Top Picks: The Indian stock market came under pressure on Monday, with the Nifty index falling below 21,700. The Nifty Bank index was also under pressure.
Market Under Pressure? Experts Recommend 5 High-Growth Stocks Across IT, Pharma, and Finance
|Reason for Pick
|Media & Information Services
|Manas Jaiswal (Centrum Broking)
|Strong growth in digital & advertising
|Prakash Gaba (ICICI Direct)
|Thriving in IT sector boom
|Kavita Jain (ICICI Direct)
|Tapping into financial market growth
|Rajesh Satpute (Prabhudas Lilladher)
|Poised for pharma sector recovery
|Sachidanand Uttekar (SMC Global Securities)
|Strong potential in IT services
Stocks to Watch
- Info Edge: Manas Jaiswal, head of research at Centrum Broking, recommended Info Edge, a leading media and information services company. He said the stock could hit a target of Rs 5,375.
- Birlasoft: Prakash Gaba, technical analyst at ICICI Direct, recommended Birlasoft, a software services company. He said the stock could hit a target of Rs 740-750.
- Bajaj Finserv: Kavita Jain, head of technical research at ICICI Direct, recommended Bajaj Finserv, a financial services company. She said the stock could hit a target of Rs 1,751-1,770.
- Aurobindo Pharma: Rajesh Satpute, technical analyst at Prabhudas Lilladher, recommended Aurobindo Pharma, a pharmaceutical company. He said the stock could hit a target of Rs 1,200+.
- Coforge: Sachidanand Uttekar, technical analyst at SMC Global Securities, recommended Coforge, a software services company. He said the stock could hit a target of Rs 6,180-6,300.
Disclaimer: The views expressed on csvt.in are those of the experts themselves and do not necessarily reflect the views of the website or its management. CSVT advises users to consult with certified experts before taking any investment decision.
The experts believe that the market is still under pressure due to profit-taking. However, they are still confident in the long-term prospects of the Indian economy. They believe that the stocks they have recommended are well-positioned to benefit from the growth of the economy.
Specifically, they believe that Info Edge is a good investment due to its strong growth prospects in the digital media and advertising sectors. Birlasoft is a good investment due to its strong growth prospects in the IT services sector. Bajaj Finserv is a good investment due to its strong growth prospects in the financial services sector. Aurobindo Pharma is a good investment due to its strong growth prospects in the pharmaceutical sector. Coforge is a good investment due to its strong growth prospects in the software services sector.
Of course, it is important to do your own research before making any investment decisions. The views expressed by the experts are just their opinions and should not be taken as investment advice.