Choice Broking Picks NTPC Green, Jayaswal Neco, Sagility, SBFC, South Indian Bank as Top Buys Under Rs 100

The Quick Take

• Market analyst Sumeet Bagadia of Choice Broking identified five Indian stocks trading under ₹100 as buys: NTPC Green Energy, Jayaswal Neco, Sagility India, SBFC Finance, and South Indian Bank
• Nifty 50 immediate support is at 22,250–22,400 with key resistance at 22,650–22,700, providing the technical backdrop for the sub-₹100 selection
• NTPC Green Energy represents a clean energy play in the basket, reflecting continued institutional interest in India's renewable power sector

Market strategist Sumeet Bagadia of Choice Broking has published a five-stock buy list featuring companies trading under the ₹100 price point — a segment favored by retail investors seeking high-unit-count exposure without large per-share outlay. The selection spans multiple sectors: NTPC Green Energy in renewable power, Jayaswal Neco in steel and industrial materials, Sagility India in healthcare IT services, SBFC Finance in small business lending, and South Indian Bank in regional banking. This diversified sub-₹100 basket reflects Bagadia's view that the Nifty 50's near-term technical support at 22,250 provides a buying window ahead of potential resistance at 22,650–22,700.

The basket's sector composition has distinct market implications. NTPC Green Energy, as the renewable subsidiary of state-owned NTPC Ltd, benefits from India's aggressive solar and wind capacity expansion targets. SBFC Finance and South Indian Bank represent mid-cap lending exposure to India's MSME and retail borrower segments — a high-growth but credit-risk-sensitive cohort. Jayaswal Neco's steel exposure ties the basket to infrastructure and construction activity, while Sagility India — previously Hinduja Global Solutions' healthcare IT arm — gives the portfolio a services-export angle that benefits from Indian IT sector tailwinds and potential rupee depreciation against the US dollar.

Investors considering this basket should watch upcoming RBI Monetary Policy Committee decisions, as rate policy directly influences SBFC Finance and South Indian Bank's net interest margins and loan growth trajectories. NTPC Green Energy's next capacity addition announcement and Power Purchase Agreement disclosures are the critical forward-looking catalysts for the renewable sub-position. The macro variable governing the entire basket is Nifty 50 stability at the 22,250–22,400 support zone: a decisive break below that range would negate the technical setup Bagadia has cited, signaling broader risk-off sentiment that would disproportionately affect small-cap and mid-cap components of the selection.

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