Vaishali Parekh’s Stock Recommendations for June 3rd: What to Buy or Sell After Exit Polls

Market Overview

As the Lok Sabha election results date approaches on June 4th, 2024, market analysts are closely watching the stock index. According to Vaishali Parekh, the index has topped out at the 23,100 level and is precariously placed. With this in mind, investors are keen to know which stocks to buy or sell after the exit polls.

Stocks to Buy

Vaishali Parekh has recommended three stocks that investors should consider buying:

NMDC: Parekh advises buying NMDC at ₹260, with a target price of ₹274 and a stop loss at ₹245. This recommendation comes as NMDC shows a potential for a 4.29% increase.

Castrol India: Another stock to consider is Castrol India. Parekh suggests buying at ₹198.5, with a target of ₹207 and a stop loss at ₹191. Castrol India has been showing a promising trend with a 3.89% increase.

GAIL (India): Lastly, Parekh recommends buying GAIL at ₹204.30, aiming for a target of ₹217 and a stop loss of ₹199. GAIL has indicated a 2.46% increase, making it a viable option for investors.

Market Sentiments and Recommendations

The current market sentiment is cautious as investors await the election results. The recommendations by Vaishali Parekh are aimed at navigating this uncertain period. Investors should carefully consider these recommendations and make informed decisions based on their risk tolerance and investment strategy.

In conclusion, while the market is precarious, the suggested stocks by Vaishali Parekh offer potential opportunities for gains. Investors should keep an eye on these stocks and stay updated with market trends as the election results unfold.