Anil Singhvi bullish on these 3 largecaps for decent gains in short to medium term
Anil Singhvi stock market recommendations: Despite the high valuations, particularly in the broader market, the market is likely to remain resilient supported by sustaining strong liquidity and hopes of turnaround in earnings
Indian equities in Wednesday's session traded lower amid escalating geopolitical tensions. As of the last count, NSE's Nifty50 was down 0.24 per cent or 60.25 at 24,793.15. Meanwhile, the broader indices continued to trade lower- with midcap index down as much as 0.4 per cent.
So, as the market is likely to even overcome the fresh geopoltical rift, here are Anil Singhvi's stocks you may consider for short-term.
DMart
Anil Singhvi suggested buying DMart futures.
Buy| Target: Rs 4110, 4140, 4175
Stop loss recommended by the expert is Rs 4,000 per share.
DMart future outlook and expansion plans
The company opened ts first major store in Agra after Ghaziabad. The expert sees the move as positive for the company as it forays in the densely populated state of Uttar Pradesh (UP). The whole sector is showing strong growth signals. He added that Tata-owned Trent also looks positive with aggressive expansion plans.
DLF
The brokerage has suggested buying the futures of the stock.
Buy| Target: Rs 867, 878, 888
The stop loss for the trade is Rs 848.
Biggest launch and sales for the company in 3 years
The company's luxury housing project in Gurugram was sold out within 1 week of launch with sales of Rs 11,000- 12,000 crore.
IndusInd Bank
The expert has recommended the futures of the stock.Buy IndusInd Bank Futures
Buy| Target: Rs 815, 822, 835
The stop loss for the trade is Rs 798.
Nuvama double upgrades stock
Nuvama has double upgraded the stock to 'buy' from the previous 'neutral' cal. The target price on the stock has been raised to Rs 1,050 from earlier Rs 700 per share.