Market Overview
The stock market is currently experiencing a bullish sentiment, with major indices such as Nifty, Sensex, and Midcap reaching all-time highs. Notably, stocks in the sugar and liquor sectors have shown significant activity, with companies like Dhampur, Triveni, and Radico Khaitan reporting gains of over 4%. This surge follows the government’s recent approval for the production of Rectified Spirit and Extra Neutral Alcohol from sugarcane juice and B-heavy molasses, which is expected to enhance profitability in these sectors.
Market Pressures
While there’s excitement in various sectors, select FMCG stocks are facing downward pressure due to a 20% increase in import duty on palm oil. Hindustan Unilever (HUL) has seen a decline of more than 2%, and other companies such as Godrej Consumer, Britannia, and EMAMI are also experiencing notable drops. In light of these mixed signals from the market, financial experts are recommending strategic investments in stocks that promise robust returns.
Expert Stock Picks
Prakash Gaba’s Recommendations
Grasim Industries: Prakash Gaba remains optimistic about Grasim Industries, suggesting that investors consider purchasing this stock with a stop-loss set at Rs 2770. He anticipates a target price of Rs 2850, making it a potential profit opportunity for investors.
Rachana Vaidya’s Insights
LIC Housing Finance: Rachana Vaidya expresses a bullish outlook on LIC Housing Finance. She recommends acquiring this stock with a stop-loss at Rs 715, with a target range of Rs 745 to Rs 750.
Manas Jaiswal’s Choices
Oberoi Realty: Manas Jaiswal is confident about the prospects of Oberoi Realty. He advises buying the stock with a stop-loss at Rs 1784, targeting Rs 1875 in the near future.
Ashish Baheti’s Selections
Bharat Forge: According to Ashish Baheti, Bharat Forge is a stock to watch. He suggests investing with a stop-loss at Rs 1595 and a target of Rs 1650.
Tradebulls’ Recommendations
DLF (Futures): Sachchidanand Uttekar from Tradebulls shows a positive outlook on DLF, recommending that investors buy with a stop-loss at Rs 857 and anticipate a target between Rs 888 to Rs 905.
Dharmesh Kant’s Stock Pick
Ambuja Cements: Dharmesh Kant of Chola Securities expresses a favorable view on Ambuja Cements, recommending a buy with an expected target of Rs 690.
Investment Disclaimer
(Disclaimer: The opinions expressed in this article are those of the respective experts and do not necessarily reflect the views of Moneycontrol.com. Readers are advised to seek guidance from certified financial advisors before making any investment decisions.)
