InvestorQ : Hi Diksha, would you suggest any fresh stocks to buy for 13 October and can I take profit on Granules as the stock has moved up?
Crowny Pinto made post

Hi Diksha, would you suggest any fresh stocks to buy for 13 October and can I take profit on Granules as the stock has moved up?

Answer
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diksha shah answered.
1 week ago


At higher levels of the index and after a 9-day rally, it is best to get a little cautious and consolidate the gains rather than look to keep adding positions. Here is what you must do.

· You can look to buy ITC from a short term perspective at Rs.172 for targets of Rs.210 in 2-3 months. Apart from the lure of the Savlon brand growth, the CLSA upgrade will also work in favour of ITC in the short term.

· In case you missed out on yesterday’s call to buy Snowman Logistics at Rs.39, you can still do so with upside targets of Rs.55 in 2-3 months. Snowman is one of the big beneficiaries from the major thrust placed by the government on post-harvest infra.

· Regarding your question on Granules, if you got into the stock at Rs.376, you can exit around Rs.396 levels. Also, if you could not book profits on BOB on Monday, look to cut BOB if you have already taken a long SBI position.

For the time being, IT stocks and to a lesser extent, pharma stocks are likely to lead the rally. You can position your short term trades accordingly.