Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: 2 top stock recommendations from CA Rudramurthy – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > 2 top stock recommendations from CA Rudramurthy – Delhi News Daily
Business

2 top stock recommendations from CA Rudramurthy – Delhi News Daily

delhinewsdaily
Last updated: July 4, 2025 9:45 am
delhinewsdaily
Share
SHARE


“Till we are above 25,000 on Nifty, this market is a buy on every dip. I will completely change my stand once we close below 25,000 or else use every dips to 25,200 as a buying opportunity in Nifty and sector specific, stock specific, you have lot of opportunity even in this consolidating market,” says CA Rudramurthy BV, MD, Vachana Investments.

Let us look at the markets. In fact, on the Nifty we have slipped below the 25,400 mark today. In fact, we are below 25,350 levels right now. From here on, what are the levels to watch out for? Is the market really waiting and watching out for how the tariff talks pan out? A decision to come in for it to pick up a certain direction because right now it is only individual stocks that are really moving. But as far as Nifty is concerned, we are consolidating, we are correcting right now.
CA Rudramurthy BV: Let me be very-very clear, the market consolidation what is happening in last one week is all because of the tariff worries and what might be the rates at which Trump might tax India. Now, keeping this point aside, we cannot consider a 0.25% kind of a fall in Nifty as a big fall in market having seen a big move already above 25,200.

Now, let me be very crystal clear, 25,200 was an earlier resistance in Nifty which we broke. Now the 25,200 will act as a strong support. So, every dip to 25,200 we have to use as a buying opportunity and keep a stop loss of 25,000.

Till we are above 25,000 on Nifty, this market is a buy on every dip. I will completely change my stand once we close below 25,000 or else use every dips to 25,200 as a buying opportunity in Nifty and sector specific, stock specific, you have lot of opportunity even in this consolidating market.

Similar levels on Bank Nifty if you watch, earlier that 56,100, 56,000 which was acting as strong resistance is now acting as a strong support having broken that level of 56,000. So, every dip to 56,100 on Bank Nifty, I will use it as a buying opportunity, keep a stop loss on a closing basis below 56,000.

ET logo

Live Events

Until we are above 56,000 on Bank Nifty and about 25,000 on Nifty, use every dip as a buying opportunity. Macros are very good both globally and locally and we have to very closely watch what will be the Q1 result season which will pan out and if that is good, definitely it is a matter of time like Bank Nifty, even Nifty will hit all-time high. So, all eyes will be closely watched on quarterly results.

I want to understand that as you seem quite bullish in this market, which are your top picks which one can pencil in?
CA Rudramurthy BV: I will specifically first name the sectors where I am very bullish. Defence is a very-very bullish sector and BEL, stocks like even HAL are my top picks. You have to be very choosy there in defence sector. BEL and HAL will be my top picks. Look at pharma how beautifully it is doing and for me pharma is one of the best sector and go-to sector.

Look at stocks like Divi’s Labs, Laurus Labs, Biocon, they are looking very-very attractive. PSU banks will also do very good. In that, I have choice towards SBI, PNB, and then Canara Bank. It is also bottoming out. Look at Tech Mahindra, look at Coforge, look at Persistent Systems they are all very good.

Mid-sized private banks are also doing good. Federal Bank is my top choice there, even look at City Union Bank, even look at RBL Bank they are looking very-very good. So, metals are also showing bottoming sign. Vedanta and Hindalco will be my top pick. Chemicals are also doing good, in that you can pick up either UPL or look at Navin Fluoro, SRF, they are good stocks to definitely be in in chemical sector. Today, I am choosing two stocks.

One being Biocon. Pharma is doing very good. Biocon is also doing very good, so buy Biocon at current market price, I am looking at initial targets of 400 to come on Biocon, keep a stop loss of 365 for this long call. And also a buy call on DMart. DMart looks good to me, accumulate it on every dips to that 4,150, 4,200 zone and looking at initial targets of 4,500 to come on DMart. So, a buy call on Biocon and on DMart.



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article News18 Vijay Is TVK’s CM Face For 2026 Tamil Nadu Polls, Says No To Alliance With DMK, BJP – Delhi News Daily
Next Article China-Afghan ties: Beijing hails Russia’s decision to officially recognise Taliban govt; says ‘aims to pursue a policy of friendship’ – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • ‘Bill Gates has no role in toxic food coating’: Michelle Pfeiffer apologises after spreading misinformation; what is the controversy about Apeel’s food coating | World News – Times of India – Delhi News Daily
  • ‘Needed a distinctive leader’: Former Nike CEO John Donahoe returns to Stanford as athletics director; replaces Muir – Times of India – Delhi News Daily
  • Microsoft salary packages leaked: From entry-level to multi-million dollar paychecks; here’s how much tech giants pay | World News – Times of India – Delhi News Daily
  • ‘I wouldn’t call her a skilled politician’: Trump mocks Kamala Harris over governor decision; jokes about buying her new book – Times of India – Delhi News Daily
  • After Donald Trump’s ‘massive oil reserves’ deal, US to ship crude to Pakistan soon; here’s why it’s significant for Pak – Times of India – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

24 dead in Texas floods and more than 20 children missing from a girls summer camp – Delhi News Daily

KERRVILLE, Texas - Months worth of heavy rain fell in a matter of hours on Texas Hill Country, leaving 24…

8 Min Read
Business

Dalal Street Week Ahead: Time to exit overheated themes, enter emerging plays – Delhi News Daily

After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and…

6 Min Read
Business

Positive Breakout: These 7 stocks cross above their 200 DMAs – Upside Ahead? – Delhi News Daily

In the Nifty 500 pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 17,…

1 Min Read
Business

Mid and smallcap earnings to outshine Nifty 50 despite valuation concerns: Manish Sonthalia – Delhi News Daily

"All in all, largecap would have minus one to plus one sort of a CC, constant currency, growth but the…

13 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?