Sumeet Bagadia, a prominent market analyst, has recommended three stocks to buy on Monday, June 8, 2026, all priced under ₹100. The picks include Motherson Sumi Wiring India Ltd, Bhansali Engineering Polymers Ltd, and Confidence Petroleum India Ltd, according to livemint.com. This recommendation comes amid a recent decline in Indian benchmark indices Sensex and Nifty 50.
The Sensex fell by 116.67 points and the Nifty 50 by 49.85 points on June 5, driven by profit-booking following the Reserve Bank of India's revised economic forecasts. Negative sentiment was further fueled by foreign capital outflows and geopolitical uncertainties. Against this backdrop, Bagadia's stock picks aim to identify value opportunities in the market, focusing on companies trading below ₹100 per share.
Bagadia's selections reflect a strategy to capitalize on undervalued stocks in a cautious market environment. Motherson Sumi Wiring India Ltd is a key player in the automotive components sector, Bhansali Engineering Polymers Ltd operates in specialty chemicals, and Confidence Petroleum India Ltd is involved in petroleum products distribution. These sectors have shown resilience despite recent market volatility, making these stocks noteworthy for investors seeking affordable options.
The stock recommendations were published on June 7, 2026, ahead of the trading session on June 8, providing investors with timely guidance. Market participants can track the performance of these stocks as the Indian market responds to ongoing economic and geopolitical developments.