Aditya Agarwala advises caution in the choppy and dull markets. On the upside, clearly 22,300 is acting as a major hurdle. He recommends long positions in Indus Towers and Tata Consumer. He suggests focusing on the outperforming IT space. Jio Financial Services is predicted to have higher stock prices due to the AI venture, Bharat AI.
The regulator has asked guest experts to disgorge Rs 7.41 crore unlawful gains made by them by taking opposite positions in the market than they recommended on the channel.
“My first pick would be eMudra Limited. This is a play on the digitalization space. The stock can be bought at current levels with Rs 475 as a stop loss and Rs 530, 550 as a target on the upside. The second pick would be Colgate Palmolive, one of the defensive names showing strong action. This can be bought with a stop loss of 1,980 on the downside.”