The stock market is expected to remain directionless next week, but experts have identified eight stocks that could potentially perform well. Bajaj Broking Research has named Piramal Pharma and PTC India as their top stock picks for the coming week. They believe the Nifty could find support around the 21,800-22,000 level, with the US Dollar Index and Brent Crude prices providing a positive backdrop for emerging markets like India.
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For Piramal Pharma, Bajaj Broking Research suggests a buy range of Rs 193-203, with a target of Rs 229 in the coming months. PTC India is recommended as a buy between Rs 150-157, with an expected upside target of Rs 178. Meanwhile, Osho Krishan from Angel One advises caution in the current market environment, recommending accumulation of fundamentally strong companies rather than high-risk bets.
Sudeep Shah of SBI Securities expects the Nifty to consolidate within the 22,700-22,200 range in the near term. Other stocks recommended by experts for the coming week include:
1. United Spirits (Buy, Target: Rs 1,400-1,450, Stop-Loss: Rs 1,300)
2. Schaeffler India (Buy, Target: Rs 3,600-3,695, Stop-Loss: Rs 3,235)
3. Avenue Supermarts (DMart) (Buy, Target: Rs 4,400-4,650, Stop-Loss: Rs 3,400)
4. JSW Energy (Buy, Target: Rs 580-590, Stop-Loss: Rs 460)
5. KIMS (Buy, Target: Rs 645-662, Stop-Loss: Rs 498)
6. Kotak Mahindra Bank (Buy, Target: Rs 2,120, Stop-Loss: Rs 1,880)
7. Sun Pharmaceutical Industries (Buy, Target: Rs 1,750-1,860, Stop-Loss: Rs 1,600)
8. Blue Jet Healthcare (Bullish outlook, trading near all-time highs)
Rajesh Palviya from Axis Securities has also suggested three stocks for investors to consider buying, holding, and accumulating next week:
1. Sun Pharmaceutical Industries Ltd (Buy/Hold/Accumulate, Upside: Rs 1,750-1,800, Support: Rs 1,600)
2. Avanti Feeds Ltd (Buy/Hold/Accumulate, Upside: Rs 885-950, Support: Rs 800-770)
3. Coromandel International Ltd (Buy/Hold/Accumulate, Upside: Rs 1,885-1,950, Support: Rs 1,700-1,680)
Experts recommend closely monitoring volumes and key support levels while adopting a measured approach in accumulating shares. As always, investors are advised to consult with certified experts before making any investment decisions.
Image Credits: Photo by Hans Eiskonen on Unsplash
