Top 5 Shares: Gaurang Shah Stock Picks: 5 Must-Buy Stocks to Overcome Market Losses

The Indian stock market experienced a significant correction last week, with the Nifty index breaking its crucial support level of 25,000, closing at 24,852. Amid this backdrop, investors are looking for opportunities to buy quality stocks at lower prices. Market expert Gaurang Shah has identified five stocks that are recommended for long-term investment and buying on dips.

Gaurang Shah’s Top Stock Picks

1. Gujarat Gas Ltd

Gujarat Gas has been in the news recently due to its board approving a scheme of arrangement involving a merger with Gujarat State Petroleum Corporation and Gujarat State Petronet. Prior to this news, the target price for Gujarat Gas was set at ₹600. However, given the recent developments, it is now considered a strong buy for long-term investors. The stock closed at ₹667.05 on Friday and has delivered a remarkable 45% return over the past year.

2. NBCC (India) Ltd

NBCC has announced a bonus share issue in a 1:2 ratio, meaning that shareholders will receive one additional share for every two shares held. The record date for this bonus issue is set for October 7, 2024. The stock closed at ₹178.70 after a decline of over 2% on Friday. Despite this, NBCC has shown impressive performance, with a 199% return over the past year. Gaurang Shah believes that the company’s involvement in government projects positions it well for future growth.

3. Bajaj Auto

In the auto sector, Gaurang Shah recommends Bajaj Auto as a strong buy for long-term investors. The stock closed at ₹10,827 on Friday and has provided a staggering 131% return in the past year. Shah suggests that investors should not alter their strategies based on monthly sales data, emphasizing the importance of a long-term perspective.

4. Tata Motors

5. Maruti Suzuki

Maruti Suzuki is also on Shah’s list of recommended stocks. He believes that it presents a good buying opportunity for investors. While specific performance metrics were not detailed, the overall sentiment around Maruti Suzuki remains positive among long-term investors.

Market Overview

The recent market correction has created a buying opportunity for investors willing to take a long-term view. With the Nifty breaking below 25,000, many investors are looking to capitalize on the dip by purchasing quality stocks. Gaurang Shah’s recommendations reflect a strategic approach to navigating the current market conditions.

Note: These 5 stocks mentioned by Gaurang Shah are his own analysis. Local Haryana does not ask for buying or selling of any stock. Before taking any decision related to investment, you must consult a certified expert.