LIC, DMCC To Medanta: THESE 5 Stocks Defied Stock Market Crash With Up To 7% Rally; Time To Buy?

The Indian stock market witnessed a sharp decline in the past five trading sessions as United States Donald Trump slapped a whopping 50% tariffs on Indian imports. Nifty 50 lost around 296 points last week to close at 24,363 points, whereas BSE Sensex shed nearly 818 points in the last five trading sessions to close at 79,857.79 points on Friday.

Experts have indicated that the Indian stock market is likely to trade on a dull note in the coming days as well amid a lack of clarity around the future discourse of the Indian government over Trump tariffs.

"In the weekly chart, a Doji candle has formed once again, highlighting ongoing indecision and a tug of war between bulls and bears. Throughout the week, Nifty faced selling pressure from higher levels and failed to see sustained momentum. Going forward, Nifty needs to hold above the 24600 zone to extend the recovery towards 24750 and then 24900. On the flip side, a move below 24600 could trigger weakness again with support seen at 24442 followed by 24350," stated Taparia in the weekly analysis.

As the market is likely to move in the negative territory in coming sessions, the bearish sentiment may bring some stocks under attractive valuations. As we prepare for the stock market strategy of the week, here are five stocks analysis and recommendation by Anuj Gupta of HDFC Securities.

DMCC

DMCC Specialty Chemicals surged around 12.73% on BSE and closed at Rs 336.85 per share on BSE on Friday, August 8 with a market capitalisation of Rs 840 crore.
"Substantial volumes are supportive for the stock prices. We are expecting it may further rise to test 370 to 380 levels. One can buy around 315 to 320 levels with the stoploss of 285 for the Target if 370 to 380 levels," stated Anuj Gupta.

Rategain Travel Technologies

Despite the stock market's tragic fall, Rategain Travel Technologies shares surged around 7.87% to close at Rs 473.7 per share on BSE on Friday with a market capitalisation of Rs 5,593.33 crore. The BSE small cap stock's price recovered from oversold zone and ended the week in positive note.

"Bottom buying is expecting in this scrip. On can buy this stock around 450 to 455 with the stoploss of 410 for the target of 500 to 520 levels," noted Gupta.

LIC

Life Insurance Corporation shares rallied after the company reported its June quarter results. LIC's net profit increased by 4% on a year-on-year basis to Rs 10,957 crore and a premium income surge of 4.7% during the quarter.

LIC shares closed nearly 3.06% higher at Rs 912.55 per share with a market capitalisation of Rs 5,77,187.67 crore on BSE. "We saw a fresh breakout on the charts, prices trading above two week's high levels. One can buy LICI around 890 to 900 levels with the stoploss of 864 for the target of 960 to 970 levels," stated Gupta.

Gujarat State Fertilisers and Chemicals (GSFC)

Despite nearly 800 points decline in Sensex's value, Gujarat State Fertilisers and Chemicals (GSFC) shares surged around 7.29% to close at Rs 213.3 per share on BSE on Friday.

"As per the technical breakout it seems that we could seen further appreciation in the prices. One can buy around 200-205 levels with the stoploss of 190 levels for the target of 230 to 235 levels," according to Anuj Gupta.

Medanta

Shares of Global Health, also known as Medanta, witnessed a stellar rally on Friday, with the stock surging around 7.39% to close at Rs 1423.55 per share on BSE. The company has recently fixed record date for dividend. "From last 8 weeks it is increasing and trading in up trend. One can buy on dips this stock around 1360 to 1370 levels with the stoploss of 1300 for the target of 1460 to 1470 levels," stated Anuj Gupta.

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.