Stock specific rally will continue: AK Prabhakar, IDBI Capital
Investors must stick with quality names and add fundamentally strong stocks if markets correct
- Sakshi Batra
- Last Updated : September 14, 2021, 15:02 IST
Domestic equity benchmarks traded with gains in the second half of the session, although came off the high point. There was buying interest seen in media stocks and heavyweights RIL and private bank stocks. Broader markets outperformed the frontline indices Divi’s Lab, Eicher Motors, UPL, Tata Motors and Bajaj Finance were among top performers. On the other hand, Grasim, Hindalco, UltraTech Cement, Infosys and Shree Cements were among top losers. AK Prabhakar of IDBI Capital spoke to money9 on the investment strategy one should follow.
“The rally might continue amid some dips and corrections here and there but one must stick with quality names as it will be very stock specific rally going forward”, he said.
Stock Recommendations
Valiant Organics | Buy | Target: 1650 | Duration: 3 months
Surya Roshni | Buy | Target: 670 | Duration: 6 month
HDFC Life | Buy | Target: 900 | Duration 1 year
Domestic equity benchmarks traded with gains in the second half of the session, although came off the high point. There was buying interest seen in media stocks and heavyweights RIL and private bank stocks. Broader markets outperformed the frontline indices Divi’s Lab, Eicher Motors, UPL, Tata Motors and Bajaj Finance were among top performers. On the other hand, Grasim, Hindalco, UltraTech Cement, Infosys and Shree Cements were among top losers. AK Prabhakar of IDBI Capital spoke to money9 on the investment strategy one should follow.
“The rally might continue amid some dips and corrections here and there but one must stick with quality names as it will be very stock specific rally going forward”, he said.
Stock Recommendations
Valiant Organics | Buy | Target: 1650 | Duration: 3 months
Surya Roshni | Buy | Target: 670 | Duration: 6 month
HDFC Life | Buy | Target: 900 | Duration 1 year
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