Buy, Sell Or Hold? Gaurav Sharma Picks Indus Tower, Man Industries And Tata Chemicals

Buy, Sell, Or Hold: Gaurav Sharma, Associate Vice President and Head of Research (Equity, Commodity & Currency) at Globe Capital, has issued fresh buy calls on three stocks. Indus Towers Ltd., Man Industries Ltd., and Tata Chemicals Ltd., suggesting short-term trading opportunities with defined stop-loss and target levels.

Sharma recommends buying Indus Towers at the current market price with a stop-loss at Rs 394 and a target of Rs 430. Indus Towers is one of India’s largest telecom infrastructure providers, offering passive infrastructure services to mobile network operators.

The company owns and operates thousands of telecom towers across the country enabling mobile connectivity and data services. Its business model is built around long-term contracts with major telecom players, including Bharti Airtel and Vodafone Idea.

The second pick is Man Industries, with a suggested entry at the current market price stop-loss at Rs 425, and a target of Rs 465. Man Industries is a leading manufacturer of large-diameter carbon steel pipes, primarily used in oil and gas, water transmission, and infrastructure projects.

The company exports a significant portion of its products and has a strong order book from domestic and international clients. Its operations are supported by manufacturing facilities in India.

Sharma’s third recommendation is Tata Chemicals, with a buy level at the current market price, stop-loss at Rs 950, and a target of Rs 1,025. Tata Chemicals operates in the chemicals and consumer products space, with businesses spanning basic chemistry, specialty chemicals, and agri-sciences. It is part of the Tata Group and has a global footprint, including operations in India, the UK, and North America.