- Axis Bank recommended buy at Rs 1,357.60 with targets of Rs 1,380 and Rs 1,395
- Mahindra & Mahindra advised buy with target price of Rs 3,820 and stop loss at Rs 3,601
- Bajaj Auto suggested buy at Rs 9,774 with target of Rs 10,200 and stop loss at Rs 9,580
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the banking, automotive, and industrial sectors.
Top picks include private lender Axis Bank, auto heavyweights Mahindra & Mahindra (M&M) and Bajaj Auto, along with industrial major Vedanta and Eternal.
Here are the top five stock picks and trading ideas:
Axis Bank
Shrikant Chauhan, Senior Vice President at Kotak Securities, has recommended a buy on Axis Bank in the cash segment. He advised entering the stock at Rs 1,357.60 for targets of Rs 1,380 and Rs 1,395. He suggested maintaining a stop loss at Rs 1,339.
Mahindra & Mahindra (M&M)
Nilesh Jain, Head AVP of Technical & Derivatives Research at Centrum Broking, sees significant upside in the auto heavyweight M&M. He recommended a buy with a target price of Rs 3,820, advising traders to maintain a stop loss at Rs 3,601.
Bajaj Auto
Ajit Mishra, SVP of Research at Religare Broking, identified value in two-wheeler major Bajaj Auto. He recommended buying the stock at the current market price of Rs 9,774 for a target of Rs 10,200. The stop loss for this trade is set at Rs 9,580.
Vedanta (VEDL)
Chauhan of Kotak Securities also placed a buy rating on mining and metals major Vedanta. He suggested an entry at Rs 687.55 with target prices ranging from Rs 695 to Rs 700. The stop loss is recommended at Rs 681.
Eternal
Gaurav Sharma, Associate VP & HOR at Globe Capital, has recommended a buy on Eternal. He suggested an entry at the current market price of Rs 304 for a target of Rs 320, protecting the position with a stop loss at Rs 295.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
ALSO READ: MSCI Rejig: AB Capital, L&T Finance Added; IRCTC Removed In February Review
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
