Bulls show strength on the last day of the business week with Nifty crossing 18750, but failed to make new highs. Bank Nifty also showed a remarkable recovery. Midcap stocks continued their rally and the index reached a record high for the fifth consecutive day. Shares of life insurance companies saw a surge, with HDFC Life gaining 6% after bullish comments from management on margins were aired on CNBC TV 18. SBI Life, ICICI Pru, and New India Assurance also saw a rise. As the bullish market closed, experts recommended investing in Maruti Suzuki, IndusInd Bank, Alembic Pharma, and United India shares.
Stock recommendations from manasjaiswal.com: M&M Financial services stock’s June expiry call option at 305 strike price can be bought for around 7.60 rupees with a target of 14 rupees in a few days. However, a stop loss should be placed at around 4.30 rupees.
Stock recommendations from rajeshsatpute.com: HUL Future stock in the F&O segment can be bought at levels between 2750 and 2760 rupees with a target of 2760 rupees. A stop loss should be placed at 2675 rupees.
IKIO Lighting’s share price may double this year, according to Rahul Arora of Nirmal Bang. He predicts that the market will move towards 20,000, making IKIO Lighting’s shares more valuable.
Angel One’s Samit Chavan recommended investing in IRCTC shares at 666 rupees with a target of 685-700 rupees. A stop loss should be placed at 650 rupees.
Motilal Oswal’s Siddharth Khemka recommended buying APL Apollo Tubes stock at around 1299 rupees for medium-to-long-term returns.
Disclaimer: The views and investment advice given on Moneycontrol.com are those of investment experts and may differ from the opinions and advice of others. Moneycontrol advises users to seek the advice of certified experts before making any investment decisions.
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