Market Experts Recommend MRPL and GMR Airports: Focus on Stocks Under ₹200

Market analysts Mehul Kothari of Anand Rathi and Sumeet Bagadia have issued fresh recommendations for short-term stock investments, with a specific focus on shares trading under the ₹200 mark. Kothari has identified Mangalore Refinery and Petrochemicals Limited (MRPL), Reliance Power, and GMR Airports as key picks for investors seeking value in the mid-cap space. These recommendations come at a time when the broader market is grappling with global uncertainties and a recent uptick in crude oil prices, which typically impacts the refining and power sectors.

Sumeet Bagadia highlighted a cautious but optimistic outlook for the Nifty, noting that immediate support for the index is currently established in the 23,200 to 23,250 range. On the upside, resistance is observed between the 23,650 and 23,700 levels. For the individual stocks recommended, the focus remains on technical breakouts and volume patterns. MRPL, in particular, is being watched for its performance relative to energy market shifts, while GMR Airports is seen as a proxy for the ongoing recovery in India’s aviation and tourism sectors.

The current recommendations reflect a shift in retail interest toward low-priced, high-volume stocks that offer potential for quick returns. However, both experts emphasize the importance of strict stop-losses, given the sensitive nature of the 23,000-level support for the Nifty. As global crude prices remain volatile due to West Asia tensions, energy-related stocks like MRPL and Reliance Power are expected to experience heightened price swings. Investors are advised to maintain a balanced portfolio, focusing on stocks with strong technical foundations and clear sector tailwinds like infrastructure and energy.