Now Reading: Bagadia picks Federal Bank, M&M, TCS while Kothari picks ZEEL, GMR, NCC
-
01
Bagadia picks Federal Bank, M&M, TCS while Kothari picks ZEEL, GMR, NCC
Bagadia picks Federal Bank, M&M, TCS while Kothari picks ZEEL, GMR, NCC
Livemint reports that Sumeet Bagadia of Choice Broking has recommended buying Federal Bank (target ₹390), M&M (target ₹3,800), and TCS (target ₹2,700) on Monday. Mehul Kothari of Anand Rathi has recommended ZEEL…
The Story in Brief
Livemint reports that Sumeet Bagadia of Choice Broking has recommended buying Federal Bank (target ₹390), M&M (target ₹3,800), and TCS (target ₹2,700) on Monday. Mehul Kothari of Anand Rathi has recommended ZEEL (target ₹104), GMR Airports (target ₹118), and NCC (target ₹165). The recommendations come after the Nifty 50 ended Friday 0.27% lower at 24,570 due to a sell-off in financial stocks after the RBI's draft lending norms for NBFCs. Bagadia sees immediate support at 24,300, while Kothari views 24,100 as a buying zone.
The Indian Opinion
Stock tips from analysts are a dime a dozen, but retail investors often chase them without checking their own risk appetite. The RBI's draft NBFC norms triggered a sharp sell-off in financials, yet the index held above 24,300. Is the panic overrated? The real test will be whether the Nifty can sustain above 24,750 this week, or if the correction deepens. Watch the RBI's final stance on NBFC lending.
Sources (2): livemint.com, livemint.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
