Mehul Kothari, head of equity research at Anand Rathi Wealth, has identified Suzlon Energy, IDBI Bank, and Zee Entertainment as attractive short-term buy opportunities for traders seeking exposure to Indian equities trading below ₹200.
The recommendations come as Indian equity benchmarks closed sharply higher on Friday, July 17, driven by strong gains in Reliance Industries and heavyweight private banks ahead of their June quarter earnings reports.
Kothari advises a cautious approach for the broader market, noting that a decisive close above the 24,400 level on the benchmark index is required to confirm a sustained bullish outlook.
Until that technical threshold is breached, he suggests traders focus on specific stock-level opportunities rather than broad market bets.
The sub-₹200 picks reflect a strategy of targeting undervalued or technically poised names within a consolidating market environment.
This latest set of recommendations follows earlier calls from Kothari, who previously highlighted Trident Limited, UCO Bank, and MMTC as attractive short-term buys trading below ₹100.