Expert Stock Picks: Three Stocks to Buy This Week Amid Market Volatility
Buy or sell: Ganesh Dongre of Anand Rathi recommends three stocks to buy on Monday - 4 May 2026
Mint
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The Indian stock market closed weakly at the end of April, with the Nifty 50 falling 0.73% to 24,000. Analyst Ganesh Dongre from Anand Rathi recommends buying shares of Laurus Labs, HDFC Bank, and Indian Railway Finance Corporation (IRFC) as investors adopt a cautious buy-on-dips strategy amid geopolitical uncertainties.
- 01Nifty 50 closed at 24,000, down 0.73% due to rising crude oil prices and a weak rupee.
- 02Ganesh Dongre recommends buying Laurus Labs, HDFC Bank, and IRFC.
- 03Market sentiment is cautious, influenced by global geopolitical developments.
- 04Immediate support for Nifty is seen at 23,500–23,800, with resistance at 24,800–25,000.
- 05Bank Nifty declined nearly 2% and is approaching a crucial resistance zone.
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The Indian stock market ended April on a weak note, with the Nifty 50 index falling 0.73% to close at 24,000. This decline was attributed to a sharp rise in crude oil prices and the Indian rupee hitting a record low. Analyst Ganesh Dongre from Anand Rathi noted that the market sentiment has turned cautious, advocating for a buy-on-dips strategy. He highlighted three stocks to consider: Laurus Labs, which should be bought at ₹1,095-1,100 with a target price of ₹1,142; HDFC Bank, with a buy range of ₹770-775 and a target of ₹830; and Indian Railway Finance Corporation (IRFC), recommended at ₹104 with a target of ₹114. The Nifty's immediate support is seen between 23,500 and 23,800, while resistance is at 24,800-25,000. The Bank Nifty also faced challenges, closing near 54,863, down nearly 2% for the week. A breakout above 56,500-57,000 could bolster bullish momentum in the banking sector.
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Investors may consider these stock recommendations to navigate the current market volatility, potentially impacting their investment strategies and portfolio performance.
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