Stocks to buy/sell this week: Check out what top analysts recommend on Vedanta, GNFC, PowerGrid, IndusInd, Federal Mogul shares
Stocks to buy/sell this week: Top analysts give a lowdown of their top stock picks for the week ending March 3. In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta and Sandeep Jain share their recommendations on a range of stocks, including Vedanta, Gujarat Narmada Valley Fertilizers & Chem, CreditAccess, IndusInd and PowerGrid. Do you have any of these stocks in your folio?
Stocks to buy/sell this week: In conversation with Zee Business Managing Editor Anil Singhvi, top Dalal Street experts share their stock recommendations for the week ending March 3. On their radar are stocks such as Gujarat Narmada Valley Fertilizers & Chem (GNFC), Vedanta, PowerGrid, Coal India, Federal-Mogul Goetze, CreditAccess and IndusInd Bank.
Do you have any of these stocks in your portfolio?
Check out the top recommendations this week by the cream of Dalal Street analysts.
Kunal Saraogi stock recommendation for the week
Buy GNFC shares | Targets: Rs 575, Rs 579 | Stop loss: Rs 544
Kunal Saraogi, CEO of Equity Rush, suggests buying the fertiliser stock on declines. The stock appears to have formed an inverted head-and-shoulder pattern after recent correction and appears to be ready for a breakout, he tells Zee Business.
Himanshu Gupta stock recommendation for the week
Short Vedanta futures | Targets: Rs 285, Rs 280 | Stop loss: Rs 306
Himanshu Gupta, VP Research at Globe Capital Markets, points out that the Nifty Metal index is the latest among the sectoral indices to confirm weakness, which may continue for some time. He suggests playing this theme by way of shorting Vedanta futures.
Rakesh Bansal stock recommendation for the week
Buy CreditAccess Grameen | Targets: Rs 1,065, Rs 1,096 | Stop loss: Rs 960
Rakesh Bansal of Rakesh Bansal Ventures suggests buying CreditAccess Gramee shares for targets of Rs 1,065 and Rs 1,096 with a stop loss at Rs 960.
Sandeep Jain recommends buying RPG Lifesciences shares
Buy RPG Lifesciences | Targets: Rs 970, Rs 990
Sandeep Jain of Tradeswift Broking shares RPG Lifesciences as a long-term fundamental pick.
He also has Eris Lifesciences as his stock pick of the week.
Sandeep Jain recommends buying Federal-Mogul Goetze shares
Buy Federal-Mogul Goetze shares | Target: Rs 340 | Stop loss: Rs 297
Sandeep Jain of Tradeswift suggests buying Federal-Mogul Goetze shares at Rs 308 as a positional pick.
Sandeep Jain stock recommendation for the week
Sell IndusInd Bank shares | Targets: Rs 1,065, Rs 1,060 | Stop loss: Rs 1,090
Sandeep Jain, Director at Tradeswift Broking, suggests selling IndusInd Bank shares.
Sandeep Jain positive on PSE shares such as PowerGrid, NTPC
Sandeep Jain of Tradeswift is also positive on the PSE space, PowerGrid, NTPC and Coal India being some of his favourite picks from the basket.