Stocks to Buy: Veteran market guru has given his views on some stocks to buy…
highlights
- Amidst the metal rally in global markets, fluctuations in banking stocks and uncertainty in oil prices, the biggest question in the minds of investors is which stocks to invest in at this time.
- Profitmart’s market expert Avinash Gorakshkar has shared his strategy regarding metal, energy and banking sectors.
- Avinash Gorakshkar has told which stocks should be cautious and which can be an investment opportunity.
Nifty is down about 3.5 per cent from its all-time high of 26,373.20 made on January 5.
Nandish Shah, Deputy Vice President, HDFC Securities, says a decisive break below 25,473 will break the current consolidation range and accelerate the fall towards the next major support at 25,318. He said that the immediate resistance of Nifty has now come down to 25,865. According to Rupak Dey, Senior Technical Analyst, LKP Securities, Nifty may go further lower in the short-term, with a potential downside target around 25,200, while resistance lies near 25,700.
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Stocks to Buy: Which shares to buy?
Amidst the global metal rally and geopolitical uncertainties, it is very important for investors to adopt the right strategy. If you are looking for some top stocks to buy in such a volatile market, then you may get an opportunity to make money in metal, energy, banking and consumer themes. In an exclusive conversation with ET NOW Swadesh, market expert Avinash Gorakshkar shares his investment strategy and favorite stocks on earning stocks.
Metal sector: Caution necessary after boom
According to Avinash Gorakshkar, Hindustan Copper and Hindustan Zinc have given excellent returns in the last one year, but now caution is necessary regarding valuation.
Hindustan Copper
Avinash Gorakshkar said the stock has gone from ₹435 to ₹550 in a very short span of time and looks overheated at the current levels. In such a situation, it has been advised to avoid new investments.
Hindustan Zinc
Gorakshkar believes that this stock is still in a better position, but ‘buy on dips’ strategy should be adopted. He said the stock could give good returns from a one-year perspective due to strong silver and zinc prices, cash-rich balance sheet and good dividend. Q3 results are also expected to be strong.
Banking Sector: Keep an eye on these stocks
The veteran market guru has given his view on some stocks of the banking sector.
In view of the recent weakness, Gorakshkar has advised investors to wait for now. According to him, the picture will be clear only after Q3 results and management commentary.
ICICI Bank and Federal Bank
Both these stocks are Avinash Gorakshkar’s top private bank picks. He says that these banks are attractive in terms of risk-reward and can perform strongly in the second half of FY26.
He also remains positive on SBI and Bank of Baroda, although he said there is scope for more visibility in private banks.
Consumer Sector: Pidilite Industries
Gorakshkar described Pidilite Industries as a classic long-term compounder. He said that the company has about 60% market share in the adhesive segment. Strong balance sheet and low volatility make it attractive for long-term investments. Although valuations are a bit expensive in the short term, an upside of about 20% in a year is possible.
Oil & Gas: Bet on OMC Stocks
Gorakshkar believes that oil marketing companies (OMCs) could outperform in the near to medium term. His favorite stocks are IOC, HPCL, BPCL. He says that better GRMs and stable crude oil prices will be beneficial for these companies. He also described ONGC and Reliance Industries as strong options for the long term.
What should investors do in the metal sector?
Gorakshkar named Tata Steel as his favorite long-term stock in the metal sector. He said that the third quarter and beyond are expected to be better for the company.
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