The Indian stock market (Share Market) saw a strong boom today. The BSE Sensex closed at 81,018.72 with a jump of 418.81 points on the basis of metal, commodity and automobile stocks. At the same time, NSE Nifty also climbed 157.40 points to close at 24,722.75. At present, there are signs of improvement in global seats, due to which the Indian market is also trying to recover.
Meanwhile, we will talk about 3 hot stocks PNB Housing Finance, Ireda and Adani Total Gas. According to the expert, it is time to apply brakes on the shares of PNB Housing. Market Guru Kush Ghodasara says that the possibility of recession and interest cuts in housing demand in the NBFC sector may increase pressure. This can affect the net interest margin (NIMS).
Ghodasara’s advice is not to jump in PNB Housing right now, otherwise you may get trapped around 680 rupees’. That is, you can stay away from the shares of PNB Housing at the moment. According to the expert, the stock may fall to a level of Rs 680.
Ireda: for those who play long term games!
Now let’s talk about the Indian Renewable Energy Development Agency (IREDA). If you are a long race player, then this stock is for you. Ghodasara says that Ireda has strong support at Rs 135. If you think more than two years, then you can buy it with a stop loss at Rs 135. Do not expect a rally like IPO, but a target of up to Rs 250 can gradually get caught. Because further Green Energy is the era.
Adani Total Gas: There is a chance for the risk!
Adani Total Gas has recently disappointed a little. But now it seems to be making stock base. According to Ghodasara, recovery is expected in the city gas distribution segment. If you are in the mood to take a little risk, you can average at existing levels. But definitely put a stop loss at Rs 560. This stock is risky, yet it can also benefit with a smart move.
Market mood and advice
On Monday, the boom of metal, commodity and auto sector has done a little enthusiasm in the market. But jumping without thinking in the stock market can be financially dangerous.
(Note: Be sure to consult your financial advisor before investing in the stock market.)
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