Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the commercial vehicle, logistics, consumer goods, auto ancillary, and public sector banking sectors.
Top picks include a consensus buy on Ashok Leyland, alongside Delhivery, Godfrey Phillips, Ramkrishna Forgings, and Canara Bank.
Ashok Leyland
Ashok Leyland emerged as a key pick with dual buy recommendations, though with varying time horizons and price targets.VLA Ambala, SEBI RA & Founder of SMT Stock Market, suggested a swing trade with an entry range of Rs 170–180. She set staggered targets of Rs 200, Rs 225, and Rs 260 for a 10-to-60-day period, advising a stop loss at Rs 150.
Vinay Rajani, Senior Technical Research Analyst at HDFC Securities, recommended a tighter tactical play with an entry at Rs 168, an upside target of Rs 174, and a stop loss at Rs 164.
Delhivery
Shrikant Chouhan, Executive VP & Head of Equity Research at Kotak Securities, identified technical strength in the logistics major Delhivery. He recommended a buy at the current market price of Rs 469 for upside targets of Rs 490 and Rs 500. Traders are advised to maintain a stop loss at Rs 454.
Godfrey Phillips India
Rajesh Palviya, Head of Research at Axis Securities, sees momentum in the consumer goods space. He recommended a buy on Godfrey Phillips at Rs 2,308 for an upside target of Rs 2,360, protecting the position with a stop loss at Rs 2,28
Ramkrishna Forgings (RK Forgings)
Palviya also highlighted a bullish setup in the auto ancillary segment with RK Forgings. He suggested an entry at Rs 622 for a target price of Rs 655, while advising traders to keep a strict stop loss at Rs 613.
Canara Bank
Gaurav Sharma, Associate VP & HOR at Globe Capital, identified a buying opportunity in the PSU banking space. He recommended entering Canara Bank at the current market price of Rs 138 for a target of Rs 145, advising a stop loss at Rs 134.
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