3 Stocks Under ₹100 to Watch: Mehul Kothari’s Top Picks

The market has shown strong recovery after recent volatility, signaling improving momentum. However, experts suggest that short-term consolidation or minor pullbacks may occur before the next move. The overall structure remains positive, with dips likely to be seen as buying opportunities. In this phase, selective stock picking and disciplined trading strategies are key to capturing potential gains.

The stock market has shown a strong recovery after a volatile phase, but the next move is not fully clear yet. Investors are now searching for opportunities where risk is controlled but returns can still be attractive. Stocks under ₹100 often become popular in such phases because they allow flexibility and faster movement.

At the same time, choosing the right stock matters more than the price. A low price does not always mean a good opportunity. That’s why expert recommendations become important.

Mehul Kothari from Anand Rathi has identified three stocks that are showing strong technical setups. These stocks are Network18, Motherson Sumi Wiring India, and Suzlon Energy.

Let’s understand the market situation first and then look at these stocks in detail.

Market Outlook: Is the Uptrend Sustainable

The recent rally in Nifty 50 has been strong. The index gained around 5 to 6 percent in a short time, which is a significant move.

This rally was supported by improving global conditions, easing tensions, and stability from the Reserve Bank of India. Financial, auto, and realty sectors played a major role in pushing the market higher.

However, after such a sharp move, some cooling is natural.

Technical indicators suggest that the market may see short-term consolidation. There are early signs that momentum is slowing down, which means a pause or minor correction can happen.

Key levels to keep in mind:

• Resistance zone around 24,500 to 24,800
• Support near 23,600 and 23,200

If the market dips towards support levels, it may offer buying opportunities rather than signaling weakness.

Network18: Short-Term Momentum Opportunity

Network18 is one of the top picks in the low-price category.

The stock is showing strong momentum and has been attracting buying interest. It is moving in a pattern that suggests potential upside if the trend continues.

Recommended levels:

• Buy between ₹32 and ₹31
• Target between ₹37 and ₹39
• Stop loss at ₹29

This setup offers a clear risk-reward structure. If the stock holds its support, it can move higher in the short term.

For traders looking for quick opportunities, this stock can be interesting.

Motherson Sumi Wiring India: Stable Performer

Motherson Sumi Wiring India offers a different type of opportunity.

This stock is linked to the automobile sector, which has been showing steady growth. As demand for vehicles increases, supporting industries also benefit.

Recommended levels:

• Buy between ₹39 and ₹37
• Target at ₹43 and ₹48
• Stop loss at ₹35

Compared to momentum stocks, this one may move more gradually. However, it provides better stability and lower risk.

This makes it suitable for investors who prefer a balanced approach.

Suzlon Energy: High Interest and High Movement

Suzlon Energy continues to remain one of the most tracked stocks under ₹100.

The company operates in the renewable energy sector, which is gaining long-term importance due to clean energy demand.

Recommended levels:

• Buy between ₹44 and ₹42
• Target at ₹49 and ₹55
• Stop loss at ₹38

This stock often sees strong participation from retail investors, which can lead to sharp price movements.

However, higher activity also means higher volatility. Proper risk management is important here.

What Should Investors Do Now

With markets showing strength but also signs of slowing momentum, investors need to stay careful.

Here’s a simple approach you can follow:

• Avoid entering stocks at high prices after rallies
• Stick to defined entry and exit levels
• Always use stop loss to manage risk
• Diversify instead of putting all money in one stock

Short-term traders can take advantage of these setups, but discipline is key.