Analysts’ top picks | Deepak Nitrite, Chambal Fertilisers, Biocon, Grasim, Apollo Tyres, Maruti, Escorts

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Technical analysts Mitessh Thakkar of earningwaves.com and Sudarshan Sukhani, along with Rajesh Palviya, VP-Tech & Derivative Research, Axis Securities share their top stock picks for the day.

From Mitessh Thakkar

Mitessh Thakkar’s first buy call of the day is on Deepak Nitrite. He recommends this with a stop loss of ₹2,320 for an upside target of ₹2,490. Shares have gained more than 11% in the last month.

He recommends a buy call on Chambal Fertilisers with a stop loss of ₹372 for an upside target ₹400. The stock is up more than 12% over the last month.

Thakkar also recommends buying Biocon with a stop loss of ₹274 for a target of ₹295. Shares have gained more than 10% over the last month.

Grasim is another buy call from Mitessh Thakkar. His recommendation comes with a target of ₹2,480 and a stop loss of ₹2,325. The stock has gained more than 6% in the last month.

From Sudarshan Sukhani

Sukhani finds a buying opportunity in Apollo Tyres. He advises traders to keep a stop loss of ₹457. Shares have gained more than 3% over the last month.

Sukhani’s also recommends buying ICICI Lombard. For this, he advises a stop loss of ₹1,619. Shares are up more than 2% over the last month.

Maruti Suzuki is another buy call from Sudarshan Sukhani. Stop loss is to be placed at ₹12,300. The stock has gained more than 6% in the last month.

Lastly, Sukhani recommends a buy on Oberoi Realty. He advises a stop loss of ₹1,350. Shares are down more than 1% over the last month.

From Rajesh Palviya

Rajesh Palviya has a buy call on Escorts with a stop loss of ₹3,180 and a price target of ₹3,300 on the upside. The stock was up more than 16% in the past month.

He also has a buy recommendation on Chambal Fertiliser with a stop loss of ₹376 for an upside target of ₹395.

Additionally, he recommends buying Bharti Airtel with a stop loss of ₹1,305 and a target of ₹1,390-1,400. Shares are up more than 11% over the last month.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow