Fundamental and Technical Stock Picks: L&T, Grasim, Titan, Lemon Tree Hotels, NMDC, Blue Star and others

Fundamental and Technical Stock Picks: After staging a mild recovery on Thursday following losses of around 1-1.5 per cent each for three straight sessions, domestic equity benchmarks are approaching the last session of the Holi holiday-shortened week with the bulls hoping for some more upside but a big cut on GIFT Nifty futures. Ahead of the opening bell, the contract -- which is an early indicator of the Nifty50 index -- has fallen more than 180 points to slip below the 24,650 mark, suggesting a gap-down start to the day.

Dalal Street participants are preparing their playbooks for the day. Zee Business analysts Ansh Jogendra Bhilwar and Pooja Tripathi have studied more than a dozen stocks and prepared a list of picks across cash, derivative, short-term (day trading and positional) and long-term (investment) themes. On their radar are stocks like L&T, Grasim, Titan, Lemon Tree Hotels, NMDC and Blue Star.

Stocks to trade in cash | Metropolis, Radico Khaitan

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Bhilwar suggests buying Metropolis shares in the cash segment for a target price of Rs 1,920 with a stop loss at Rs 1,730.

Tripathi recommends buying the Radico Khaitan stock for a target price of Rs 2,615 with a stop loss at Rs 2,538.

Stocks to trade in futures | NMDC, Hindustan Zinc

Bhilwar suggests buying NMDC futures for a target price of Rs 84 with a stop loss at Rs 76.

Tripathi recommends selling HZL futures for a target of Rs 580 with a stop loss at Rs 600.

Options trading stock picks | Oberoi Realty, IndiGo

Bhilwar suggests buying the 1,500 call option in Oberoi Realty for a target price of Rs 50 with a stop loss at Rs 20.

Tripathi recommends buying the 4,500 put option in IndiGo at Rs 143 for a target of Rs 250 with a stop loss at Rs 100.

Technical stock picks | Sun Pharma, Canara Bank

Bhilwar suggests buying Sun Pharma shares for a target of Rs 1,900 with a stop loss at Rs 1,730.

Tripathi recommends buying the Canara Bank scrip for a target of Rs 152 with a stop loss at Rs 146.

Fundamental stock picks | Orkla India, Titan

Bhilwar recommends buying the Orkla India stock for a target of Rs 605 with a stop loss at Rs 537.

Tripathi suggests buying the Titan counter for a target price of Rs 4,500 with a stop loss at Rs 4,120.

Stock investment picks | Bajaj Finserv, L&T

Bhilwar suggests buying Bajaj Finserv shares for a target price of Rs 2,100 with a stop loss at Rs 1,820.

Tripathi recommends buying Larsen & Toubro (L&T) shares for a one-year target price of Rs 4,400.

Stocks making headlines | Garden Reach, Dr Reddy’s

Bhilwar suggests buying Garden Reach Shipbuilders shares for a target of Rs 2,520 with a stop loss at Rs 2,353.

Tripathi recommends buying the Dr Reddy’s stock for a target of Rs 1,339 with a stop loss at Rs 1,300.

Special stock picks

Ansh Jogendra Bhilwar:

• Buy Grasim shares for a target of Rs 2,850 with a stop loss at Rs 2,660
• Buy Cholamandalam Finance shares for a target of Rs 1,775 with a stop loss at Rs 1,618
• Buy Aditya Birla Sun Life AMC shares for a target of Rs 933 with a stop loss at Rs 873

Pooja Tripathi:

• Buy the Lemon Tree Hotels stock for a target of Rs 115 with a stop loss at Rs 109
• Buy SAMHI Hotels shares for a target of Rs 155 with a stop loss at Rs 149
• Buy the Blue Star scrip for a target of Rs 1,990 with a stop loss at Rs 1,926

High-conviction stock picks

• Bhilwar’s pick: Orkla India
• Tripathi’s pick: Dr Reddy’s