Rakesh Bansal bullish on 2 largecaps for 4-5% gains in short term: Check stop losses, targets

Rakesh Bansal of Rakesh Bansal Ventures in a show on Zee Business titled 'Pick of the Day' was bullish on two stocks. As we write, the market is trading with losses amid mixed global cues as on one side US recession concerns have again resurfaced, while on the other end, US President is in talks over a US-China trade deal.

As we write, the Nifty index has declined 0.34 per cent or 86.7 to 25,054, while the BSE Sensex was down over 300 points or 0.38 per cent at 82,203.68. Meanwhile, broader markets also trended lower with midcap stocks leading the losses  -with a cut of 0.5 per cent on the index.

Sectorally, there was broad-based sell-off with oil & gas leading the laggards, followed by FMCG, auto, realty, consumer durables among others.

Nonetheless, pharma and media indices traded with gains. 

So, as the market momentum looks good, here are two picks by the market expert Rakesh Bansal, with one being from the financial services space and the other from the 

HDFC Life:

The expert stated that after scaling all-time high of Rs 791.05 per share on May 28, 2025, the stock has shown correction and now is again scaling to hit fresh life high. 

For the stock, the expert suggested to keep stop loss at Rs 745 for a target of Rs 800. He added that one should buy and hold the stock in delivery.

As of the last count, the stock traded lower by a tad at Rs 762.95 per share.

ONGC: 

On the stock, the analyst has made a buy recommendation considering crude levels which are hovering around $70 per barrel. Higher crude price bodes well for downstream oil companies like ONGC.

The expert suggested buying the scrip- keeping a stop loss at Rs 243 for a target of Rs 257. The stock in trade today was up by as much as 1 per cent at Rs 249.8 per share on the BSE.