Top 5 Stocks to Buy Today: Expert Recommendations
As the Indian stock market continues to evolve, investors are looking for the best stocks to buy today. Recently, NDTV Profit highlighted five stocks that are expected to perform well in the current market session. These stocks include Varun Beverages Ltd., Zydus Lifesciences Ltd., Oil and Natural Gas Corporation Ltd., Shipping Corporation of India Ltd., and Bharat Forge Ltd..
Varun Beverages Ltd: A Promising Stock to Buy
Osho Krishan, Chief Manager, Technical and Derivative Research, Angel One, has recommended a buy for Varun Beverages with a target price of Rs 482 and a stop loss of Rs 455 at the current market price. Varun Beverages Ltd has been associated with PepsiCo since the 1990s and has consolidated its business association with PepsiCo over the years. The company manufactures, distributes, and sells a wide range of carbonated soft drinks, as well as a large selection of non-carbonated beverages.
Zydus Lifesciences Ltd: A Stock to Watch
Another stock that Osho recommended is Zydus Lifesciences Ltd at a target price of Rs 1,040 with a stop loss of Rs 985 at the current market price. Zydus Lifesciences is a leading pharmaceutical company in India, with a strong presence in the domestic and international markets.
Oil and Natural Gas Corporation Ltd: A Maharatna Company
Ruchit Jain, Vice President, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services Ltd., has recommended buying Oil and Natural Gas Corporation at a target price of Rs 270 with a stop loss of Rs 245 at the current market price. ONGC is a Maharatna company and the biggest crude oil and natural gas name in India, contributing around 75% to Indian domestic production. The company ranks 11th among global energy majors and has a dedicated team of over 33,500 professionals.
Shipping Corporation of India Ltd: A Stock to Buy
Jain also recommended buying Shipping Corporation of India at a target price of Rs 265 with a stop loss of Rs 237 at the current market price. Shipping Corporation of India is a leading shipping company in India, with a strong presence in the domestic and international markets.
Bharat Forge Ltd: A Stock to Watch
Swati Hotkar, AVP Technical Research, Nirmal Bang, has recommended buying Bharat Forge at a target price of Rs 1,360 with a stop loss of Rs 1,270 and the current market price. Bharat Forge is a leading auto component manufacturer in India, with a strong presence in the domestic and international markets.
Conclusion
In conclusion, these five stocks, including Varun Beverages, Zydus Lifesciences, Oil and Natural Gas Corporation, Shipping Corporation of India, and Bharat Forge, are expected to perform well in the current market session. However, it is essential to do your own research and consult with a financial expert before making any investment decisions. You can also visit our website to learn more about stock market news and stay updated on the latest market trends.
