Top stock picks by market experts: Recommended stocks to buy on 4 April
Subscribe to enjoy similar stories. •ANGELONE: Buy above: ₹2,470 | Stop: ₹2,430 | Target: ₹2,590-2,675 Buy: Angel One (current price: ₹2,461.65) Why it’s recommended: Strong surge seen after some hesitation at the resistance zone around 2,400 spells that there is some strong underlying momentum. With the market showing renewed momentum, we should keep an eye on this stock now.
Key metrics: P/E: 15 | 52-week high: ₹3,503 | Volume: 1.53 million. Technical analysis: Support at ₹2,165, resistance at ₹2,900. Risk factors: Being a brokerage firm, it is highly sensitive to market volatility and investor sentiment.
Buy at: ₹2,470 | Target price: ₹2,590-2,675 in three months | Stop loss: ₹2,430 •CREDITACC: Buy above: ₹1,025 | Stop: ₹995 | Target: ₹1,095-1,100 Buy: Creditacc (current price: ₹1,011.35) Why it’s recommended: After a disappointing Q3, prices were struggling to generate some upward traction. Now, with the buying interest at lower levels we are once again seeing a steady buying interest emerge. Key metrics: P/E: 19 | 52-week high: ₹1,553 | Volume: 762,500.
Technical analysis: Support at ₹850, resistance at ₹1,100. Risk factors: As a microfinance institution, it faces risks of loan defaults, especially in economically weaker regions. Buy at: ₹1,025 | Target price: ₹1,095-1,100 in three months | Stop loss: ₹995 •POLYPLEX: Buy CMP and on dips to: ₹1,211 | Stop: ₹1,200 | Target: ₹1,325-1,350 Buy: Polyplex (current price: ₹1,248.40) Why it’s recommended: After the sharp decline seen from December, the recovery has been quite robust with the formation of a higher low and steady participation.
Key metrics: P/E: 48 | 52-week high: ₹1,480 | Volume: 62,000. Technical analysis: Support at ₹1,170, resistance at ₹1,400. Risk
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