Indian stocks show recovery, experts suggest cautious investments

The Indian stock market is showing signs of recovery after a tough period. The Nifty 50 index has climbed about 6% in March. This follows five months of losses. Experts are now advising investors to be cautious and focus on quality stocks. The Nifty 50 index rose to 23,350.40 on March 21, up 0.70%. However, it is still 11% below its peak from September 2024. Future performance will depend on fourth-quarter earnings and global factors. Investors will keep an eye on economic data and the upcoming monsoon season as well. Pritesh Mehta from YES Securities recommends ten stocks for long-term investments. He predicts these stocks could see gains between 19% and 39% within a year. Some of the top stock picks include IndiGo, Shriram Finance, and Tata Power Company, all expected to have significant upside potential. IndiGo's stock, for example, closed at ₹5,044.05 and is targeted to reach ₹7,000, showing a potential increase of 39%. Other stocks like Shriram Finance and Tata Power have similar optimistic forecasts, with target prices of ₹890 and ₹500, respectively. While the outlook is positive, experts advise selecting stocks carefully and avoiding risky investments. Investors should also verify recommendations with certified financial experts before making decisions.