Market experts and brokerage firms have identified several high-conviction stock ideas for Tuesday, July 21, highlighting opportunities across consumer goods, banking, cement, and power finance sectors. The recommended stocks include Nestle India, Dabur India, Bank of India, UltraTech Cement, and Power Finance Corporation (PFC), backed by favourable technical indicators and momentum.
Nestle India: Kotak Securities Sees Upside
Shrikant Chouhan, Executive Vice President and Head of Equity Research at Kotak Securities, remains optimistic about the consumer goods segment and has recommended buying Nestle India.
- Target Price: Rs 1,475–1,500
- Stop Loss: Rs 1,415
According to Chouhan, the stock is showing encouraging price action, making it an attractive short-term trading opportunity.
Dabur India: HDFC Securities Bullish on FMCG Stock
Vinay Rajani, Senior Technical and Derivative Analyst at HDFC Securities, has issued a buy recommendation on Dabur India, citing positive technical indicators.
- Target Price: Rs 452
- Stop Loss: Rs 410
Rajani believes the stock has the potential to deliver gains while advising traders to maintain strict risk management through the suggested stop loss.
Bank of India: Technical Strength Signals Buying Opportunity
Rajani has also recommended Bank of India, pointing to improving momentum in the banking sector.
- Target Price: Rs 156
- Stop Loss: Rs 140
The analyst expects the stock to benefit from its current technical setup and advises investors to monitor support levels closely.
UltraTech Cement: Angel One Expects Continued Momentum
Osho Krishan, Chief Manager – Technical and Derivative Research at Angel One, has identified UltraTech Cement as a strong trading candidate.
- Target Price: Rs 12,400
- Stop Loss: Rs 11,600
Krishan believes the cement major is well-positioned to extend its upward trend based on current market momentum.
Power Finance Corporation (PFC): Positive Outlook in Power Sector
Angel One’s Osho Krishan has also recommended Power Finance Corporation (PFC), citing robust technical strength in the power financing segment.
- Target Price: Rs 435–438
- Stop Loss: Rs 400
The analyst expects the stock to continue its positive trajectory while recommending disciplined risk management.
Key Takeaway
Analysts remain constructive on select stocks across multiple sectors, with consumer goods, banking, cement, and power finance emerging as preferred themes. However, investors should always use stop-loss levels and consider their own risk appetite before taking any trading positions.
Disclaimer: Stock market investments are subject to market risks. The recommendations mentioned above are based on analysts’ opinions and should not be considered investment advice. Investors are advised to consult a qualified financial advisor before making investment decisions.