Brokerage firms and market analysts have shared their top stock recommendations for the upcoming trading session, highlighting opportunities in sectors such as power, pharmaceuticals, steel, automobiles and specialty chemicals.
The list of preferred stocks includes Adani Power, Glenmark Pharmaceuticals, Tata Steel, Bajaj Auto and SRF, with analysts suggesting specific entry levels, target prices and stop-losses for traders.
Adani Power
Shrikant Chouhan, Executive Vice President and Head of Equity Research at Kotak Securities, remains bullish on the power generation sector and has recommended a ‘Buy’ on Adani Power.
- Recommended Entry: Around current levels
- Target Price: Rs 234
- Stop Loss: Rs 216
According to Chouhan, the stock is witnessing positive price action and could offer upside potential in the near term.
Glenmark Pharmaceuticals
Osho Krishan, Chief Manager – Technical and Derivative Research at Angel One, has issued a ‘Buy’ recommendation on Glenmark Pharmaceuticals Ltd., citing strength in the pharmaceutical sector.
- Buy Range: Rs 2,250–Rs 2,260
- Target Prices: Rs 2,350 and Rs 2,370
- Stop Loss: Rs 2,200
The analyst believes the stock is well-positioned for further gains while advising traders to maintain disciplined risk management.
SRF
Krishan has also identified SRF Ltd. as an attractive trading opportunity in the specialty chemicals space.
- Recommended Entry: Rs 2,820
- Target Prices: Rs 2,920 and Rs 2,940
- Stop Loss: Rs 2,750
He expects the stock to benefit from continued positive momentum in the chemicals sector.
Tata Steel
Jigar Shantilal Patel, Senior Manager – Equity Technical Research at Anand Rathi Share and Stock Brokers, has recommended a ‘Buy’ on Tata Steel Ltd., citing improving technical momentum in the steel sector.
- Target Price: Rs 201
- Stop Loss: Rs 185
Patel believes the stock has the potential to extend its gains if the current trend remains intact.
Bajaj Auto
Patel has also maintained a positive outlook on Bajaj Auto, recommending the stock as a buy for the upcoming trading session.
- Target Price: Rs 10,700
- Stop Loss: Rs 9,600
According to the analyst, the automobile major continues to display favorable technical indicators that could support further upside.
Disclaimer
The views and investment recommendations mentioned above are those of individual market experts and brokerage firms. Investors should conduct their own research or consult a qualified financial advisor before making any investment decisions. Stock market investments are subject to market risks.