Experts give buy tag to these financial and chemical stocks
Amid soaring Covid-19 cases in India, Dalal Street has managed to witness some upside movement in the last few trade sessions. According to experts, the stock market is currently moved by two major triggers — number of fresh Covid-19 cases and company results. They said that recent rise in the markets can be attributed to the strong quarterly numbers announced by various companies. They advised investors to continue with the stock specific trade and recommended SBI Card and Atul Limited shares to buy today for immediate short-term gains.
Speaking on which shares to buy in current market scenario Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Irrespective of the record rise in Covid-19 cases in India, Indian indices have managed to witness upside move because of the strong company results. If the number of Covid cases continue to rise then we can again witness some fresh weakness in the market as currently market is following two triggers — number of fresh Covid-19 cases and company results. So, I would advise investors to continue with stock specific trade." Gorakshkar advised investors to buy SBI Card and Atul Limited stocks to buy when the stock market opens today as fundamentals of both companies are looking strong and any dip in these ‘quality stocks’ should be seen as buying opportunity.