Best Stocks to Buy Today: Escorts Kubota, TCS, Bharat Forge and More
Best Stocks to Buy Today
Financial experts are currently recommending investors to consider investing in five specific stocks due to the ongoing market growth, which presents potential profit opportunities.
One of the recommended stocks is TCS, as suggested by Kavita Jain. According to Jain’s advice, investors are encouraged to buy TCS shares with a target price range of Rs 3390-3410, while setting a stop loss at Rs 3310.
This recommendation indicates the belief that TCS shares have the potential to reach the specified target price, but caution should be exercised to limit potential losses if the stock price falls below the stop loss level.
While there is an overall trend of buying observed across most sectors, small caps, pharma, and energy stocks are currently facing some pressure.
Despite this, the Sensex, which is a prominent stock market index in India, is currently trading at 62,914.72, reflecting a gain of 413.03 points or 0.66%.
This upward movement in the Sensex indicates positive market sentiment and suggests a general growth trend in the market.
Additionally, the Bank Nifty, which represents a sectoral index comprising banking stocks, has reached a new intraday peak, surpassing the 44400 mark.
This milestone suggests significant growth and performance within the banking sector. Furthermore, the Nifty, another key stock market index in India, is currently trading above 18600, further signifying a positive market outlook.
Amidst the current market conditions, veteran experts on CNBC-Awaaz have shared their favorite stock recommendations based on technical analysis. Let’s take a closer look at the stocks suggested by these experts.
Prakash Gaba’s Picks from prakashgaba.com:
– Escorts Kubota: Prakash Gaba recommends buying Escorts Kubota. He suggests purchasing this stock with a target price of Rs. 2120 and a stop loss at Rs. 2050. Gaba believes that Escorts Kubota has the potential to reach the specified target price.
Kavita Jain’s Choice:
– TCS: Kavita Jain advises buying TCS. According to Jain, investors should consider purchasing TCS shares with a target price range of Rs 3390-3410 and a stop loss at Rs 3310. Jain believes that TCS has the potential to reach the specified target price.
Satchidanand Utekar’s Choice:
– Bharat Forge (Fut): Satchidanand Utekar suggests buying Bharat Forge (Fut). Utekar recommends purchasing this stock with a target price of Rs 800 and a stop loss at Rs 766. Utekar believes that Bharat Forge (Fut) has the potential to reach the specified target price.
Manas Jaiswal’s Picks from manasjaiswal.com:
– Federal Bank: Manas Jaiswal recommends buying Federal Bank. Jaiswal advises purchasing this stock with a target price of Rs 129 and a stop loss at Rs 123.50. Jaiswal believes that Federal Bank has the potential to reach the specified target price.
Ashish Baheti’s Choice:
– Kotak Mahindra Bank: Ashish Beheti advises buying Kotak Mahindra Bank. Beheti suggests purchasing this stock with a target price of Rs 1975 and a stop loss at Rs 1925. Beheti believes that Kotak Mahindra Bank has the potential to reach the specified target price.
It’s important to note that these recommendations are based on the experts’ personal views and technical analysis.
Investors should conduct their own research and consider their individual financial goals and risk tolerance before making any investment decisions,
These market trends and expert recommendations serve as valuable insights for investors looking to make informed decisions regarding their investment portfolios.
However, it is important to conduct thorough research and consider personal financial goals and risk tolerance before making any investment decisions.
