Top Watchlist Picks 2024: 6 Stocks Under Rs 100 with Strong Volumes

The Indian markets are trading at their all-time high levels, with the NSE Nifty50 creating a new peak almost every second day. Today, it again touched an all-time high level of 21,801, while the BSE Sensex reached an all-time high of 72,484. 

With the current year ending and the new year on the horizon, it becomes crucial to pinpoint stocks exhibiting strong potential for superior investment prospects. Today, our focus is on exploring stocks available under Rs 100 per share in the Indian market, particularly those that have shown a notable surge in delivery volumes compared to their average delivery volumes over the last five months. However, it’s important to note that this is just one criterion to consider. Beyond price, a reliable metric to examine is the volumes or delivery volumes of stocks, especially in the cash market.  

Here are the six stocks priced below Rs 100 with robust volumes 

GMR Airports Infrastructure Limited 

GMR Airports infrastructure is primarily involved in the development, maintenance, and operation of airports, power generation, coal mining, exploration activities, highway development, maintenance, and operation of special economic zones. Additionally, it operates within the construction sector, encompassing Engineering, Procurement, and Construction (EPC) contracting activities. 

Throughout this month, the total delivered quantities of the company’s stocks have surged by 4.63 times compared to the average delivered quantities over the past five months. Today, the company’s stocks opened at Rs 73.96 per share and closed 4.06% higher than the previous day’s closing price, reaching Rs 76.30 per share. Furthermore, over the last month, the stock has exhibited an impressive return of 26.62%. 

Network 18 Media & Investments Limited 

Network 18 Media & Investments is engaged in activities spanning Digital Content, Print, and Allied Businesses. 

Throughout this month, the total delivered quantities of the company’s stocks have surged by 2.28 times compared to the average delivered quantities over the past five months. Today, the company’s stocks opened at Rs 88.90 per share and closed 0.78% lower than the previous day’s closing price, reaching Rs 88.13 per share. Furthermore, over the last month, the stock has exhibited a moderate return of 6.26%. 

HFCL Limited 

HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interests spanning telecom infrastructure development, system integration, as well as the manufacturing and supply of high-end telecom equipment, Optical Fiber, and Optic Fiber Cable (OFC). 

Throughout this month, the total delivered quantities of the company’s stocks have surged by 2.27 times compared to the average delivered quantities over the past five months. Today, the company’s stocks opened at Rs 84.50 per share and closed 1.41% lower than the previous day’s closing price, and finally closed at Rs 82.91 per share. Furthermore, over the last month, the stock has exhibited an impressive return of 24.32%. 

TV18 Broadcast Limited  

TV18 Broadcast is engaged in activities spanning across Broadcasting, Digital Content, and Allied Businesses. TV18 is a subsidiary of Network18 Media & Investments Limited (‘Network18’) and is primarily engaged in the business of news broadcasting. 

Throughout this month, the total delivered quantities of the company’s stocks have surged by 2.15 times compared to the average delivered quantities over the past five months. Today, the company’s stocks opened at Rs 51.58 per share and closed 1.54% higher than the previous day’s closing price, and finally closed at Rs 50.67 per share. Furthermore, in the last one month, the stock has exhibited an impressive return of 20.53%. 

Indiabulls Real Estate Limited 

Indiabulls Real Estate operates within the spectrum of residential real estate development, covering segments from affordable housing to premium and ultra-luxury spaces. Its primary focus revolves around constructing and developing residential, commercial, and Special Economic Zone (SEZ) projects across major Indian metropolitan cities. Geographically, the company strategically concentrates its efforts in the key markets of the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR). 

Throughout this month, the total delivered quantities of the company’s stocks have surged by 1.72 times compared to the average delivered quantities over the past five months. Today, the company’s stocks opened at Rs 89.71 per share and closed 2% lower than the previous day’s closing price, and finally closed at Rs 87.59 per share. Furthermore, over the last month, the stock has delivered a moderate return of around 8%. 

JM Financial Limited 

JM Financial Limited is an integrated and diversified financial services group. Its primary businesses encompass mortgage lending, distressed credit, asset management, investment banking, and the management of private equity funds. 

Throughout this month, the total delivered quantities of the company’s stocks have surged by 1.7 times compared to the average delivered quantities over the past five months. Today, the company’s stocks opened at Rs 100.55 per share and closed 2.03% lower than the previous day’s closing price, reaching Rs 97.94 per share. Furthermore, over the last month, the stock has exhibited an impressive return of 16.36%. 

Volume Data 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.