Five stocks to buy and sell today — 24 January

Five stocks to buy and sell on 23 January, as recommended by market analysts.
Five stocks to buy and sell on 23 January, as recommended by market analysts.

Summary

  • Here's a list of buy/sell recommendations for today from two analysts: MarketSmith India and Raja Venkatraman.

Stocks to buy, recommended by MarketSmith India

Pidilite Industries Ltd: Current market price 2,909.65| Buy range 2,850–2,920| Profit goal 3,350| Stop loss 2,720| Timeframe 2–3 Months

Paras Defence and Space Technologies Ltd: Current market price 1,079.05 | Buy range 1,060–1,090| Profit goal 1,290 | Stop loss 1,008| Timeframe 2–3 Months

Three stocks to buy, recommended by NeoTrader’s Raja Venkatraman

Zensar Technologies Ltd: Buy above 841| Stop 823 | Target 925

IT sector, after going through a rough patch, is now showing a resumption in the bullishness, and this stock is showing some signs of bottoming out with some steady buying at lower levels thus highlighting the genuine buying emerging. With momentum stepping up one can consider more possibility of continued upward bounce. Go long.

Also Read: Fractional shares will let small investors buy big stocks

Dalmia Bharat Ltd: Buy above 1,830 | Stop 1,950 | Target 1,790

After forming a strong base at lower support levels, the trends are showing keen interest to move higher. The long body candles that are seen at this juncture are highlighting the possibility of more rise ahead. The RSI is demonstrating a cross above the neutral zone, and with the volume building up, one can consider for some upside.

Also read: HUL needs a magic wand for recovery after subdued Q3

EID-Parry (India) Ltd: Buy above 845 | Stop 820 | Target 930

EIDPARRY, a mid-cap sugar manufacturer has been undergoing some volatile scenario in the last few days. The positive move seen on Thursday highlights that there is a shift seen in the negative outlook on the back of the government directive on sugar exports. As the possibility of revival emerges, one can consider going long and indicate some signs of further upside.

Also read: HDFC Bank turns in a steady Q3 while walking a loan growth tightrope

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