As Samvat 2083 begins with the Muhurat Trading session, long-term investors are on the lookout for valuable stock picks. The optimism is fueled by a pre-Diwali bull run, easing Middle East tensions, and Brent Crude oil prices dropping below $100 per barrel. Experts believe these factors will boost metal demand, particularly in manufacturing and infrastructure sectors across Asia, Africa, and Latin America.
Avinash Gorakshkar, Founder of Avinash Mentor Research, suggests selecting metal stocks based on investment goals. For steady income, he recommends NMDC, while JSW Steel and Tata Steel are better for growth with capex expansion. Welspun Corp is ideal for mid-cap alpha returns.
Anuj Gupta highlights JSW Steel as the top pick due to its market leadership, operational efficiency, and domestic demand capture. He also advises holding NMDC for diversified income. Mahesh M Ojha from KC Securities notes that JSW Steel has strong support at ₹1,324 and resistance at ₹1,376, with a target of ₹1,400. NMDC shares have support at ₹68 and a target of ₹78.
The experts recommend maintaining strict stop-losses for both stocks. JSW Steel should be held with a stop-loss at ₹1,324, and NMDC at ₹68. Fresh investors can also consider these stocks with the same stop-loss levels.