Mehul Kothari of Anand Rathi Suggests Three Stocks for Consideration Below ₹200 Price Point

Indian Stock Market Update

Market Performance The Indian stock market ended the week of February 27, 2026, on a weak note, with benchmark indices Sensex and Nifty 50 closing sharply lower. The Sensex fell by 961 points (1.17%) to close near 81,287, while the Nifty 50 declined by 317 points (1.25%) to 25,178, resulting in an estimated loss of ₹3 lakh crore to ₹5.5 lakh crore in market capitalization.

Broader Markets The broader markets also underperformed, with MidCap and SmallCap indices slipping by around 1-1.3%. Weak global cues, geopolitical tensions, continued FII selling, MSCI rebalancing outflows, and sector-wide weakness in financials, realty, auto, FMCG, and energy weighed on sentiment.

Market Outlook According to Mehul Kothari, Deputy Vice President - Technical Research at Anand Rathi, the Indian stock market appears to be in the final leg of correction, with early signs of selling exhaustion visible near key supports. A weak opening could help complete the remaining gap-fill and test the support zone, which may provide a base for stabilization.

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Index Outlook The Nifty 50 index has extended its corrective move and is now trading near 25,200, very close to the critical 25,100 support zone. A sustained break below 25,100 would force a reassessment of the bullish structure and may open the door for deeper downside. However, as long as this level holds, the ongoing correction is likely to remain a healthy pullback within the broader uptrend.

Bank Nifty Outlook The Bank Nifty index remains in a consolidation phase, with prices repeatedly facing resistance near the 61,500-62,000 zone and currently hovering around 60,500. The 59,800-60,000 band remains a strong support area, keeping the broader structure stable.

Stock Recommendations Mehul Kothari of Anand Rathi recommended the following three stocks to buy:

1. Central Bank of India: Buy at ₹40 to ₹38, Targets ₹44 and ₹48, Stop Loss ₹36.50
2. Shree Renuka Sugars: Buy at ₹24, Target ₹26.50, Stop Loss ₹22.80
3. Welspun Living: Buy at ₹125, Target ₹135, Stop Loss ₹119

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