Some profit booking was seen in the stock market after the all-time high level and after Friday’s fall, some weakness was also seen in Monday’s opening. Nifty saw a low of 24750 in the opening session on Monday, but some recovery was seen from here.
Some recovery was seen in the market and Nifty started trading above 24900 in the afternoon. Experts are advising to buy some stocks running at good valuation at this level.
The Group Chairman of Inditrade Capital believes that the market decline on Friday has happened under the influence of global markets and if the market comes down further from here, then some large-cap stocks should be bought.
The Group Chairman of Inditrade Capital said that there are apprehensions and some panic in the Indian markets regarding the US non-farm payroll data coming in the evening.
At such a high level and after a long continuous rise in the markets, a little market correction or profit-loss is good for the health of the market.
Reliance Industries
The Group Chairman of Inditrade Capital said that if the market goes down further from here, then Reliance Industries Ltd (NSE: RELIANCE) should be bought.
Reliance Industries Ltd has a market cap of 19,78,933 Crore rupees and it is the largest market cap company listed in the Indian stock market.
The Group Chairman of Inditrade Capital said that if the share price of Reliance Industries Ltd comes down further, then it is appropriate to take a look at it. The date of the bonus record will be announced, and based on depending on the state of the business you can get some sort of price very soon.
We’ve been discussing this for quite a while and this is a fact and the date is not certain. Therefore, from a long-term investor’s point of view, Reliance Industries Ltd is a good buy call with correction.
Larsen & Toubro
The Group Chairman of Inditrade Capital said that Larsen & Toubro Ltd (NSE: LT) has a great story, with strong tailwinds behind it. If it’s infrastructure, construction international or domestic, including hydrocarbons, there is much to be done. So any correction in Larsen & Toubro Ltd is an opportunity to buy.
Larsen & Toubro Ltd share was trading at Rs 3,574.00 on Monday. The market capitalization that this firm has is 4,92,014 crore rupees.
Quick Fact
Reliance Industries
| Company name | Reliance Industries |
|---|---|
| Market Cap | ₹ 19,78,933 Crore |
| Largest Market Cap | In Indian stock market |
| Buy Recommendation | On further price drop |
| Long-term Investment | Good buy with correction |
| Bonus Record Date | To be announced |
Larsen & Toubro
| Company name | Larsen & Toubro |
|---|---|
| Market Cap | ₹ 4,92,014 crore |
| Business Areas | Infrastructure, Construction, Hydrocarbons |
| Growth Factors | Strong tailwinds |
| Buy Recommendation | On any correction |
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