Sagar Doshi Recommends Divis Labs, HCL Tech, and Marico Amid Indo-Pak Tensions

Stock Picks: Sagar Doshi Suggests Divis Labs, HCL Tech, and Marico Shares to Buy Amid Indo-Pak Conflict

May 7, 2025 — In the wake of heightened geopolitical tensions following India's Operation Sindoor, Sagar Doshi, Senior Vice President of Research at Nuvama Professional Clients Group, has identified three stocks poised to perform well: Divis Laboratories Ltd, HCL Technologies Ltd, and Marico Ltd. These recommendations come as the Indian stock market shows resilience despite initial declines.(mint)

Market Overview Post-Operation Sindoor

Following India's targeted military strikes in Pakistan, the Indian stock market experienced a brief dip. The Nifty 50 index opened lower but quickly recovered, trading flat by mid-session. Analysts attribute this resilience to the market's anticipation of such geopolitical events and the steady foreign institutional investor (FII) inflows over the past 14 trading sessions, totaling ₹43,940 crore in the cash market. (mint)

Sagar Doshi's Stock Recommendations

Amidst the geopolitical backdrop, Sagar Doshi has recommended the following stocks:

1. Divis Laboratories Ltd (BUY)

• Last Closing Price (LCP): ₹6,161

• Stop Loss (SL): ₹5,900

• Target Price (TGT): ₹6,600(mint)

Doshi notes that Divis Laboratories has broken out of a six-month consolidation phase, indicating potential for an 8-10% upside in the short term. The stock is approaching all-time highs, making it an attractive buy for investors seeking growth in the pharmaceutical sector. (mint)

2. HCL Technologies Ltd (BUY)

• Last Closing Price (LCP): ₹1,120

• Stop Loss (SL): ₹1,050

• Target Price (TGT): ₹1,200(mint)

HCL Technologies has shown strong performance, with a 1.2% quarter-on-quarter and 6.1% year-on-year increase in revenue for Q4 FY25. The company's robust deal wins and confident FY26 guidance have lifted investor sentiment, making it a solid pick in the IT sector. (mint)

3. Marico Ltd (BUY)

• Last Closing Price (LCP): ₹720.10

• Stop Loss (SL): ₹694

• Target Price (TGT): ₹780(mint)

Marico's share price has reached its highest-ever closing, indicating strong investor confidence. In a market where mid and small-cap stocks are facing challenges, FMCG companies like Marico are attracting attention due to their stability and consistent performance. (mint)

Investment Outlook

Despite the geopolitical tensions, the Indian stock market has shown resilience, supported by strong FII inflows and investor confidence in select sectors. The recommendations by Sagar Doshi focus on companies with strong fundamentals and growth potential, making them attractive options for investors seeking stability and returns in the current market environment.