Top Bullish Stocks to Buy Amid Market Consolidation

Baishakhi Mondal

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Top Bullish Stocks to Buy Amid Market Consolidation

As the market enters a phase of consolidation ahead of the Federal Reserve’s upcoming meeting on interest rates, investors are closely monitoring key indices. The Nifty index maintains a robust position above the 24,000 mark, while the Sensex trades prominently above 83,100. Major stocks like ICICI Bank, Bharti Airtel, L&T, and Reliance are providing support to the market. On the corporate front, both SpiceJet and Samvardhana Madrasan have launched Qualified Institutional Placement (QIP) issues to raise capital, with SpiceJet targeting ₹3,000 crore and Samvardhana aiming for ₹6,400 crore. Despite this, SpiceJet’s shares have dropped over 4% following the announcement, and there is a slight decline in Samvardhana Madrasan’s stock as well. Amid these market dynamics, prominent analysts recommend focusing on stocks that are poised for strong returns.

Expert Stock Picks to Consider

Picks by Prakash Gaba of prakashgaba.com

United Breweries: Prakash Gaba is optimistic about the prospects of United Breweries’ stock. He advises buying this stock with a stop-loss set at ₹2,100, anticipating a target price of ₹2,150. Investors seeing potential in this stock may find it a sound entry point.

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Manas Jaiswal’s Choice

Trend: Manas Jaiswal has a bullish outlook on Trend’s stock as well. He recommends purchasing shares with a stop-loss of ₹7,249, with an expected target of ₹7,600. For investors willing to diversify, this stock may present promising growth opportunities.

Rajesh Satpute’s Choice

ICICI Bank (FUT): Rajesh Satpute holds a positive view on ICICI Bank shares, advising a buy with a stop-loss at ₹1,240 and a target price of ₹1,300. This recommendation aligns with the bank’s consistent performance and growth trajectory.

Ashish Baheti’s Picks of NAV Investments

Colgate: Ashish Baheti predicts a good outlook for Colgate stocks. He suggests buying this stock with a stop-loss of ₹3,600, aiming for a target price of ₹3,800. Colgate’s brand strength and consumer loyalty could drive its performance positively.

Kavita Jain’s Choice

Axis Bank: Kavita Jain is optimistic about Axis Bank’s stock. She recommends entry at current levels with a stop-loss set at ₹1,228 and a targeted price of ₹1,275, supported by the bank’s solid fundamentals and market position.

Market Insights and Trends

Analyst Stock Action Stop-loss Target Price
Prakash Gaba United Breweries Buy ₹2,100 ₹2,150
Manas Jaiswal Trend Buy ₹7,249 ₹7,600
Rajesh Satpute ICICI Bank (FUT) Buy ₹1,240 ₹1,300
Ashish Baheti Colgate Buy ₹3,600 ₹3,800
Kavita Jain Axis Bank Buy ₹1,228 ₹1,275

Disclaimer: The opinions expressed here are those of the experts and do not necessarily reflect the views of the platform. It is advisable for readers to consult certified financial advisors for tailored investment guidance before proceeding with any financial transactions.

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