Experts Double Down on These Stocks: Top Picks with Buy Advice
Stock to Buy
Top Bullish Picks: Experts Double Down on These Stocks, Recommend Buy Advice
As the market continues its recovery from recent lows, stock market experts are closely analyzing opportunities to help investors make informed decisions.
With the Sensex gaining 360 points and Nifty holding strong above 23,700, several stocks are standing out as solid picks for those looking to capitalize on the current market conditions.
While some sectors like real estate, metal, and banking are still facing headwinds, other stocks from diverse sectors—particularly capital goods—are showing promising signs of growth.
In this article, we take a deep dive into the top stock recommendations from several market experts who believe these stocks offer strong potential for growth.
Their expert opinions could help you identify stocks to add to your portfolio, with clear stop-loss levels and target price ranges to guide your trading decisions.
1. Shilpa Raut’s Pick: IRB Infrastructure (IRB Infra)
Shilpa Raut, a well-known market analyst, is particularly bullish on IRB Infra, a key player in the Indian infrastructure sector.
She sees significant growth potential in the stock, especially as the broader infrastructure sector is poised for a recovery.
According to Raut, IRB Infra is well-positioned to benefit from the government’s continued focus on infrastructure development and the recovery in road and highway projects across the country.
Raut recommends buying the stock with a stop loss at Rs 55. She suggests that the stock could target Rs 60-62 in the near term, offering a decent upside.
As infrastructure development is expected to continue as a key focus area in the coming years, stocks like IRB Infra, which are heavily involved in building and maintaining road networks, could see steady growth.
This recommendation is timely, as IRB Infra has been showing positive technical momentum, with strong support levels and a robust project pipeline.
Additionally, the stock’s valuation remains attractive relative to its peers, making it an appealing choice for investors looking for long-term growth potential.
2. Prakash Gaba’s Pick: ITC
Prakash Gaba, a respected name in market analysis, is also optimistic about ITC, one of India’s largest and most diversified conglomerates.
Known for its strong presence in FMCG, hotels, paperboards, and agribusiness, ITC has been a consistent performer over the years.
Despite facing challenges in the past few quarters, Gaba believes that the company is well-positioned to deliver solid returns, thanks to its robust product portfolio, growing market share in FMCG, and a strong dividend payout history.
Gaba recommends buying ITC with a stop loss at Rs 480, targeting a price range of Rs 490-500. The stock has been showing steady growth in the FMCG segment, driven by products like biscuits, noodles, and personal care items.
Additionally, the company’s strong brand equity and expansion into newer segments, including premium products, are expected to support further upside.
The positive outlook on ITC is also supported by its strong cash flow and stable dividend yield, making it a good option for investors seeking a mix of capital appreciation and income generation.
The stock has been relatively resilient, even during market volatility, which adds to its attractiveness for risk-averse investors.
3. Manas Jaiswal’s Pick: Godrej Consumer Products
Another strong pick comes from Manas Jaiswal, a seasoned market analyst, who is bullish on Godrej Consumer Products, one of India’s leading FMCG companies.
Known for its popular brands in personal care, home care, and food products, Godrej Consumer has seen consistent growth due to its strong brand recognition and wide distribution network across both urban and rural India.
Jaiswal recommends buying the stock with a stop loss at Rs 1069, with a target price of Rs 1105. He believes the stock has the potential to move higher due to the continued demand for consumer goods, especially in categories like personal care and household products.
Additionally, Godrej Consumer’s strategic focus on innovation and expanding its product range further strengthens its position in the market.
Given the strong fundamentals of Godrej Consumer Products, including its leadership in various product categories and its focus on sustainable growth, the stock offers significant upside potential.
Jaiswal’s recommendation is ideal for long-term investors looking to benefit from the growth of India’s burgeoning consumer goods sector.
4. Rajesh Satpute’s Pick: Divi’s Laboratories
Rajesh Satpute, a prominent technical analyst, is bullish on Divi’s Laboratories, a leading pharmaceutical company.
With a strong track record in the production of active pharmaceutical ingredients (APIs) and intermediates, Divi’s Laboratories is a key player in the global pharmaceutical supply chain.
The company’s growth has been driven by strong demand for generics and APIs, particularly from North America and Europe.
Satpute recommends buying Divi’s Laboratories with a stop loss at Rs 1770, with a target price of Rs 1840.
He believes that the stock will continue to benefit from the increasing global demand for high-quality pharmaceuticals and APIs.
Divi’s strong order book, coupled with its focus on expanding production capacity, makes it well-positioned for long-term growth.
The stock has been a consistent performer in the pharma sector and offers a good combination of growth and stability, making it an attractive choice for those looking to invest in the healthcare sector.
5. Somil Mehta’s Pick: Oberoi Realty
Somil Mehta from Sharekhan is particularly optimistic about Oberoi Realty, a leading real estate developer in India.
Despite facing some headwinds in the real estate sector, Oberoi Realty has demonstrated resilience due to its strong brand presence, premium residential and commercial properties, and focus on high-end developments.
Mehta recommends buying the stock with a stop loss at Rs 2277, targeting a range of Rs 2370-2440.
Oberoi Realty has been making strides in the luxury real estate segment, with several successful projects in Mumbai and other key urban centers. Its strong balance sheet and a steady flow of new project launches position it well for future growth.
Given the long-term prospects for real estate in India, especially in premium and luxury segments, Oberoi Realty presents an attractive investment opportunity.
The stock has already shown some recovery from recent lows, and Mehta’s target range suggests further upside as the market stabilizes.
6. Sunny Agarwal’s Pick: Syrma SGS Technology
Sunny Agarwal, an analyst at SBI Securities, is optimistic about Syrma SGS Technology, a leading provider of electronic manufacturing services.
The company has been growing rapidly, driven by increasing demand for electronics and technology products.
As more companies focus on expanding their manufacturing capabilities in India, Syrma SGS is well-positioned to benefit from this trend.
Agarwal recommends buying Syrma SGS Technology with a target price of Rs 750. The company’s strong order pipeline and its ability to cater to high-growth sectors such as telecommunications, automotive, and consumer electronics make it an attractive growth stock in the technology space.
Additionally, with India’s growing prominence as a manufacturing hub, Syrma SGS could see sustained growth in the coming years.
Final Remarks
The Indian stock market is currently witnessing a recovery, with several sectors showing signs of improvement.
While the market has been volatile, there are still plenty of opportunities for savvy investors to identify stocks that are poised for growth.
The expert recommendations outlined above cover a wide range of sectors, including infrastructure, FMCG, pharmaceuticals, real estate, and technology.
Each of these stocks presents a unique opportunity based on its fundamentals, growth potential, and sector outlook.
If you’re looking to make strategic investments in the current market, these expert picks offer a mix of short-term and long-term growth potential, backed by clear stop-loss levels and price targets.
By aligning your portfolio with these recommendations, you could be well-positioned to benefit from the market’s ongoing recovery.
