Curated By: Business Desk
Last Updated: November 02, 2023, 16:29 IST
Nifty50 closed 126.9 points higher at 19,116 on Thursday
As the investors remain cautious amid a volatile market, many experts see this correction phase as an ideal period to improve the portfolio with a few quality stocks.
Stock markets have seen a volatile phase in recent weeks due to multiple factors including the global uncertainties amid the Israel-Hamas war. Indian stock markets have also witnessed a bearish trend with two key benchmark indices Nifty50 and BSE Sensex registering a downward spiral in the last couple of sessions. Both the benchmark indices have fallen more than 2.5% in the past one month.
Nifty50 closed 126.9 points higher at 19,116 on Thursday ending its downward spiral in the last two consecutive sessions while BSE Sensex ended 489.57% higher at 64080.90 points.
As the investors remain cautious amid a volatile market, many experts see this correction phase as an ideal period to improve the portfolio with a few quality stocks with high growth potential in the long-term. According to Moneycontrol, Vinit Bolinjkar of Ventura Securities has recommended his top picks during this market downturn.
1. Religare Enterprises
Religare Enterprises initiated a major restructuring process in the 2019 financial year, giving its board a new shape. Vinit Bolinjkar of Ventura Securities has advised investors to consider investing in this stock. In the last six months, this stock has provided a 38.67% return to investors. However, the stock closed 0.79% lower at Rs 270.9 apiece on BSE on Thursday.
2. Marksans Pharma
Marksans Pharma has acquired a Teva manufacturing facility, and it is expected that this acquisition will double the company’s manufacturing capacity in India. The pharma major is expected to produce products like tablets, hard and soft gelatin capsules, ointments, liquids, and creams this year. The analyst has recommended investors to consider investing in Marksans Pharma. In the last year, this stock has given a return of over 115% to investors. On Thursday, the stock closed at Rs 108.45 apiece, down 0.73%, on BSE.
3. Welspun India
According to the analyst, Welspun India’s Price to Earnings (PE) ratio is 27.33, which is higher than the industry average, and in the last six months, this stock has seen a growth of 47.95%. The stock ended in red 1.97% lower at Rs 148.95 apiece on BSE on Thursday.
4. JSW Infrastructure
JSW Infrastructure recently raised Rs 2,800 crore through an IPO. JSWIL has a significant anchor volume with its 11 ports and terminals in its portfolio, which is coming from its partner companies. Ventura Securities has also recommended investing in JSW Infrastructure. Shares of the company ended at Rs 171.65 per share, up 2.05% on BSE, on Thursday.
5. Lloyds Metals & Energy
Ventura Securities is bullish on Lloyds Metals & Energy Share. The company has received approval for its Sujagadh iron ore pellet unit. Its Price to Earnings (PE) ratio is 22.39. Shares of the company closed 0.63% higher at Rs 525.5 apiece on BSE on Thursday.