LIC Housing Finance To PFC: Five Stocks On Market Veteran Hemen Kapadia's Buy List
Kapadia recommends a 'buy today, sell, tomorrow' strategy for LIC Housing Finance.
Veteran Investor Hemen Kapadia of KRChoksey Securities gave NDTV Profit his 'buy' recommendations for the day, which included stocks such as LIC Housing Finance Ltd., Power Finance Corp., Dabur India Ltd., and Adani Enterprises Ltd.
In-depth summaries of Kapadia's insights into these stocks are listed below:
LIC Housing Finance (CMP: Rs 602.4)
Buy Today, Sell Tomorrow: Kapadia believes a bounce is underway on the intraday charts and would spillover to June 3. He recommended a 'buy today, sell tomorrow' strategy, with a target of Rs 610 and a stoploss of Rs 600.
Power Finance Corp. (CMP: Rs 409.35)
Buy For Long Term: He thought the stock to look very interesting if one has a one-year view or longer. "You would have a very attractive buy with great returns," he said.
Adani Enterprises (CMP: Rs 2,518.80)
Buy: Kapadia believed that a move is around the angle. "Buy at around Rs 2,540, stoploss Rs 2,490, target Rs 2,640, a modest target. I believe there is more headroom," Kapadia said.
Dabur India (CMP: Rs 484.45)
Safe Buy: According to him, the stock had oversold positive divergences crossover by medium-term base.
"Looks promising, looks safe actually, frankly speaking. One can buy Dabur at 480, stop loss 460, target of Rs 520," the veteran investor said.
Adani Power (CMP: Rs 555.1)
Bargain Buy: "If you want to go bargain hunting, this stock is safe," Kapadia said. He found the downside limited had made a recent weekly base. "Nothing too low, I think an upside seems to be very much possible," he stated.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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