1 week ago
Anand Rathi Expert Recommends Three Stocks Under ₹200
India’s stock market had a difficult and uneven week.
The main indexes fell for several days before recovering strongly on Thursday.
Higher oil prices, global bond yields and geopolitical concerns affected investor confidence.
Mehul Kothari of Anand Rathi said the market still looks positive if the Nifty 50 stays above 23,600.
He believes investors may consider buying during declines near important support levels.
He also said the Bank Nifty has a bullish setup while it stays above 57,000.
Kothari recommended three shares priced below ₹200: NCC, Finolex Industries and Nocil.
He gave a buying price, expected target and stop-loss level for each share.
Indian benchmarks ended the week ending August 21, 2026, about 0.5–0.6% lower after a volatile decline and recovery.
Mehul Kothari said the Nifty 50’s positive structure remains intact above 23,600 on a closing basis.
He identified 24,100–24,000 as key Nifty 50 support and 24,300 as an immediate resistance level.
Kothari maintained a bullish, buy-on-dips view for the Bank Nifty while it remains above 57,000.
His three stock recommendations were NCC, Finolex Industries and Nocil, each with specified targets and stop-loss levels.
- Who
- Mehul Kothari, Deputy Vice President—Technical Research at Anand Rathi, and Indian stock-market investors.
- What
- Kothari provided a market outlook and recommended three stocks under ₹200: NCC, Finolex Industries and Nocil.
- Where
- The Indian stock market.
- When
- During the market outlook for the week ending August 21, 2026; the article refers to the outlook for today.
- Why
- Kothari said technical support levels and the broader market structure supported a buy-on-dips approach, subject to key levels holding.
Key facts
- Market performance
- The benchmark indices ended the week about 0.5–0.6% lower.
- Nifty 50 support
- The 24,100–24,000 zone was identified as strong support; 23,600 is the broader structure level.
- Nifty 50 target
- Kothari maintained an immediate target of 25,000, with 24,500–24,750 as an important hurdle.
- Bank Nifty levels
- A move above 58,200 could support an upside breakout, while a break below 57,000 would weaken the setup.
- NCC recommendation
- Buy near ₹145; target ₹160; stop loss ₹138.
- Finolex Industries recommendation
- Buy near ₹160; target ₹168; stop loss ₹156.
- Nocil recommendation
- Buy near ₹166; target ₹178; stop loss ₹160.
Quotes
Mehul Kothari
Deputy Vice President — Technical Research at Anand Rathi
“The Nifty 50 index has turned higher from the 24,000 mark, which is backed by multiple technical supports, including a daily gap area, rising trendline and the 61.8% Fibonacci retracement of the previous rise. Hence, we continue to maintain a “Buy on Dips” stance, with the 24,100–24,000 zone likely to act as strong support on any decline.”
livemint.com
“A decisive breakout above 58,200 would confirm an upside breakout from the triangle and could trigger fresh momentum. On the downside, a break below 57,000 would negate the positive setup and signal further weakness. For now, we maintain a bullish bias and recommend a buy-on-dips approach as long as NIFTY Bank sustains above 57,000.”
livemint.com
Sources
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