InvestorQ : Are you suggesting to buy any stocks in the market ahead of Muhurat Trading on Saturday, 14 November?
sarah Leo made post

Are you suggesting to buy any stocks in the market ahead of Muhurat Trading on Saturday, 14 November?

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diksha shah answered.
2 weeks ago
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One way to base buying decisions in this type of market is to go purely by the reality of numbers announced for the quarter. There are two stocks I would suggest that you add at this point of time to your shopping basket but keep a medium term perspective.

· You can go out and buy Power Finance Corp or PFC at Rs.101 for targets Rs.120 over the next one month. The company has come out with outstanding 72% growth in profits in the current Sep-20 quarter and offers a good value upside.

· Atma Nirbhar 3.0 announced on 13 November, offered an Rs.65,000 crore fertilizer subsidy allocation to farmers to buy fertilizers to boost agriculture. You can look to buy Chambal Fertilizers at Rs.171 for targets of Rs.197 on this stock.

Let us be clear that this is time for caution because while the government has answered the question on stimulus, it has answered the question of where the money will come from. There is a risk of fiscal deficit shooting and as a trader you must keep that in mind.


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