As markets turned volatile last week, analysts give Moneycontrol their top picks and strategies for traders and investors for this week. Finolex Industries, EID Parry and paper stocks like Bilt and TNPL are the new entrants.
As markets turned volatile last week, analysts give Moneycontrol their top picks and strategies for traders and investors for this week. Finolex Industries , EID Parry and paper stocks like Bilt and TNPL are the new entrants.
Sumeet Rohra, Antique Stock Broking
Start accumulating paper stocks
Investors should start accumulating paper stocks along with sugar stocks. Iím very excited on stocks like BILT , Tamil Nadu Newsprint and West Coast Paper . BILT is now going for a demerger of its real estate and power division and focus on the core paper business. The stock could touch Rs 134 in the first few trading-days next week.
Chennai Petroís next week target of Rs 282
As crude oil prices move up stocks like ONGC and Chennai Petroleum should do very well. We have seen a flamboyant close in Chennai Petroleum this week and this bullishness should spill into next week. First target on this stock would be Rs 282 next week.
Other top picks: Maruti, Hinduja TMT
Maruti , too, has given a breakout closing of Rs 686 and the momentum in this stock shall continue next week. Hinduja TMT has not participated in this rally and Iíll be astonished if the stock does not move up going ahead. I firmly believe that it is an excellent value-buy and there can be a rally any time in the future in this stock.
ABG Shipyard is a pioneer in the shipbuilding sector
ABG Shipyard was up 10% yesterday and investors will have exciting days in this company going ahead as its order book continues to swell. Being a pioneer in the shipbuilding sector, the stockís ready for a re-rating.
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READ MORE ON Sumeet Rohra, Antique Stock Broking, Bilt, Finolex Industries, EID Parry , TNPL, West Coast Paper, trading, paper business, ONGC, Chennai Petroleum, Maruti, Hinduja TMT, ABG Shipyard, Hitendra Vasudeo, Stockmechanics.com, auto, capital goods, sugar, GSFC, Mawana Sugar, Jigar Desai, Angel Stock Broking, Prithvi Information Solutions, Chambal Fertilizers, Federal Bank, Banswara Syntex, S Kumarís Nations, Alok Textiles, Welspun India, Deven Choksey, K R Choksey, Infosys
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All portents good; optimistic for next few Diwali's: Damani