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Stock of the Day: Market guru Anil Singhvi has identified his top stock picks for the day. He has selected Schloss and United Breweries (UBL) on the 'buy' side, and flagged Oberoi Realty as a potential shorting candidate.
Buy Range: CMP
Stop Loss: Rs 443
Targets: Rs 454, Rs 458, Rs 463
Bengaluru-based Schloss delivered strong Q1 results on Tuesday, beating Street expectations. The stock has now caught the attention of global brokerage Morgan Stanley, which has raised its target price from Rs 549 to Rs 562, signalling further upside potential.
Singhvi highlighted that the improving fundamentals post-results, combined with bullish institutional commentary, make Schloss a compelling buy for the near term.
United Breweries Ltd
Buy Range: CMP
Stop Loss: Rs 2015
Targets: Rs 2055, Rs 2075, Rs 2100
Singhvi is also bullish on United Breweries Ltd. (UBL), another Bengaluru-based company, after the beer major posted robust double-digit volume growth of 11 per cent YoY in Q1.
What stood out was that EBITDA was 10 per cent higher than analyst estimates, reflecting strong operational leverage. Singhvi added that investors should track the company’s post-earnings concall scheduled at 3 PM today, where management is expected to share forward-looking commentary and guidance.
Sell Range: CMP
Stop Loss: Rs 1840
Targets: Rs 1800, Rs 1785, Rs 1760
On the other hand, Singhvi has issued a sell call on Oberoi Realty after a large block deal hit the counters, triggering supply pressure.
He noted that the stock is unlikely to see a sharp bounce since its Q1 earnings were also below expectations, showing weakness across residential and commercial segments. The lack of near-term triggers and institutional offloading makes the risk-reward unfavourable at current levels.