InvestorQ : Hello Diksha, do you have any good stock trading ideas for the 07 October and what do you suggest on the stocks that have already been recommended by you?
Debbie Mascarenhas made post

Hello Diksha, do you have any good stock trading ideas for the 07 October and what do you suggest on the stocks that have already been recommended by you?

Answer
user profile image
diksha shah answered.
3 weeks ago


Here are my stock specific suggestions for 07 October. However, please keep in mind that US markets showed late correction on Tuesday and that could weigh on sentiments.

· You can look to buy Piramal Enterprises at Rs.1350 for targets of Rs.1450 in one month. The 20% stake sale in Piramal Pharma to Carlyle will hasten the debt reduction plans of PEL even as the stock recovers with a recovery in the realty market.

· In a market that is dominated by pharma, CRAMS and bio-similars, you cannot really be too far away. Buy Advanced Enzymes at Rs.357 for upside targets of Rs.450 over the next 2-3 months time as the stock gets significantly re-rated from here on.

· Regarding your query on my existing calls, you can book profits in Adani Ports, Ambuja Cements, Tata Motors and Camlin Fine Chemicals. These stocks have already given returns between 8% and 15% in last couple of weeks and offer a good exit.

While the US markets will be an overhang, India VIX has fallen below the 20 levels. That will limit downside risks as buying at lower levels looks set to take the Nifty rally up to 11,800 levels from here.