Business News Desk, Sensex-Nifty had a record closing on 29 August. Nifty closed on a gain for the 11th consecutive day. Global signals are looking good at the start of the September series today. Asia started strongly. GIFT Nifty is also trading in light green. In such a situation, there are indications that the market may start with a gain today. Meanwhile, Anuj Singhal of CNBC-Awaaz says that the momentum of the market continues. Stay in long deals with SL of 24,950. The buying zone in Nifty is near 25,000-25,100, for this, place a stoploss of 24,900. Also, as today’s Big Stocks in the market, Anuj Singhal has selected some such stocks in which volatility can be seen throughout the day. So let’s take a look at his Big Stocks.
Sugar stocks in focus
Anuj Singhal says that today sugar shares will be seen trading in the green mark. Actually, ethanol manufacturing companies will get a big relief. The government has lifted the ban on sugar diversion. Also, the ban on B heavy molasses and C heavy molasses diversion has been lifted. Anuj says that this news is beneficial for sugar companies today. He says that there was good growth before the ethanol policy was changed. There will be more profit in ethanol production than sugar sales. Companies are demanding to increase ethanol prices. This news will benefit Balrampur Sugar, Shri Renuka, Dwarikesh. Also, there is good news for companies like Praj.
LUPIN
Anuj is liking this company of the pharma sector a lot. He says that Nomura has recommended buying Lupin and has given a target of Rs 2427 for the stock. Growth and profit improvement is expected in all markets. Earnings are getting support from the US generic business. Some injectable products will come to the market in the next 2 years. The brokerage says that the decline in Albuterol MDI performance is a challenge for US growth. Revenue from Mirabegron will be higher than expected in FY25. Tolvaptan is also expected to perform well in FY26/27.
InterGlobal Aviation
Anuj says that IndiGo may benefit from SpiceJet’s new trouble. It is reported that DGCA has increased monitoring of SpiceJet. The airline has taken this decision due to cancellation of flights and financial difficulties. There are also reports of sending 150 cabin crew members on three months’ leave without pay. InterGlobal Aviation will benefit from this news. Due to which Anuj is bullish on this stock today.
BHARTI HEXACOM
Anuj Singhal is bullish on BHARTI HEXACOM shares. Citi has also kept a bullish view on the stock and has given a buy opinion on this stock with a target of Rs 1405. Regional telecom operator, healthy balance sheet. EBITDA is estimated to grow by 26% CAGR in 3 years. Bharti’s 3-year EBITDA growth estimate across India is 20%. Hexacom’s net debt/EBITDA is expected to decrease by FY26/27. There is scope for increase in payout due to reduction in net debt/EBITDA.
