Vinit Bolinjkar, Head of Equity Research at Ventura Securities, shared his top stock picks for the upcoming week. He is focused on two sectors: auto and power. According to Bolinjkar, Maruti Suzuki is a key stock to watch in the auto sector. He believes Maruti will perform strongly in FY25, especially with the company’s plan to set up 25,000 electric vehicle charging points before its EV launch.
In the power sector, Bolinjkar recommends Adani Green. Despite some recent profit-taking, he expects the stock to gain momentum next week, especially with the upcoming NTPC Green IPO, which could positively impact the power market.
Bolinjkar also noted that global rate cuts are benefiting Indian equities. With the October season being historically positive, and key IPOs scheduled, he expects the overall market to remain strong, particularly in sectors like banking, IT, and metals.
While metal stocks have performed well recently, Bolinjkar advises investors to be cautious of some profit-taking in the short term, but he remains optimistic about companies like Tata Steel and SAIL performing well in the longer run.
In summary, Bolinjkar sees Maruti Suzuki and Adani Green as key stocks to watch next week, with a positive outlook for both the auto and power sectors.
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.
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