The Indian Stock Market is going through a rough patch again. Last Friday, the Nifty 50 lost 96 points and settled at 25327. On the other hand, the BSE Sensex also fell by 387.73 points and closed at 82626.23, that is 0.47% downfall. Now investors are thinking what stocks to watch on Monday? Let’s check Mehul Kothari, Deputy Vice President of Technical Research at Anand Rath’s, recommendation of stocks under Rs 200.
Stocks to Buy Recommendation By Mehul Kothari On Monday
1. IREDA: The first recommendation for Monday is IREDA. You can purchase these shares for an entry price range of Rs 130 to Rs 161 and target to sell for Rs 256 later. Do remember to have a stop loss at Rs 172.
2. UCO Bank: Another stock to watch on Monday is UCO Bank. You can purchase these shares for Rs 31 and sell them for a target price of Rs 36. It is also suggested to have a stop loss at Rs 28.
3. Federal Bank: The last stock on the recommendation list by Mehul Kothari for Monday is Federal Bank. Investors can purchase these shares for an entry price of Rs 197-198. Then it can be sold for a target price of Rs 205. Also, make sure to have a stop loss at Rs 194.
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.
