Stock Recommendations

Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.

According to the technical analyst from Anand Rathi, shares of Hindustan Aeronautics can bounce back to Rs 2,700, while DLF can jump to Rs 370.

According to the technical analyst from Anand Rathi, ABFRL can rally to Rs 285, while EaseMyTrip can jump to Rs 60.

As per the technical analyst, the Budget session high of 17,973 and low of 17,353 have become crucial levels to watch out for any directional move in the Nifty index

According to the technical analyst from Anand Rathi, BPCL and Wipro can pullback to Rs 270 and Rs 430, respectively.

On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain bearish as long as the index stays below 18,141.

According to the technical analyst from Anand Rathi, Laurus Labs can rally to Rs 400; while RateGain can jump to Rs 330.

The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.

The derivative analyst from HDFC Securities expects Glenmark Pharma January futues to test Rs 450 on the upside.

According to the technical analyst from Anand Rathi, HDFC Life can jump to Rs 660; while ICICI Prudential Life can rally to Rs 510.

PVR and Inox Leisure stocks must defend key levels to avoid turning bearish, show technical charts

On the broader market outlook, the technical & derivative analyst from HDFC Securities suggests that the trend for Nifty is still bearish.

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends buying RCF and NCC.

According to the technical analyst from Anand Rathi, ABB can advance to Rs 2,880; while MRPL can jump to Rs 57.

West Coast Paper Mills, JK Paper, Tamil Nadu Newsprint & Papers may see up to 25 per cent upside in 2023.

According to the technical analyst from Anand Rathi, Balrampur Chini can rally to Rs 435, while PNB is likely to hit Rs 68.

The overall trend for asset management shares continues to remain bullish, say charts.

According to the technical analyst from Anand Rathi, one can consider to buy MCX Indian in the range of Rs 1,645 to Rs 1,648; while CSB Bank in Rs 264 - 266 band.

The derivative analyst from HDFC Securities recommends to Buy HAL 2600 Put and simultaneously Sell 2500 Put for the December expiry.

The technical & derivative analyst from HDFC Securities recommends buying NLC India and Karnataka Bank among individual stocks.