Anil Singhvi suggests selling 1 largecap, 1 midcap and 2 smallcap stocks after weak Q4 results; check target, stop loss
Anil Singhvi is bearish on counters including Concor, Ramco Cements and Sun Pharma among others.
As we write Indian equities trade strong despite FII outflow and global headwinds. Nonetheless, as few of the companies posted weak results, Zee Business Managing Editor Anil Singhvi recommended to sell them.
Container Corporation of India (Concor)
Anil Singhvi has suggested to sell the futures of this stock on weak Q4.
Concor Q4 results
The company's operational profitability declined 10 per cent in the March quarter.
Concor | Sell for a target: Rs 720, 710
Stop loss for the trade is pegged at Rs 755.
HFCL
Anil Singhvi has suggested to sell the futures of this stock amid weak Q4 results.
HFCL | Sell for a target: Rs 81.75, 80, 78
The stop loss advised for the trade is Rs 85.25.
Sun Pharma
Market guru has recommended selling the futures of this stock
Sun Pharma Q4 Results
The expert said that the pharma major posted strong numbers but a weak guidance.
Sun Pharma| Sell for a target: Rs 1,705, 1,690, 1,665
The stop loss suggested for the trade is Rs 1,745.
Ramco Cements
Singhvi has suggested selling the futures of this stock due to weak Q4.
Ramco Cements Q4
The company's consolidated net profit declined 79 per cent on-year in the March quarter.
Sun Pharma| Sell for a target: Rs 975,965
The stop loss for the trade is Rs 1,020. The expert added that if the stock opens weak- it will become a buy.