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Wed, 03 Jun 2026
11:58:38 pm
Wed, 03 Jun 2026
11:58:38 pm
Synopsis
Mehul Kothari suggests UCO Bank, NBCC, and PNB under ₹200. Check targets, stop loss, and market outlook.
The Indian stock market is showing mixed signals, with volatility still in play. Despite recent swings, select stocks under ₹200 are attracting attention for short-term opportunities.
Market expert Mehul Kothari has shared three stock picks that could offer upside potential UCO Bank, NBCC, and PNB.
At welomoney, we break down these recommendations along with key levels and broader market cues.
The past week saw sharp swings driven by:
Despite this, the market showed a rebound at the start of FY27.
However, uncertainty quickly returned, keeping sentiment fragile.
According to Mehul Kothari:
The index recently bounced from lower levels, indicating demand is building.
Banking stocks are showing relative strength.
A breakout above 52,500 could confirm a stronger upward move.
Here are the three recommended stocks with entry, target, and stop-loss levels:
UCO Bank is trading in a favorable setup with short-term upside potential.
Trade Setup:
Why it matters:
NBCC (India) Ltd is benefiting from infrastructure and government project visibility.
Trade Setup:
Key Factors:
Punjab National Bank remains a key PSU banking play under ₹200.
Trade Setup:
Why investors are watching:
At welomoney, our view aligns with the idea that selective buying in strong sectors like banking and infrastructure can offer short-term gains.
UCO Bank, NBCC, and PNB stand out as top picks under ₹200 based on current technical setups.
While the market is still in a transition phase, improving momentum and strong support levels suggest that downside risk is limited.
Traders should stay cautious, track key index levels, and follow disciplined execution to make the most of these opportunities.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. welomoney does not provide personalized investment recommendations.
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