
Nifty 50 index has continued its upward momentum, gaining nearly 2% for the second consecutive week.
Stocks to Buy Today, Share Market Latest News: The Indian stock market has been on a strong upward trend, driven by the US Federal Reserve’s 50-basis-point rate cut and hints of further reductions. Lower-than-expected US jobless claims have also eased recession fears, contributing to market optimism.
The Nifty 50 index has continued its upward momentum, gaining nearly 2% for the second consecutive week. On a monthly basis, the index has risen over 2%, maintaining its positive trend since June, and is up around 19% so far this year.
While experts remain optimistic about the domestic market, they advise investors to be cautious and focus on quality stocks. Analysts have identified 11 stocks that are expected to rise by 7-27% in the coming 3-4 weeks.
Stocks to Buy Today, Share Market Latest News
Here are the recommendations by experts, as given by LiveMint:
Shiju Koothupalakkal, Technical Research Analyst, PL-Capital - Prabhudas Lilladher
- SBI Life Insurance Company
Previous Close: Rs 1,870.25
Buying Range: Rs 1,860-1,885
Target Price: Rs 2,120
Stop Loss: Rs 1,770
Upside Potential: 13%
- Escorts Kubota
Previous Close: Rs 4,079.25
Buying Range: Rs 4,050-4,100
Target Price: Rs 4,575
Stop Loss: Rs 3,770
Upside Potential: 12%
- Havells India
Previous Close: Rs 2,048.10
Buying Range: Rs 2,030-2,060
Target Price: Rs 2,270
Stop Loss: Rs 1,955
Upside Potential: 11%
Mandar Bhojane, Equity Research Analyst, Choice Broking
- Housing & Urban Development Corporation (HUDCO)
Previous Close: Rs 251.05
Target Price: Rs 300 and Rs 320
Stop Loss: Rs 220
Upside Potential: 27%
- Cummins India
Previous Close: Rs 3,814.05
Target Price: Rs 4,100 and Rs 4,200
Stop Loss: Rs 3,600
Upside Potential: 10%
- Jindal Stainless
Previous Close: Rs 776.70
Target Price: Rs 850 and Rs 870
Stop Loss: Rs 720
Upside Potential: 12%
Vishnu Kant Upadhyay, AVP of Research and Advisory, Master Capital Services
- BPCL
Previous Close: Rs 331.20
Buying Price: Rs 330
Target Price: Rs 360 and Rs 365
Stop Loss: Rs 308
Upside Potential: 10%
- Punjab National Bank (PNB)
Previous Close: Rs 108.41
Buying Price: Rs 108
Target Price: Rs 122 and Rs 125
Stop Loss: Rs 99.50
Upside Potential: 15%
- Rail Vikas Nigam (RVNL)
Previous Close: Rs 544.25
Buying Range: Rs 540
Target Price: Rs 622 and Rs 630
Stop Loss: Rs 489
Upside Potential: 16%
Jigar S. Patel, Senior Manager of Equity Research, Anand Rathi Share and Stock Brokers
- Maruti Suzuki India
Previous Close: Rs 12,614.50
Buying Range: Rs 12,500-12,650
Target Price: Rs 13,500
Stop Loss: Rs 12,100
Upside Potential: 7%
- Havells India
Previous Close: Rs 2,048.10
Buying Price: Rs 2,030
Target Price: Rs 2,230
Stop Loss: Rs 1,930
Upside Potential: 9%
- JK Paper
Previous Close: Rs 457.05
Buying Range: Rs 440-460
Target Price: Rs 535
Stop Loss: Rs 405
Upside Potential: 17%
Investors are encouraged to consider these stocks, as they show strong potential for significant gains in the coming weeks. However, experts advise careful monitoring and appropriate stop-loss measures to minimize risks.
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