Mehul Kothari of Anand Rathi recommended three stocks priced under ₹200 to buy or sell on August 15, 2026. The stocks highlighted were IRB Infra, MMTC, and CESC, according to livemint.com. This comes amid a weak and range-bound week for the Indian stock market, with the Nifty 50 falling around 0.8% to 24,366 and the Sensex declining nearly 0.6% to around 78,000.
Kothari's recommendations were part of his broader market outlook shared on livemint.com. He noted that the Nifty 50 support level placed between 24,190 and 24,054 may remain intact despite recent volatility. His stock picks focus on companies trading below ₹200, offering potential opportunities for investors seeking value in the current market environment.
The Indian stock market has experienced a slowdown recently, with key indices snapping winning streaks due to global uncertainties and oil price volatility. Kothari's picks reflect a cautious approach, emphasizing stocks that could benefit from stable support levels. IRB Infra, MMTC, and CESC are notable for their market positioning and potential to perform under ₹200, aligning with investor interest in affordable shares amid market fluctuations.
The Nifty 50 index closed at 24,366 on August 14, 2026, marking a 0.8% decline for the week, while the Sensex ended near 78,000 after a 0.6% drop. Kothari's recommendations were published on livemint.com on August 15, providing timely guidance for investors navigating the current market conditions.