Experts expect the market to hit newer highs but are concerned it is gradually getting overvalued and looking at similar valuations like it was at the start of 2018
FY19 promises to be a volatile year for equity markets with indices moving 10-20% in either direction. There are plenty of global headwinds which might arrest the liquidity flow while on the other hand uncertainty around general elections, rising crude oil prices, as well as state election, rate action by the central bank is likely to cap upside.
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.
Anand Rathi has initiated coverage with buy rating on Sanghi Industries with price target of Rs 147, implying potential upside of 28 percent.
Nifty@10,000 is more of a psychological level than anything else. The only concern is that at this level, markets are fairly priced but that does not mean it is on the verge of a big correction.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com, gives a positive outlook on cement and few auto stocks.
According to Mitesh Thacker of miteshthacker.com, one can buy Sanghi Industries, Axis Bank and Natco Pharma.
Prakash Diwan of prakashdiwan.in is of the view that one may prefer Sanghi Industries and JK Lakshmi Cement from the cement space.
Ankur Kulshrestha of HDFC Securities likes Sanghi Industries with a target of Rs 85 and feels that Orient Cement may test Rs 210.
Kiran Jadhav of Precision Investment Services is of the view that one may buy Radico Khaitan with a target of Rs 109.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have â€“ PVR, JK Tyre, Apollo Tyres, Sanghi Industries, Bilt, Noida Toll Bridge, Cairn India, Vedanta, Asian Paints and Sintex Industries.