Anand Rathi Analyst Recommends Trident, UCO Bank, MMTC Under ₹100 as Bank Nifty Eyes Breakout

The Quick Take

• Analyst Mehul Kothari of Anand Rathi recommends buying Trident, UCO Bank, and MMTC — all priced under ₹100 — as accessible India equity opportunities
• Bank Nifty is expected to trade in a 57,000-59,000 range next week, with breakouts from this band signaling the broader market trend direction
• Indian markets remain broadly strong with easing crude oil prices providing a macro tailwind for domestic businesses

Mehul Kothari, analyst at Anand Rathi, has recommended three stocks priced below ₹100 as buy candidates for the coming week: Trident Limited, UCO Bank, and MMTC (Metals and Minerals Trading Corporation). The ₹100 price ceiling framing targets the substantial retail investor segment in India that prefers lower nominal prices for liquidity and lot-size accessibility in futures and options markets. Trident, a textile and paper manufacturer, represents a value play in India's domestic manufacturing cycle; UCO Bank reflects a bet on India's public sector banking recovery story; and MMTC plays on commodity trade volumes amid normalizing global supply chains.

Bank Nifty at 57,000-59,000 is a technically significant range that serves as a leading indicator for broader market direction in India, given banking's heavy index weight in both Nifty 50 and Nifty Bank. A breakout above 59,000 would be broadly bullish and could catalyze momentum buying across midcap and smallcap financial sector names. The analyst's mixed-signal assessment acknowledges that while the underlying macro environment—easing crude, resilient corporate earnings, steady FII inflows—supports an upward trend bias, short-term consolidation is the base case before directional clarity emerges. UCO Bank specifically sits in the PSU banking basket, which tends to show sharp moves on any government policy announcements related to banking consolidation or recapitalization.

The macro variable to watch is global crude oil prices, which have an outsized impact on Indian equity markets through their effect on inflation, the INR, current account deficit, and corporate input costs. Easing crude supports a dovish RBI posture, lower input costs for manufacturers (benefiting Trident), and reduced energy import bills that support INR stability. For MMTC specifically, commodity price normalization globally determines trading volumes and margins. The coming week's RBI communication and any announcement on the next policy rate decision will be closely watched as the primary domestic policy signal for India equity positioning.

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