Chandan Taparia, head of Technical & Derivatives Research at Motilal Oswal Financial Services, shared his top stock picks for the day. His recommendations include HDFC Asset Management Company Ltd., Dalmia Bharat Ltd., and Steel Authority of India Ltd., each backed by technical indicators and sectoral momentum. Taparia has advised buying all three stocks with defined stop-loss and target levels, reflecting a bullish outlook in the near term.
HDFC AMC has been recommended with a stop-loss at Rs 5,430 and a target of Rs 5,900. The asset management firm manages mutual fund schemes across equity, debt, and hybrid categories. It operates under the HDFC Group umbrella and has a strong distribution network across the country.
Dalmia Bharat, a major player in India's cement manufacturing sector, is another suggestion. Taparia suggests a 'buy' with a stop-loss at Rs 2,180 and a target of Rs 2,400. The company has a significant presence in eastern and southern India. It has also been expanding its capacity and focusing on sustainability initiatives.
SAIL, one of India's largest state-owned steel producers, is Taparia's third recommendation. He suggests buying the stock with a stop-loss at Rs 130 and a target of Rs 150. The company operates integrated steel plants across the country and supplies to sectors including infrastructure, railways, and defense. SAIL has benefited from rising steel demand and government-led infrastructure push.
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