Raja Venkatraman, MarketSmith India recommend five stocks for 16 March

Analysis of this story by livemint_markets · 16 Mar 2026, 7:43 AM IST (about 2 months ago)

BULLISH(85%)

hold

+29.5AJANTPHARM POWERGRID Pharmaceuticals Power

AI Analysis

The pharma sector often acts as a defensive play during market volatility, and specific stock recommendations can drive short-term interest. Power sector stocks like Power Grid are often seen as stable dividend plays.

Trading Insight

For Ajanta Pharma, monitor for positive momentum and volume, considering the broader pharma sector's resilience. For Power Grid, look for stability and potential for dividend-driven buying.

Quick check: AJANTPHARM neutral (-2.6% 1d), POWERGRID neutral (-0.7% 1d).

Key Evidence

•Raja Venkatraman and MarketSmith India recommended five stocks for March 16.
•Ajanta Pharma and Power Grid Corporation were among the recommended stocks for buying.
•Indian stock indices Sensex and Nifty 50 faced selling pressure on March 13 due to rising crude oil prices and global economic concerns.
•GIFT Nifty suggests a mildly positive start for the day.
•Risk flag: Continued rise in crude oil prices could dampen overall market sentiment.