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Sumeet Bagadia's three stock picks for Monday despite weak market

Sumeet Bagadia's three stock picks for Monday despite weak market
Stocks under ₹100: Sumeet Bagadia recommends three shares to buy on Monday - 17 August 2026 · livemint.com

The stock market is a place where people can buy tiny pieces of companies.

Last week, the Indian stock market ended a little lower than it started.

One reason is that oil became more expensive, which can make things cost more.

There were also worries about problems between countries and unclear signals from markets around the world.

A money expert named Sumeet Bagadia said the market will probably move up and down without a clear direction for now.

He picked three companies he thinks are good to buy on Monday: U. Y. Fincorp, Morepen Laboratories, and Fineotex Chemical.

Each of these stocks costs less than 100 rupees, which makes them easier for everyday people to buy.

He also gave a "target price" for each stock, which is the price he hopes it will reach.

He gave a "stop loss" too, which is a price to sell at if the stock drops, so you don't lose too much money.

Buying stocks is exciting but risky, so it is good to be careful and learn before you try.

Key facts

Sensex close
78,009.25 (down 0.62% for the week)
Nifty close
24,366 (down 0.83% for the week)
Bank Nifty close
57,491.10 (down 144.10 points / -0.25%)
Nifty expected trading range
24,200–24,550
Bank Nifty expected trading range
57,000–58,000
Analyst
Sumeet Bagadia, Executive Director, Choice Broking
Stock picks for Monday
U. Y. Fincorp (buy ₹21.08, target ₹22.7, stop loss ₹20); Morepen Laboratories (buy ₹84.19, target ₹91.5, stop loss ₹78.5); Fineotex Chemical (buy ₹43.36, target ₹47.3, stop loss ₹40.78)
Broader market
MidCap index +0.50%; SmallCap index -0.66%

Quotes

Sumeet Bagadia

Executive Director at Choice Broking

“"From a technical perspective, Nifty continues to maintain a Sideways bias, with the index likely to remain range‑bound until a decisive breakout occurs on either side."”
livemint.com

Sources

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