Stocks to buy: HCL Tech, PFC, Persistent Systems among analysts' top picks

Pick of the Day: Domestic equity benchmarks BSE Sensex and Nifty 50 were positive on Tuesday's midday session. At the last count (12:53 pm), the Sensex trading 61 points or 0.08 per cent higher at 78,045, and the 50-scrip basket, up 44 points or 0.60 per cent at 23,702 amid buying in IT, and finance sector stocks such as HDFC Bank, Infosys, TCS, and Infosys. Meanwhile, ICICI Bank, Reliance, Larsen & Toubro, M&M, and IndusInd Bank were top losers of the Nifty 50 index.

Earlier in the day, market experts recommended several stocks, including PSU, IT and midcap such as PFC, Persistent Systems, and Ircon International Ltd. In conversation with Zee Business Managing Editor Anil Singhvi, Rakesh Bansal, Vishvesh Chauhan, Kunal Saraogi, Sacchitanand Uttekar, and Siddharth Sedani share their top stock recommendations in this special segment, Pick of the Day.

On the top analysts' 'buy' list are stocks such as follows:

PSU Stock to Buy: PFC shares

Vishvesh Chauhan of Chase Alpha Investment Advisors recommends buying PFC shares for a target of Rs 442 with a stop loss at Rs 416. The target suggests an upside of 3.87 per cent from Monday's session closing.

Midcap Stock to Buy: Ircon International shares

Kunal Saraogi of Equityrush recommends buying Ircon International shares for targets of Rs 171 and Rs 178, implying a potential upside of 6.65 per cent, with a stop loss at Rs 163.

IT Stocks to Buy: HCL Technologies shares

Sacchitanand Uttekar of Tradebulls Securities recommends buying HCL Tech futures for a target of Rs 1,640 with a stop loss at Rs 1,582. According to him, the IT stock could give a return of 2.23 per cent.  

IT Stocks to Buy: Persistent Systems shares

Siddharth Sedani of Anand Rathi Shares & Stock Brokers recommends buying Persistent Systems shares for Rs 5,550 and Rs 6,075 targets. According to the analyst, the IT sector stock could surge over 12 per cent in the next  6-8 months.  

Cement Stock to Buy

Rakesh Bansal of Rakesh Bansal Ventures recommends buying Ambuja Cement shares for a target of Rs 535 with a stop loss at Rs 509. According to the given target, it could give up to a 3.02 per cent from Monday closing.

(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)