Stock to Buy: The stock market continues to fall. Foreign investors (FIIs) have been selling continuously for the last several days.
If the stock selection is right in a falling market, then money can be made. An expert has selected 3 stocks to earn in a falling market.
These include Saksoft Ltd, Roto Pumps Ltd, and Carysil Ltd. Investors can get returns in these stocks in the short term.
Saksoft Share Price Target
The expert has advised to buy the IT stock Saksoft Ltd. The short-term target is Rs 245 per share.
The stop loss should be maintained at a level of 220 rupees. On November 8, the stock closed at Rs 235.70, up 3.63 percent. The stock can fall to 4 percent from the opening price.
IT company Saksoft Ltd provides cloud mobility and Internet of Things-based services. Like application development, testing, and quality control, it can provide a wide range of solutions.
It serves segments like fintech, telecom, healthcare, and logistics. Fundamentals are good, the company is growing at a good rate. Following a substantial decline over the past few days, it’s currently trading at the same levels.
Roto Pumps Share Price Target
Experts have advised buying Roto Pumps Ltd, a pump manufacturer. The price target is 315 rupees. The stop loss should be maintained at 276 rupees.
The company is a manufacturer of agricultural pumps and industrial pumps. It caters to sectors like wastewater sector, sugar, paper, pen, oil and gas, and chemicals.
Apart from this, it also manufactures pumps for sub-sectors like mining, and explosives for defense. The company exports to over 50 countries.
The company has 3 manufacturing capacities in India. Now the company is also focusing a lot on solar pumps.
Carysil Share Price Target
The expert has given a buy recommendation for the household appliance company Carysil Ltd. The short-term target price is Rs 830 per share.
The stop loss should be maintained at 785 rupees. The stock can fall by 1 percent from the current price. Experts say that this is a great company that makes Quartz Kitchen Sink.
It is the largest manufacturing firm. It is a partnership with the German company. It holds a market share of 10 % worldwide. A good amount of revenue comes from exports.
Quick Fact
| Company name | Saksoft |
|---|---|
| Industry | IT services |
| Services | Cloud mobility, IoT solutions |
| Solutions provided | Application development, testing, quality control |
| Main segments | Fintech, telecom, healthcare, logistics |
| Short-term possible target price | ₹245 |
| Stop loss | ₹220 |
| Previous close price | ₹235.70 |
| Potential fall from the opening price | 4% |
| Current market trend | Recently declining, trading at previous levels |
| Company name | Roto Pumps |
|---|---|
| Industry | Pump manufacturing |
| Product types | Agricultural pumps, industrial pumps, solar pumps |
| Sectors served | Wastewater, sugar, paper, oil and gas, chemicals, mining, defense explosives |
| Export markets | 50+ countries |
| Manufacturing facilities | 3 in India |
| Focus area | Increased focus on solar pumps |
| Short-term possible target price | ₹315 |
| Stop loss | ₹276 |
| Company name | Carysil |
|---|---|
| Industry | Household appliances |
| Specialty | Quartz kitchen sinks |
| Stock price | 799 (-1.71%) |
| Global market share | 10% worldwide |
| Partnership | German company |
| Primary revenue source | Exports |
| Short-term possible target price | ₹830 |
| Stop loss | ₹785 |
| Potential fall from the current price | 1 % |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
