Stocks to buy: HAL, Mphasis and Infosys on investors' radar
[hfe_template id='11223']
[ad_1]
Stock markets went into a tailspin on Tuesday with benchmark Sensex plunging by 1,390 points due to selling in IT and private banking shares amid heightened uncertainty ahead of the anticipated rollout of US reciprocal tariffs on April 2. Stocks that were in focus include names like HAL, which rose 1.1% and Mphasis, which declined 2.2% and Infosys, whose shares declined 2.6% on Wednesday. Here's what Ameya Ranadive, Sr Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today. HAL Hindustan Aeronautics Ltd (HAL) has exhibited a strong V-shaped recovery, currently trading at Rs 4,275. The stock is a "buy on dips" candidate, with an ideal entry around Rs 4,100 for an upside target of ₹4,750. A breakdown below Rs 3,800 would negate this bullish view. Technically, HAL is trading above its 20, 50, 100, and 200 EMAs, indicating a strong upward trend. Some profit booking ma...