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Anand Rathi’s Ganesh Dongre names three stocks to buy
Ganesh Dongre, an analyst at Anand Rathi, suggested three stocks for investors to consider buying.
They are Bharti Airtel, ITC, and PNB.
He gave a price range to buy each one, a target price, and a stop-loss level.
A stop-loss is a price that can help limit losses if a stock falls.
The Nifty and Bank Nifty both rose during the week.
But Dongre said the wider market still looks uncertain.
He pointed to important price levels that traders may watch.
Global tensions, higher oil prices, and interest-rate concerns were also weighing on market mood.
Ganesh Dongre of Anand Rathi recommended buying Bharti Airtel at ₹1,800–₹1,810, with a ₹1,860 target and ₹1,760 stop-loss.
He recommended ITC at ₹260–₹265, with a ₹285 target and ₹245 stop-loss.
He recommended PNB at ₹114–₹116, with a ₹124 target and ₹107 stop-loss.
The Nifty 50 ended the week at 22,520, up nearly 0.44%, while the Bank Nifty closed at 55,256, up 1.48%.
Dongre described both indices as technically cautious, citing key resistance and support levels and the possibility of short-term rebounds.
- Who
- Ganesh Dongre, AVP — Equity Research at Anand Rathi, issued the recommendations.
- What
- He recommended buying Bharti Airtel, ITC, and PNB at specified price ranges, with targets and stop-losses.
- Where
- The Indian stock market.
- When
- For the upcoming trading week; the article does not give a publication date.
- Why
- The recommendations were presented alongside Dongre’s technical market outlook; the article does not give a separate rationale for each stock.
Stock recommendations
Broader market caution
Buying opportunities versus market risk
Stock recommendations
Dongre recommended buy ranges for Bharti Airtel, ITC, and PNB, each with a target and stop-loss.
Broader market caution
He also said the Nifty and Bank Nifty remain in a cautious technical phase, with the broader market structure under pressure.
Potential rebound versus downside concerns
Stock recommendations
Dongre said oversold conditions could lead to relief rallies or technical rebounds.
Broader market caution
He highlighted key support zones and cited geopolitical uncertainty, crude prices, bond yields, and interest-rate concerns as risks to sentiment.
Key facts
- Bharti Airtel
- Buy range ₹1,800–₹1,810; target ₹1,860; stop-loss ₹1,760.
- ITC
- Buy range ₹260–₹265; target ₹285; stop-loss ₹245.
- PNB
- Buy range ₹114–₹116; target ₹124; stop-loss ₹107.
- Nifty 50 weekly close
- 22,520, up nearly 0.44% for the week.
- Bank Nifty weekly close
- 55,256, up 1.48% for the week.
- Nifty levels cited
- Dongre identified 22,000–21,700 as support; a sustained weekly close above 23,200 could improve the near-term outlook.
- Bank Nifty levels cited
- He cited 51,500–53,000 as support and 56,000–56,500 as resistance.
Quotes
Ganesh Dongre
AVP of Equity Research at Anand Rathi
“A sustained weekly close above 23,200 would help improve the near-term technical outlook and could open the door for a recovery towards 24,000–24,200, where the 200-day EMA and broader resistance levels are positioned. On the downside, 22,000–21,700 remains a crucial support zone, as it represents a significant historical support area near previous yearly and quarterly lows.”
livemint.com
“Overall, both the Nifty and Bank Nifty remain in a cautious technical phase despite the recent weekly recovery. Although oversold conditions could trigger intermittent relief rallies or technical rebounds, the broader market structure remains under pressure.”
livemint.com
Sources
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