2 weeks ago
Sumeet Bagadia's three stock picks for Monday despite weak market
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.
The Indian stock market ended the week lower, with the Sensex slipping 0.62% to 78,009.25 and the Nifty declining 0.83% to 24,366.
Elevated crude oil prices, renewed geopolitical concerns and mixed global signals dampened investor sentiment.
Sumeet Bagadia, Executive Director at Choice Broking, recommended U. Y. Fincorp, Morepen Laboratories and Fineotex Chemical as buys for Monday, 17 August.
Bagadia said Nifty maintains a sideways bias with support at 24,200–24,250 and resistance at 24,500–24,550.
The three recommendations include buy levels, target prices and stop losses: U. Y. Fincorp (₹21.08/₹22.7/₹20), Morepen Laboratories (₹84.19/₹91.5/₹78.5) and Fineotex Chemical (₹43.36/₹47.3/₹40.78).
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, and Indian stock market investors.
- What
- Indian equity indices closed the week in negative territory, and Bagadia recommended three stocks to buy for the next session.
- Where
- Indian stock market, covering the Sensex, Nifty 50 and Bank Nifty indices.
- When
- Recommendations are for Monday, 17 August 2026, following the prior trading week's close.
- Why
- Elevated crude oil prices, renewed geopolitical concerns, mixed global signals and worries about inflation, the rupee and corporate margins dampened sentiment.
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."”
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