Leading market analysts have flagged fresh high-conviction trading ideas for the near term, with a mixed bag of buy and sell calls across banks, autos, and more.
Stocks in focus include Canara Bank, Ashok Leyland and more.
Policy Bazaar
Nilesh Jain, Head AVP- Technical & Derivatives Research, (Equity Research), Centrum Broking has issued a buy call on Policy Bazaar. He has set a target price of Rs 1,770, while placing a stop loss at Rs 1,685, indicating continued strength in the space.
Canara Bank
Jain has also turned bullish on Canara Bank. He has advised a buy, with a stop loss at Rs 150.5 and a target of Rs 161, betting on improving price momentum in the stock.
Ashok Leyland
Rajesh Palviya, SVP - Technical and Derivatives Research, Axis Securities has taken a constructive stance on Ashok Leyland at Rs 191. He has recommended a buy, with a stop loss at Rs 186 and an upside target of Rs 199, pointing to near-term uptick at higher levels.
Indian Bank
Palviya has also recommended a buy on Indian Bank at Rs 904, with a stop loss at Rs 890 and a target of Rs 935, suggesting limited downside and a favourable risk-reward ratio.
State Bank of India
Aamar Deo Singh, Sr. Vice President, Research at Angel One has issued a buy call on SBI at Rs 1,040. He has set a target price of Rs 1,098, while placing a stop loss at Rs 997, indicating continued strength in the space.
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