While there are concerns at the current levels of the markets, there are also specific stocks you can still look at for buying. I suggest that you add these two stocks at this point of time to your portfolio, more from a medium term perspective. Keep at least 2 months frame.
· You can look to buy Motherson Sumi at Rs.125 on the back of positive results for the Sep-20 quarter announced on Tuesday. As the global auto industry gradually recovers, you can keep a target of Rs.155 on the stock.
· The quarter has been much better than expected for PSU banks. They are also expected to play catch-up after the frenetic rally in the Bank Nifty. If you have a higher risk appetite, you can buy PNB at current price of Rs.29 for targets of Rs.40 on the stock over next 1-2 months time frame. This is a high risk stock.
While there are concerns at the current levels of the markets, there are also specific stocks you can still look at for buying. I suggest that you add these two stocks at this point of time to your portfolio, more from a medium term perspective. Keep at least 2 months frame.
· You can look to buy Motherson Sumi at Rs.125 on the back of positive results for the Sep-20 quarter announced on Tuesday. As the global auto industry gradually recovers, you can keep a target of Rs.155 on the stock.
· The quarter has been much better than expected for PSU banks. They are also expected to play catch-up after the frenetic rally in the Bank Nifty. If you have a higher risk appetite, you can buy PNB at current price of Rs.29 for targets of Rs.40 on the stock over next 1-2 months time frame. This is a high risk stock.