In this context, leading brokerage firms such as Nomura, HDFC Securities, and Motilal Oswal have recently provided price targets for stocks trading under Rs 100. According to their analyses, some of these stocks have the potential to deliver returns as high as 30 per cent from their current market prices.
Stocks to BUY
Here’s a list of stocks to BUY below Rs 100, which give you good returns:
Strong Growth Outlook Driven by AI and Outsourcing Demand
Nomura has given a price target of Rs 55 for Sagility India, reflecting an upside of 28.7 per cent from its current price of Rs 42.72, indicating strong upside potential.
According to brokerage, the company is well-positioned due to its vertically integrated model, operational flexibility, and strong expertise in healthcare services. Rising cost pressures on US healthcare payers are increasing outsourcing demand, while regulatory changes are accelerating AI adoption, benefiting Sagility.
Additionally, the shift toward outcome-based contracts and consolidation in the industry further supports growth. Nomura expects a 20 per cent EPS CAGR over FY26–FY28, though risks include industry slowdown and competition.
HDFC Securities Maintains BUY With Outlook
HDFC Securities has maintained a Buy rating on Bank of Maharashtra with a target price of Rs 90, reflecting an upside of 12.5 per cent from the current price level. The stock is currently trading around 80.
The bank is witnessing strong earnings supported by robust loan growth of around 22 per cent year-on-year, while deposits are growing at 14 per cent.
Additionally, HDFC Securities also highlights that asset quality is improving, with credit costs remaining below 1 per cent and CASA ratio rising sharply to 52.5 per cent. A strong deposit franchise is helping maintain low funding costs and stable margins. However, risks remain in the agri and MSME loan segments.
Motilal Oswal Reiterates BUY
Motilal Oswal has reiterated its Buy rating on Suzlon Energy with a target price of Rs 66, compared to the current price of Rs 53.09, indicating upside potential of 24.3 per cent.
Earlier, the company introduced a new management framework, including a Group Executive Council, with leadership changes aimed at strengthening execution. Suzlon is also expanding into solar and battery energy storage systems while maintaining its strong position in the wind energy segment.
However, the brokerage has slightly reduced its valuation multiple to 27x due to weak sector sentiment.
