The US President Trump’s tariff war has become a pain in the month of August for the Indian Stock Market. The Nifty 50 is 1.4% down from last month, and the BSE Sensex is also down by 1.7%. At this point, investors are looking for an expert’s recommendation on which stocks to buy in the coming week to maintain a healthy portfolio.
Deputy Vice President and Technical Researcher of Anand Rathi, Mehul Kothari, has come to the rescue in this volatile market. He has suggested a few stocks that have good potential. Not only this, but all of these stocks are under Rs 200.
Stocks to Buy Under Rs 200 Recommendations by Mehul Kothari
1. Devyani International: The first stock on the recommendation list is Devyani International. These shares can be purchased at an entry range between Rs 173 to Rs 175. Then it can be sold for a target price of Rs 195. Do remember to have a stop loss at Rs 165. Market experts like Vaishali Parekh and Sumeet Bagadia also mentioned this share on 28th August recommendations.
2. IOB: Another good stock to keep an eye on is Indian Overseas Bank or IOB. These shares can be bought for an entry price range of Rs 37-38. Later, it can be sold for a target price of Rs 42. It is also recommended to have a stop loss at Rs 36.
3. Yes Bank: The last stock on the recommendation list is Yes Bank. These shares can be purchased between Rs 19 to Rs 19.30. The target price for selling these would be at Rs 22. But, make sure to have a stop loss at Rs 17.5.
Disclaimer: All the information mentioned above is from individual analysts or broking companies. Indiahood does not give any advice. Make sure to consult with certified experts before taking any investment-related decisions. This Article is for educational purposes only.
