Anil Singhvi Stock Picks: Market guru recommends buying these shares; see targets

Indian equity markets opened in the red on Thursday but quickly bounced back, with benchmark indices moving into positive territory by mid-morning, supported by strong corporate earnings and selective sectoral buying. Following a string of impressive quarterly results, market veteran Anil Singhvi has highlighted several stocks and has given buy call and price targets with stop loss levels.

At 11:03 am, the BSE Sensex was up 241 points or 0.29 per cent at 84,708.17, while the Nifty 50 advanced 75 points or 0.29 per cent to 25,951.60. Asian Paints, Tata Steel were the top gainers in early trade.

Tata Steel share price target

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Market guru Anil Singhvi pointed that Tata Steel delivered robust performance in its Indian and South Eastern operations. Rising debt levels remain a concern, potentially prompting profit booking at higher levels. Futures support is at Rs 175, with higher levels near Rs 185.

IRCTC Futures share price target

Anil Singhvi highlighted that the results were in line with expectations, supporting a bullish outlook. Futures support stands at Rs 700, with higher levels at Rs 730.

IGL Futures share price target

IGL reported weak results on all parameters, prompting caution. Futures support is Rs 202, with resistance at Rs 217.

Pfizer share price target

The pharmaceutical giant posted another quarter of strong results. Anil Singhvi recommended Stop loss is Rs 4,975, with targets at Rs 5,090, Rs 5,140, and Rs 5,200.

Asian Paints share price target

Asian Paints reported its best results in the last seven quarters, with a strong outlook for the coming periods. Anil Singhvi recommends buying futures with a stop-loss at Rs 2,740 and target levels at Rs 2,800, Rs 2,835, and Rs 2,900.

Ashok Leyland share price target

Post-results buying is expected for the commercial vehicle maker. Stop loss is Rs 140, with targets at Rs 145 and Rs 148.

Honasa Mamaearth share price target

The company turned profitable this quarter after earlier losses, delivering extraordinary results. Anil Singhvi recommended a Stop loss at Rs 276, with targets at Rs 285 and Rs 288.