Yesterday Indian Stock Market was red after three weeks of a positive run. This is because of the rising tension between India and Pakistan. On 7th May, Sensex dropped by 156 points and ended at 80,641. On the other hand, Nifty 50 was down by 82 points and closed at 24,379.60. How will the market perform today, and what are the stocks to watch? Let’s check experts like Vaishali Parkh, Sumeet Bagadia’s recommendations.
Stocks to Buy Today by Vaishali Parekh
1. Shriram Finance: The first recommendation of the day is Shriram Finance. You can buy these shares at Rs 637 and aim to sell at a target price of Rs 665. Don’t forget to put a stop loss at Rs 622.
2. Zen Tech: Another good stock to watch today is Zen Tech. You can purchase these shares at Rs 1,384 and target to sell at Rs 1,420. Make sure you have a stop loss at Rs 1,350.
3. Dredging Corporation of India: The last recommendation of the day by Vaishali Parekh is Dredging Corporation of India. You can buy these shares at Rs 569 and target to sell at Rs 600. Investors are advised to keep a stop loss at Rs 550.
Stocks to Buy Today by Sumeet Bagadia
1. Mahamaya Steel Industries: The first recommendation on the list is Mahamaya Steel Industries. You can purchase these shares at Rs 276.05 and target to sell at Rs 296. Make sure to have a stop loss at Rs 266.
2. Alivus Life Science: The second recommendation for the day is Alivus Life Sciences. You can purchase these shares at Rs 1,111. Then target is to sell at Rs 1,188. Do remember to keep a stop loss at Rs 1072.
3. RR Kabel: Another good stock to watch today is RR Kabel Ltd. You can purchase these shares at Rs 1,213.5 and target to sell at Rs 1,300. Do remember to keep a stop loss at Rs 1,171.
4. Elecon Engineering Company: The fourth stock on the recommendation list is Elecon Engineering Company. You can buy these shares at Rs 593.6 and target to sell at Rs 636. Make sure to keep a stop loss at Rs 572.
5. Cholamandalam Financial Holdings: The last recommendation for today by Sumeet Bagadia is Cholamandalam Financial Holdings. These shares can be bought at Rs 1,886, and the target to sell will be Rs 2,018. Also, investors are advised to keep a stop loss at Rs 1820.
Disclaimer: All the above recommendations are made by market analysts; India Hood does not recommend any buy or sell. Investors are strongly advised to consult with certified experts before any investment-related decision.
