Market Overview
Today, the stock market witnessed a notable rally, particularly within the metal and real estate sectors. Both sectors experienced an increase of approximately 1.5%, with prominent stocks such as Tata Steel, NMDC, NALCO, and SAIL each witnessing gains of over 2%. In the real estate sector, DLF and Godrej Properties were the standout performers, attracting significant buying interest.
The surge in gold prices has also positively impacted gold finance companies, leading to Muthoot and Manappuram becoming the top gainers in the futures market with an impressive rise of more than 3%. Additionally, stocks in anticipation of the Bajaj Housing listing, including Canfin Homes, Home First, and LIC Housing, experienced noteworthy upward momentum. Amidst this favorable market environment, leading market analysts are recommending a focus on stocks poised for strong profit potential.
Expert Stock Recommendations
Prakash Gaba’s Insights (prakashgaba.com)
TVS Motors: Prakash Gaba expresses optimism towards the stock of TVS Motor, recommending investors to consider buying at current prices. A stop-loss should be placed at Rs 2810, with a target price set at Rs 2860.
Ashish Baheti’s Selections (NAV Investments)
IndusInd Bank: Ashish Baheti is bullish on IndusInd Bank stock and suggests a buying opportunity. He recommends a stop-loss between Rs 1470-1490, with a target of Rs 1420 for investors.
Shilpa Rawat’s Choice
Can Fin Homes: Shilpa Rawat advocates for investment in Can Fin Homes, advising a stop-loss between Rs 945-960, with a target of Rs 895.
Prashant Sawant’s Recommendation
Coal India: Prashant Sawant shows confidence in Coal India stock, recommending a purchase with a stop-loss of Rs 520-525 and a targeted upside of Rs 485.
Rajesh Satpute’s Pick
Grasim Industries: Rajesh Satpute is optimistic about Grasim shares, advising a buy with a stop-loss at Rs 2725 and a target range of Rs 2800-2840.
Parthik Shah’s Stock Recommendation
Krishna Medical: Parthik Shah recommends positional buying in Krishna Medical, citing a potential target of Rs 3300 based on current market conditions.
Summary of Stock Recommendations
| Analyst | Stock | Stop Loss (Rs) | Target (Rs) |
|---|---|---|---|
| Prakash Gaba | TVS Motors | 2810 | 2860 |
| Ashish Baheti | IndusInd Bank | 1470-1490 | 1420 |
| Shilpa Rawat | Can Fin Homes | 945-960 | 895 |
| Prashant Sawant | Coal India | 520-525 | 485 |
| Rajesh Satpute | Grasim | 2725 | 2800-2840 |
| Parthik Shah | Krishna Medical | N/A | 3300 |
Disclaimer
The views and recommendations articulated in this article are solely those of the respective analysts and experts. Readers are encouraged to seek personalized investment advice from certified professionals before making any financial decisions.
