4 Pharma Stocks CA Rudramurthy is Bullish on Amidst Bank Nifty’s Resistance at 50,000

  • Nifty: Likely to trade between 22,000 and 23,000. No significant upward movement expected soon.
  • Bank Nifty: Likely to face strong resistance around 50,000. A clear breakout above 50,000 in Bank Nifty and 23,000 in Nifty is required for further gains. Until then, expect any rise to be met with selling pressure.

Election Volatility:

  • Market structure changed after the recent political results.
  • Valuations were high even before the election outcomes, and post-results, we saw a surge followed by a correction.
  • In the very short term, expect market sell-offs on any rise.
  • Advice: Wait and watch for the next week, especially if you’re new to investing. Look for stock-specific and sector-specific opportunities.

Sector Views

FMCG, Pharma, IT, and Rural Development:

  • FMCG, Pharma, and IT: Expected to perform well. Focus on sectors related to rural development and financing.
  • PSU Stocks: After a significant rally over the past two years, it’s time to book profits in public sector units (PSUs) like REC, PFC, BHEL, and BEL. They might face short-term corrections.

Stock Recommendations

Rural Theme and FMCG:

  • Hindustan Unilever: Strong outlook.
  • Dabur, Colgate, ITC: Solid picks within the FMCG sector.


  • Tata Steel, Hindalco, Jindal Steel: Promising picks in the metals sector.

Rural Financing and Private Sector:

  • Bandhan Bank: Attractive at current levels (~190-192), with potential targets of 220-230.
  • L&T Finance: Looks good around 157-158.


  • Biocon, Zydus Life, Sun Pharma, Dr. Reddy’s: Recommended picks within the pharma sector.

PSU Stocks Advice

Public Sector Units (PSUs):

  • PSU Banks: Consider buying on dips, especially SBI.
  • Oil Marketing Companies: BPCL, HPCL could be good picks.

Profit Booking:

  • Consider booking profits on PSUs that have already rallied significantly. Focus only on selective PSU banks and oil marketing companies for potential gains.


  • Short-term Strategy: Focus on selective stocks and sectors like FMCG, Pharma, IT, and metals. Be cautious with PSUs.
  • Medium to Long-term: India’s growth story remains strong. Expect market volatility due to political and global changes, so choose investments carefully.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

We will be happy to hear your thoughts

      Leave a reply

      Share Price India News