Stocks to buy under ₹100: Experts recommend four shares to buy today — 18 June 2025
Stocks to buy under ₹ 100: After rising for two straight sessions, the Indian stock market paused and finished lower on Tuesday. The Nifty 50 index ended 92 points lower at 24,853, the BSE Sensex finished 212 points lower at 81,583, while the Bank Nifty index lost 230 points and closed at 55,714. The Nifty Mid-cap and the Nifty Small-cap Indices underperformed the benchmark, where the Nifty Mid-cap 100 Index fell by 0.66%, while the Nifty Small-cap 100 Index corrected by 0.69%. Market breadth remained weak for the fourth consecutive day, with declining stocks outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.60.
Sectorally, it was a sea of red, except for the Nifty IT sector, which managed to stay in positive territory. The Nifty Pharma, Healthcare, Metal, and Consumer Durables indices were among the major losers. The Nifty Pharma Index took a hit, falling nearly 2% following warnings from US President Donald Trump about imminent tariffs on pharmaceutical imports.
Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after witnessing a significant pullback in the last two sessions, found resistance near the 25,000 zone and with profit booking seen witnessed a gradual slide to end near the 24,850 level with bias and sentiment maintained with a cautious approach as of now. As mentioned earlier, the index would have the crucial support zone near the 24,500 zones and would need a decisive move above the 25,200 level to trigger a fresh further rise in the coming days."
"The Bank Nifty index succumbed to profit booking during the session and slipped as the day progressed to close near the 55700 level, once again finding resistance near the 56000 zone, a crucial resistance zone. The index has been precariously placed and would need a decisive move above the 56000 zone to turn the bias positive. At the same time, we would need to sustain the near-term support positioned near the 55000 level to maintain the overall trend intact," Shiju Kuthupalakkal of Prabhudas Lilladher said.
Regarding intraday stocks for today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Anshul Jain, Head of Research at Lakshmishree Investment and Securities; and Mahesh M Ojha, AVP — Research at Hensex Securities — recommended buying these three stocks: Medico Remedies, Imagicaaworld Entertainment, Manali Petrochemicals, and Balmer Lawrie Investments.
1] Medico Remedies: Buy at ₹ 48.50, Target ₹ 53, Stop Loss ₹ 46.
2] Balmer Lawrie Investments: Buy at ₹ 80 to ₹ 81, Targets ₹ 83.50, ₹ 85, ₹ 88, ₹ 90, Stop Loss ₹ 78; and
3] Manali Petrochemicals: Buy at ₹ 64.25 to ₹ 65.25, Targets ₹ 67, ₹ 69, ₹ 71, ₹ 74, Stop Loss ₹ 62.80.
4] Imagicaaworld Entertainment: Buy at ₹ 68.40, Target ₹ 71.50, Stop Loss ₹ 67.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Indian auto industry chart magnet supply chain plans
NEW DELHI: As Indian auto industry faces a magnet supply crunch, following restrictions placed by China, a group of companies, including some homegrown advanced material entities, have come forward to build in-house supply chains. Tired of too many ads? go ad free now The companies have made presentations to govt, including the heavy industries ministry, and assured building of supplies within India to reduce dependence on China. "The companies include Midwest Advanced Materials, Entellus Industries, and public sector Indian Rare Earths (IREL)," sources have told TOI. The sources said that heavy industries secretary Kamran Rizvi has also taken presentations from companies as govt develops strategies for indigenous capabilities in magnet production. "Midwest Advanced Materials made a presentation about their plans to produce rare earth magnets in India with a capacity of 500 tonnes per annum. They forecast that by end of 2026, they will be able to produce custom-made rare earth magnets for the industry," one of the sources said. Entellus, a UK-headquartered company with primary operations in India, also made a presentation to govt, detailing their plans to produce rare earth magnets. "They have told officials that their plant is ready to produce the magnetic powder but will still take some time to produce industry-grade magnets," the source said. IREL, which was among the last to make its presentation, informed govt that once production begins, they will be able to match China's rates. "However, the company said that ore present in Indian geography is 100 times less than in China, the US, and Australia," the source said. Tired of too many ads? go ad free now Companies also told govt that magnet production in India was shut down over the past two decades due to proliferation of cheaper Chinese supplies. "The industry members requested govt to support companies in setting up magnet production by providing incentives and monetary benefits," the source said. Secretary Rizvi told the companies to make "realistic statements about magnet production" as potential customers in the auto sector will suffer due to incorrect assessments. The has also requested potential local producers to provide a firm timeline on supplies, if possible, emphasising that their production line depends on quick procurement. The situation for the auto industry has deteriorated over the past few months as no Indian auto component or vehicle company has managed to get approval from the Chinese govt for procuring rare earth magnets. Also, there has been "no clarity as yet" on any timeline for a confirmed meeting with representatives of Chinese govt, despite intervention of Indian officials. The applications for sourcing magnets have been filed mainly by parts manufacturers who provide fully-built sophisticated component assemblies such as speedometers, electric motors, e-axles, electric water pumps, automatic transmission kits, speakers, sensors, and ignition coils (used in engines). The request for a meeting with Chinese representatives is being pursued not just by industry bodies of component makers (Auto Component Manufacturers Association) and vehicle manufacturers (Society of Indian Automobile Manufacturers), but also facilitated by officials in ministries.
