New Delhi: Analysts give their stock picks for the short term as well as the long-term. Educomp Solutions, TCS, Infosys, M&M, Priyadarshini Spinning, Tata Steel and Aditya Birla Nuvo are some names they recommend.
E Mathew, Technical analyst
As far as strategy is concerned, traders can buy into weakness
As far as strategy is concerned, traders can buy into weakness. Whenever, there is a correction they can buy shares that are strong techno-fundamentally. Investors can look at shares where valuations are still attractive with a long-term perspective.
One has to take a very stock-specific view at such high levels
Essentially, one has to take a very stock-specific view at such high levels. Even in this market, there are opportunities that are under valued. Now that the earnings season is almost over there is much more clarity as to the future outlook of the market. One can now take a techno-fundamental view and look at stocks.
Stocks for short and long term
Priyadarshini Spinning Mills have come out with stellar results and is worth looking at, at current levels. Tata Steel, in the large caps will be a good buy at dips. Stock in the infrastructure sector like IVRCL can also be looked at, at lower levels. However, IVRCL is a long-term fundamental idea.
While Tata Steel has the potential to touch Rs 700 levels in one month or so, Priyadarshini has the potential to hit Rs 72 over the next 12 months.
E Mathew’s disclaimer: I, my family members and my group companies do not have any position what so ever in Priyadarshini Spinning Mills Ltd, Tata Steel & Ivrcl Ltd. These stocks have been recommended to our newsletter and broking clients in the past and they may be holding long or short positions in this stock.
Upendra Kulkarni, Fortress Financial
Watch out for pharma and oil stocks
Sector-specific one can keep a keen eye on the pharmaceuticals companies. If prices of crude oil go down substantially, then even oil stocks can be looked at.
Company specific one can look at Aditya Birla Nuvo, RcoVL,.....
Company specific one can look at Aditya Birla Nuvo, RCoVL, and Reliance. Post RPL listing, Reliance is likely to get a leg-up as it owns.
M&M is a good proxy in the auto sector
M&M looks attractive as raw material prices and oil prices go up. The company can be a good proxy in the auto sector. The company is also talking about entering the two-wheeler sector.
Sumeet Rohra, Antique Stock Broking
Technology stocks along with PSUs should do well next week
Technology stocks along with PSUs should do well next week. HPCL has done very well this week and will continue with its good run next week also. Investors can also closely look at IOC.
In the tech space, watch out for Infosys
In the tech space, stocks like Infosys will perform exceedingly well. The stock can spurt by over Rs 200 (from Friday’s close) in a short period of time (about two weeks). The stock has broken the triangle pattern, which basically means that the stock has the potential to go to Rs 3400 soon. However, the three-month target for the stock is Rs 3700 (about two months).
TCS in the tech space is also a good bet
TCS in the tech space is also a good bet. Investors can bag that stock as well for some gains going ahead. Apart from that quality mid cap companies will do good in the next two-four weeks. In the mid cap space, one stock that is poised for good performance is Educomp. The stock has consolidated well and can give 15% returns over the next seven sessions.
Bhel and Punj Lloyd can give good returns
Other large cap that can give good returns is BHEL. The stock is headed to Rs 2600 going forward. Punj Lloyd is yet another trading bet for the short to medium term. This stock is headed to Rs 1210-1215 levels soon.
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