Indian Stock Market: Mehul Kothari Recommends Three Shares Under ₹200 Amid Global Changes

The Indian stock market ended the week of September 15–19, 2025, with small gains, showing a steady but cautious investor sentiment. The Nifty 50 index closed near 25,300, slightly above its midweek high of 25,423.60. This growth was supported by optimism following a 25-basis-point rate cut by the US Federal Reserve and encouraging news around the India–US trade deal. However, the market saw some profit-taking on Friday, with Nifty slipping 0.27%. The BSE Sensex rose nearly 1% to close around 82,800, while midcap and smallcap indices gained 0.6% and 0.3%, respectively.

Sector-wise, the rally was led by auto, realty, and PSU banks, which grew by 1–1.4%. On the other hand, FMCG and metals recorded mild declines. Both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) remained net buyers, adding around ₹2,500 crore and ₹1,800 crore, respectively, to the market.

Market Outlook and Key Levels

Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi, described the current market trend as favorable for “buy-on-dips” investors. He noted that the Nifty 50 has confirmed a breakout by closing above the previous swing high of 25,150, signaling strength and market resilience. Kothari explained that the zone of 25,500–25,650 will act as a significant hurdle, with 25,650 being the earlier swing low and a falling trendline resistance near 25,500. A clear move above 25,650 could open opportunities for new highs in the coming weeks. On the downside, the range of 25,150–25,000 will serve as important support, acting as the breakout retest area. A breach below 25,000 could indicate further caution.

Stocks Under ₹200: Recommendations

Despite global developments, including the Trump administration’s proposed $100,000 H-1B visa fee, Kothari recommends that investors look at select stocks under ₹200 that show strong technical charts. Three stocks he highlighted are:

CO Bank – The stock of this public sector bank shows consistent support levels, making it a potential buy for medium-term investors.

IREDA (Indian Renewable Energy Development Agency) – With growing focus on renewable energy in India, IREDA continues to show technical strength and long-term potential.

Federal Bank – This private sector bank has shown steady growth and presents a strong buy-on-dips opportunity for investors seeking value under ₹200.

Kothari emphasized that these stocks are attractive due to their technical performance and stability in the market. He advised investors to remain cautious, follow support and resistance levels, and watch for decisive movements to make informed decisions.

Global Factors and Market Sentiment

The stock market continues to be influenced by global factors. The US Fed’s rate cut has positively impacted investor sentiment, while ongoing geopolitical developments, like Trump’s proposed H-1B visa fee increase, could affect market dynamics. Large tech companies in the US, which rely on skilled foreign workers, may face higher costs, and this could indirectly influence foreign investors’ outlook on Indian markets.

However, Kothari believes that the Indian market remains resilient, and buy-on-dips strategies can provide good entry points for investors. With proper analysis of technical charts and attention to support and resistance levels, investors can navigate current market conditions effectively.