In the current market scenario, the pharmaceutical sector is experiencing a remarkable surge, with the Nifty Pharma index soaring by an impressive 75%. Key players in this space, such as Biocon and Aurobindo, have emerged as top gainers in the futures market. While some sectors, particularly automotive and metals, face downward pressure, the pharmaceutical and FMCG sectors continue to attract buyer interest. Additionally, with crude prices softening, paint stocks like Asian Paints, Berger, and Indigo have enjoyed gains ranging between 1% to 2%. Interglobe Aviation has also been a point of interest with noticeable buying activity.
Market Overview
The Nifty Auto index is currently among the worst performers, having declined by over 1%. Given this backdrop, market analysts have handpicked a selection of stocks poised for potential growth, offering opportunities for investors looking to enhance their portfolios. Below, we delve into specific stock picks from various market experts, along with their targets and recommended stop-loss levels.
Expert Stock Picks
Picks by Prakash Gaba of prakashgaba.com
Apollo Tyres: Prakash Gaba maintains a bullish outlook on Apollo Tyres, recommending it as a buy. He suggests a stop-loss at Rs 514, with a target price of Rs 530, indicating potential for modest gains.
Ashish Baheti’s Recommendation
Godrej Consumer Products: Ashish Baheti advocates for buying Godrej Consumer Products, setting a target price between Rs 1530 and Rs 1550. He advises placing a stop-loss at Rs 1480 to mitigate risks.
Amit Seth’s Insights
Tata Consumer Products: Amit Seth is optimistic about Tata Consumer Products, recommending it as a buy with a target price of Rs 1235. A stop-loss at Rs 1190 is suggested to safeguard investment interests.
Ashish Chaturmohata’s Take
Titan: Ashish Chaturmohata expresses confidence in Titan, advising investors to consider it for their portfolios. A stop-loss of Rs 3550 is recommended, with an ambitious target set at Rs 4200, indicating a promising upside.
Shilpa Raut’s Viewpoint
Interglobe Aviation (Fut): Shilpa Raut sees potential in Interglobe Aviation, recommending it for cautious investors. She suggests a stop-loss at Rs 4800, with an upward target of Rs 4950 to Rs 5000, projecting a positive trajectory for the stock.
Conclusion
As market dynamics shift, the highlighted stocks offer a glimpse of potential investment opportunities. However, it is essential for investors to conduct thorough research and consider personal financial circumstances before making investment decisions.
Disclaimer: The views expressed in this article are those of the respective experts and do not necessarily reflect the views of the management of Moneycontrol. Readers are advised to consult certified financial advisors before making any investment decisions.
