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Stocks to buy today: In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Sumeet Bagadia, Kunal Saraogi, Himanshu Gupta and Vikas Sethi share their top recommendations for the March 23 session.
Stocks such as Hero MotoCorp, Dabur, ITC, Dr Reddy’s Laboratories, Torrent Pharma, ICICI Bank, ACC, and Coromandel International were on their ‘buy’ list today.
Here’s what Rakesh Bansal, Sumeet Bagadia, Kunal Saraogi, Himanshu Gupta and Vikas Sethi recommend for the March 23 session in this instalment of the special ‘Pick of the Day’ segment on Zee Business:
Buy Dabur shares | Target: Rs 557 | Stop loss: Rs 530
Zee Business panelist Rakesh Bansal sees a positive crossover in fast-moving consumer goods (FMCG) and hence, he is bullish on the industry major Dabur with a ‘buy’ recommendation.
Buy Lupin shares | Target: Rs 670/680 | Stop loss: Rs 654
Another Zee Business panelist and market expert Kumal Saraogi sees there has been an exhaustion gap in Lupin and expects a pullback in the stock, which shows an upside potential in it. He has a ‘buy’ call on Lupin for good returns.
Buy ICICI Bank shares | Target: Rs 875 | Stop loss: Rs 850
Market analyst Himanshu Gupta is upbeat on banking major ICICI Bank. He pointed out that the stock closed at an important short-term resistance on Wednesday and hence expects there may be an extended rally in the stock today.
Buy ACC shares | Target: Rs 1,775/1,790| Stop loss: Rs 1,698
Choice Broking Executive Director Sumeet Bagadia said that the cement major ACC shares have been showing a slight rebound from lower levels in the last two sessions amid good momentum. He added that the stock may rally further as it breaks Wednesday’s high level.
Buy Hero MotoCorp shares | Target: Rs 2,400| Stop loss: Rs 2,335
The market expert Vikas Sethi is bullish on two-wheeler maker Hero MotoCorp as the company on Wednesday after the market hours announced a price hike by 2 per cent on all its bike and scooter variants. Sethi term this as positive for the stock.
Buy Coromandel International shares | Target: Rs 885| Stop loss: Rs 855
Sethi also give a ‘buy’ call on Coromandel International shares as the fertiliser company on Wednesday announced that it will enter into the new business of speciality an industrial chemicals with an investment of Rs 1000 crore.
Buy ITC shares | Target: Rs 385| Stop loss: Rs 373
In an otherwise uncertain market, Sethi believes that there is huge potential for a stock like ITC to give good returns and hence he suggests investors to ‘buy’ this stock.
Buy Dr Reddy’s Laboratories shares | Target: Rs 4,525| Stop loss: Rs 4,450
According to Sethi, the pharma stocks witnessed buying as the session was about to end on Wednesday, this optimism in the pharma space may continue, he believes, and hence recommends to ‘buy’ Dr Reddy’s shares.
Buy Torrent Pharma shares | Target: Rs 1,550| Stop loss: Rs 1,500
The market expert Sethi said that the smaller pharma companies are in focus, especially anti-fungal makers, mainly due to rising fungal infections in the US. He believes the broader markets pharma companies are expected to do better going forward.
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