As Samvat 2083 kicked off with the Muhurat Trading session on Sunday, long-term investors are expected to find value picks for their stock portfolio. According to reports from LiveMint, they are highly optimistic after the successive bull run in the pre-Diwali rally on Dalal Street. The easing of Middle East tensions and Brent Crude oil price slipping below $100 per barrel further boosted positive sentiment in the Indian stock market. Stock market experts believe that easing tensions in the Middle East and cooling crude oil prices are expected to boost metal demand due to manufacturing and infrastructure growth in China and other countries across Asia, Africa, and Latin America.
According to Avinash Gorakshkar, Founder of Avinash Mentor Research, selecting a stock depends on the investor's investment goal. As reported by LiveMint, for investors seeking steady income beyond stock price movements, NMDC can be a good option as it is one of the highest-dividend-paying stocks. For core growth with capex expansion, JSW Steel and Tata Steel shares are better suited for such investors. Anuj Gupta, SEBI-registered market expert, recommends JSW Steel as the top stock pick for balance of risk, market leadership, and domestic demand capture in Samvat 2083. He cites the company's superior operational execution, low debt-to-EBITDA metrics among private steelmakers, and direct exposure to India's domestic infrastructure build-out.
According to Mahesh M Ojha, VP — Research and Business Development at KC Securities, JSW Steel shares are looking positive on the technical chart with strong support at ₹1,324. As reported by LiveMint, the metal stock is facing resistance at ₹1,376, and on breaking above this resistance, JSW Steel may soon touch ₹1,400 levels. For existing investors, he advises holding the scrip with a strict stop-loss at ₹1,324 for the upside target of ₹1,400. Fresh investors can also buy JSW Steel shares for a target of ₹1,400, maintaining a strict stop-loss at ₹1,324.
The KC Securities expert recommends NMDC shares as a secondary choice for investors looking to buy metal stocks in Samvat 2083. As reported by LiveMint, NMDC has strong support placed at ₹68, and existing NMDC shareholders should hold the scrip, maintaining a stop-loss at ₹68 for the upside target of ₹78. Fresh investors can also buy NMDC shares, maintaining a stop-loss at ₹68 for the upside target of ₹78. The diversified income from NMDC shares makes it suitable for investors seeking steady income beyond stock price movements.
