As global market sentiment turns bearish, analysts are more selective in their stock recommendations for the upcoming trading session. With the GIFT Nifty suggesting a cautious outlook, only a few counters have been highlighted as potential buys. This Monday, key players such as Asian Paints, Colgate-Palmolive (India), Pidilite Industries, and Zen Technologies are in the spotlight.
Asian Paints: A Bright Spot
Asian Paints Ltd. has garnered attention from Aditya Agarwala, the head of research and investments at Invest4edu. He has given this stock a ‘Buy’ rating, with a target price set at ₹2,425. This forecast indicates a potential upside of 30.79% from its closing price last Friday, making it an appealing option for investors looking for growth.
Colgate-Palmolive (India): Steady Performer
Another stock that analysts are optimistic about is Colgate-Palmolive (India) Ltd. Ajit Mishra, Senior Vice President of Religare Broking Research, has also assigned a ‘Buy’ rating to this stock. The target price is pegged at ₹2,560, which translates to a 5.44% increase compared to its previous closing price. This makes it a reliable choice for investors seeking stability.
Pidilite Industries: Consistent Growth
Pidilite Industries Ltd. continues to be a solid pick, receiving a ‘Buy’ recommendation from Ajit Mishra as well. The target price is set at ₹3,000, suggesting a 3.34% upside from Friday’s closing. This company is known for its strong market position in adhesives and construction chemicals, making it a dependable investment.
Zen Technologies: Innovative Edge
Lastly, Zen Technologies Ltd. is also on the radar, with Ajit Mishra advocating a ‘Buy’ call for this stock. The target price is ₹1,520, indicating a potential upside of 5.2% from its last closing price. Zen Technologies is recognized for its innovative solutions in defense and aerospace, which could lead to further growth.
Summary of Recommendations
- Asian Paints Ltd.: Target Price – ₹2,425 (30.79% upside)
- Colgate-Palmolive (India) Ltd.: Target Price – ₹2,560 (5.44% upside)
- Pidilite Industries Ltd.: Target Price – ₹3,000 (3.34% upside)
- Zen Technologies Ltd.: Target Price – ₹1,520 (5.2% upside)
In a climate of uncertainty, these stocks present potential opportunities for investors. As always, it’s crucial to conduct thorough research and consider market conditions before making investment decisions. For real-time updates on the stock market, keep an eye on the latest news and expert analyses.
