Sunil Hitech, Cera Sanitaryware Among Jay Thakkar's Multibagger Diwali Picks
The stock markets have given good returns in past one year, with the Nifty rising 10 per cent since last Diwali. The broader markets have outperformed the benchmark indices in Samvat 2072 with BSE mid-cap index soaring 24 per cent and the small-cap index rallying 20 per cent. Meanwhile, NDTV Profit spoke to Jay Thakkar, senior technical analyst at Sharekhan, to discuss his multibagger stock ideas.
Top Diwali Picks
Sunil Hitech Engineers: This stock is continuously forming higher top higher bottom formation on charts and investors can buy this stock for target of Rs 650 with stop loss at Rs 375.
Aarti Drugs: The stock has been performing well and investors can buy this stock for target of Rs 875.
Greaves Cotton: Investors can buy Greaves Cotton for target for target of Rs 335 with stop loss at Rs 153.
Suven Life Sciences: Investors can buy this stock for target of Rs 338 with stop loss at Rs 144.
IFB Industries: The stock has been trading in an upward sloping channel and investors can buy this stock for target of Rs 933 with stop loss at Rs 362.
Thomas Cook: Investors can buy Thomas Cook for target of Rs 390 with stop loss at Rs 165.
Rashtriya Chemical Fertilisers: The stock is likely to go up to Rs 100 and traders can buy with stop loss at Rs 35.
PTC India Financial Services: Investors can buy this stock for target of Rs 76 with stop loss at Rs 29.7.
Corporation Bank: The stock looks good among smaller PSU banks and investors can buy this stock for target of Rs 135 with stop loss at Rs 31.
Cera Sanitaryware: Investors can buy this stock for target of Rs 8,800 with stop loss at Rs 2,100.
Schneider Electric: This is one of my favorite stocks and it is continuously forming higher top higher bottom formation on charts. Investors can buy this stock for target price of Rs 243 with stop loss at Rs 125.
Care Ltd: The stock is forming higher top higher bottom formation. Investors can buy this stock for target of Rs 2,700 with stop loss at Rs 1,149
Monsanto India: Investors can buy Monsanto India for target of Rs 5,160 with stop loss at Rs 1,590.
The above discussed stocks carry a time horizon of 1-2 years.
Disclaimer: Investors are advised to make their own assessment before acting on the information.
