Stock Recommendations for April 8: Market Insights and Analyst Picks
Raja Venkatraman, MarketSmith recommend four stocks for 8 April
Mint
Image: Mint
On April 7, the Nifty 50 and Sensex indices rose by 0.68% and 0.69%, respectively, ahead of the Reserve Bank of India's policy announcement. Analyst Raja Venkatraman recommends four stocks to buy on April 8, including Natco Pharma and Godawari Power & Ispat, amid improving global market conditions.
- 01Nifty 50 rose by 0.68% to 23,123.65 and Sensex by 0.69% to 74,616.58 on April 7.
- 02Raja Venkatraman recommends buying Natco Pharma, Godawari Power & Ispat, KPIT Technologies, and Thangamayil Jewellery.
- 03Natco Pharma's target price is ₹1,220, with a stop loss at ₹1,005.
- 04Godawari Power & Ispat has a target price of ₹310, with a stop loss at ₹275.
- 05KPIT Technologies is recommended with a target price of ₹781 and a stop loss at ₹675.
Advertisement
In-Article Ad
On April 7, the Indian stock market saw gains with the Nifty 50 increasing by 0.68% to 23,123.65 and the Sensex rising by 0.69% to 74,616.58. This rise was attributed to positive sentiment in technology stocks ahead of quarterly earnings reports and a potential de-escalation of tensions in the Middle East. Investors are particularly focused on the Reserve Bank of India's upcoming policy announcement on April 8. Analyst Raja Venkatraman from MarketSmith India has recommended four stocks for investors on this date. Natco Pharma Ltd, currently priced at ₹1,082.40, is suggested for purchase above ₹1,085 with a target of ₹1,220 and a stop loss at ₹1,005. Godawari Power & Ispat Ltd is recommended to buy above ₹285 with a target of ₹310 and a stop loss at ₹275. KPIT Technologies Ltd, priced at ₹707.85, has a buy recommendation above ₹710 with a target of ₹781 and a stop loss at ₹675. Lastly, Thangamayil Jewellery Ltd is suggested for purchase between ₹3,840 and ₹3,875 with a target price of ₹4,290 and a stop loss at ₹3,650. The overall market outlook is positive, driven by easing geopolitical tensions and favorable global cues.
Advertisement
In-Article Ad
Investors may see potential gains from the recommended stocks, which could lead to increased portfolio value and investment opportunities in the Indian market.
Advertisement
In-Article Ad
Reader Poll
Are you considering investing in the recommended stocks?
Connecting to poll...
More about MarketSmith India
Read the original article
Visit the source for the complete story.
