As we are near the fag end of the earnings season and most of major corporate earnings already priced in, and no major event lined up in the offing, the market is likely to take cues from globe, according to experts.
Mitessh Thakkar of miteshthacker.com suggests selling Tata Chemicals and Pidilite Industries.
According to Manoj Murlidharan of Religare Securities, one can buy ITC, Bharti Airtel and GAIL India.
Prakash Gaba of prakashgaba.com is of the view that one can buy Bharat Financial Inclusion, GAIL India, NMDC and State Bank of India.
Godrej Agrovet, GAIL, pharma and auto, among others, are being tracked by analysts today.
Most of the high beta stocks saw strong momentum in the year 2017 and is finding favour in the year 2018 as well. But, will it work every time? Well, analysts are of the view that out-of-favor stocks have beaten the benchmark in the last 10 years.
Prakash Gaba of prakashgaba.com is of the view that one may hold Gail India for long term.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Cummins India and RCF and can hold Reliance Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Amara Raja Batteries, Gail India and Suprajit Engineering.
According to Sudarshan Sukhani of s2analytics.com, one may buy Tata Chemicals, Tech Mahindra, Gail, Zee Entertainment and Voltas.
Citi said it has maintained Indraprastha Gas as its preferred long-term pick and Gujarat State Petronet remained its preferred near-term pick while it stayed constructive on Gujarat Gas & Petronet LNG. However, it has a sell call on Mahanagar Gas.
Mitessh Thakkar of mitesshthakkar.com recommends buying Steel Authority of India with a stop loss of Rs 81.50 and target of Rs 87, ICICI Prudential Life Insurance above Rs 398, with stop loss of Rs 391 and target of Rs 414 and a buy also on Idea Cellular with a stop loss of Rs 96 for target of Rs 103.
Inox, GAIL and BHEL, among others, are on the radar of analysts on Monday.
Mitessh Thakkar of mitesshthakkar.com has a buy on Axis Bank with a stop loss of Rs 540 and target of Rs 565 and a buy on Havells India with a stop loss of Rs 548 and target of Rs 575.
Mitessh Thakkar of miteshthacker.com advises selling IDFC with a target of Rs 55.
Mitessh Thakkar of miteshthacker.com advises buying Aurobindo Pharma with a target of Rs 710.
Ashwani Gujral of ashwanigujral.com suggests buying HDFC Bank, Voltas, UPL, GAIL India, Can Fin Homes and Bharti Airtel.
Ashwani Gujral of ashwanigujral.com suggests buying VIP Industries, Tech Mahindra and GAIL India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Yes Bank, Punjab National Bank and GAIL India while he feels that Maruti Suzuki is likely to hit new highs.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Raymond, GAIL India and Granules India and can hold LIC Housing Finance and Siemens.
Global research firm CLSA suggests a buy on Gujarat Gas on any weakness in anticipation of a collapse in spot LNG price in 2018. It feels that strong spot LNG price may be seen as a negative for Gujarat Gas.
Ashwani Gujral of ashwanigujral.com has a buy on Rain Industries with a stop loss of Rs 315, target of Rs 332, a buy on United Breweries with a stop loss of Rs 1090, target of Rs 1150 and a buy on Sun Pharma Advanced Research with a stop loss of Rs 410, target of Rs 435.
Ashwani Gujral of ashwanigujral.com recommends buying Raymond, Kwality, GMDC, Bajaj Finance, Idea Cellular and Bombay Burmah.
This rating upgrade is critical because, at Baa3, India’s rating was just above speculative grade and was not reflecting the true picture of the reforms initiated by the Modi government in the past three years.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Maruti Suzuki, Voltas, Infosys, L&T Finance Holdings and United Spirits.