Source – wealthandfinance.digital
Market Experts Recommend Top Stocks to Buy
Investors looking for strong top stock opportunities today can consider recommendations from market analysts, who have identified Tata Steel, Indian Oil, Paytm, Indian Hotels, Bajaj Finserv, Bajaj Housing Finance, IREDA, Yes Bank, and ITC as potential buys. These stocks are expected to see positive momentum in the short to medium term, with strategic price targets and stop-loss suggestions provided by experts.
Key Stock Targets and Recommendations
Tata Steel: Rajesh Bhosale, Equity Technical Analyst at Angel One, observed that Tata Steel has gained traction over the past two months. While some profit booking has been seen, he suggests a ‘buy on dips’ approach. A key resistance level is at Rs 156, beyond which the top stock is expected to continue its uptrend, aiming for a target price between Rs 180 and Rs 185.
Indian Oil: Market expert Sachin highlighted that Indian Oil has rebounded well from Rs 110. A breakout above Rs 134 could push the stock towards Rs 150 and Rs 160, with a further potential rise to Rs 170. Stop-loss is recommended at Rs 122, while the current market price (CMP) stands at Rs 131.45 on NSE.
Paytm: According to market expert Ajit, Paytm is displaying a strong pattern on daily charts and could be a promising short-term buy. If the top stock surpasses Rs 820, the next target is Rs 920-930. CMP is Rs 801.35 on NSE.
Indian Hotels: Ajit also recommends a ‘BUY’ on Indian Hotels, setting a target price at Rs 848, with a stop-loss at Rs 779. CMP is Rs 807.70 on NSE.
Bajaj Finserv: Binod Modi suggests long-term investors consider Bajaj Finserv, setting a 12-month target of Rs 2,350. CMP is Rs 1,941.90 on NSE.
Short-Term and Trading Picks
Bajaj Housing Finance: Market expert Kunal Bothra suggests a short-term buy for Bajaj Housing Finance, targeting Rs 131, with a stop-loss at Rs 117. CMP is Rs 121.84 on NSE.
IREDA: Rajesh Bhosale pointed out that IREDA has shown strong momentum, surging from Rs 140 to Rs 175 in March. Currently experiencing profit booking, he suggests a stop-loss at Rs 149 and a short-term target of Rs 175. If it surpasses Rs 175, the stock may move toward Rs 190. CMP is Rs 161 on NSE.
Yes Bank: A market expert on ET NOW Swadesh stated that Yes Bank has displayed positive momentum, forming a base around Rs 16-17. Those holding Yes Bank shares are advised to continue holding, while new investors may consider entering for a short-term trade. The target price is Rs 19-20, with a stop-loss at Rs 16.25. CMP is Rs 17.36 on NSE.
ITC: Market expert Rachna noted that ITC is attempting to stabilize after a sharp decline, defending the Rs 400 level. A confirmed base formation would require a closing above Rs 415, at which point a trend reversal is expected. The target price is Rs 460, with a stop-loss at Rs 400. CMP is Rs 406.60 on NSE.
Conclusion
With market trends favoring these stocks, investors can consider expert recommendations while being mindful of resistance levels and stop-loss strategies. While short-term traders can look at top stocks like Yes Bank, IREDA, and Bajaj Housing Finance, long-term investors may find Tata Steel, Bajaj Finserv, and ITC appealing.
