Indigo, Ihcl, Lemon Tree, Pnb, Sbi & Bob: Mitesh Panchal's Take On These 6 Stocks As Geopolitical Tensions Rise

Sebi-registered expert Mitesh Panchal stayed affirmative connected nan aviation and tourism sectors moreover arsenic tensions betwixt India and Pakistan continued to escalate. "We person a wholly contra position connected nan aviation and tourism and hospitality sectors. I deliberation successful nan absolute uncertainty for illustration this, some of these spaces will execute very well. You whitethorn spot a correction going guardant to nan tune of 2 to 5 per cent but that is going to beryllium an fantabulous buying opportunity. Sooner than later, particulate will settee down and some these sectors will spike up. We are of nan position that Interglobe Aviation (IndiGo's parent) successful nan Rs 5,100-5,300 scope is simply a bully buy. We are looking astatine a target of Rs 5,800-6,000 sooner than later," the marketplace master told Business today connected Thursday.

"Indian Hotels Company Ltd (IHCL) and Lemon Tree Hotels Ltd are besides looking very absorbing astatine nan existent levels. So, I deliberation these sectors will witnesser a 3 to 5 per cent correction from nan coming levels. One should 'buy-the-dip' pinch a one-to-three-month view," Panchal added.

In consequence to a query connected prime stocks from nan banking space, he said he won't prime shares of Punjab National Bank (PNB), SBI aliases Bank of Baroda (BoB) arsenic of now. "They astir apt request a beardown breakout connected monthly charts. So, we'll debar till immoderate important reversal comes. Then only we will see buying, different nan banking abstraction will spell for a consolidation play for a overmuch longer play of time," he stated.

Meanwhile, nan 30-share BSE Sensex battalion slipped 412 points aliases 0.51 per cent to adjacent astatine 80,334.81 and nan broader NSE Nifty scale moved 141 points aliases 0.58 per cent to extremity astatine 24,274. Broader indices tanked up to 1.95 per cent.

Fear scale India VIX, which measures marketplace volatility, spiked 10.21 per cent to 21.01, arsenic per NSE data. The scale measures expected marketplace volatility based connected Nifty50 scale options contracts. A emergence successful India VIX indicates that investors expect higher uncertainty aliases consequence complete nan short word (30 days). When nan volatility scale rises, stocks usually thin to fluctuate, making it difficult to foretell early marketplace movements.

Investor wealth, arsenic suggested by nan BSE marketplace capitalisation (m-cap), fell astir Rs 5 lakh crore to Rs 418.50 lakh crore compared pinch a valuation of Rs 423.50 lakh crore recorded successful nan erstwhile session. Frontline stocks specified arsenic HDFC Bank, Bharti Airtel, Mahindra & Mahindra (M&M), ICICI Bank, Eternal (formerly Zomato), Maruti and SBI contributed to nan autumn today.

Last night, nan S-400 Sudarshan Chakra aerial defence rocket systems of nan Indian Air Force (IAF) were fired against Pakistani targets moving towards India. The targets were successfully neutralised successful nan operation. On nan intervening nighttime of May 7-8, Pakistan attempted to prosecute a number of subject targets utilizing drones and missiles successful bluish and occidental India.

Published on: May 8, 2025 5:12 PM IST