Top stocks under ₹200 recommended by Anand Rathi's Mehul Kothari: NHPC, IOC, NBCC

For NHPC, the suggested buy price is ₹76 with a target of ₹80 and a stop-loss at ₹74. IOC is recommended for purchase at ₹135, aiming for a target of ₹140 while setting a stop-loss at ₹132. NBCC is advised to be bought at ₹82, with a target price of ₹88 and a stop-loss placed at ₹79.

These stock picks come amid a period of market weakness, as the Nifty 50 index declined for five consecutive weeks from September 7 to 11, 2026, falling from nearly 23,900 to 23,398. The Sensex also dropped from around 76,500 to 74,782 during the same period, influenced by rising crude oil prices, geopolitical tensions, higher global bond yields, and a weaker Indian rupee.

Kothari highlighted that the Nifty 50 is currently trading in a crucial support zone between 23,200 and 23,100, which he believes could act as a foundation for market stabilisation and a potential turnaround. He noted that the daily Relative Strength Index (RSI) has reached its lowest level in several months, indicating oversold conditions and limited scope for further aggressive selling.

Despite the recent volatility, Kothari expressed cautious optimism, stating that markets often present favourable risk-reward opportunities after prolonged declines. He added that a sustained move above the 23,600–23,800 range on the Nifty 50 could trigger a sharper recovery.

On the Bank Nifty, Kothari observed a sharp intraday dip below the 56,000 support level, followed by a strong recovery of nearly 1,000 points. He views the 56,000–55,000 band as an important support zone, with 57,000 as the first key upside trigger and 58,000 as a major hurdle.

The recommendations are provided for educational purposes only, and investors are advised to consult certified financial experts before making any investment decisions.