Intraday trading, also known as day trading, involves the buying and selling of stocks within a single trading day to capitalize on short-term price fluctuations. In this blog, we will explore the top 10 shares under Rs.100 that stand out for Intraday Trading:
Here is a list of top intraday stocks under 100. These stocks are easily available on the best trading apps.
1. Yes Bank Ltd.
- Sector: Banking
- Current Price: Rs. 22.64
- Market Cap (₹ Cr.)- 83,446.90
- Reasons to Consider: Yes Bank Ltd., is a prominent player in the Indian banking industry and has endured a turbulent journey marked by financial instability and regulatory scrutiny. Despite its challenging past, Yes Bank attracts intraday traders due to its high trading volumes and frequent price movements.
2. Vodafone Idea Ltd. (Vi)
- Sector: Telecommunications
- Current Price: Rs. 17.09
- Market Cap (₹ Cr.)-1,16,005.00
- Reasons to Consider: Vodafone Idea Ltd (Vi), a prominent player in the telecommunications sector, stands out for its sensitivity to price fluctuations influenced by regulatory developments, shifts in the competitive landscape, and operational updates. This dynamic nature of Vi’s stock can result in significant intraday movements, presenting attractive opportunities for traders seeking short-term gains.
3. Suzlon Energy Ltd. (Suzlon)
- Sector: Renewable Energy
- Current Price: Rs. 55.49
- Market Cap (₹ Cr.) – 74,979.50
- Reasons to Consider: Suzlon is prominent in the wind energy sector. Stocks in renewable energy are sensitive to policy changes, global energy trends, and regulatory announcements, making Suzlon a candidate for intraday trading based on sector-specific news flow.
4. IRB Infrastructure Developers Ltd
- Sector: Infrastructure
- Current Price: Rs. 67.56
- Market Cap (₹ Cr.) – 40,787.40
- Reasons to Consider: IRB Infrastructure Developers Ltd, stock price responds sensitively to announcements of new infrastructure projects, government spending on infrastructure, and public-private partnerships. The stock’s volatility presents opportunities for traders. Rapid price changes, triggered by positive or negative news, create lucrative trading opportunities.
5. IDFC First Bank Ltd. (IDFC First)
- Sector: Banking
- Current Price: Rs. 81.19
- Market Cap (₹ Cr.) – 57,470.40
- Reasons to Consider: IDFC First Bank Ltd, a prominent player in the banking sector, is subject to market fluctuations influenced by the Reserve Bank of India’s policy announcements and the overall performance of the banking industry. The stock’s active trading volume, indicative of high liquidity, makes it an attractive choice for intraday trading strategies.
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. Central Bank of India
- Sector: Banking
- Current Price: Rs. 62.18
- Market Cap (₹ Cr.) – 53,969.40
- Reasons to Consider: The Central Bank of India, is a financial entity whose stock’s performance is intimately connected to external factors such as regulatory changes, fluctuations in interest rates, and broader economic indicators. Its shares are characterized by high liquidity, facilitating seamless buying and selling, and moderate volatility, making it a suitable choice for investors employing intraday trading strategies.
Conclusion
Engaging in intraday trading of shares priced below 100 Rs can be thrilling and potentially lucrative. However, it’s imperative to exercise caution and employ a well-structured strategy when trading in them due to high volatility.
