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The Indian stock market stayed in positive territory for the fourth consecutive session on Tuesday, August 19, as GST rationalisation and India’s credit rating upgrade kept investor risk appetite intact.

The Sensex closed 371 points, or 0.46%, higher at 81,644.39, while the Nifty 50 settled at 24,980.65, up 104 points, or 0.42%. The BSE Midcap and Smallcap indices outperformed, rising by a percentage each. Let's get on to the best stock recommendations for today by India's expert analysts.

Buy: GODAWARI POW & ISP LTD — Current Price: ₹216

Buy: L&T Finance Holdings(current price: ₹ 217)

Risk factors: Asset quality & portfolio risk, parent dependency & support uncertainty, market, regulatory & operational exposure

Buy: ₹ 217

Target price: ₹ 248 in two to three months

Stop loss: ₹ 202

Buy: Asahi India Glass Limited (current price: ₹870)

Why it’s recommended: Dominant market position, integrated operations & backward integration

Key metrics: P/E: 54.57; 52-week high: ₹876; volume: ₹ 14.89 crore

Technical analysis: downward sloping trendline breakout

Risk factors: Margin pressure from float glass competition, dependency on key customers

Buy at: ₹860–875

Target price: ₹960 in two to three months

Stop loss: ₹ 830

MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543)

Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.

Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.

Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

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