7 hours ago
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Stock of the Day: Market guru Anil Singhvi has identified his top stock picks for the day. He focuses on two Bengaluru-based companies, Schloss and United Breweries (UBL), on the buy side and flags Oberoi Realty as a potential shorting candidate.
Schloss Bangalore
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Buy Range: CMP
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Stop Loss: Rs 443
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Targets: Rs 454, Rs 458, Rs 463
Bengaluru-based Schloss delivered strong Q1 results on Tuesday, beating Street expectations. The stock has now caught the attention of global brokerage Morgan Stanley, which has raised its target price from Rs 549 to Rs 562, signalling further upside potential.
Singhvi highlighted that the improving fundamentals post-results, combined with bullish institutional commentary, make Schloss a compelling buy for the near term.
United Breweries Ltd
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Buy Range: CMP
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Stop Loss: Rs 2015
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Targets: Rs 2055, Rs 2075, Rs 2100
Singhvi is also bullish on United Breweries Ltd. (UBL), another Bengaluru-based company, after the beer major posted robust double-digit volume growth of 11 per cent YoY in Q1.
What stood out was that EBITDA was 10 per cent higher than analyst estimates, reflecting strong operational leverage. Singhvi added that investors should track the company’s post-earnings concall scheduled at 3 PM today, where management is expected to share forward-looking commentary and guidance.
Oberoi Realty
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Sell Range: CMP
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Stop Loss: Rs 1840
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Targets: Rs 1800, Rs 1785, Rs 1760
On the other hand, Singhvi has issued a sell call on Oberoi Realty after a large block deal hit the counters, triggering supply pressure.
He noted that the stock is unlikely to see a sharp bounce since its Q1 earnings were also below expectations, showing weakness across residential and commercial segments. The lack of near-term triggers and institutional offloading makes the risk-reward unfavourable at current levels.
English (US) ·