Which stocks to buy? BEL, Glenmark Pharma, TCS, HDFC Bank, Navin Fluorine, MCX and other shares analysts recommend
Stocks to buy this week: In conversation with Zee Business, market experts Himanshu Gupta, Vishvesh Chauhan, Sumeet Bagadia and Sandeep Jain share their top recommendations for the holiday-truncated week between April 3-7, 2023.
Stocks to buy this week: In conversation with Zee Business, market experts Himanshu Gupta, Vishvesh Chauhan, Sumeet Bagadia, and Sandeep Jain share their top recommendations for the holiday-truncated week between April 3-7, 2023.
The Indian stock market is expected to be shut on April 4 and 7 on account of Mahavir Jayanti and Good Friday, respectively.
Stocks such as Bharat Electronics Limited (BEL), Glenmark Pharma, TCS, Navin Fluorine, HDFC, HDFC Bank, Oracle Financial Services Software (OFSS) among others are on their 'buy' list for this week.
Here's Himanshu Gupta, Vishvesh Chauhan, Sumeet Bagadia and Sandeep Jain recommend for the April 3 session in this instalment of the special 'Pick of the Week' segment on Zee Business:
Bharat Electronics Limited (BEL) shares
Buy Bharat Electronics Limited (BEL) shares | Target: Rs 103/105 | Stop loss: Rs 94
Zee Business panelist and market expert Himanshu Gupta recommended to ‘buy’ Bharat Electronics Limited (BEL) shares, an underperformer among defense stocks.
He said that BEL shares weren’t participating in the rally, however, it closed with a gap-up and sustained the gaining trend on Friday. This indicates that the correction cycle is completed and a rally in the stock is likely this week, Gupta added.
Image Source: Pixabay
Glenmark Pharma shares
Buy Glenmark Pharma shares | Target: Rs 488/520 | Stop loss: Rs 440
According to the market expert Vishvesh Chauhan, an action in pharma stocks was seen lately after a long time and among this, Glenmark Pharma’s share price indicates medium-term bottom and is likely to show an up move this week, hence he advised to accumulate this stock.
Image Source: Pixabay
TCS shares
Buy TCS shares | Target: Rs 3,250/3,300 | Stop loss: Rs 3,150
Choice Broking Executive Director Sumeet Bagadia said that a good rebound in IT stocks from lower levels was seen on Friday and he believes this momentum may continue in IT stocks.
As per Bagadia, an up move in TCS shares is possible this week and hence advised for fresh buy and also suggested to hold existing positions.
IT heavyweight Tata Consultancy Services is scheduled to announce its March quarter earnings on April 12, 2023.
Image Source: Pixabay
HDFC twins, Navin Fluorine, OFSS shares
Buy Grindwell Norton, HDFC futures, HDFC Bank Futures, Navin Fluorine, Oracle Financial and MCX shares
TradeSwift Director Sandeep Jain recommended to buy shares of Grindwell Norton, HDFC futures, HDFC Bank futures, Navin Fluorine, Oracle Financial, and MCX on the back of strong fundamental and technical outlooks for bumper returns this week.