Meanwhile, market wizard and Zee Business managing editor Anil Singhvi has chosen a budget stock for investors.
He recommends buying Aditya Birla Sunlife Ltd AMC (ABSL AMC) from 1-2 years perspective.
Anil Singhvi has advised buying ABSL AMC. This share has to be bought for 1-2 years. Its targets are Rs 850, Rs 1,000, and Rs 1,200.
According to him, buy this stock whenever it falls. There has been a good rise in this stock in the last 1-1.5 months.
On July 16, ABSL AMC shares closed at Rs 708.7 each. This means, the share has a potential upside of up to 70 per cent from its last closing price.
There are strong Indian promoters. There is continuous large and regular investment in SIP. The company will benefit from this.