Time of India
an hour ago
- Time of India
Bengaluru's hotel kitchens turn to machines for south Indian fare
Bengaluru: From soft idlis to crispy vadas, south Indian cuisine has always hinged on precision and a practised hand. But as the appetite for south Indian fare surges and skilled cooks grow scarce, Bengaluru's hotel kitchens are quietly adapting — by bringing machines into the masala. The city's hospitality sector is already seeing machines roll out vadas and stir up steaming pots of pongal. Yet, industry veterans say, full automation remains out of reach — especially for food steeped in regional heritage and family recipes passed down over generations. "South Indian cooks are particularly hard to find," PC Rao, honorary president of the Bangalore Hotels Association (BHA), said recently at the launch of the Media Day Marketing trade expo where equipment firms showcased new tools for the hospitality sector. "We have vada-making machines and pongal systems, but someone still needs to measure and feed the ingredients. It's not yet 100% mechanised," Rao said. Demand for bulk-catering solutions is driving part of this change and BHA president Subrahmanya Holla said machines are helpful where quantity matters. "We use pongal machines in large setups. Vada-making too is easier when it is automated. But not everything can be handed over to the machine. In a Mysore Pak production line we visited recently, there was still the need for a human hand to pour ghee and sugar at the right moment," Holla said. At Konark Hotel, one of Bengaluru's long-standing establishments, owner K Rama Murthy has implemented high-tech combi-ovens that use steam and dry heat to prepare dishes like bisibele bath, pongal, and pulao. "We can even roast masalas in it. But for shallow-frying, or making sambar and masala dosa, the machine has its limits," he said. Murthy, with over four decades in the industry, pointed to the difficulty in fully codifying south Indian culinary knowledge. "It's generational wisdom. You can't just put it in a syllabus," he said, adding that Indian food is typically made-to-order, unlike standardised continental or fast-food options. Some kitchens are also experimenting with advanced food technology such as freeze-drying or vacuum-packing to extend shelf life and preserve nutrition, but such methods remain costly. Impact on hospitality edu Meanwhile, hospitality schools are recalibrating their curriculum. At IIHM Bengaluru, students are now being trained on artificial intelligence-driven systems. "AI is streamlining kitchen operations — from menu planning to stock-taking," said Sanchari Chowdhury, the institute's director. "In fact, a Japanese restaurant here uses technology to remember diners' preferences—where they sit, what they order," Chowdhury, who believes Bengaluru's tech-savvy mindset gives it an edge, Sanchari said. She, however, added: "We have already replaced key cards with mobile check-ins. But even as roles evolve, the warm human presence is still crucial in hospitality."
Hindustan Times
an hour ago
- Hindustan Times
Elon Musk launches Tesla robotaxi in Austin: Here's how rides are priced
Tesla's long-hyped robotaxi was launched on Sunday afternoon, as per CEO Elon Musk who announced the rollout on his platform X (formerly Twitter). The first rides, priced at a flat $4.20 are now being offered in parts of Austin using driverless Tesla Model Y vehicles, stated a Reuters report. Several Tesla robotaxis were spotted Sunday morning navigating South Congress, a bustling neighborhood in the Texas capital, with no driver behind the wheel. A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin(Bloomberg) Several social media users posted videos of robotaxis and noted that a single person was seated in the passenger seat, acting as a 'safety monitor'. The electric vehicle maker has not issued an official statement or provided details on the scope of the Tesla robotaxi launch, but a small group of influencers were invited to participate in a closely monitored pilot featuring 10-20 vehicles operating within a geofenced zone of Austin. Also read: Indian CEO slams Tesla for returning $1,000 fee: 'Elon Musk, do you know...' Texas lawmakers move to regulate autonomous vehicles The launch came days after Texas Governor Greg Abbott signed a new legislation requiring autonomous vehicle operators to obtain a state permit. Though the law does not go into effect until September 1, it signals a shift from Texas' previously hands-off approach to autonomous driving regulation. The law mandated operators like Tesla to attest to the safety of their AVs, provide emergency protocols for police and first responders, and comply with Level 4 autonomy standards, which means vehicles can drive themselves within specific conditions sans human intervention. Tesla deviating from norms by not relying on lidar/radar The Reuters report stated that Tesla was bucking industry norms by relying exclusively on cameras, without lidar or radar. Additionally, Musk has long argued that relying on cameras make Tesla's system both safer and more scalable, though critics have cited safety risks and past delays as cause for concern. Musk has spoken about self-driving cars over the years and now he is promising that safety will be a top priority as they roll out Tesla robotaxis in Austin. These cars will steer clear of bad weather, tricky intersections, and underage riders, and will only drive in areas where they are certain everything is safe, Musk said. The launch of Tesla's robotaxi is a big step for the company's future plans. Analysts think a lot of Tesla's long-term worth is dependent on how well they can commercialize their robotaxis and AI technologies, like humanoid robots. However, it is not all smooth sailing. Tesla's rival Cruise, owned by GM, recently had to suspend its operations following an accident, and both Waymo (Alphabet) and Zoox (Amazon) are operating under heavy regulatory watch. Tesla's unique approach, relying purely on cameras, sets it apart from the competition, but it also brings its own set of safety and liability issues. FAQs Q: Is Tesla launching robotaxis in Austin today? Yes, Elon Musk announced that Tesla has begun offering limited robotaxi rides in Austin as of Sunday afternoon. Q: How much do Tesla robotaxi rides cost? Tesla is offering the initial rides at a flat rate of $4.20. Q: Are the Tesla robotaxis fully driverless? Yes, the vehicles operate without a driver but currently have a front-seat 'safety monitor' during this pilot phase. Q: What level of autonomy do these vehicles have? Tesla's robotaxis are classified as Level 4 autonomous, meaning they can drive themselves under specific conditions without human input.
