Have you spotted these dark horses?
Market experts believe that the bull run in Indian markets is here to stay. According to them, laggards like pharma, tech and auto stocks are back in action which should lead the markets further.
Technical Analyst, Ashwani Gujral, believes that the market has become more broad-based and it's just a matter of time before the Sensex will breach the 9000-mark. He says, "The good news from Monday has been that midcaps and small caps are back. The legs of support in this market has been increasing."
According to Gujral, laggards like pharma, tech and auto sector stocks are back in action which should lead the Nifty towards the 2700-2730 zone.
Gujral says that Dr Reddy's Laboratories and Cipla are leading the pharma rally. He also advises investors to book profits when they gain 15-20% in these stocks. "Dr Reddy’s Lab has crossed Rs 880 and is showing strengh now. The stock looks good for about Rs 1120-1130. If Cipla can sustain above Rs 360, it could easily head for above Rs 420-423," he adds.
Investment Advisor, PN Vijay, says that he will buy IT stocks now. According to him, the IT sector would be quite strong going forward and their quarterly results will be fine. 'The big and the middle level IT stocks have not really gone up the way some other sectors have. The negatives we had on the currency front in the last quarter are definitely out of the way. The businesses are expanding and most of the companies in this space are adding vertical,' he adds.
Vijay likes ONGC, Gail, Indraprastha Gas and Petronet LNG within the energy space. 'These are all excellent companies with strong positions and have potential for explosive and continuous growth. The only issue here is the pricing. However, the gas pricing is slightly easier for the government to handle than petrol and oil pricing as consumers are not that much involved,' he adds.
Vijay believes that Engineers India is a good buy within the capital goods space. According to him, it's a very good company with an excellent profile
Technical Analyst, Ashwani Gujral, believes that the market has become more broad-based and it's just a matter of time before the Sensex will breach the 9000-mark. He says, "The good news from Monday has been that midcaps and small caps are back. The legs of support in this market has been increasing."
According to Gujral, laggards like pharma, tech and auto sector stocks are back in action which should lead the Nifty towards the 2700-2730 zone.
Gujral says that Dr Reddy's Laboratories and Cipla are leading the pharma rally. He also advises investors to book profits when they gain 15-20% in these stocks. "Dr Reddy’s Lab has crossed Rs 880 and is showing strengh now. The stock looks good for about Rs 1120-1130. If Cipla can sustain above Rs 360, it could easily head for above Rs 420-423," he adds.
Investment Advisor, PN Vijay, says that he will buy IT stocks now. According to him, the IT sector would be quite strong going forward and their quarterly results will be fine. 'The big and the middle level IT stocks have not really gone up the way some other sectors have. The negatives we had on the currency front in the last quarter are definitely out of the way. The businesses are expanding and most of the companies in this space are adding vertical,' he adds.
Vijay likes ONGC, Gail, Indraprastha Gas and Petronet LNG within the energy space. 'These are all excellent companies with strong positions and have potential for explosive and continuous growth. The only issue here is the pricing. However, the gas pricing is slightly easier for the government to handle than petrol and oil pricing as consumers are not that much involved,' he adds.
Vijay believes that Engineers India is a good buy within the capital goods space. According to him, it's a very good company with an excellent profile
posted by Sensex-Blog Admin at 4:00 AM
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