16 May, 2026: Stocks under ₹200 are back in focus after Mehul Kothari’s stock picks from Anand Rathi included Wipro, Canara Bank and ABFRL following the recent market correction. With volatility rising again, analysts are now looking at cheaper stocks where valuations have cooled and downside risk appears lower.
Author: Aadarsh Patel | EQMint
The timing matters.
Markets have turned unstable because of rising crude oil prices, global uncertainty and weaker investor sentiment after Q4 earnings. That usually pushes traders toward stocks that already corrected heavily.
Wipro may be a recovery trade
Wipro has stayed under pressure for months because global IT spending slowed and investors moved away from tech stocks.
But the Stocks Under ₹200 also corrected sharply during that period.
Analysts now believe the risk-reward setup looks better near current levels as valuations have cooled significantly compared to previous years.
Canara Bank reflects continued interest in PSU banks
PSU banks may have already rallied strongly, but analysts still see value in select names like Canara Bank stock.
The sector continues benefiting from:
- Better asset quality
- Stronger loan growth
- Improved profitability
Compared to private banks, PSU banking stocks still trade at lower valuations, which keeps investor interest alive during market corrections.
ABFRL remains the high-risk pick
ABFRL share news has stayed weak for months as retail and fashion stocks faced pressure because consumer spending slowed across urban markets.
But after a deep correction, analysts expect technical recovery potential if broader sentiment improves. The stock now trades far below earlier highs, which is attracting bargain hunters again.
The larger market trend is changing
This shift says something important about the current market. Investors are becoming more selective.
Instead of blindly chasing expensive momentum stocks, analysts are now looking at sectors where pessimism may already be priced in.
That doesn’t guarantee a rally. But it shows the market is slowly rotating back toward value and recovery opportunities instead of pure hype-driven trades.
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Disclaimer: This article is not an investment advice and is for educational purpose only
