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Samvat 2083 stock picks | Stocks to buy: As Samvat 2083 kicked off with the Muhurat Trading session on Sunday, long-term investors are expected to find value picks for their stock portfolio. They are highly optimistic after the successive bull run in the pre-Diwali rally on Dalal Street. Easing of Middle East tensions and Brent Crude oil price slipping below $100 per barrel further boosted positive sentiment in the Indian stock market.
According to stock market experts, easing tensions in the Middle East and cooling crude oil prices are expected to boost metal demand due to manufacturing and infrastructure growth in China and other countries across Asia, Africa, and Latin America. They said that metal and infrastructure companies are expected to benefit from this theme, which is expected to work in the upcoming bull trend widely expected in the Indian stock market, but advised buying metal stocks as they would benefit from the demand for metals by various allied industries.
How to select a metal stock during Samvat 2083? Avinash Gorakshkar, Founder of Avinash Mentor Research, said, “Selecting a stock depends on the kind of investment goal an investor has. If the investor is looking for steady income beyond stock price movements, NMDC can be a good option, as it is one of the highest-dividend-paying stocks. However, for core growth with capex expansion, the JSW Steel and Tata Steel shares are better suited for such investors. Likewise, for an investor looking for a mid-cap alpha return, Welspun Corp shares are most suitable among the metal stocks.”
Batting in favour of JSW Steel and NMDC shares, Anuj Gupta said, “JSW Steel shares should be the top stock pick for a balance of risk, market leadership, and domestic demand capture in Samvat 2083. The company offers superior operational execution, low debt-to-EBITDA metrics among private steelmakers, and direct exposure to India's domestic infrastructure build-out. JSW Steel has declared an aggressive domestic capacity expansion, top-tier cost efficiency, and strong technical support following recent consolidations. So, JSW Steel shares should be the top stock pick in the metal segment.”
On why one should buy NMDC shares along with JSW Steel, the SEBI-registered market expert said one should hold both primary and secondary stocks in the same segment. JSW Steel is the primary choice due to strong fundamentals and CAPEX expansion, whereas NMDC has the capacity to provide steady income beyond stock price movements. So, the diversified income from NMDC shares makes it a secondary choice for an investor looking to buy metal stocks in Samvar 2083.
Decoding the technical chart pattern of JSW Steel shares, Mahesh M Ojha, VP — Research and Business Development at KC Securities, said, “JSW Steel shares are looking positive on the technical chart. The metal stock has strong support at ₹1,324, which is expected to remain sacrosanct. The metal stock is facing resistance at ₹1,376. On breaking above this resistance, JSW Steel may soon touch ₹1,400 levels.”
Ojha said that existing investors should hold the scrip, maintaining a strict stop-loss at ₹1,324 for the upside target of ₹1400. Fresh investors can also buy JSW Steel shares for a target of ₹1,400, maintaining a strict stop-loss at ₹1,324.
The KC Securities expert said that NMDC shares have strong support placed at ₹68. He advised existing NMDC shareholders to hold the scrip, maintaining a stop-loss at ₹68 for the upside target of ₹78. Fresh investors can also buy NMDC shares, maintaining a stop-loss at ₹68 for the upside target of ₹78.
Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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