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Which stocks to buy? Apollo Hospitals, M&M, JK Cement, Dalmia Bharat, L&T and other shares analysts recommend
- Written by ZeeBiz WebTeam
Published: 11:39 AM, Mar 31, 2023
|Updated: 11:42 AM, Mar 31, 2023
Stocks to buy today: In conversation with Zee Business, market experts Rakesh Bansal, Sumeet Bagadia, Rajesh Palviya, Sacchitanand Uttekar, and Siddharth Sedani share their top recommendations for the April series.
Stocks such as Apollo Hospitals, M&M, JK Cement, Dalmia Bharat, Larsen and Toubro (L&T), and Ramco Cements were on their 'buy' list for the April series.
Here's what Rakesh Bansal, Sumeet Bagadia, Rajesh Palviya, Sacchitanand Uttekar, and Siddharth Sedani recommend on Friday in this instalment of the special 'Pick of the Series segment on Zee Business:
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Apollo Hospitals shares
Buy Apollo Hospitals shares | Target: Rs 4,700 | Stop loss: Rs 4,200
Zee Business panelist and market expert Rakesh Bansal is bullish on Apollo Hospitals mainly on the good technical outlook. He believes the stock may show a big up move as all moving averages are merging and can become a top contender of the April Series for bumper returns.
Image Source: PIxabay
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Mahindra and Mahindra shares
Buy Mahindra and Mahindra (M&M) shares | Target: Rs 1,180/1,220 | Stop loss: Rs 1,120
Choice Broking Executive Director Sumeet Bagadia said a pullback and bounce back in auto major Mahindra and Mahindra (M&M) shares are likely, as the selling pressure, which was visible in the last one and half a month, may pause going ahead.
Image Source: PIxabay
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JK Cement shares
Buy JK Cement shares | Target: Rs 3,100/3,150 | Stop loss: Rs 2,900
According to Axis Securities’ technical research head Rajesh Palviya, the overall cement space looks attractive and suggests to ‘buy’ JK Cement as the technical setup of stock is seen positive after the consolidation for the last six weeks.
The market expert said that a promising rollover action gives confidence that the stock may show good momentum in the April series.
Image Source: PIxabay
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Dalmia Bharat shares
Buy Dalmia Bharat Futures shares | Target: Rs 2,180/2,200 | Stop loss: Rs 1,780
TradeBulls Securities VP – Research Sacchitanand Uttekar is of the view that Dalmia Bharat – a cement company - structure looks good on charts and stock has been oscillating in a good range for the last three months with support at 1,700 and resistance at 1,900 levels.
He added that the counter has been breaking resistance on weekly charts and the positive momentum in the stock may continue going ahead on the back of a positive crossover.
Image: Pixabay
5/6
L&T shares
Buy Larsen and Toubro (L&T) shares | Target: Rs 2,287
The engineering and construction major Larsen and Toubro (L&T) may show growth in stock price going forward on the back of a strong fundamental outlook, Anand Rathi Financial Services, executive VP – Equity Products Support, Siddharth Sedani said in his comment while speaking to Zee Business.
He said that the strong Q3 results and positive management commentary with respect to guidance among other strong factors will help the stock to grow further.
Image: Pixabay
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Ramco Cements shares
Buy Ramco Cements shares | Target: Rs 790/838
According to Sedani, the cement stocks are likely to be better in the April series after being dull in March. The market analyst advises to 'buy' shares of Ramco Cements – a south-based cement company. He is bullish on the counter, mainly on the double-digit volume growth going forward.
Image Source: Pixabay
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