Suzlon could be worth considering for intraday trading based on news flow particular to the sector.
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4. Infrastructure Sector: IRB Infrastructure Developers Ltd.
Current Price: 67.56 Rupees; Market Capitalization (₹ Cr.): 40,787.40
Motives for Thought: The stock price of IRB Infrastructure Developers Ltd. is sensitive to news about new infrastructure projects, public-private partnerships, and government infrastructure investment. Because of the stock’s volatility, traders have opportunities. Lucrative trading opportunities are generated by swift price fluctuations that stem from either positive or negative news.
5. First Bank IDFC Ltd. (First IDFC)
Industry: Banking
Present Value: INR 81.19; Market Capitalization (₹ Cr.): 57,470.40
Motives for Thought: A major participant in the banking industry, IDFC First Bank Ltd. is susceptible to market swings brought on by policy pronouncements from the Reserve Bank of India and the overall health of the banking sector. Because of its strong liquidity and active trading volume, the stock is a desirable option for intraday trading methods.
6. GMR Airports Infrastructure Ltd
Sector: Infrastructure
Current Price: Rs.96.23
Market Cap (₹ Cr.) – 58,108.10
Reasons to Consider: GMR Airports Infrastructure Ltd., a subsidiary of GMR Group, is a leading player in the infrastructure sector, primarily focused on airport management and development.GMR Infra’s strategic importance in the infrastructure sector, combined with its exposure to government policies and market sentiment, makes it a stock that appeals to traders seeking exposure to infrastructure-related investment opportunities.
7. Bank of Maharashtra
Sector: Banking
Current Price : Rs.63.77
Market Cap (₹ Cr.) – 45,143.80
Reasons to Consider: The Bank of Maharashtra is a significant banking sector player, captivating traders’ attention and seeking lucrative trading opportunities. Its price movements exhibit a distinct pattern, allowing traders to harness the power of technical analysis.
8. Jaiprakash Power Ventures Ltd (JPVL)
Sector: Power generation and distribution
Current Price : Rs.63.77
Market Cap (₹ Cr.) – 12,774.80
Reasons to Consider: Jaiprakash Power Ventures Ltd (JPVL) is an Indian power generation and infrastructure development company founded in 1994. Headquartered in New Delhi, JPVL has a strong presence across India and international operations in South Africa, Sri Lanka, and the United Arab Emirates making it attractive to Intraday traders.
9. Indian Overseas Bank
Sector: Banking
Current Price: Rs. 62.99
Market Cap (₹ Cr.) – 1,19,010.00
Reasons to Consider: Indian Overseas Bank’s stock is susceptible to fluctuations influenced by various factors, such as developments in the banking sector. The overall health of the economy can also have a substantial impact on the bank’s performance. The short-term movements in Indian Overseas Bank’s stock price make it a potential candidate for intraday trading.
10. The Indian Central Bank
Industry: Banking
Reasons to Think About: Current Price: Rs. 62.18 Market Cap (₹ Cr.): 53,969.40 The performance of the stock of the Central Bank of India, a financial organization, is closely linked to outside variables like shifts in regulations, variations in interest rates, and general economic indicators. Its shares are a good option for investors using intraday trading strategies because of their moderate volatility and strong liquidity, which allow for easy buying and selling.
Trading shares that are valued less than 100 rupees intraday can be exciting and profitable. However, because of their extreme volatility, you must trade with extreme caution and a well-planned approach. learn more
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