Investment Insights: Mehul Kothari's Stock Recommendations Under ₹200

On June 30, 2025, Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi, provided insights on promising stocks in the Indian market trading under ₹200. Kothari identified three notable stocks: Edelweiss Financial Services, Zee Entertainment Enterprises, and CESC. His recommendations come in the context of a bullish trend in the Indian stock market, as the Nifty 50 index achieved a significant upward movement, closing at 25,637.80.

Kothari noted that the recent rally was influenced by easing geopolitical tensions between Iran and Israel, which positively impacted investor sentiment. "After a consolidation of more than a month, Nifty has finally given a breakout above 25,300, triggering an extended move on the upside," Kothari stated, suggesting that the levels between 25,700 and 25,900 could act as critical resistance points. If these levels are surpassed, the index could potentially reach a new all-time high.

The Indian stock market exhibited a robust performance last week, with the Sensex gaining 303.03 points, or 0.36%, and the Bank Nifty index rising by 237.20 points, or 0.41%. Such performances indicate a renewed risk appetite among investors, as reflected by the Nifty Smallcap 100 index surging over 4% and the Nifty Midcap 100 gaining more than 2%.

Furthermore, Kothari emphasized caution amid the positive outlook. He warned that any close below 25,300 would signal a potential reversal, urging investors to remain prudent and avoid overcommitting. "The structure looks bullish, but there is still some uncertainty, so the advice is to stay light and avoid overcommitting," he advised.

In terms of specific stock picks, Kothari recommended the following: 1. **Edelweiss Financial Services**: Recommended purchase near ₹114, with a target price of ₹123 and a stop loss set at ₹109. 2. **Zee Entertainment Enterprises (ZEEL)**: Suggested to buy on dips near ₹142, targeting ₹152, with a stop loss at ₹137. 3. **CESC**: Buy recommendation near ₹172, targeting ₹182, with a stop loss at ₹167.

The market’s performance, coupled with Kothari's recommendations, highlights a dynamic investment landscape. Investors are urged to conduct thorough research and possibly consult certified financial advisors before making investment decisions.

Disclaimer: The views and recommendations provided are those of Mehul Kothari and do not constitute financial advice from Mint. Investors should verify recommendations with certified experts before proceeding with any investments.

As the market continues to evolve, the implications of these recommendations could shape future investment strategies and offer a glimpse into the potential for recovery and growth in the Indian stock market.