If you’re looking for stocks to buy under ₹200, you’re in the right place. Mehul Kothari, deputy vice president — technical research at Anand Rathi, has identified 3 stocks that traders can consider adding to their portfolios.
The Indian stock market fell for the second consecutive session on Friday. Rising tensions in the Middle East and heavy selling at higher levels kept investors nervous. The Sensex fell by 573 points to close at 81,118.60. Nifty 50 fell 169.60 points to 24,718.60. Bank Nifty fell nearly 2% to 55,527.35.
Market Outlook by Mehul Kothari
Mehul Kothari believes this drop is a healthy correction after a strong rally. “Nifty fell nearly 600 points from its recent high of 25,200. It was expected, and now we need to be careful. If Nifty drops below 24,450, we may see further weakness. But a small bounce back from here could be a chance to book profits instead of adding more positions.”
He also expects Bank Nifty to stay weak if it drops below 55,000. If it climbs back above 57,000, it may show some momentum. Until then, traders should stay light on positions.
Mehul Kothari’s Top 3 Stocks to Buy under ₹200
Here are the stocks to buy under ₹200, recommended by Mehul Kothari of Anand Rathi.
1] Tata Steel
Buy at: ₹152
Target: ₹164
Stop Loss: ₹146
Tata Steel looks strong at this price. Mehul Kothari says buying it at ₹152 with a target of ₹164 makes sense for a short-term trader.
2] GMR Airports
Buy at: ₹81
Target: ₹88
Stop Loss: ₹77
GMR Airports is another strong candidate under ₹200. Kothari suggests buying it at ₹81. The first target should be ₹88, while a stop-loss at ₹77 will help manage risk.
3] IDFC First Bank
Buy at: ₹70
Target: ₹78
Stop Loss: ₹66
IDFC First Bank is a well-known name in banking. It is currently available at a reasonable price of ₹70. The stock may move up to ₹78 in the short term. To control losses, a stop-loss at ₹66 is recommended.
Final Thoughts
These stocks to buy under ₹200 reflect Mehul Kothari’s view on the market. His picks — Tata Steel, GMR Airports, and IDFC First Bank — all have strong fundamentals and technical signals. Nevertheless, investors should be careful, use proper stop-loss, and avoid aggressive trades in a weak market.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
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