Buy on dips? Go for these 4 defence and hotel stocks: Hemang Jani

Ajay Srivastava believes that there is no need to change anything in the market. He emphasizes that it is a good place to be and that there is no requirement to reinvent the wheel or find hidden gems. He advises investors to be cautious and aware of their comfort level when investing in PSUs and railway stocks. He also highlights the importance of patience in buying and states that the government's continuity in spending will provide opportunities for investors.

Hemang Jani says there is no need to react in a knee-jerk manner. The correction is providing a great opportunity. advises The market correction presents opportunity for balanced investment in largecaps, midcaps, and smallcaps. Adani, Ambuja, ACC, IDFC First, PSU banks, BEML, Max Health, Apollo Hospitals, Lemon Tree, Indian Hotels are good buys.

“ if you look at most of the largecap names like Reliance, HDFC Bank and if you look slightly longer over the last say 12 months or so, even ICICI Bank has not done anything. Given the fact that both Reliance and HDFC Banks stocks have got a considerable weightage and they have not performed, that actually makes the case that when they start performing next year, there is a good probability that the largecaps might outperform midcaps for some time.”

“Paytm and Zomato continue to deliver better than expected numbers and data points. The only thing is having seen a big run-up, it would make more sense to wait for a 10-15% kind of a dip before buying into these. I would be positive on names like Zomato as well as Paytm but would wait for a small dip.”

ITC stocks have been on a bull run this year, having gained over 32 per cent since January. In the past 12 months, shares of the cigarette maker have surged over 61 per cent and over 100 per cent in the past two years. Will the rally continue?

In PSU bank space, Canara Bank reported stronger numbers. That should do well. From the Covid lows, the stock has already done two-and-a-half, three times. The next is Bank of Baroda. In the large names beyond SBI, these two should do well. Thirdly, Jammu & Kashmir Bank stock was a doubler in a year, year-and-a-half, similar to most of the PSU names.

Elixir Equities Director, Dipan Mehta, argues that new age companies such as Zomato, Policy Bazaar, Nykaa, and Paytm are stocks of the decade of the 2030s and could be huge multibaggers over the next 5-10 years. However, these companies are still in their investment phase, which reflects in their P&L, although they are making strong efforts to get into EBITDA positive. Regarding concerns about Page's decline, Mehta suggests that a demand slump due to higher inflation and uncertainty around weather patterns may have impacted Page industries.

Sanjiv Bhasin says markets are all about fine-tuning. IT has proven that whatever seems infeasible becomes feasible over time. Wipro and HCL Tech have led from the front, causing shorts to get squeezed. Wipro's stock is expected to reach at least Rs 550. The index is expected to reach 22,000, but stock selection is crucial. State Bank and other stocks like Indigo, Ashok Leyland, and ABSL AMC are value buys. It is better to stay with reasonably valued stocks like Reliance, SBI, ICICI, and IT.

Stocks to buy today: Experts believe that auto, banking and real estate shares may generate alpha returns in near term after RBI's growth projection

For the last three weeks, the stock market has witnessed correction in all segments of the market. Whether it is, large, mid or small cap market breadth in all segments remained weak in a number of trading sessions. In such times, if one is looking to buy stocks it would be better to look at stocks where some fundamentals developments have made analysts turn bullish on them. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame