Correction is expected to continue, but this is the right time to accumulate quality stocks, most of experts feel
Mitesh Thakkar of miteshthakkar.com suggests selling Axis Bank with a stop loss of Rs 688 for target of Rs 655 and Equitas Holdings with a stop loss of Rs 104 for target of Rs 95.
Mitesh Thakkar of miteshthakkar.com recommends buying Bharti Airtel with a stop loss of Rs 461 for target of Rs 485 and GAIL India with a stop loss of Rs 125 for target of Rs 137.
Rusmik Oza of Kotak said high expectations from the Budget could lead to a good start for Indian equities in 2020.
Of the qualitative IPOs, we recommend four companies that listed in the last two-to-three years and have delivered consistent performance in a volatile market
Given current market sentiment and high perceived risk towards corporate governance issues, it is best to avoid poorly governed mid and smallcap companies with question marks on their financials, Rusmik Oza advised.
Though the midcaps are going through rough phase, we believe that it's a time to look for good pedigree stocks that delivered phenomenal performance in Q1 and are expected to do so in the subsequent quarters.
It would be advisable to remain light on positions and stock-specific.
Despite the expected volatility, here are top 10 stocks where analysts initiated coverage with a buy rating in February
Daily momentum indicator RSI seems to be turning towards on northward side also creating positive rhythm in the scrip.
A breakout of descending trend line on lower time frame will occur only above 10,881, suggesting a tight range for the index—10720 to 10881
For next week, Nifty has strong support at 10,730-10,650 levels and resistance at 10,870-10,940 levels
Rajesh Agarwal of AUM Capital recommends buying Hero MotoCorp with stop loss at Rs 2890 and target of Rs 2960, Just Dial with stop loss at Rs 497 and target of Rs 528 and Siemens with stop loss at Rs 904 and target of Rs 975.
Rajesh Agarwal of AUM Capital recommends buying Bandhan Bank with stop loss at Rs 367 and target of Rs 400, ICICI Bank with stop loss at Rs 309 and target of Rs 325 and SRF with stop loss at Rs 1754 and target of Rs 1838.
Rajesh Agarwal of AUM Capital recommends buying CESC with stop loss at Rs 884 and target of Rs 935, Bandhan Bank with stop loss at Rs 458 and target of Rs 485 and AU Small Finance Bank with stop loss at Rs 599 and target of Rs 645.
As many as 20 companies listed on the exchanges with an issue size of more than Rs 1,000 crores. Out of 20 companies, as many as 12 companies have fallen between 2-75 percent since their listing while the rest 40 percent gave positive returns.
Rajesh Agarwal of AUM Capital recommends buying Bajaj Finance with stop loss at Rs 2198 and target of Rs 2350, NIIT Technologies with stop loss at Rs 1163 and target of Rs 1235 and Bandhan Bank with stop loss at Rs 498 and target of Rs 530.
In the last week, the Sensex lost 1850.15 points to close at 34,376.99, while Nifty shed 614 points to close at 10,316.45.
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.
Rajesh Agarwal of AUM Capital recommends buying Aurobindo Pharma with stop loss at Rs 612 and target of Rs 645, Bandhan Bank with stop loss at Rs 545 and target of Rs 575 and Marico with stop loss at Rs 335 and target of Rs 349.
Rajesh Agarwal of AUM Capital recommends buying Cipla with stop loss at Rs 604 and target of Rs 632, Colgate Palmolive with stop loss at Rs 1165 and target of Rs 1208 and Tata Motors with stop loss at Rs 261and target of Rs 279.
The global research firm has initiated coverage on Bandhan Bank with a buy call and a target price of Rs 650 per share, implying an upside of 29 percent.
Rajesh Agarwal of AUM Capital recommends buying Reliance Industries with target at Rs 1039 and stop loss at Rs 960 and L&T Finance Holdings with target at Rs 178 and stop loss at Rs 163.
"Bandhan’s unique business model returning it high NIMs of 9.5-10 percent has ensured rapid brick and mortar expansion does not affect profitability," says Sumit Bilgaiyan, Founder of Equity99.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.