Stock Recommendations for May 14: Five Picks from MarketSmith and Raja Venkatraman
Raja Venkatraman, MarketSmith recommend five stocks for 14 May
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On May 14, Indian equities showed signs of recovery after a four-day decline, with the Nifty 50 and BSE Sensex gaining slightly. Analysts recommend five stocks for potential buying: NLC India Ltd, Rossari Biotech Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Hindustan Copper Ltd, and NMDC Ltd, each with specific entry points and targets.
- 01Indian stock market rebounded slightly after a four-day decline.
- 02Nifty 50 rose by 0.14% to 23,412.60.
- 03Raja Venkatraman recommends five stocks for buying on May 14.
- 04Each stock has specific entry points, stop losses, and target prices.
- 05Global market sentiment is improving, supporting domestic equities.
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On May 13, Indian equities ended a four-session losing streak, with the Nifty 50 rising 0.14% to 23,412.60 and the BSE Sensex gaining 0.07% to 74,608.98. This recovery was bolstered by gains in gold and silver ETFs following a recent import duty hike, although high crude prices and foreign outflows limited further gains. Analysts are optimistic about a positive market opening on May 14, driven by improving global sentiment and a rebound in U.S. technology stocks. Raja Venkatraman, Co-founder of NeoTrader, recommends five stocks for potential buying: NLC India Ltd, Rossari Biotech Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Hindustan Copper Ltd, and NMDC Ltd, each with defined entry points and target prices. For instance, NLC India is recommended to buy above ₹328 with a target of ₹358, while Rossari Biotech is suggested to buy above ₹534 with a target of ₹589. The recommendations reflect positive market trends and potential growth in these sectors.
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The stock recommendations could provide investment opportunities for local investors looking to capitalize on market recovery and sector growth.
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