2 weeks ago
Anand Rathi's Ganesh Dongre Recommends Four Stocks to Buy
Ganesh Dongre is a person who studies the stock market to help people decide what to buy.
Ganesh works for a company called Anand Rathi.
Around India's Independence Day, he told people that the stock market was falling a little.
But he said this is normal and the market will go back up.
He suggested buying small pieces of four companies: BEL, Kaynes Technology, BEML, and UNO Minda.
These companies make things like defence equipment, electronics, trains, and car parts.
He said people should wait for each stock's price to pass a certain point before buying.
For example, BEML should only be bought if the price goes above 2,050 rupees.
Ganesh thinks these stocks could become more valuable over the next few weeks.
He also said the market index should not fall below its support level of 24,050.
Ganesh Dongre of Anand Rathi recommends buying BEL, Kaynes Technology, BEML and UNO Minda.
The Nifty 50 has fallen from 24,583 to 24,366, with selling pressure for four straight sessions.
Dongre sees the pullback as a healthy retracement and keeps a bullish stance, with major support at 24,050.
BEL is a momentum-continuation candidate needing a breakout above ₹345 for a target of ₹450-₹500.
UNO Minda, trading around ₹1,240, is described as the cleanest technical structure among the four picks.
- Who
- Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, issued the recommendations.
- What
- Recommended buying BEL, Kaynes Technology, BEML and UNO Minda, while maintaining a bullish Nifty 50 outlook.
- Where
- India, focusing on the Dalal Street stock market.
- When
- Around India's 80th Independence Day in 2026, ahead of the market reopening on Monday.
- Why
- He believes the recent pullback is a healthy retracement within a broader uptrend, not a reversal.
Key facts
- Analyst
- Ganesh Dongre, Senior Manager — Technical Research, Anand Rathi
- Recommended stocks
- BEL, Kaynes Technology, BEML, UNO Minda
- Nifty 50 decline
- Fell from 24,583 to 24,366 over four straight sessions
- Nifty 50 support
- 24,050
- Nifty 50 upside path
- Sustained move above 24,500 could pave the way to 25,000 and higher
- BEL target
- ₹450-₹500 on breakout above ₹345
- BEML target
- ₹2,200, with stop loss at ₹1,450
- UNO Minda target
- ₹1,400-₹1,500, trading around ₹1,240
Quotes
Ganesh Dongre
Senior Manager – Technical Research at Anand Rathi
“We maintain our bullish stance and expect the index to regain momentum on a sustained move above 24,500, which could gradually pave the way towards 25,000 and higher levels in the coming weeks. As long as the 24,050 zone holds, dips should continue to be used to build fresh positions.”
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