Yesterday was another day with a big downtrend in the Indian Stock Market. The Nifty 50 declined by 256 points, that’s 1.02% down, and settled at 24712.05. On the other hand, the Sensex also fell 849 points, that is a 1.04% decline, and closed at 80786.54. This decline wiped out Rs 6 lakh crores worth of wealth in a single day. What are the good stocks to invest in this situation? Let’s take a look at recommendations by experts like Vaishali Parekh and Sumeet Bagadia.
Stocks to Buy Today by Vaishali Parekh
1. ITC: The first stock on the recommendation list is ITC. It can be purchased at Rs 404 and later sold for Rs 412. Do remember to have a stop loss at Rs 400.
2. ABFRL: Another good stock to watch today is ABFRL. Investors can buy these shares for an entry price of Rs 83 and target to sell for Rs 87 later. It is also suggested to have a stop loss at Rs 80.
3. Devyani International: The last stock on the recommendation list by Vaishali Parekh today is Devyani International. These shares can be purchased for Rs 174 and later sold for Rs 180. But, make sure to have a stop loss at Rs 170.
Stocks to Buy Today by Sumeet Bagadia
1. Vishal Mega Mart: The first recommendation of the day is Vishal Mega Mart. You can purchase these shares at Rs 153.14 and target to sell at Rs 164. Do remember to keep a stop loss at Rs 147.
2. IPCA Laboratories: The second stock on the list is IPCA Laboratories. Investors can purchase these shares at Rs 143450 and later target to sell for Rs 1535. It is also suggested to have a stop loss at Rs 1383.
3. eClerx Services Limited: Another good stock to watch today is eClerx Services. It can be purchased at an entry price of Rs 4454.90 and later sold for a target price of Rs 4767. Make sure to have a stop loss at Rs 4298.
4. Ola Electric Mobility: The fourth stock on the recommendation list is Ola Electric Mobility. You can purchase these shares at Rs 50.82 and later it can be sold for Rs 54.37. It is also recommended to have a stop loss at Rs 49.
5. Devyani International: The last stock on the recommendation list by Sumeet Bagadia today is Devyani International. You can purchase these shares at Rs 174.09 and later sell for Rs 187. Make sure to have a stop loss at Rs 167.
Disclaimer: All the information mentioned above is from individual analysts or broking companies. Indiahood does not give any advice. Make sure to consult with certified experts before taking any investment-related decisions. This Article is for educational purposes only.
