PICK OF THE DAY: Analysts bullish on HUDCO, Anant Raj among other stocks for medium to long term
Taking fundamental and technical view, panelists at Zee Business have recommended buying few portfolio-worthy stocks.
Indian equities extended losses in Tuesday's trade ahead of the key FOMC outcome due on Wednesday. Sectorally, Realty index buzzed in trade today gaining over 1 per cent, while the IT and pharma benefitted as the domestic unit hit a new low.
Pick of the day: Anant Raj
Avinash Gorakshakar- Director of Research at Profitmart Securities is bullish on real estate entity Anant Raj.
Pick of the day: Rationale for Anant Raj
The expert expects strong numbers in the third quarter deemed as the festive season. Furthermore, the company's clear visibility path, the expert mentioned that going ahead the company's data centre and real estate businesses will perform at par.
Pick of the day: Anant Raj target
The target pegged for the real estate scrip is Rs 900/ Rs 950 per share. The target can be met in 12-18 months.
Pick of the day: HUDCO
Sudeep Shah,Head - Technical & Derivative Research Desk - SBICAP Securities suggests buying HUDCO.
Pick of the day: Rationale for HUDCO
The stock in the previous day's trade has given a breakout with strong momentum.
Pick of the day: HUDCO target price
Pick of the day: The expert recommends to buy HUDCO for a target of Rs 271/ 275 keeping a stop loss of Rs 252.
Pick of the day: Ashok Leyland
Rakesh Bansal of Rakesh Bansal Ventures is bullish on the commercial vehicle major Ashok Leyland.
Pick of the day: Rationale for Ashok Leyland
The expert has suggested to buy the scrip based on the technical structure.
Pick of the day: Ashok Leyland target
The expert said the stock can be bought for a target of Rs 245 and a stop loss of Rs 229.
Pick of the day: Afcons Infrastructure
Rakesh Bansal in the cash segment has suggested to buy the infra major for a target of Rs 556 and adviced to keep a stop loss of Rs 530 per share.
Pick of the week: Godrej Properties
Kunal Saraogi- SEBI Registered Analyst has suggested to buy the scrip after it has formed a special pattern called the Ascending Triangle pattern on the chart.
Pick of the week: Godrej Properties target
Target recommended for the scrip is Rs 3,050/ 3,100 while the stop loss advised is Rs 2,950.