With the benchmark indices showing resilience despite volatility in the IT sector, market experts are leaning toward a selective 'buy-on-dips' strategy. Mehul Kothari, a technical analyst at Anand Rathi, has highlighted a trio of low-cap stocks currently priced under the ₹200 threshold that deserve investor attention.
Technical analysis suggests that as long as the market maintains a firm support level at 57,000, there remains room for upside momentum. Among the featured picks, Indian Overseas Bank and Motherson Sumi Wiring stand out as potential value plays for those looking to bolster their portfolios with affordable entry points.
Strategic Outlook:
- Focus on stocks showing relative strength during market consolidation.
- Utilize the current support levels to accumulate quality assets.
- Monitor sectoral shifts, as IT weakness may be offset by gains in other segments.
Investors are advised to exercise caution and maintain tight stop-losses, as the broader market environment remains sensitive to global cues. While these low-priced equities offer attractive valuation, disciplined risk management remains paramount for long-term growth.
