New Delhi: With the markets correcting 2.1 per cent for the week and more volatility expected, analysts give their favourite stock picks for the short to medium to longer term. They also caution investors to exercise some caution in the days ahead.
With the markets correcting 2.1 per cent for the week and more volatility expected, analysts give their favourite stock picks for the short to medium to longer term. They also caution investors to exercise some caution in the days ahead.
Saregama India, Liberty Shoes, Matrix Labs, Orchid Chemicals, Visualsoft, Polaris and Scandent are some of the off beat ideas for the short to longer term while ONGC, Gail, Satyam, and Tata Steel are looking good for both the near-term and the long-term.
Ambareesh Baliga, Karvy Stock Broking
Watch out for frontline stocks from the FMCG and IT sector
Investors should watch out for frontline stocks from the FMCG and IT sector. Infosys, TCS, HLL and ITC would be my top-pick for the rally ahead. While the long-term investors could still afford to wait, the short-term investors should try to exit the market at every rally, which is likely to continue till the budget.
Sandeep Wagle, Angel Stock Broking
Punjab Tractors and Finolex Cables: top picks
At 9,000 there would be lot of stocks ripe for cherry picking. Punjab Tractors would be a very good pick at around Rs 225-230 for a target of Rs 275-280 levels in the next three months. Finolex Cables is another stock I’d like to pick at around Rs 280 levels. The 3-6 month target for the stock is Rs 350-360.
Hitendra Vasudeo, Stockmechanics.com
I would prefer M&M at current levels
Among the frontline stocks, I would prefer M&M at current levels with a medium-term target of Rs 621 and our outer extent target for the stock is Rs 935 in the next 12 months.
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Sa Re Ga Ma and Liberty Shoes would be two offbeat ideas
Saregma India and Liberty Shoes would be two offbeat ideas. For Liberty Shoes short to medium term target would be Rs 315-330 and on the medium to long-term target it could reach Rs 480 levels.
Short-term target for Saregama would be Rs 310-320 and for the longer term the stock could touch Rs 450 and investors can buy the stock at declines at around Rs 255-260.
Gaurang Shah, Geojit Financial
Sector-wise auto and cement stocks could do well
Sector-wise auto and cement stocks could do well. Banking sector looks a little bit nervous but one has to be choosy in the banking space. While midcap It stocks are looking good, frontline stocks are under some correction pressure. Auto-ancillary, aluminium, copper, steel stocks in the metals pack are looking good. One can take a contrarian call on steel.
Top Picks: Sterlite, Hindalco, Nalco, Tata Steel
Sterlite is looking good in the copper segment. Nalco and Hindalco are looking good in the aluminium space and Tata Steel will be a contrarian pick in the steel sector. Long-term target for the stock would be Rs 625 and in the short to medium term one can see Rs 445-465 levels.
Visualsoft, Polaris and Scandent would all be good short-term picks
Buy calls could also be taken on certain midcap pharma stocks like Matrix Labs and Orchid Chemicals. One can stay away from Aurobindo Pharma as it has run up sharply, though, those who have already bought the stock can remain invested. Satyam Computers can have a strong upside if it doesn’t breaks Rs 735-740 levels. Visualsoft, Polaris and Scandent would all be good short-term picks.
ONGC has given a good breakout
ONGC has given a good breakout apart from Gail in the oil & gas sector. HPCL and BPCL should stay subdued if crude oil prices breach the USD 64 per barrel level in the international market. These would also suffer heavy losses due to the subsidy burden they suffer on sale of Kerosene and LPG.
Investors can take up to 25-30% investment call
At the lower levels of 2840-2830, investors can take up to 25-30 per cent investment call on the stocks mentioned above.
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