Top Stock Picks for April 8: Raja Venkatraman's Recommendations
Stocks to trade: Raja Venkatraman recommends five stocks for 8 April
Mint
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On April 8, Raja Venkatraman of NeoTrader recommends three stocks for trading: Natco Pharma Ltd, Godawari Power and Ispat Ltd, and KPIT Technologies Ltd. Despite ongoing geopolitical tensions and foreign institutional selling, Indian equity benchmarks posted gains, with the Sensex closing at 74,616.58 and the Nifty 50 at 23,123.65.
- 01Sensex and Nifty 50 closed with gains, marking the fourth consecutive session of increases.
- 02Natco Pharma Ltd is recommended to buy above ₹1,085 with a target of ₹1,220.
- 03Godawari Power and Ispat Ltd should be bought above ₹285 with a target of ₹310.
- 04KPIT Technologies Ltd is suggested to buy above ₹710 with a target of ₹781.
- 05Market volatility persists, but bullish momentum is returning as indices stay above critical support levels.
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On April 8, the Indian equity markets continued their upward trend, with the Sensex gaining 510 points to close at 74,616.58 and the Nifty 50 rising 155 points to 23,123.65. This marks the fourth consecutive session of gains, despite ongoing geopolitical tensions and foreign institutional investors selling off stocks. Raja Venkatraman from NeoTrader has recommended three stocks for trading today: Natco Pharma Ltd, Godawari Power and Ispat Ltd, and KPIT Technologies Ltd. Natco Pharma, a Hyderabad-based pharmaceutical company, is advised to be bought above ₹1,085 with a target price of ₹1,220. Godawari Power and Ispat, an integrated steel manufacturer in Chhattisgarh, should be purchased above ₹285 with a target of ₹310. Lastly, KPIT Technologies, specializing in automotive software, is recommended to buy above ₹710 with a target of ₹781. The market's resilience amidst volatility indicates a potential for further bullish momentum, particularly if indices maintain levels above 23,000.
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Investors may find opportunities in the recommended stocks, potentially leading to gains as the market shows signs of recovery.
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