The broader markets in India, just like the benchmark Nifty 50, has been hit hard due to geopolitical uncertainty that has led to sharp drawdown since the turn of the year.
However, the sharp fall has helped select stocks reach an attractive valuation. NDTV Profit, to that end, has spoken to market analysts, who have spotted specific price-action setups that suggest potential room for appreciation.
Here are the specific trading strategies for these small-cap stocks:
Kakatiya Cement Sugar & Industries
VLA Ambala, SEBI RA & Founder of SMT Stock Market, has identified a value-buying opportunity in this cement and sugar player. She recommended an entry in the Rs 88–92 range. With a mid-term view, she has set upside targets at Rs 105 and Rs 120, while advising a stop loss at Rs 83.
Bliss GVS Pharma
Rajesh Palviya, Head of Research at Axis Securities, sees technical strength in the pharmaceutical space, specifically for Bliss GVS Pharma. He recommended entering the stock at Rs 235 for a target of Rs 245. Traders are advised to protect the position with a stop loss at Rs 230.
Arvind
Sachin Janardan Sarvade, AVP of Derivatives and Retail Research at IDBI Capital Markets, highlighted momentum in the textile and apparel major Arvind Ltd. He recommended buying the stock between Rs 360 and Rs 365 for a target of Rs 430. To manage risk, he suggested a stop loss at Rs 334.
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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