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Top Stocks to Buy – Infosys, Dr Lal Pathlabs, JSW Steel and Ramco Cement were among the top trending stocks on the BSE today. The stocks achieved their 52-week highs on Tuesday. Technical Analyst Nilesh Jain Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking gives an insight on what lies ahead for these stocks and recommends what to do with them.
Jain said that IT stocks, health and pharma space, metals and cement sectors are the top sectors to bet on and all these sectors have been doing well. This is what he said on individual stocks.
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Top Stock to Buy – Infosys – Infosys today ended the day on a positive note trading at Rs 1411.15 on the BSE Sensex. In the process it also attained a lifetime high of Rs 1425.90. Jain said that this stock is looking positive on the technical charts and could test levels around Rs 1450 – Rs 1500. He said that Infosys is expected to post strong results which will likely be declared on 14 April. This target price is expected to be achieved within a fortnight. He also said that the sector outlook is also positive.
Top Stocks to Buy – Dr Lal Pathlabs – This is another stock, Jain has a positive outlook on. This stock today ended at Rs 3071.35, up by almost Rs 173 or 6 per cent. He said that all diagnostic companies are expected to do well in the near to medium term including Dr Lal Pathlabs shares. He puts the target price between Rs 3200 – Rs 3300. But the Buy recommendation is on dips as this stock has seen a good move. The lifetime high of this stock is Rs 3085 which it attained today on an intraday basis.
Top Stocks to Buy – JSW Steel – Another stock which hit a 52-week high today at Rs 541. It ended at Rs 537.15 on the BSE on Tuesday, gaining by almost Rs 19 or 3.8 per cent. He said that an upside of Rs 600 is expected in this stock in the near term. He also advised against any fresh buys in this stock and asked investors to buy on dips. With metal prices on the rise, this stock is a must-watch, he said.
Top Stocks to Buy – Ramco Cements – Jain said that the outlook on this stock is also positive. This stock attained a 52-week high of Rs 1047.50 on the BSE on the intraday basis before closing at Rs 1039.25. It was up by 3 per cent or almost Rs 30 from the previous closing price.
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